Ownership Structure
| Shareholder | Common shares | % of total |
|---|---|---|
| Ultra Logística Ltda. | 748,242,700 | 55.002% |
| Alaska Investimentos | 256,640,801 | 18.865% |
| Pátria Infraestrutura IV FIP Multiestratégia | 78,500,846 | 5.770% |
| Treasury | 0 | 0.000% |
| Other | 276,998,296 | 20.362% |
| TOTAL HBSA3 | 1,360,382,643 | 100.000% |
Date: September 22, 2025
Source: Company’s Reference Form
Corporate Structure
