Company: PBR
Filing Date: 2025-05-28
Form Type: 6-K
Source: 0001292814-25-002246
Chunk: 5

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-05-28
Form: 6-K
Chunk 5
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 time deposits with maturities of more than three months at the end of the period       |        3,762 |        6,645 |
| Adjusted Cash and Cash Equivalents at the end of the period                                                                            |        8,457 |       18,192 |
| Reconciliation of Free Cash Flow                                                                                                       |              |              |
| Net cash provided by operating activities                                                                                              |        8,498 |        9,386 |
| Acquisition of PP&E and intangible assets                                                                                              |       -3,962 |       -2,838 |
| Acquisition of equity interests                                                                                                        |            - |           -1 |
| Free Cash Flow (1)                                                                                                                     |        4,536 |        6,547 |

(1) Free Cash Flow (FCF) is in accordance with the new
Shareholder Remuneration Policy (“Policy”), approved in July 2023, which is the result of the equation: FCF = net cash provided
by operating activities less the sum of acquisition of PP&E and intangible assets and acquisition of equity interests.

As of March 31, 2025, Cash and cash equivalents
amounted to US$ 4,695 million and Adjusted Cash and Cash Equivalents totaled US$ 8,457 million.

The three-month period ended March 31, 2025 had
net cash provided by operating activities of US$ 8,498 million and positive Free Cash Flow of US$ 4,536 million. This level
of cash generation, together with proceeds from disposal of assets (divestments) of US$ 463 million, financial compensation from
co-participation agreements of US$ 355 million, dividends received of US$ 7 million, divestment in marketable securities of
US$ 1,370 million and proceeds from finance debt of US$ 500 million, were allocated to: (a) debt prepayments and payments of
principal and interest due in the period of US$ 969 million; (b) repayment of lease liability of US$ 2,094 million; (c) dividends
paid to shareholders of Petrobras of US$ 2,882 million; and (d) acquisition of PP&E and intangibles assets of US$ 3,962
million.

In the three-month period ended March 31, 2025,
the Company repaid several finance debts, in the amount of US$ 969 million.

In the three-month