PBR-A FY 2025 Earnings Report — Petróleo Brasileiro S.A. - Petrobras Revenue & Financial Results | Market Cap Arena

Petróleo Brasileiro S.A. - PetrobrasPBR-A

FY 2025 Earnings

Reported April 8, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$90.8B	—	—	—	—
Op. Income	$26.0B	—	—	—	—
Gross Margin	47.6%	—	—	—	—
Net Margin	22.1%	—	—	—	—
EPS (Diluted)	$3.12	—	—	—	—
Free Cash Flow	$16.7B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$90.8B
Cost of Revenue	$47.6B
GROSS PROFIT	$43.3B
R&D Expenses	$879M
Selling & Marketing	$4.4B
General & Administrative	$7.3B
SG&A Expenses	$11.7B
Other Expenses	$4.7B
Operating Expenses	$17.3B
Cost & Expenses	$64.8B
OPERATING INCOME	$26.0B
Interest Income	$408M
Interest Expense	$129M
Other Income/Expenses	$1.5B
INCOME BEFORE TAX	$27.5B
Income Tax Expense	$7.3B
Net Income from Continuing Ops	$20.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20.1B
D&A	$15.4B
EBIT	$27.6B
EBITDA	$43.0B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$90.8B
Cost of Revenue	$47.6B
GROSS PROFIT	$43.3B
R&D Expenses	$879M
Selling & Marketing	$4.4B
General & Administrative	$7.3B
SG&A Expenses	$11.7B
Other Expenses	$4.7B
Operating Expenses	$17.3B
Cost & Expenses	$64.8B
OPERATING INCOME	$26.0B
Interest Income	$408M
Interest Expense	$129M
Other Income/Expenses	$1.5B
INCOME BEFORE TAX	$27.5B
Income Tax Expense	$7.3B
Net Income from Continuing Ops	$20.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20.1B
D&A	$15.4B
EBIT	$27.6B
EBITDA	$43.0B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$20.2B
Depreciation & Amortization	$15.4B
Stock-Based Compensation	$0
Deferred Income Tax	$7.3B
Other Non-Cash Items	-$1.7B
Change in Working Capital	-$4.7B
OPERATING CASH FLOW	$36.6B
Capital Expenditure	-$19.8B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4.1B
NET CASH FROM INVESTING	-$15.7B
Net Debt Issuance	-$7.6B
Common Stock Repurchased	$0
Common Dividends Paid	-$8.3B
Other Financing Activities	-$1.9B
NET CASH FROM FINANCING	-$17.7B
FREE CASH FLOW	$16.7B
Net Change in Cash	$2.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.5B
Short-Term Investments	$2.7B
Net Receivables	$6.7B
Inventory	$8.2B
Other Current Assets	$924M
TOTAL CURRENT ASSETS	$25.6B
PP&E (Net)	$168.8B
Goodwill	$22M
Intangible Assets	$2.5B
Long-Term Investments	$16.3B
Tax Assets	$1.0B
Other Non-Current Assets	$9.1B
TOTAL NON-CURRENT ASSETS	$197.7B
TOTAL ASSETS	$223.3B
Account Payables	$7.5B
Short-Term Debt	$2.2B
Deferred Revenue	$0
Other Current Liabilities	$9.2B
TOTAL CURRENT LIABILITIES	$36.2B
Long-Term Debt	$24.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6.4B
Other Non-Current Liabilities	$46.7B
TOTAL NON-CURRENT LIABILITIES	$110.9B
TOTAL LIABILITIES	$147.1B
Common Stock	$37.5B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$38.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$75.9B
Minority Interest	$329M
TOTAL EQUITY	$76.2B
TOTAL LIABILITIES & EQUITY	$223.3B
Total Debt	$70.1B
Net Debt	$63.6B