Ultrapar Participacoes S.A. (New) American Depositary Shares (Each representing one Common Share)

Good morning.

Thank you for waiting. Welcome to the earnings release call of UltraPAR to discuss the results referring to the second quarter of 2026. The presentation will be conducted by Mr. Rodrigo Pizzinatto, CEO of UltraPAR, and by Mr. Alexandre Palhares, CFO of UltraPAR. The Q&A session will also have Mr. Leonardo Linden, CEO of Ipiranga, Mr. Tabajara Portales, CEO of Ultragaz, and Mr. Fulvius Tomelin, CEO of Ultracaga. This call is being recorded and will be accessed through the website ri.ultra.com.br. After the presentation, we are going to start the Q&A session when further instructions will be provided. We'd also like to let you know that this earnings release call will be conducted in Portuguese and there is an option for simultaneous translation available by clicking on Interpretation. For those listening to the call in English, there is also the option of muting original audio. The presentation will be shown in Portuguese and there is a version in English available for download at the company's website or through the chat. Before moving on, we would like to clarify that forward-looking statements that may be made during this call with respect to business prospects, forecasts, operational and financial goals of the company are all based on beliefs and assumptions of the company's board and on currently available information. These forward-looking statements are no guarantee of performance. They involve risks and certainties and they relate to future events and therefore depend on circumstances which may or may not occur. Investors should understand that general economic conditions, the market and other operational factors may affect the future performance of UltraPAR and lead to results which may differ materially from those expressed in these forward-looking statements. I'd like now to hand it over to Mr. Rodrigo Pizzinatto, who will start the presentation. Mr. Pizzinatto, you can start.

Good morning, everyone. It is great to be here with you for another Ultrapar Earnings Conference call. We delivered another quarter of strong operational results at Ultrapar, with significant growth in EBITDA and net income. We achieved a record operating cash flow generation of R$ 4.8 billion, driven by solid operational performance and working capital release at Ipiranga. This significant cash generation contributed to the reduction of our leverage to its lowest level since 2018. This improvement in our results enabled us to anticipate this year's dividend distribution. We approved the distribution of 1 billion and 85 million reais in dividends relating to the first half of the year, equivalent to one real per share or dividend yield of 3.8%, in addition to a share buyback program of up to 18 million shares, returning part of the value created to our shareholders. We also continue to advance our growth and productivity agenda.