Petrobras reports an increase in the benefit of 48.6% and declares $ 2.1 million in dividends

Brazil’s Petrobras has reported an increase of 48.6% of the net profit to 35.2 million reas in the first quarter of 2025 compared to the same period last year, reinforced by non -recurring events.

Oil producer’s adjusted income before interest, taxes, depreciation and amortization (EBITDA) slightly increased by 1.7% year -on -year to 61 million. Excluding the non -recurring effects, the Ebitda was reported to 62.3bn Reais.

In addition to its financial performance, the Board of Directors of Petrobras approved the payment of 11.72bn Reais in dividends and interests on the equity to shareholders, which results in about 0.91 real per action.

Petrobras’s CEO, Magda Chambriard, said: “We started by 2025 with robust operational and financial results, which reflect Petrobras’s technical capacity to overcome challenges and generate value for Brazilian society.

“We have increased our production by 5.4% compared to the last quarter of 2024 and we reached a cash position of $ 8.5 million with our operations, which allows us to invest continuing to generate value and pay for our shareholders.”

The company’s capital spending (CAPEX) during the quarter amounted to $ 4.1 million, up to $ 3 million a year earlier.

The total production of oil, gas and gas fluids amounted to 2.77 million barrels equivalent to day (MBOE/D), an increase of 5.4% over the previous quarter.

Petrobras CFO and an official of investors, Fernando Melgarejo, said: “We are committed to executing our business plan, which is why we invested $ 4.1 million in the first quarter of the year, which represents 22% of the annual guidelines. These investments are concentrated in pre-seal projects, especially in the fields of buzios and atapu.

“We are drilling more wells and we connect them and advance in the construction of new units that will maintain our production curve. These are investment projects that generate value for our shareholders and will translate into revenue in the coming years.”

Investors have examined Petrobras’s investments, especially after they exceeded the company’s own forecasts by 2024, considering concern about possible dividend reductions, according to a report from a report Atmosphere.

Net quarter revenue increased by 4.6% to $ 123.1 million, slightly below Reai analysts of 124.9 million people.

In related news, Petrobras made a significant discovery of high quality oil and free of pollutants in the pre-salt layer of the Santos basin.

The finding was in the exploratory well 3-BRSA-1396D-SPS in the Aram block, located 248 km from Santos, São Paulo, in the waters of 1,952 m deep.

“Petrobras reports an increase in the benefit of 48.6% and declares $ 2.1 million in dividends” was created and originally published Offshore Technologya brand of Globaldata property.