Company: PBR
Filing Date: 2025-11-17
Form Type: 6-K
Source: 0001292814-25-004008
Chunk: 8

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-17
Form: 6-K
Chunk 8
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 17,395 |     14,490 |       20.0 |
| Banking Market                                          |      8,836 |      6,519 |       35.5 |
| Development banks                                       |        560 |        508 |       10.2 |
| Export Credit Agencies                                  |      1,201 |      1,508 |      -20.4 |
| Others                                                  |        130 |        137 |       -5.1 |
| Finance debt                                            |     28,122 |     23,162 |       21.4 |
| Lease liability                                         |     42,589 |     37,149 |       14.6 |
| Gross Debt                                              |     70,711 |     60,311 |       17.2 |
| Adjusted Cash and Cash Equivalents                      |     11,658 |      8,071 |       44.4 |
| Net Debt                                                |     59,053 |     52,240 |       13.0 |
| Leverage: Net Debt / (Net Debt + Market Capitalization) |        43% |        39% |       10.3 |
| Average interest rate (% p.a.)                          |        6.7 |        6.8 |       -1.5 |
| Weighted average maturity of outstanding debt (years)   |      11.36 |      12.52 |       -9.3 |

As of September 30, 2025, the Company has maintained
its liability management strategy to improve the debt profile and to adapt to the maturity terms of the Company’s long-term investments.

Gross Debt increased by 17.2% (US$ 10,400 million)
to US$ 70,711 million as of September 30, 2025 from US$ 60,311 million as of December 31, 2024, due to: (i) higher lease liabilities
in the period (a US$ 5,440 million increase), primarily driven by the start-up of the leased FPSO Alexandre de Gusmão (Mero
4), the start-up of the leased FPSO Almirante Tamandaré (Búzios 7), and the extension of the FPSO Cidade de Angra dos Reis
agreement through 2030; and to (ii) higher finance debt (a US$ 4