Company: PBR
Filing Date: 2025-05-15
Form Type: 6-K
Source: 0001292814-25-002093
Chunk: 4

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-15
Form: 6-K
Chunk 4
---
 Report 1Q25 I 6 |

CONSOLIDATE RESULTS

Consolidated results

In 1Q25, the Adjusted EBITDA excluding
one-off events reached US$ 10.7 billion, while net income, also excluding one-off events, was US$ 4.0 billion.

Adjusted EBITDA excluding one-off events
increased by 8% compared to 4Q24, mainly driven by the increase in oil production, higher oil sales in the foreign and domestic markets,
and the higher diesel crack spreads.

Net income excluding one-off events increased
by 30.7% compared to 4Q24. Considering one-off events, net income reached US$ 6.0 billion due to improved financial results, which was
positive at US$ 1.7 billion, benefiting from a 7% appreciation of the exchange rate at the end of the period, reflecting the effects of
currency variation on the debts between Petrobras and its overseas subsidiaries.

| Performance Report 1Q25 I 7 |

ONE-OFF EVENTS

One-off events

Table 2 – One-off events

|                                                                                                                                                                                                                                                                        |        |        |        | Variation (%) |             |
| US$ million                                                                                                                                                                                                                                                            |   1Q25 |   4Q24 |   1Q24 |   1Q25 X 4Q24 | 1Q25 X 1Q24 |
| Net income (loss)                                                                                                                                                                                                                                                      |  5,995 | -2,766 |  4,805 |             − |        24.8 |
| Items with one-off events                                                                                                                                                                                                                                              |  2,948 | -8,880 |   -974 |             − |           − |
| Items with one-off events that do not affect                                                                                                                                                                                                                           
 Adjusted EBITDA                                                                                                                                                                                                                                                        |  3,154 | -6,166 |   -676 |             − |           − |
| Impairment of assets and investments                                                                                                                                                                                                                                   |    -50 | -1,579 |     26 |         -96.8 |           − |
| Gains and losses on disposal/write-offs of assets                                                                                                                                                                                                                      |     57 |     39 |    162 |          46.2 |       -64.8 |
| Results from co-participation agreements in bid areas                                                                                                                                                                                                                  |     70 |    156 |     48 |         -55.1 |        45.