Ownership Structure
| Shareholder | Common shares | % of total |
|---|---|---|
| Ultra Logística Ltda. | 748,242,700 | 55.002% |
| Alaska Investimentos | 203,542,738 | 14.962% |
| Pátria Infraestrutura IV FIP Multiestratégia | 78,500,846 | 5.770% |
| Treasury | 0 | 0.000% |
| Other | 330,096,359 | 24.265% |
| TOTAL HBSA3 | 1,360,382,643 | 100.000% |
Date: January 28, 2026
Source: Company’s Reference Form
Corporate Structure
