Company: PBR
Filing Date: 2025-11-17
Form Type: 6-K
Source: 0001292814-25-004008
Chunk: 3

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-17
Form: 6-K
Chunk 3
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 lower logistical expenses related to natural gas transportation.

Exploration costs were US$ 746 million
for the period Jan-Sep/2025, a 4.3% increase (US$ 31 million) compared to US$ 715 million for the period Jan-Sep/2024, mainly
due to a write-off of exploration expenditures related to blocks C-M-753 and C-M-789 in the Campos Basin, following management assessment
that determined the projects were not economically feasible, leading to the decision to discontinue their development.

Other taxes were US$ 399 million for
the period Jan-Sep/2025, a 65.1% decrease (US$ 744 million) compared to US$ 1,143 million for the period Jan-Sep/2024, mainly
due to enrollment to the tax settlement program in Jun/24, which enabled the resolution of significant legal disputes concerning the taxation
of remittances abroad involving chartering of vessels or platforms and their respective service contracts.

Net finance income (expense)

| US$ million                                                          | Jan-Sep/2025 | Jan-Sep/2024 | Change 
    (%) |
| Finance income                                                       |        1,056 |        1,520 |  -30.5 |
| Income from investments and marketable securities (Government Bonds) |          764 |        1,175 |  -35.0 |
| Other finance income                                                 |          292 |          345 |  -15.4 |
| Finance expenses                                                     |       -3,167 |       -4,885 |  -35.2 |
| Interest on finance debt                                             |       -1,575 |       -1,628 |   -3.3 |
| Unwinding of discount on lease liability                             |       -1,953 |       -1,648 |   18.5 |
| Capitalized borrowing costs                                          |        1,446 |        1,157 |   25.0 |
| Unwinding of discount on the provision for decommissioning costs     |         -984 |         -772 |   27.5 |
| Tax settlement programs - federal taxes                              |            − |       -1,804 |      − |
| Other finance expenses                                               |         -101 |         -190 |  -46.8 |
| Foreign exchange gains (losses) and inflation indexation charges     |        5,145 |       -5,724 |      − |
| Foreign exchange gains (