Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003833
Chunk: 12

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 12
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7,531 11,307 25,885 29,780 Acquisition of PP&E and intangible assets (4,887) (4,084)
(4,443) (12,933) (10,215) Acquisition of equity interests (2) (2) (7) (4) (13) Free cash flow (*) 4,967 3,445 6,857 12,948 19,552 (*)
Free cash flow (FCF) is in accordance with the new Shareholder Remuneration Policy (“Policy”) approved on 07/28/2023 and corresponds
to operating cash flow minus acquisitions of property, plant and equipment, intangible assets and equity interests. Performance Report
3Q25 I 15 LIQUIDITY AND CAPITAL RESOURCES As of September 30, 2025, cash and cash equivalents totaled US$ 9.0 billion, while adjusted
cash and cash equivalents totaled US$ 11.7 billion. In 3Q25, funds generated by operating activities reached US$ 9.9 billion and free
cash flow was US$ 5.0 billion. Additionally, during the period, the Company borrowed US$ 2.2 billion. The operational cash generation,
combined with the financing activities carried out in 3Q25, was primarily used to: (a) fund investments (US$ 4.9 billion), (b) amortize
lease liabilities (US$ 2.4 billion), (c) remunerate shareholders (US$ 2.0 billion), and (d) amortize principal and interest due during
the period (US$ 0.9 billion). In 3Q25, the company paid off various loans and financial debts amounting to US$ 0.9 billion, and raised
US$ 2.2 billion, notably through: (a) funding from the domestic banking market totaling US$ 0.3 billion; and (b) international capital
market issuance (global notes) with maturities in 2030 and 2036 in the amount of US$ 2.0 billion. Performance Report 3Q25 I 16 DEBT METRICS
Debt metrics As of September 30, 2025, gross debt reached US$ 70.7 billion, representing an increase of 3.9% compared to June 30, 2025,
mainly due to the funding activities carried out during 3Q25