SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 7.Aug.2025, Words: 207) — Petrobras reported adjusted EBITDA without one-off events of $10.2bn in the second-quarter 2025 (2Q:25) and net income without one-off events of $4.1bn. The company also reported operating cash flow of $7.5bn and free cash flow of $3.4bn.
Petrobras also reported Capex of $4.4bn in 2Q:25, 9% higher than 1Q25, in line with the planned execution level for 2025, the company announced on 7 Aug. 2025 in its quarterly financial press release.
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“Our operational performance in the second quarter was excellent, driven by the implementation of new production systems and improved efficiency in operating fields,” Petrobras chief financial and investor relations officer Fernando Melgarejo said in the release.
“These factors allowed us to increase oil and gas volumes, positively impacting financial results and mitigating the impacts of the decline in Brent prices. Net income and adjusted EBITDA, excluding one-off events, remained at the same level as the previous quarter, when Brent prices were 10% higher,” Melgarejo said.
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Also, Petrobras paid R$66bn in taxes to the federal government, states, and municipalities in 2Q:25, while approving R$8.7bn in dividends related to 2Q:25 results.
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By Pedro Silva reporting from Salvador de Bahia. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
