Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002980
Chunk: 14

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 14
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 |   -55 |   -12 |     -1 |       − |    -82 |
| Impairment of assets (reversals), net                 |     54 |    -4 |     − |      − |       − |     50 |
| Results on disposal/write-offs of assets              |    -32 |     1 |    -2 |    -24 |       − |    -57 |
| Results from co-participation agreements in bid areas |    -70 |     − |     − |      − |       − |    -70 |
| Adjusted EBITDA                                       |  9,965 | 1,069 |    87 |   -838 |     163 | 10,446 |

| Performance Report 2Q25 I 37 |

Glossary

A

Adjusted cash and cash equivalents: Sum of cash and cash equivalents and investments in securities in domestic and international markets that have high liquidity, i.e., convertible into cash within 3 months, even if maturity is longer than 12 months, held for the purpose of complying with cash commitments. 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 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.

Adjusted EBITDA: Adjusted EBITDA (a non-GAAP measure defined as net income plus net finance income (expense); income taxes; depreciation, depletion and amortization; results in equity-accounted investments; impairment of assets (reversals); results on disposal/write-offs of assets, remeasurement of investment retained with loss of control and reclassification of CTA; and results from co-participation agreements in bid areas).

Adjusted EBITDA margin: Adjusted EBITDA divided by sales revenues.

Average capital employed: quarterly average considering inventories, intangibles and fixed assets at historical exchange rates.

C

CAPEX – Capital Expenditure: investments that encompasses acquisition of property, plant, and equipment, including costs with leasing, intangible assets, investments in subsidiaries and affiliates, costs with geology and geophysics and pre-operating costs.

E

Exploration & Production (E&P): The segment covers the exploration, development and production of crude oil, NGL and natural gas in Brazil and abroad, with the