Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000660
Chunk: 19

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 19
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 |              -3.1 |        -7.8 |        -8.7 |
| Fixed revenues from power auctions (3)(4)                                                                                          |    57 |    61 |    89 |    182 |    258 |              -8.0 |       -36.6 |       -29.3 |
| Average electricity sales price (US$/MWh) (4)(5)                                                                                   | 73.55 | 28.11 | 18.63 |  62.83 |  14.23 |             161.7 |       294.8 |       341.7 |
| (1) EBITDA margin and ROCE variations in percentage points.                                                                        
 (2) 3Q24 and 4Q23 figure revised due to the reclassification of fertilizer                                                         
 assets that left the G&LCE and were migrated to the RTM in 2023 and, until then, were not fully reflected in the ROCE calculation. 
 (3) The fixed revenue from auctions takes into account the remuneration                                                            
 for thermal availability and inflexible electricity committed in auctions.                                                         
 (4) For the current period, the figures for the Energy segment are subject                                                         
 to possible changes once the final report from the Chamber of Electric Energy Commercialization - CCEE is issued.                  
 (5) Previous quarter number revised after the issuance of the final report                                                         
 from the Chamber of Electric Energy Commercialization - CCEE.                                                                      |       |       |       |        |        |                   |             |             |

In 2024, the gross profit was
17% lower than in 2023, reflecting lower volumes and gas selling prices, resulting from the opening of the natural gas market, the reduction
in market share and the measures taken to preserve Petrobras's competitiveness, such as the performance premium that has been implemented
since June. The terminations of energy contracts, both in the regulated and free markets, also contributed to the drop in the annual gross
profit.

On the other hand, in 4Q24, the
segment's gross profit was 21% higher than in 3Q24, due to the accounting of revenues from annual contractual commitments in December
2024. This increase in revenues offset the reduction in the average selling price of natural gas, resulting from exchange rate fluctuations
and lower Brent prices.

| PETROBRAS | Performance Report | 4Q24 | 20 |

Reconciliation