Ownership Structure
| Shareholder | Common shares | % of total |
|---|---|---|
| Ultra Logística Ltda. | 816,281,400 | 60.00% |
| Alaska Investimentos | 203,542,738 | 14.96% |
| Pátria Infraestrutura IV FIP Multiestratégia | 78,500,846 | 5.77% |
| Treasury | 0 | 0.00% |
| Other | 262,057,659 | 19.26% |
| TOTAL HBSA3 | 1,360,382,643 | 100.000% |
Date: April 10, 2026
Source: Company’s Reference Form
Corporate Structure
