Brava Energia Earnings Release | 2Q26 

Rio de Janeiro, August 5, 2026 – Brava Energia (“Brava” or “Company”) (B3: BRAV3) hereby discloses its results for the second quarter of 2026 (“2Q26”):

2Q26 HIGHLIGHTS AND SUBSEQUENT EVENTS
Progress across all business fronts

Operational highlights

• Average quarterly production of 81.7 kboe/d in 2Q26, +8% Q/Q.
• Atlanta: production +4% Q/Q, reflecting the operational adjustments implemented throughout 1Q26. 
• Parque das Conchas: production +38% Q/Q, after completion of scheduled maintenance in Jan/26. 
• Potiguar: production up 5% QoQ, with oil output gaining momentum (+6% in Jun/26 vs. May/26). 
• Manati: production increase of 41% Q/Q, driven by the completion of scheduled interventions. 
• Parque das Conchas and Papa-Terra: significant increase in sales volumes, with growth of 2.0x Q/Q and 13% Q/Q, respectively. 
• Downstream: expansion of crack spreads supported a record margin of 13.1% (+7.6 p.p. Q/Q). 
• Offshore drilling campaign on-time & on-budget: main stages of drilling the two new wells in Papa-Terra were completed in July/26.

  Financial highlights 

• Record Revenues of R$ 3,598 million (US$ 712 million) in 2Q26, +28% Y/Y and +20% Q/Q, in U.S. dollar. 
• Adjusted EBITDA (ex-IFRS 16) of R$ 1,774 million (US$ 351 million) in 2Q26, up 33% Y/Y and +9% Q/Q, renewing the Company’s all-time high. 
• Adjusted EBITDA Margin reached 49% in 2Q26, +7 p.p. Y/Y, reflecting operational efficiency gains and improved production monetization. 
• Liability management playbook: reduction in the average cost of debt to 7.86% p.a. vs. 8.70% p.a. at the beginning of 2025, as a result of prepayments and new fundraising on more competitive terms.
• Production monetization: 23% Q/Q increase in the average realized oil price, reinforcing value capture in a more favorable commercial environment.

Strategic Highlights 

• Conclusion of the Ecopetrol Tender Offer: the auction was held on this date, with settlement expected on August 17, 2026. The transaction marks an important milestone in Brava’s history.
• Integrated Operations Center (COI): efficiency and innovation in monitoring the production assets of the Potiguar Basin, which make up the country’s largest onshore production cluster. 
• ESG: Achievement of the Gold Seal of the Brazilian GHG Protocol Program (PBGHG – 2025-26 Cycle), for the greenhouse gas (GHG) emissions inventory.

To access the materials for the quarter: click here.