The result was almost 3 times greater than the R$36 billion recorded in 2024; state-owned company attributes increase to increased oil and gas production
The company recorded a net profit of R$110.1 billion in 2025, an increase of 200% compared to the result of 2024, when it made a profit of R$36.6 billion. The numbers were released this Thursday (March 5, 2026) in the state-owned company’s financial statement. Read (PDF – 1,801 kB).
The company attributed the increase to increased oil and gas production and improved operational efficiency. Despite the increase in relation to 2024, the state-owned company’s net profit in 2025 still does not reach the value recorded in 2023, when it totaled R$124.6 billion. The R$36.6 billion in 2024 represented a
The state-owned company’s total oil and gas production in 2025 reached 2.99 million barrels of oil equivalent per day, an increase of 11% compared to 2024. The performance took the Operating Cash Flow to R$200 billion (US$36 billion). This was the amount generated by the company’s regular operations.
“The year 2025 was extraordinary in terms of production. The increase in the volume of oil and gas allowed us to offset the effects of the fall in Brent and achieve robust financial results”, Magda Chambriand, president of Petrobras, said in a statement. According to the state-owned company, the strong performance was recorded despite an international scenario considered adverse, with a 14% drop in the price of brent –type of crude oil– throughout the year.
The company’s total revenue rose 1.4% compared to 2024 and reached R$497.5 billion. Ebitda (“Profits Before Interest, Taxes, Depreciation and Amortization”) increased 10.6% and reached R$231.17 billion.
INVESTMENTS & EXPORTS
Petrobras invested R$112.9 billion (US$20.3 billion), an increase of 22% compared to 2024. The majority (84%) of the resources went to the exploration and production segment. Investments included accelerating projects and advancing production units in pre-salt fields.
New contributions were received for drilling and interconnection of wells and construction of own FPSOs (floating platform ships) intended for operation in the Búzios, Atapu and Sépia fields.
The company’s exports broke an annual record of 765 thousand barrels per day, an increase of 27.1% compared to the previous year. More than half of the barrels (53%) were destined for China.
Sales outside the country reached 999 thousand per day in the 4th quarter, the highest value ever recorded for a period of 3 months.
NET DEBT RISES
The state-owned company’s net debt rose 16% compared to 2024 and reached US$60.593 billion. Gross debt increased 15.7% to US$69.793 billion. Petrobras attributes the increase to the start of operation of the chartered FPSOs Almirante Tamandaré (Búzios 7) and Alexandre de Gusmão (Mero 4). The company recognized debt of US$3.7 billion due to the project, which also required funding throughout the year.
