Ultrapar Holdings (UGP) Other Working Capital Changes (2009 - 2023)

Ultrapar Holdings (UGP) has reported Other Working Capital Changes for 18 consecutive years, with -$45.4 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Other Working Capital Changes fell 1466.29% year-over-year to -$45.4 million; the TTM figure through Mar 2026 stood at -$14.1 million (up 82.47% YoY), while the FY2025 annual figure was $31.1 million, up 258.06% from the prior year.
• Other Working Capital Changes fell to -$45.4 million in Q1 2026 per UGP's latest filing, from $23.9 million in the prior quarter.
• Across five years, Other Working Capital Changes topped out at $34.8 million in Q4 2017 and bottomed at -$15.1 million in Q1 2017.
• Historically, Other Working Capital Changes has averaged -$1.9 million across 5 years, with a median of -$2.7 million in 2017.
• Annual changes were most pronounced in 2022 — Other Working Capital Changes tumbled 175467.23% — and 2023, when it soared 293.63%.
• Ultrapar Holdings' Other Working Capital Changes stood at -$9.2 million in 2022, then plunged by 93.69% to -$17.8 million in 2023, then retreated by 11.32% to -$19.8 million in 2024, then jumped by 220.85% to $23.9 million in 2025, then sank by 290.01% to -$45.4 million in 2026.
• Business Quant data shows UGP's Other Working Capital Changes at -$45.4 million in Q1 2026, $23.9 million in Q4 2025, and $15.0 million in Q3 2025.