“The first quarter of 2025 was marked by positive results that reflect Petrobras’ strong performance. We generated a higher cash flows, mainly due to a 5% increase in production volume compared to the previous quarter. This production growth was reflected in Adjusted EBITDA, which rose 46% compared to 4Q24.”
Fernando Melgarejo, Chief Financial and Investor Relations Officer
Main financial highlights
- Maintenance of strong cash generation with Operating Cash Flow of US$ 8.5 billion and Free Cash Flow of US$ 4.5 billion in 1Q25
- Consistent results: excluding one-off events, Adjusted EBITDA was US$ 10.7 billion and net income was US$ 4 billion
- Capex of US$ 4.1 billion in 1Q25, 29.1% lower than 4Q24, reinforces the atypical level observed in the previous quarter, which was explained by the closing of the gap between the physical and financial progress of the Búzios platforms, as a response to the actions implemented in the second half of 2024
“We remain committed to executing our Business Plan: we invested US$ 4 billion in this first quarter of the year, which represents 22% of the annual guidance. These investments are focused on pre-salt projects, with emphasis on the Búzios and Atapu fields. We are drilling and connecting more wells and advancing in the construction of new units that will support the growth of our production curve. These are projects that generate value for our shareholders and will translate into revenue in the upcoming years.”
Fernando Melgarejo, Chief Financial and Investor Relations Officer
Check here our 1Q25 Performance Report.
Brazil Energy Insight 
Leave a comment