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.

The main segments are presented in the table below:

Segment	Main activities
Ultragaz	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.
Ipiranga	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.
Ultracargo	Operates in specialized liquid bulk storage solutions in the main logistics centers of Brazil.

a. Geographic area information

The subsidiaries generate revenue from operations in Brazil, as well as from exports of products and services to foreign customers, as disclosed below:

	2024	2023	2022
Net revenue from sales and services:
Brazil	132,311,614	124,400,378	140,801,146
Europe	50,717	202,665	607,416
United States of America and Canada	681,136	1,084,594	1,785,413
Other Latin American countries	202,949	204,306	73,351
Singapore	166,673	145,082	359,250
Others	85,824	11,676	8,132
Total	133,498,913	126,048,701	143,634,708

b. Financial information related to segments

The main financial information of each of the continuing operations of the Company’s segments is as follows.

12/31/2024
Profit or loss	Ipiranga		Ultragaz		Ultracargo		Others ^{(1) (2)}		Subtotal Segments		Eliminations		Total
Profit or loss	Ipiranga		Ultragaz		Ultracargo		Others ^{(1) (2)}		Subtotal Segments		Eliminations		Total
Net revenue from sales and services	121,336,232		11,288,418		1,075,558		8,691		133,708,899		(209,986	)	133,498,913
Transactions with third parties	121,335,586		11,287,337		875,997		(7	)	133,498,913		‐		133,498,913
Intersegment transactions	646		1,081		199,561		8,698		209,986		(209,986	)	-
Cost of products and services sold	(114,730,458	)	(8,895,244	)	(386,568	)	‐		(124,012,270	)	200,377		(123,811,893	)
Gross profit	6,605,774		2,393,174		688,990		8,691		9,696,629		(9,609	)	9,687,020
Operating income (expenses)
Selling and marketing	(1,886,281	)	(606,609	)	(10,723	)	(11	)	(2,503,624	)	4,077		(2,499,547	)
General and administrative	(1,132,913	)	(344,060	)	(176,687	)	(230,068	)	(1,883,728	)	11,636		(1,872,092	)
Results from disposal of property, plant and equipment and intangible assets	167,657		4,134		(24	)	70		171,837		‐		171,837
Other operating income (expenses), net	(512,714	)	82,552		13,692		2,378		(414,092	)	‐		(414,092	)
Operating income (loss)	3,241,523		1,529,191		515,248		(218,940	)	5,067,022		6,104		5,073,126
Share of profit (loss) of subsidiaries, joint ventures and associates	(8,654	)	578		3,433		(122,539	)	(127,182	)	‐		(127,182	)
Amortization of fair value adjustments on associates acquisition	‐		‐		(2,493	)	‐		(2,493	)	‐		(2,493	)
Total share of profit (loss) of subsidiaries, joint ventures and associates	(8,654	)	578		940		(122,539	)	(129,675	)	‐		(129,675	)
Income (loss) before financial result and income and social contribution taxes	3,232,869		1,529,769		516,188		(341,479	)	4,937,347		6,104		4,943,451
Depreciation and amortization (a)	444,924		284,153		118,559		19,451		867,087		(5,953	)	861,134
Amortization of contractual assets with customers - exclusivity rights	553,840		1,243		‐		-		555,083		‐		555,083
Amortization of right-of-use assets	213,092		66,081		29,998		2,889		312,060		‐		312,060
Amortization of fair value adjustments on associates acquisition	‐		‐		2,493		‐		2,493		‐		2,493
Total depreciation and amortization	1,211,856		351,477		151,050		22,340		1,736,723		(5,953	)	1,730,770

(a)	The amount is net of PIS and COFINS on depreciation in the amount of R$ 39,539.
(1)	Includes in the line “General and administrative and Revenue from sale of goods” the amount of R$ 172,242 in 2024 of expenses related to Ultrapar's holding structure.
(2)	The “Others” 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.

12/31/2023
Profit or loss	Ipiranga (Restated)⁽³⁾		Ultragaz		Ultracargo		Others (Restated) ^{(1) (2) (3)}		Subtotal Segments		Eliminations		Total
Profit or loss	Ipiranga (Restated)⁽³⁾		Ultragaz		Ultracargo		Others (Restated) ^{(1) (2) (3)}		Subtotal Segments		Eliminations		Total
Net revenue from sales and services	114,551,830		10,670,793		1,015,564		14,308		126,252,495		(203,794	)	126,048,701
Transactions with third parties	114,551,827		10,669,365		815,249		12,260		126,048,701		‐		126,048,701
Intersegment transactions	3		1,428		200,315		2,048		203,794		(203,794	)	‐
Cost of products and services sold	(108,074,324	)	(8,485,215	)	(355,798	)	‐		(116,915,337	)	184,868		(116,730,469	)
Gross profit	6,477,506		2,185,578		659,766		14,308		9,337,158		(18,926	)	9,318,232
Operating income (expenses)
Selling and marketing	(1,615,178	)	(626,554	)	(11,395	)	(99	)	(2,253,226	)	‐		(2,253,226	)
General and administrative	(1,318,092	)	(298,171	)	(167,344	)	(253,478	)	(2,037,085	)	18,926		(2,018,159	)
Results from disposal of property, plant and equipment and intangible assets	170,604		13,199		103		(2,915	)	180,991		(59,056	)	121,935
Other operating income (expenses), net	(657,376	)	20,191		2,335		31,985		(602,865	)	‐		(602,865	)
Operating income (loss)	3,057,464		1,294,243		483,465		(210,199	)	4,624,973		(59,056	)	4,565,917
Share of profit (loss) of subsidiaries, joint ventures and associates	(7,508	)	26		11,764		7,626		11,908		‐		11,908
Income (loss) before financial result and income and social contribution taxes	3,049,956		1,294,269		495,229		(202,573	)	4,636,881		(59,056	)	4,577,825
Depreciation and amortization (a)	429,809		291,462		105,274		14,324		840,869		(492	)	840,377
Amortization of contractual assets with customers - exclusivity rights	606,036		1,410		‐		‐		607,446		‐		607,446
Amortization of right-of-use assets	211,934		61,124		30,454		2,388		305,900		‐		305,900
Total depreciation and amortization	1,247,779		353,996		135,728		16,712		1,754,215		(492	)	1,753,723

(a)	The amount is net of PIS and COFINS on depreciation in the amount of R$ 8,517.
(1)	Includes in the line “General and administrative and Revenue from sale of goods” the amount of R$ 167,929 in 2023 of expenses related to Ultrapar's holding structure.
(2)	The “Others” 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.
(3)	Refers to a change on the corporate structure which the companies Eaí and Millenium became part of Ipiranga consolidated, being restated in 2023 for compability purposes.

12/31/2022
Statement of income	Ipiranga		Ultragaz		Ultracargo		Others ^{(1) (2)}		Subtotal Segments		Eliminations		Total
Statement of income	Ipiranga		Ultragaz		Ultracargo		Others ^{(1) (2)}		Subtotal Segments		Eliminations		Total
Net revenue from sales and services	131,337,966		11,483,398		867,148		218,770		143,907,282		(272,574	)	143,634,708
Transactions with third parties	131,253,637		11,480,697		684,350		216,024		143,634,708		‐		143,634,708
Intersegment transactions	84,329		2,701		182,798		2,746		272,574		(272,574	)	‐
Cost of products and services sold	(126,569,490	)	(9,446,354	)	(340,621	)	(185,914	)	(136,542,379	)	266,122		(136,276,257	)
Gross profit	4,768,476		2,037,044		526,527		32,856		7,364,903		(6,452	)	7,358,451
Operating income (expenses)
Selling and marketing	(1,552,636	)	(576,087	)	(12,701	)	(561	)	(2,141,985	)	‐		(2,141,985	)
General and administrative	(828,753	)	(257,315	)	(134,208	)	(320,657	)	(1,540,933	)	6,452		(1,534,481	)
Gain (loss) on disposal of property, plant and equipment and intangible assets	168,709		(1,381	)	(887	)	2,848		169,289		‐		169,289
Other operating income (expenses), net	(525,966	)	6,235		3,330		1,879		(514,522	)	‐		(514,522	)
Operating income	2,029,830		1,208,496		382,061		(283,635	)	3,336,752		‐		3,336,752
Share of profit (loss) of subsidiaries, joint ventures and associates	(10,052	)	13		(3,880	)	26,100		12,181		‐		12,181
Income (loss) before financial result and income and social contribution taxes	2,019,778		1,208,509		378,181		(257,535	)	3,348,933		‐		3,348,933
Depreciation of PP&E and amortization of intangible assets	353,962		239,204		94,337		44,738		732,241		‐		732,241
Amortization of contractual assets with customers - exclusivity rights	503,751		1,502		-		‐		505,253		(346	)	504,907
Amortization of right-of-use assets	191,178		56,177		37,124		3,940		288,419		‐		288,419
Total depreciation and amortization	1,048,891		296,883		131,461		48,678		1,525,913		(346	)	1,525,567

(1)

Includes in the line “General and administrative and Revenue from sale of goods” the amount of R$ 157,621 in 2022 of expenses related to Ultrapar's holding structure.

(2)

The “Others” column refers to the parent Ultrapar and the subsidiaries Abastece Aí, Millenium, Serma, Imaven Imóveis Ltda. (“Imaven”), Ultrapar International, Ultrapar Empreendimentos, UVC Investimentos, UVC - Fundo de investimento and share of profit (loss) of joint venture RPR. In 2022 the Company ceased to present Abastece Aí as a separate segment, including its balance in the “Others” column.

c. Assets by segment

12/31/2024
Assets	Ipiranga	Ultragaz	Ultracargo	Others ⁽¹⁾	Total
Investments	146,450	1,042	216,134	1,785,007	2,148,633
Property, plant and equipment	3,282,469	1,566,376	2,157,663	129,458	7,135,966
Intangible assets	1,017,405	333,652	283,598	273,675	1,908,330
Right-of-use assets	911,783	152,024	599,853	7,664	1,671,324
Other current and non-current assets	20,944,583	2,156,708	393,368	3,199,162	26,693,821
Total assets (excluding intersegment transactions)	26,302,690	4,209,802	3,650,616	5,394,966	39,558,074

12/31/2023
Assets	Ipiranga (Restated)⁽²⁾	Ultragaz	Ultracargo	Others (Restated) ⁽^{1) (2)}	Total
Investments	68,107	240	215,745	34,264	318,356
Property, plant and equipment	3,224,662	1,438,662	1,698,605	25,652	6,387,581
Intangible assets	1,612,584	282,517	281,054	377,762	2,553,917
Right-of-use assets	907,867	149,698	622,781	31,180	1,711,526
Other current and non-current assets	19,228,878	2,273,866	415,085	5,362,765	27,280,594
Total assets (excluding intersegment transactions)	25,042,098	4,144,983	3,233,270	5,831,623	38,251,974

(1)	The “Others” 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.
(2)	Refers to a change on the corporate structure which the companies Eaí and Millenium became part of Ipiranga consolidated, being restated in 2023 for compability purposes.