Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003833
Chunk: 4

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 4
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59,053 44,251 0.8 33.5 33.5 Net debt/LTM Adjusted EBITDA ratio 1.53 1.53 0.95 1.53 0.95
− 61.1 61.1 Average commercial selling rate for US dollar 5.45 5.67 5.55 5.65 5.24 (3.9) (1.8) 7.8 Brent crude (US$/bbl) 69.07 67.82
80.18 70.85 82.79 1.8 (13.9) (14.4) Price of basic oil products - Domestic Market (US$/bbl) 84.54 82.96 88.10 84.68 91.76 1.9 (4.0) (7.7)
ROCE (Return on Capital Employed) 5.7% 6.0% 9.2% 5.7% 9.2% -0,3 p.p. -3,5 p.p. -3,5 p.p. (*) See reconciliation of net income and adjusted
EBITDA excluding one-off events. Performance Report 3Q25 I 7 CONSOLIDATE RESULTS Consolidated results In 3Q25, our solid operational performance
contributed positively to Petrobras' financial results. Adjusted EBITDA, excluding one-off events, reached US$12.0 billion, while net
income, also excluding these events, was $5.2 billion. Adjusted EBITDA, excluding one-off events, increased 16.8% compared to 2Q25, mainly
driven by the growth in oil production and oil exports and higher domestic sales of oil products, with a notable 12.2% rise in diesel
sales. Additionally, results benefited from higher oil prices, reflecting a 2% appreciation in Brent prices, and from lower operational
expenses, which in 2Q25 were impacted by the Production Individualization Agreement (AIP) of the Jubarte Shared Reservoir. Net income
excluding one-off events grew 27.7% compared to 2Q25. Net income including one-off events amounted to $6.0 billion, driven by weaker financial
results due to the lower appreciation of the BRL against the USD dollar in 3Q25, partially offset by lower operational expenses due