Our portfolio

89 years investing in Brazil’s energy and future.

With disciplined capital allocation, we invest in sectors where we can be the best shareholders, focused on long-term value creation.

Our portfolio consists of solid companies that are essential to the country.

A complete offering of products and services for the mobility journey

Ipiranga is part of the daily lives of millions of Brazilians through the sale of high-quality fuels, operating one of the largest fuel distribution networks in the country, AmPm convenience stores, production and sale of lubricants through ICONIC, as well as one of Brazil’s largest loyalty programs, KM de Vantagens.

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Operational highlights

5.8thousand
service stations
23.9million
of m³ sold
1,539AmPm stores
1,088
Jet Oil units
39million
participants in KMV

Energy solutions platform and pioneer in the LPG market

Aiming to expand its energy solutions offering, the pioneering company in the liquefied petroleum gas (LPG) market began providing renewable electricity for businesses and households, as well as compressed natural gas (CNG) and biomethane for corporate clients, establishing itself as a comprehensive energy solutions platform.

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Operational highlights

1.7million
tons sold in 2025
Providing
services in 22 states of Brazil and the Federal District
11million
homes supplied
53thousand
business customers

Largest independent liquid bulk storage company

As Brazil’s largest independent liquid bulk storage company, Ultracargo has been advancing its growth and inland expansion strategy, connecting Brazilian ports to the country’s interior through multipurpose terminals, enhancing its value proposition for customers.

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Operational highlights

1million
m³ of total static capacity
16million
m³ sold in 2025
Present
in the inland and in the main logistics hubs in Brazil.

Leader and pioneer in the waterway transportation sector

Hidrovias is emerging as a standout provider of competitive, low-carbon logistics solutions, handling grains, minerals, and fertilizers, with a focus on leveraging waterway transport across South America.

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Operational highlights

+18million
of tons handled in 2025
+30
pushers and +450 barges
Operation
in 4 countries