A PetroReconcavo Reported profit Liquid of R $ 32.4 million in the fourth quarter of 2024, a drop of 83% compared to the same period of 2023. In the year 2024, net profit reached R $ 437.5 million, a 38% decrease in year comparison.
From October to December last year, EBITDA (profit before interest, taxes, depreciation and amortization) of Petroreconcavo was R $ 402.9 million, an annual increase of 63%. The EBITDA margin advanced 12 percentage points (PP) to 47.8%.
In 2024, in turn, EBITDA totaled R $ 1.643 billion, a 29% growth compared to 2023.
A revenue Net was R $ 843.3 million in the fourth quarter, an increase of 22% compared to the same interval of 2023. Net oil revenue increased by 15% and 5% over the year and the previous quarter, respectively.
According to the company, the increases are mainly the result of the reduction of the effects of oil hedges and the increase in the exchange rate, partially mitigated by the reduction in the price of Brent type oil.
Last year, the company’s net revenue reached R $ 3.264 billion, an increase of 16% compared to 2023.
The average production of Petroreconcavo from October to December 2024 was 23.6 thousand boe/day, stable compared to the third quarter of 2023. lifting cost (average production cost) was US $ 14.52/BOE, 5% increase in the year’s year ratio.
The company’s net financial result was negative at R $ 257.2 million in the fourth quarter, 538% higher than the immediately preceding range, mainly, mainly, the increase in the currency variation of passive called in foreign currency.
The net debt from October to December was R $ 1.3 billion and leverage, measured by net debt/EBITDA of the last 12 months, rose from 0.69 time to 0.80 time.
