Petrobras reported a net profit of R$ 35 billion (US$ 6 billion) for the first quarter of 2025. The company also recorded strong cash generation, achieving an adjusted EBITDA of R$ 61 billion (US$ 10.5 billion) and an Operational Cash Flow (OCF) of R$ 49.3 billion (US$ 8.5 billion). Investments reached R$ 23.7 billion (US$ 4.1 billion), mainly focused on pre-salt projects in the Búzios and Atapu fields.
"Iniciamos o ano de 2025 com resultados operacionais e financeiros robustos, que refletem a capacidade técnica da Petrobras em superar desafios e gerar valor para a sociedade brasileira," stated Magda Chambriard, President of Petrobras.
The financial result was positively impacted by a 7% appreciation of the exchange rate at the end of the quarter. Excluding this impact and other unique events, the net profit for the period was R$ 23.7 billion (US$ 4 billion), a 31% increase compared to Q4 2024.
Adjusted EBITDA without exclusive events reached R$ 62.3 billion (US$ 10.7 billion), an increase of 8% compared to Q4 2024, reflecting higher volumes of oil produced and sold, along with a favorable external scenario characterized by increased diesel crack spread.
Petrobras returned R$ 65.7 billion in taxes during the period and approved R$ 11.72 billion in dividends and interest on equity related to Q1 results.
Investments were concentrated on advancing major pre-salt projects in the Santos Basin, with Fernando Melgarejo, Finance Director and Investor Relations Officer stating: "Seguimos comprometidos com a execução do nosso Plano de Negócios."
Operational highlights include total oil and gas production reaching 2.77 million barrels of oil equivalent per day, a rise of 5.4% from the previous quarter.
New discoveries were confirmed in various basins including Campos and Santos, while modernization works at RNEST's Train-1 were completed, increasing its processing capacity.
In February, Petrobras made its first sale of VLSFO with renewable content in Asia through a partnership with Golden Island.
Additionally, Petrobras partnered with BNDES to reforest up to 50 thousand hectares in the Amazon as part of their carbon credit market strengthening efforts.
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