Company: PBR
Filing Date: 2025-11-17
Form Type: 6-K
Source: 0001292814-25-004008
Chunk: 15

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-17
Form: 6-K
Chunk 15
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14 |

Gas and Low Carbon Energies

Financial information

| US$ million                                              | Jan-Sep/2025 | Jan-Sep/2024 | Change (%) |
| Sales revenues                                           |        6,306 |        6,961 |       -9.4 |
| Gross profit                                             |        2,686 |        3,317 |      -19.0 |
| Income (expenses)                                        |       -2,561 |       -2,557 |        0.2 |
| Operating income                                         |          125 |          760 |      -83.6 |
| Net income attributable to the shareholders of Petrobras |           83 |          530 |      -84.3 |
| Average natural gas sales price – Brazil (US$/bbl)       |        56.41 |        63.74 |      -11.5 |

In Jan-Sep/2025, the sales revenues reduction in relation
to Jan-Sep/2024 was due to the lower average natural gas sales prices due to the decrease in the Brent price, the lower volume of natural
gas sold to non-thermoelectric segment, the entry of new agents in this market and the expiration of thermal availability contracts.

The lower operating profit in Jan-Sep/2025 compared to
Jan-Sep/2024 is mainly due to the lower gross profit, as expenses remained stable.

Operational information

|                                                           | Jan-Sep/2025 | Jan-Sep/2024 | Change (%) |
| Capacity obligation awarded in the Capacity               
 Reserve Auction (MW) (1)                                  |          250 |            - |          - |
| Sale of Thermal Availability at Auction (ACR)- Average MW |          713 |        1,169 |      -39.0 |
| Sale of electricity - average MW                          |          761 |          648 |       17.4 |
| National gas delivered - million m³/day                   |           34 |           30 |       13.3 |
| Regasification of liquefied natural gas - million m³/day  |            1 |            4 |      -75.0 |
| Import of natural gas from Bolivia - million m³/day       |            9 |           14 |      -35.7 |

(1) Effective as of August 2025, according to the First
Capacity Reserve Auction held in 2021.

The start-up of Ibirité and Termorio thermal
power plants