Petrobras

See definitions of Adjusted EBITDA, LTM Adjusted EBITDA, Adjusted Cash and Cash Equivalents, Net Debt, Gross Debt, Free Cash Flow, and Leverage in the Glossary and their reconciliations in the sections Liquidity and Capital Resources, Reconciliation of LTM Adjusted EBITDA, Net Debt/LTM Adjusted EBITDA Metrics and Consolidated Debt.

SEC original ↗Petrobras — Earnings release (6-K report)6-KMay 22, 2026

Net finance income (expense) US$ million Jan-Mar/2026 Jan-Mar/2025 Change (%) Finance income 334 297 12.5 Income from financial investments and Government Bonds 218 223 (2.2) Other finance income 116 74 56.8 Finance expenses (985) (983) 0.2 Interest on finance debt (553) (466) 18.7 Unwinding of discount on lease liability (677) (622) 8.8 Capitalized borrowing costs 625 449 39.2 Unwinding of discount on the provision for decommissioning costs (340) (319) 6.6 Other finance expenses (40) (25) 60.0 Foreign exchange gains (losses) and inflation indexation charges 2,118 2,434 (13.0) Foreign exchange gains (losses) 2,350 3,036 (22.6) Real x U.

SEC original ↗Petrobras — Earnings release (6-K report)6-KMay 22, 2026

dollar 2,311 3,077 (24.9) Other currencies 39 (41) - Reclassification of hedge accounting to the Statement of Income (507) (722) (29.8) Indexation to the Selic interest rate of anticipated dividends and dividends payable (57) (64) (10.9) Recoverable taxes inflation indexation income 25 58 (56.9) Other foreign exchange gains and indexation charges, net 307 126 143.7 Total 1,467 1,748 (16.1) Net finance income amounted to US$ 1,467 million for the period Jan-Mar/2026, representing a decrease of US$ 281 million compared to a net finance income of US$ 1,748 million recorded in Jan-Mar/2025, mainly due to a foreign exchange gain - Real x U.

SEC original ↗Petrobras — Earnings release (6-K report)6-KMay 22, 2026

6 CAPITAL EXPENDITURES (CAPEX) CAPEX (US$ million) Jan-Mar/2026 Jan-Mar/2025 Change (%) Exploration and Production 4,463 3,502 27.4 Refining, Transportation and Marketing 503 405 24.2 Gas and Low Carbon Energies 68 55 23.6 Corporate and Other businesses 72 104 (30.8) Total 5,106 4,066 25.6 In line with our Business Plan, our Capital Expenditures were primarily directed toward investment projects which Management believes are most profitable, relating to oil and gas production.

SEC original ↗Petrobras — Earnings release (6-K report)6-KMay 22, 2026

In Jan-Mar/2026, Capital Expenditures in the E&P segment totaled US$ 4,463 million, representing 87.4% of the CAPEX of the Company, a 27.4% increase when compared to US$ 3,502 million in Jan-Mar/2025, mainly due to the development of large projects in the pre-salt layer of the Santos Basin, especially in the Búzios and Sepia Fields, due to the progress in the construction works of the units, as well as in the Campos Basin projects, with the ramp-up of the Marlim Revitalization.

SEC original ↗Petrobras — Earnings release (6-K report)6-KMay 22, 2026

CAPEX in Jan-Mar/2026 were mainly concentrated on: (i) the development of production in the pre-salt layer of the Santos Basin (US$ 2.9 billion); (ii) the development of production in the pre-salt and post-salt layers of the Campos Basin (US$ 2.3 billion); and (iii) exploratory investments (US$ 0.3 billion).

SEC original ↗Petrobras — Earnings release (6-K report)6-KMay 22, 2026

) 6.8 6.7 1.5 Weighted average maturity of outstanding debt (years) 11.33 11.70 (3.2) As of March 31, 2026, the Company has maintained its liability management strategy to improve the debt profile and to adapt to the maturity terms of the Company’s long-term investments.

SEC original ↗Petrobras — Earnings release (6-K report)6-KMay 22, 2026

Diesel sales volume grew by 0.8% in Jan-Mar/2026 compared to Jan-Mar/2025, as a result of growth in economic activity, expansion in retail trade, and reduced sales from other producers.

SEC original ↗Petrobras — Earnings release (6-K report)6-KMay 22, 2026