Company: PBR
Filing Date: 2025-05-15
Form Type: 6-K
Source: 0001292814-25-002093
Chunk: 12

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-15
Form: 6-K
Chunk 12
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 segment are subject to possible changes once the final report from the Chamber of Electric Energy Commercialization - CCEE is issued. 
 (4) Previous quarter number revised after the issuance                                                                                
 of the final report from the Chamber of Electric Energy Commercialization - CCEE.                                                     |       |       |       |                   |             |

In 1Q25, the gross profit
of the G&LCE segment decreased 37.2% compared to 4Q24, mainly due to the accounting of revenues from contractual commitments in 4Q24,
the reduction of 8 MM m³/day in the volume of natural gas sold by Petrobras, and the termination of energy contracts in the regulated
market. The reduction in the volume of natural gas sales was caused by lower demand in both the thermal segment (reflecting a more balanced
hydrological scenario) and the non-thermal segment (combined with a greater share of other players in this market).

The reduction in gross profit
impacted the operating income, despite lower operating expenses compared to 4Q24, resulting from provisions for fines in energy contracts
accounted for in that quarter and the reimbursement in 1Q25 of amounts previously paid by Petrobras in a prior year, associated with transportation
service provision, as a result of the application of the regulatory account mechanism.

| Performance Report 1Q25 I 17 |

RECONCILIATION OF ADJUSTED EBITDA

Reconciliation of Adjusted EBITDA

EBITDA is an indicator calculated as the
net income for the period plus taxes on profit, net financial result, depreciation and amortization. Petrobras announces EBITDA, as authorized
by CVM Resolution No. 156, of June 2022.

In order to reflect the management view
regarding the formation of the company's current business results, EBITDA is also presented adjusted (Adjusted EBITDA) as a result of:
results in equity-accounted investments; impairment, results with co-participation agreement in production fields and gains/losses on
disposal/write-offs of assets.

Adjusted EBITDA, reflecting the sum of
the last twelve months (Last Twelve Months), also represents an alternative to the company's operating cash generation. This measure is
used to calculate the Gross Debt and Net Debt to Adjusted EBITDA metric, helping to evaluate the company's leverage and liquidity.

EBITDA and adjusted EBITDA are not provided for in IFRSAccounting Standards and should not