Company: PBR
Filing Date: 2025-08-08
Form Type: 6-K
Source: 0001292814-25-002974
Chunk: 50

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-08
Form: 6-K
Chunk 50
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 reasonably possible scenario represents the disbursement if there is a 40% change on these rates, keeping all other variables
constant.

| 59 |

| This interim financial information should be read together with the Company’s audited annual financial statements(Expressed in millions of reais, unless otherwise indicated) |

| Risk                                                    |     | Probable scenario | Reasonably possible 
            scenario |
| CDI                                                     |     |             3,847 |               5,386 |
| SOFR 3M (1)                                             |     |               684 |                 884 |
| SOFR 6M (1)                                             |     |               406 |                 482 |
| SOFR O/N (1)                                            |     |               426 |                 596 |
| IPCA                                                    |     |               631 |                 884 |
| TJLP                                                    |     |               352 |                 492 |
| LPR 12M (2)                                             |     |                82 |                 114 |
| TR                                                      |     |                25 |                  35 |
|                                                         |     |             6,453 |               8,873 |
| (1) It represents the Secured Overnight Financing Rate. |     |                   |                     |
| (2) Loan Prime Rate.                                    |     |                   |                     |

| 26.5 | Liquidity risk management |

The company routinely manages the possibility of
insufficient cash to meet its obligations on schedule. Liquidity risk is also mitigated by defining benchmarks for managing cash and financial
investments and by periodically analyzing projected cash flow risks. Monte Carlo simulations quantify key risk factors, such as oil prices,
exchange rates, international gasoline and diesel prices, among others. This allows for a better understanding of the financial requirements
for operational continuity and the execution of the Business Plan.

In this context, Petrobras' consolidated and individual
financial statements, even though they show negative net working capital, do not compromise its liquidity.

Additionally, the company maintains revolving credit
facilities as a liquidity buffer in adverse situations, as per Note 23.5. It regularly assesses market conditions and may repurchase its
securities or those of its subsidiaries in the international capital markets through various means, including repurchase offers, bond
redemptions, and/or open market transactions, provided they are in line with the company's liability management strategy, which aims to
improve the amortization profile and cost of debt.

The expected cash