XML 118 R92.htm IDEA: XBRL DOCUMENT v3.25.1
Investments in subsidiaries, joint ventures and associates - Summary of the positions of equity and income (loss) for the year (Details) - BRL (R$)
R$ in Thousands
12 Months Ended
Oct. 31, 2024
Oct. 31, 2022
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Disclosure of investments accounted for using equity method [line items]            
Equity     R$ 15,823,444 R$ 14,029,826 R$ 12,174,968 R$ 10,469,240
Income (loss) for the year     2,525,900 2,517,753 1,840,069  
Advances for acquisition     90,000      
Advance for future capital increase [1]     500,000      
Total [2]     2,148,284 318,100 111,227 R$ 78,593
Total provision for equity deficit     (349) (256)    
Total investments     2,148,633 318,356    
Share of profit (loss) of subsidiaries, joint ventures and associates     (129,675) 11,908 12,181  
Hidrovias do Brasil S.A.            
Disclosure of investments accounted for using equity method [line items]            
Equity R$ 1,203,134   1,203,135 [3]      
Income (loss) for the year R$ (324,791)   R$ (229,904) [3]      
Interest in share capital - % in associates 41.94%   41.94% [3]      
Goodwill on investments [4]     R$ 775,044      
Advance for future capital increase [5]     500,000      
Total investments [3]     504,629 0    
Share of profit (loss) of subsidiaries, joint ventures and associates [3]     (94,842) 0 0  
Metalurgica plus [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     (1,045)      
Income (loss) for the year     R$ (276)      
Interest in share capital - % in associates     33.33%      
Investments with negative equity     R$ (349) (256)    
Share of profit (loss) of subsidiaries, joint ventures and associates     (91) (99) (105)  
Plenogas distribuidora de gas [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     3,124      
Income (loss) for the year     R$ 2,010      
Interest in share capital - % in associates     33.33%      
Total investments     R$ 1,041 497    
Share of profit (loss) of subsidiaries, joint ventures and associates     672 124 118  
Other investments [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     0      
Income (loss) for the year     R$ 0      
Interest in share capital - % in associates     0.00%      
Total investments     R$ 41 33    
Share of profit (loss) of subsidiaries, joint ventures and associates     0 0 0  
Transportadora sulbrasileira de gas [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     13,994      
Income (loss) for the year     R$ 6,812      
Interest in share capital - % in associates     25.00%      
Total investments     R$ 3,498 3,978    
Share of profit (loss) of subsidiaries, joint ventures and associates     1,704 2,043 2,771  
Pão de Açúcar Group stations [member]            
Disclosure of investments accounted for using equity method [line items]            
Advances for acquisition [6]     90,000      
União Vopak – Armazéns Gerais Ltda [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     540      
Income (loss) for the year     R$ (1,460)      
Interest in share capital - % in joint ventures     50.00%      
Total investments     R$ 270 1,550    
Share of profit (loss) of subsidiaries, joint ventures and associates     (730) 7,694 (3,880)  
Refinaria de Petróleo Riograndense S.A. [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     6,081 127,033    
Income (loss) for the year     R$ (83,097) R$ 20,899    
Interest in share capital - % in joint ventures     33.14% 33.14%    
Share of profit (loss) of subsidiaries, joint ventures and associates         26,110  
Refinaria de Petróleo Riograndense S.A. [member] | Hidrovias do Brasil S.A.            
Disclosure of investments accounted for using equity method [line items]            
Equity   R$ 75,850        
Income (loss) for the year   R$ 78,599        
Interest in share capital - % in joint ventures   33.14%        
Latitude Logística Portuária S.A [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     R$ 4,449      
Income (loss) for the year     R$ (7,555)      
Interest in share capital - % in joint ventures     50.00%      
Total investments     R$ 2,225 R$ 6,002    
Share of profit (loss) of subsidiaries, joint ventures and associates     (3,777) (1,636) (2,339)  
Navegantes Logística Portuária S.A [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     22,093      
Income (loss) for the year     R$ (25,417)      
Interest in share capital - % in joint ventures     33.33%      
Total investments     R$ 7,364 15,836    
Share of profit (loss) of subsidiaries, joint ventures and associates     (8,472) (7,413) (11,040)  
Nordeste Logística I S.A. [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     17,878      
Income (loss) for the year     R$ (513)      
Interest in share capital - % in joint ventures     33.33%      
Total investments     R$ 5,959 7,071    
Share of profit (loss) of subsidiaries, joint ventures and associates     (171) 730 2,591  
Nordeste Logística II S.A. [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     56,347      
Income (loss) for the year     R$ 4,698      
Interest in share capital - % in joint ventures     33.33%      
Total investments     R$ 18,782 17,216    
Share of profit (loss) of subsidiaries, joint ventures and associates     1,566 (2,199) (2,007)  
Nordeste Logística III S.A. [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     54,991      
Income (loss) for the year     R$ 1,478      
Interest in share capital - % in joint ventures     33.33%      
Total investments     R$ 18,330 18,004    
Share of profit (loss) of subsidiaries, joint ventures and associates     493 967 (30)  
Quimica da Bahia Industria e Comercio S.A. [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     6,637      
Income (loss) for the year     R$ (319)      
Interest in share capital - % in joint ventures     50.00%      
Total investments     R$ 3,319 3,478    
Share of profit (loss) of subsidiaries, joint ventures and associates     (159) (42) (8)  
Terminal de Combustíveis Paulínia S.A. ("Opla")            
Disclosure of investments accounted for using equity method [line items]            
Equity     119,388 [7] 108,311    
Income (loss) for the year     R$ 8,324 [7] R$ 8,141    
Interest in share capital - % in joint ventures     50.00% [7] 50.00%    
Goodwill on investments [4]     R$ 117,306 R$ 158,634    
Total investments [7]     59,694 54,155    
Share of profit (loss) of subsidiaries, joint ventures and associates [7]     4,162 4,071 0  
Terminal de Combustíveis Paulínia S.A. ("Opla") | Terminal de Combustíveis Paulínia S.A. (“Opla”) [member]            
Disclosure of investments accounted for using equity method [line items]            
Fair value adjustment on investments     38,835      
Share of profit (loss) of subsidiaries, joint ventures and associates     (2,493)      
Other investments [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     0      
Income (loss) for the year     R$ 0      
Interest in share capital - % in associates     0.00%      
Total investments     R$ 281 349    
Share of profit (loss) of subsidiaries, joint ventures and associates     0 0 R$ 0  
Investments with positive equity [member] | Refinaria de Petróleo Riograndense S.A. [member]            
Disclosure of investments accounted for using equity method [line items]            
Equity     6,081      
Income (loss) for the year     R$ (83,097)      
Interest in share capital - % in joint ventures     33.14%      
Total investments     R$ 2,015 31,553    
Share of profit (loss) of subsidiaries, joint ventures and associates     R$ (27,537) R$ 7,668    
[1] Amounts refer to the advance for future capital increase made in December 2024 by subsidiary Ultrapar Logística Ltda. in Hidrovias do Brasil S.A.
[2] Investments in subsidiaries, joint ventures and associates net of provision for equity deficit.
[3] 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 2-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 27.a.
[4] For more information on the accounting policy, see Note 14.a.
[5] The amount refers to the advance for future capital increase of Hidrovias, made by subsidiary Ultrapar Logística Ltda. For further information, see Note 27.a
[6] The amount refers to the advance for the acquisition of Pão de Açúcar Group service stations by subsidiary Centro de Conveniências Millenium Ltda. For further information, see Note 1.b.3
[7] Subsidiary Ultracargo Logística 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 27.