Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003833
Chunk: 18

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 18
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.0) (7.7) (1) Changes in EBITDA and ROCE
margins in percentage points. RTM gross profit in 3Q25 was US$ 404 million higher than in 2Q25. Considering the inventory turnover of
US$ 277 million in 3Q25 and US$ 322 million in 2Q25, gross profit would have been US$ 1.9 billion and US$ 1.5 billion, respectively. The
highlights of the quarter were the increased oil exports, higher margins on diesel and jet fuel, in line with higher international margins,
and higher domestic sales volumes, especially diesel, reflecting the typical seasonality of the quarter with harvest growth and stronger
industrial activity. Operating income in 3Q25 was higher than in 2Q25, explained by higher gross profit and lower operating expenses due
to the reversal of impairment of the Boaventura Energies Complex. The refining cost per barrel in 3Q25 was in line with 2Q25 (+0.3%),
despite the increase in absolute costs (+5%) impacted by the appreciation of the BRL against the USD in 3Q25 and by the provision for
the Collective Bargaining Agreement, offset by the higher refinery throughput in 3Q25 (+5%). Performance Report 3Q25 I 20 RESULTS BY SEGMENT
Gas and Low Carbon Energies Table 9 – G&LCE results Variation (%) (1) US$ million 3Q25 2Q25 3Q24 9M25 9M24 3Q25 X 2Q25 3Q25
X 3Q24 9M25 X 9M24 Sales revenues 2,270 2,176 2,341 6,306 6,961 4.3 (3.0) (9.4) Gross profit 919 1,032 970 2,686 3,317 (10.9) (5.3) (19.0)
Operating expenses (868) (914) (801) (2,561) (2,557) (5.0) 8.4 0.2 Operating income (loss) 51 118 169 125 760 (56.8) (69.8) (83.6) Net
income (loss) attributable to the shareholders of Petrobras 23 88 109 83