Ultrapar Participações S.A. reported its full year 2024 financial results, with recurring EBITDA totaling BRL 5.375 billion. This figure represents a 4% decrease compared to 2023, primarily attributed to lower EBITDA at Ipiranga and the impact from Hidrovias' share of loss.
Despite these challenges, the company's net income for 2024 reached BRL 2.526 billion, maintaining the same level as 2023, supported by extraordinary tax credits. For the fourth quarter of 2024, Ultrapar's net revenue increased by 6% year-over-year, driven by contributions from Ipiranga and Ultragaz segments.
The company maintained a healthy financial position with a net debt to EBITDA ratio of 1.4x at year-end 2024. Ultrapar has outlined an investment plan of $405 million for 2025, signaling continued strategic capital allocation and a focus on navigating market competitiveness.
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