Company: PBR
Filing Date: 2025-05-28
Form Type: 6-K
Source: 0001292814-25-002246
Chunk: 1

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-28
Form: 6-K
Chunk 1
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idity and Capital Resources, Reconciliation of LTM Adjusted EBITDA, Net Debt/LTM Adjusted EBITDA Metrics
and Consolidated Debt.

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TABLE OF CONTENTS

| CONSOLIDATED RESULTS                                                                                                                                                                                                             |    |
| Key Financial Information                                                                                                                                                                                                        |  4 |
| Sales Revenues                                                                                                                                                                                                                   |  4 |
| Cost of Sales                                                                                                                                                                                                                    |  5 |
| Income (Expenses)                                                                                                                                                                                                                |  5 |
| Net finance (expense) income                                                                                                                                                                                                     |  6 |
| Income taxes                                                                                                                                                                                                                     |  6 |
| Net Income attributable to shareholders of Petrobras                                                                                                                                                                             |  6 |
| CAPITAL EXPENDITURES (CAPEX)                                                                                                                                                                                                     |  7 |
| LIQUIDITY AND CAPITAL RESOURCES                                                                                                                                                                                                  |  8 |
| CONSOLIDATED DEBT                                                                                                                                                                                                                |  9 |
| RECONCILIATION OF ADJUSTED EBITDA, LTM ADJUSTED EBITDA AND NET DEBT/LTM ADJUSTED EBITDA METRICS                                                                                                                                  |    |
| Adjusted EBITDA and Net cash provided by operating activities – OCF                                                                                                                                                              | 10 |
| LTM Adjusted EBITDA                                                                                                                                                                                                              | 11 |
| Adjusted Cash and Cash Equivalents, Gross Debt, Net Debt, Net Cash provided by Operating Activities (LTM OCF), LTM Adjusted EBITDA, Gross Debt Net of Cash and Cash Equivalents/LTM OCF and Net Debt/LTM Adjusted EBITDA Metrics | 12 |
| RESULTS BY OPERATING BUSINESS SEGMENTS                                                                                                                                                                                           |    |
| Exploration and Production (E&P)                                                                                                                                                                                                 | 13 |
| Refining, Transportation and Marketing                                                                                                                                                                                           | 14 |
| Gas and Low Carbon Energies                                                                                                                                                                                                      | 15 |
| GLOSSARY                                                                                                                                                                                                                         | 16 |

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CONSOLIDATED RESULTS

The main functional currency of the Petrobras Group (the
“Company”) is the Brazilian real, which is the functional currency of the parent company and its Brazilian subsidiaries. As
the presentation currency of the Petrobras Group is the U.S. dollar, the results of operations in Brazilian reais are translated into
U.S. dollars using the average exchange rates prevailing during the period (average exchange rate of R$/US$ 5.85 in Jan-Mar/2025
compared to R$/US$ 4.95 in Jan-Mar/202