Company: PBR
Filing Date: 2025-05-15
Form Type: 6-K
Source: 0001292814-25-002093
Chunk: 1

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-15
Form: 6-K
Chunk 1
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", "expects", "predicts", "intends", "plans", "projects", "aims", "should", as well as other similar terms, are intended to identify such forecasts, which, of course, involve risks and uncertainties foreseen or not foreseen by the company and, consequently, are not guarantees of the company's future results. Therefore, future results of the company's operations may differ from current expectations, and the reader should not rely solely on the information contained herein. The Company undertakes no obligation to update the presentations and forecasts in the light of new information or future developments. The figures reported for 2Q25 onwards are estimates or targets. Additionally, this presentation contains some financial indicators that are not recognized under BR GAAP or IFRS Accounting Standards. These indicators do not have standardized meanings and may not be comparable to indicators with a similar description used by other companies. We provide these indicators because we use them as measures of the company's performance; they should not be considered in isolation or as a substitute for other financial metrics that have been disclosed in accordance with BR GAAP or IFRS Accounting Standards. See definitions of Free Cash Flow, Adjusted EBITDA and Net Debt in the Glossary and respective reconciliations in the Liquidity and Capital Resources, Reconciliation of Adjusted EBITDA and Net Debt sections. Consolidated financial information prepared in accordance with International Accounting Standard and audited by the independent auditors.

| Performance Report 1Q25 I 3 |

HIGHLIGHTS

Highlights – 1Q25

“The first quarter of 2025 was marked by positive results
that reflect Petrobras' strong performance. We generated a higher cash flows, mainly due to a 5% increase in production volume compared
to the previous quarter. This production growth was reflected in Adjusted EBITDA, which rose 46% compared to 4Q24.”

Fernando Melgarejo, Chief Financial Officer and Investor Relations Officer

Main financial highlights

| • | Maintenance of strong cash generation with Operating Cash Flow of US$ 
 8.5 billion and Free Cash Flow of US$ 4.5 billion in 1Q25             |

| • | Consistent results: excluding one-off events, Adjusted EBITDA was US$ 
 10.7 billion and net income was US$ 4 billion                         |

| • | Capex of US$ 4.1 billion in 1Q25, 29.1% lower than 4Q24