Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002980
Chunk: 4

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 4
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0,5 p.p. |   -3,8 p.p. |   -3,8 p.p. |
| (*) See reconciliation of net income and adjusted EBITDA without one-off events.                        |        |        |        |        |        |               |             |             |

| Performance Report 2Q25 I 6 |

Consolidated results

In 2Q25, we delivered consistent
results, and higher oil production was the highlight. Adjusted EBITDA without one-off events reached US$ 10.2 billion in the quarter,
while net income without one-off events totaled US$ 4.1 billion.

Adjusted EBITDA without
one-off events in 2Q25 was 4% lower than 1Q25, reflecting a 10% decline in Brent prices and higher operational expenses, mainly driven
by costs related to the Production Individualization Agreement1
of the Jubarte Shared Reservoir. These negative effects were partially offset by a higher volume of oil sold.

Net income without one-off events
was 1.8% higher compared to 1Q25. Including one-off events, reported net income totaled US$ 4.7 billion, a reduction of 21% compared to
the 1Q25, mainly due to a lower contribution from foreign-exchange gains.

1
The cash impacts on the company are expected for 3Q25. The reimbursement of investments made by Petrobras (amounts under negotiation)
will be deducted from the final payment.

| Performance Report 2Q25 I 7 |

One-off events

Table 2 – One-off events

|                                                                                                                                                                                                                                                    |      |        |      |        |      |        |      |        |        | Variation (%) |             |             |
| US$ million                                                                                                                                                                                                                                        | 2Q25 |        | 1Q25 |        | 2Q24 |        | 1H25 |        |   1H24 |   2Q25 X 1Q25 | 2Q25 X 2Q24 | 1H25 X 1H24 |
| Net income (loss)                                                                                                                                                                                                                                  |      |  4,757 |      |  5,995 |      |   -325 |      | 10,752 |  4,480 |         -20.7 |           − |       140.0 |
| Items with one-off events                                                                                                                                                                                                                          |      |    958