Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003833
Chunk: 19

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 19
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 530 (73.9) (78.9) (84.3) Adjusted EBITDA of the segment 203 236
299 526 1,161 (14.0) (32.1) (54.7) EBITDA margin of the segment (%) (1) 9 11 13 8 17 (2) (4) (8) ROCE (Return on Capital Employed) (%)
(1) 0.4 1.1 6.2 0.4 6.2 (1) (6) (6) Natural gas sales price - Brazil (US$/bbl) 54.17 58.65 59.61 56.41 63.74 (7.6) (9.1) (11.5) Natural
gas sales price - Brazil (US$/MMBtu) 9.13 9.89 10.05 9.51 10.75 (7.7) (9.2) (11.5) Fixed revenues from power auctions (2)(3) 59.94 29.98
56.56 118.80 182.15 99.9 6.0 (34.8) Average electricity sales price (US$/MWh) (2)(3) 43.86 35.83 73.48 40.28 62.79 22.4 (40.3) (35.8)
(1) EBITDA margin and ROCE variations in percentage points. (2) The fixed revenue from auctions takes into account the remuneration for
thermal availability and inflexible electricity committed in auctions. (3) For the current period, the figures for the Energy segment
are subject to possible changes once the final report from the Chamber of Electric Energy Commercialization - CCEE is issued. In 3Q25,
sales revenues were 4.3% higher than in 2Q25, due to higher natural gas sales volumes, higher energy generation, and the early start,
in August 2025, of TermoRio and Ibirité Thermal Power Plants contracts from the 2021 Capacity Reserve Auction by Power, initially
scheduled to start in July 2026. On the other hand, in 3Q25, gross profit decreased by 10.9% compared to 2Q25, due to the lower average
gas sales price, mainly impacted by