Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003833
Chunk: 41

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 41
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ment of assets (reversals), net 139
50 1 − − 190 Results on disposal/write-offs of assets 18 (1) (14) (17) − (14) Results from co-participation agreements
in bid areas 20 − − − − 20 Adjusted EBITDA 8,970 1,080 236 (1,002) (42) 9,242 Performance Report 3Q25 I 40 GLOSSARY
Glossary A Adjusted cash and cash equivalents: Sum of cash and cash equivalents and investments in securities in domestic and international
markets that have high liquidity, i.e., convertible into cash within 3 months, even if maturity is longer than 12 months, held for the
purpose of complying with cash commitments. This measure is not defined under the IFRS Accounting Standards and should not be considered
in isolation or as a substitute for cash and cash equivalents computed in accordance with IFRS Accounting Standards. It may not be comparable
to adjusted cash and cash equivalents of other companies, however management believes that it is an appropriate supplemental measure to
assess our liquidity and supports leverage management. Adjusted EBITDA: Adjusted EBITDA (a non-GAAP measure defined as net income plus
net finance income (expense); income taxes; depreciation, depletion and amortization; results in equity-accounted investments; impairment
of assets (reversals); results on disposal/write-offs of assets, remeasurement of investment retained with loss of control and reclassification
of CTA; and results from co-participation agreements in bid areas). Adjusted EBITDA margin: Adjusted EBITDA divided by sales revenues.
Average capital employed: quarterly average considering inventories, intangibles and fixed assets at historical exchange rates. C CAPEX
– Capital Expenditure: investments that encompasses acquisition of property, plant, and equipment, including costs with leasing,
intangible assets, investments in subsidiaries and affiliates, costs with geology and geophysics and pre-operating costs. CAPEX vs, cash
Capex: a) Leases: payments related to leased assets used in projects (e.g., drilling rigs and PLSVs), excluding production units (UEPs).
b) Geology and Geophysics: acquisition and interpretation of seismic data. c) Contractual milestones: include payments related to project
mobilization and the acquisition of materials for future use in projects. d) Others: adjustment of payment flows