Company: PBR
Filing Date: 2025-08-22
Form Type: 6-K
Source: 0001292814-25-003142
Chunk: 13

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-22
Form: 6-K
Chunk 13
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As a result of lower demand, there was a decrease in natural gas imports.

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GLOSSARY

ACL -Ambiente de Contratação Livre
(Free contracting market) in the electricity system.

ACR -Ambiente de Contratação Regulada
(Regulated contracting market) in the electricity system.

Adjusted Cash and Cash Equivalents -Sum of cash and
cash equivalents, government bonds, bank deposit certificates and time deposits with maturities of more than 3 months from the date of
acquisition, considering the expected realization of those financial investments in the short-term. This measure is not defined under
the IFRS Accounting Standards and should not be considered in isolation or as a substitute for cash and cash equivalents computed in accordance
with the IFRS Accounting Standards. It may not be comparable to adjusted cash and cash equivalents of other companies. However, management
believes that it is an appropriate supplemental measure to assess our liquidity and supports leverage management and uses this measure
in the calculation of Net Debt.

Adjusted EBITDANet income plus net finance income
(expense); income taxes; depreciation, depletion and amortization; results in equity-accounted investments; impairment; results on disposal/write-offs
of assets; and results from co-participation agreements in bid areas. Adjusted EBITDA is not a measure defined by the IFRS Accounting
Standards and it is possible that it may not be comparable to similar measures reported by other companies. However, management believes
that it is an appropriate supplemental measure to assess our liquidity and supports leverage management.

ANP -Brazilian National Petroleum, Natural Gas and Biofuels
Agency.

Average Domestic basic oil products price (US$/bbl) -
represents Petrobras' domestic sales revenues per unit of basic oil products, which are: diesel, gasoline, LPG, jet fuel, naphtha and
fuel oil.

Capital Expenditures – Capital
expenditures based on the cost assumptions and financial methodology adopted in our Business Plan, which include acquisition of PP&E
and intangible assets, acquisition of equity interests, as well as other items that do not necessarily qualify as cash flows used in investing
activities, comprising geological and geophysical expenses, research and development expenses, pre-operating charges, purchase of property,
plant and equipment on credit and borrowing costs directly attributable to works in progress.

CTA – Cumulative translation adjustment –
The cumulative amount of exchange variation arising on translation of foreign operations that is recognized