Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002980
Chunk: 12

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 12
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.96 |  86.58 |  91.34 |  84.75 |  93.70 |              -4.2 |        -9.2 |        -9.5 |
| (1) Changes in EBITDA and ROCE margins in percentage points.    |        |        |        |        |        |                   |             |             |

RTM gross profit
for 2Q25 was in line with 1Q25. Considering the impact of inventory turnover of US$ 322 million in 2Q25 and -US$ 288 million in 1Q25,
gross profit would have been US$ 1.5 billion in 2Q25 and US$ 0.9 billion in 1Q25.

There was an increase
in sales volumes, mainly gasoline, due to higher competitiveness compared to ethanol, and LPG, driven by the typical demand seasonality
of the second quarter with lower temperatures.

Operating income
in 2Q25 was lower than in 1Q25, reflecting higher sales expenses due to the increased oil exports.

The refining cost per barrel, in dollars, in 2Q25 was 13% higher than in 1Q25, mainly due to a 14% increase in absolute costs of materials and maintenance services. The resumption of activities in the RNEST refinery partially offset these effects, contributing to a 1.3% increase in refinery throughput in 2Q25.

| Performance Report 2Q25 I 17 |

Gas and Low Carbon Energies

Table 9 – G&LCE results

|                                                                                                                               |       |       |       |        |        | Variation (%) (1) |             |             |
| US$ million                                                                                                                   |  2Q25 |  1Q25 |  2Q24 |   1H25 |   1H24 |       2Q25 X 1Q25 | 2Q25 X 2Q24 | 1H25 X 1H24 |
| Sales revenues                                                                                                                | 2,176 | 1,860 | 2,198 |  4,036 |  4,620 |              17.0 |        -1.0 |       -12.6 |
| Gross profit                                                                                                                  | 1,032 |   735 | 1,102 |  1,767 |  2,347 |              40.