Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003847
Chunk: 44

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 44
---
DENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTSPETROBRAS(Expressed in millions of US Dollars, unless otherwise indicated) |

|                                         | Jan-Sep/2025 | Jan-Sep/2024 |
| Opening balance                         |      -30,845 |      -18,210 |
| Recognized in equity                    |       10,105 |       -7,397 |
| Reclassified to the statement of income |        1,659 |        2,118 |
| Other comprehensive income (loss)       |       11,764 |       -5,279 |
| Closing balance                         |      -19,081 |      -23,489 |

Additional hedging relationships may be revoked
or additional reclassification adjustments from equity to the statement of income may occur as a result of changes in forecasted export
prices and export volumes following future revisions of the Company’s business plans. A sensitivity analysis considering a US$ 10/barrel
decrease in Brent prices stress scenario, when compared to the Brent price projections in the Business Plan 2025-2029, would not indicate
a reclassification from equity to the statement of income.

A schedule of expected reclassification of cumulative
foreign exchange rate losses recognized in other comprehensive income to the statement of income as of September 30, 2025, is set out
below:

|                      |   2025 |   2026 |   2027 |   2028 |   2029 | 2030 onwards |   Total |
| Expected realization | -1,562 | -5,581 | -5,947 | -3,762 | -3,299 |        1,070 | -19,081 |

| b) | Derivative financial instruments    
 not designated for hedge accounting |

In September 2019, Petrobras contracted a cross-currency
swap aiming to protect against exposure arising from the 7 issuance of debentures, for IPCA x CDI operations, maturing in
September 2029 and September 2034, and for CDI x U.S. Dollar operations, maturing in September 2029.

The methodology used to calculate the fair value
of this swap operation consists of calculating the future value of the operations, using rates agreed in each contract and the projections
of the interest rate curves, IPCA coupon and foreign exchange coupon, discounting to present value using the risk-free rate. Curves are
obtained from Bloomberg based