Company: PBR
Filing Date: 2025-08-22
Form Type: 6-K
Source: 0001292814-25-003142
Chunk: 12

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-22
Form: 6-K
Chunk 12
---
 4,620 |      -12.6 |
| Gross profit                                             |        1,767 |        2,347 |      -24.7 |
| Income (expenses)                                        |       -1,693 |       -1,756 |       -3.6 |
| Operating income                                         |           74 |          591 |      -87.5 |
| Net income attributable to the shareholders of Petrobras |           60 |          421 |      -85.7 |
| Average natural gas sales price – Brazil (US$/bbl)       |        57.73 |        65.88 |      -12.4 |

In Jan-Jun/2025, the sales revenues reduction in relation
to Jan-Jun/2024 was due to the lower average natural gas sales price due to the drop 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 income in Jan-Jun/2025 compared to
Jan-Jun/2024 is mainly due to the lower gross profit despite lower expenses.

Operational information

|                                                           | Jan-Jun/2025 | Jan-Jun/2024 | Change (%) |
| Sale of Thermal Availability at Auction (ACR)- Average MW |          714 |        1,186 |      -39.8 |
| Sale of electricity - average MW                          |          689 |          430 |       60.2 |
| National gas delivered - million m³/day                   |           32 |           30 |        6.7 |
| Regasification of liquefied natural gas - million m³/day  |            1 |            3 |      -66.7 |
| Import of natural gas from Bolivia - million m³/day       |           10 |           14 |      -28.6 |

In Jan-Jun/2025, Petrobras thermal availability
sales decreased by 39.8% compared to Jan-Jun/2024, due to the expiration of contracts. In the same period, energy sales increased by 60.2%
due to a less favorable hydrological scenario and through the capture of opportunities with spot prices.

On the natural gas supply side, domestic gas production
in Jan-Jun/2025 grew 6.7% due to availability of gas from the Rota 3 gas pipeline and the operation of the Itaborai gas processing unit