Petrobras Financial Performance in 2025 

Rio de Janeiro, March 05, 2026

“2025 results confirm the consistency of our strategy, based on capital discipline, production growth and operational efficiency. Even in a backdrop of a sharp decline in Brent prices, we generated US$ 36 billion in operating cash for the year. We continue to deliver a robust cash flow, supported by quality projects that increase production, with high returns and quick cash generation. This solid combination creates value and ensures lasting benefits for Brazilian society and our shareholders.” 

Fernando Melgarejo, Chief Financial and Investor Relations Officer

Main financial highlights

• Solid results in 2025: Adjusted EBITDA excluding one-off events of US$ 43.8 billion and Net Income excluding one-off events of US$ 18.1 billion 
• Maintenance of strong cash generation with Operating Cash Flow of US$ 36.0 billion and Free Cash Flow of US$ 16.5 billion

Contribution to society 

• We paid R$ 277.6 billion in taxes to the federal government, states, and municipalities in 2025 
• The Board of Directors approved the submission to the Annual General Meeting of the proposal for shareholder remuneration totaling R$ 8.1 billion, related to the results of 4Q25
• We distributed R$ 45.2 billion in dividends (including interest on equity), of which R$ 17.6 billion for the Control Group
• We allocated around R$ 2 billion in socio-environmental investments, sponsorships, and donations

Check here our 4Q25 Performance Report.