Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002980
Chunk: 13

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 13
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.57 | 28.11 |  37.84 |  39.93 |             -12.0 |        27.1 |        -5.2 |
| (1) EBITDA margin and ROCE variations in percentage points.                                                                   
 (2) The fixed revenue from auctions takes into account the remuneration                                                       
 for thermal availability and inflexible electricity committed in auctions.                                                    
 (3) For the current period, the figures for the Energy segment                                                                
 are subject to possible changes once the final report from the Chamber of Electric Energy Commercialization - CCEE is issued. |       |       |       |        |        |                   |             |             |

In 2Q25, gross
profit increased by 40.4% compared to 1Q25, mainly due to: i) the increase in natural gas sales, driven by Petrobras' increased participation
in the free market, offering a more competitive product portfolio and seeking to build customer loyalty; ii) the increased processing
of domestic gas due to the higher supply of natural gas from the new infrastructures associated with Pre-salt Route 3; iii) the reduction
in import costs, due to the higher volume of domestic gas in the supply mix, replacing imported gas.

The growth in gross
profit positively impacted operating income, despite higher operating expenses.

| Performance Report 2Q25 I 18 |

Reconciliation of Adjusted EBITDA

EBITDA is an indicator calculated
as the net income for the period plus taxes on profit, net financial result, depreciation and amortization. Petrobras announces EBITDA,
as authorized by CVM Resolution No. 156, of June 2022.

In order to reflect the management
view regarding the formation of the company's current business results, EBITDA is also presented adjusted (Adjusted EBITDA) as a result
of: results in equity-accounted investments; impairment, results with co-participation agreement in production fields and gains/losses
on disposal/write-offs of assets.

Adjusted EBITDA, reflecting
the sum of the last twelve months (Last Twelve Months), also represents an alternative to the company's operating cash generation. This
measure is used to calculate the Gross Debt and Net Debt to Adjusted EBITDA metric, helping to evaluate the company's leverage and liquidity.

EBITDA and adjusted EBITDA are not provided for in IFRSAccounting Standards and should not serve as a basis for comparison with those disclosed