Company: PBR
Filing Date: 2025-05-28
Form Type: 6-K
Source: 0001292814-25-002246
Chunk: 13

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-28
Form: 6-K
Chunk 13
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 Thermal Availability at Auction (ACR)- Average MW |          714 |        1,186 |      -39.8 |
| Sale of electricity - average MW                          |          606 |          442 |       37.1 |
| National gas delivered - million m³/day                   |           29 |           30 |       -3.3 |
| Regasification of liquefied natural gas - million m³/day  |            1 |            3 |      -66.7 |
| Import of natural gas from Bolivia - million m³/day       |           11 |           15 |      -26.7 |

In Jan-Mar/2025, Petrobras thermal availability
sales decreased by 39.8% compared to Jan-Mar/2024, due to the expiration of contracts. In the same period, energy sales increased by 37.1%
due to a less favorable hydrological scenario and with the increase in electricity export opportunities.

On the natural gas supply side, domestic gas
production in Jan-Mar/2025 remained stable compared to Jan-Mar/2024, operational events mitigated the effect of the greater availability
of gas from Route 3 pipeline. As a result of lower demand, there was a decrease in natural gas imports.

| 15 |

| GLOSSARY                                                                                                                                            
 ACL - Ambiente de Contratação                                                                                                                       
 Livre (Free contracting market) in the electricity system.                                                                                          
 ACR - Ambiente de Contratação                                                                                                                       
 Regulada (Regulated contracting market) in the electricity system.                                                                                  
 Adjusted Cash and Cash Equivalents - Sum of                                                                                                         
 cash and cash equivalents, government bonds, bank deposit certificates and time deposits with maturities of more than 3 months from the             
 date of acquisition, considering the expected realization of those financial investments in the short-term. This measure is not defined             
 under the IFRS Accounting Standards and should not be considered in isolation or as a substitute for cash and cash equivalents computed             
 in accordance with the IFRS Accounting Standards. It may not be comparable to adjusted cash and cash equivalents of other companies. However,       
 management believes that it is an appropriate supplemental measure to assess our liquidity and supports leverage management and uses this           
 measure in the calculation of Net Debt.                                                                                                             
 Adjusted EBITDA Net income plus net finance (expense)                                                                                               
 income; income taxes; depreciation, depletion and amortization; results in equity-accounted investments; impairment; results on