Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003845
Chunk: 16

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 16
---
 period ended September 30, 2025, the
Company recognized a R$19 loss within cost of sales, adjusting inventories to net realizable value (a R$ 206 reversal of cost of
sales in the nine-month period ended September 30, 2024).

At September 30, 2025, the Company had pledged
crude oil and oil products volumes as collateral for the Term of Financial Commitment (TFC) related to Pension Plans PPSP-R, PPSP-R Pre-70
and PPSP-NR Pre-70 signed by Petrobras and Fundação Petrobras de Seguridade Social – Petros Foundation in 2008, in
the estimated amount of R$ 4,625 (R$4,712 at December 31, 2024).

| 11. | Trade payables |

|                             |            | Consolidated |            | Parent Company |
|                             | 09.30.2025 |   12.31.2024 | 09.30.2025 |     12.31.2024 |
| Third parties in Brazil     |     23,416 |       22,644 |     22,279 |         21,401 |
| Third parties abroad        |     12,384 |       14,917 |      7,027 |          8,879 |
| Related parties (note 27.1) |        469 |           98 |      9,381 |          9,461 |
| Total                       |     36,269 |       37,659 |     38,687 |         39,741 |

Forfaiting

The Company has a program to encourage the development
of the oil and gas production chain called “Mais Valor”(More Value), operated by a partner company on a 100% digital
platform.

| 29 |

| This interim financial information should be read together with the Company’s audited annual financial statements(Expressed in millions of reais, unless otherwise indicated) |

By using this platform, the suppliers who want
to anticipate their receivables may launch a reverse auction, in which the winner is the financial institution which offers the lowest
discount rate. The financial institution becomes the creditor of invoices advanced by the supplier, and Petrobras pays the invoices on
the same date and under the conditions originally agreed with the supplier.

Invoices are advanced in the “Mais Valor”
program exclusively at the discretion of