Petróleo Brasileiro S.A. - Petrobras (BVMF:PETR3)

BVMF:PETR3 Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	85,533	79,359	105,516	121,298	81,244	52,389
Revenue Growth (YoY)	-2.77%	-24.79%	-13.01%	49.30%	55.08%	-20.18%
Cost of Revenue	43,885	39,510	49,886	58,101	41,824	28,519
Gross Profit	41,648	39,849	55,630	63,198	39,420	23,870
Selling, General & Admin	6,306	5,831	6,825	6,115	5,231	5,882
Research & Development	804.68	692.17	745.83	773.09	544.36	350.27
Other Operating Expenses	6,797	6,537	4,706	-2,066	1,112	-1,401
Operating Expenses	15,968	14,700	13,601	5,783	5,798	8,406
Operating Income	25,680	25,149	42,029	57,415	33,622	15,464
Interest Expense	-489.63	-498.31	-1,005	-2,608	-3,015	-3,949
Interest & Investment Income	1,117	1,305	1,702	1,126	306.19	195.83
Earnings From Equity Investments	-226.29	-560.56	-305.01	244.2	1,512	-630.05
Currency Exchange Gain (Loss)	954.99	-7,518	2,311	1,066	-7,130	-5,997
Other Non Operating Income (Expenses)	-4,163	-5,756	-4,569	-2,720	985.88	2,010
EBT Excluding Unusual Items	22,873	12,121	40,162	54,523	26,281	7,094
Merger & Restructuring Charges	-	-	-	-	-	-1,041
Impairment of Goodwill	-	-	-	-	-	-5.97
Gain (Loss) on Sale of Investments	-	-	-	-	-	-43.33
Gain (Loss) on Sale of Assets	-0.09	189.33	1,342	1,113	1,954	521.64
Asset Writedown	-1,051	-682.95	-2,386	-1,209	1,272	-3,819
Legal Settlements	-733.46	-817.96	-704.82	-1,232	-469.34	-352.38
Other Unusual Items	-2,127	-1,960	-1,837	-1,177	-1,834	-2,347
Pretax Income	18,961	8,849	36,577	52,018	27,204	7.12
Income Tax Expense	5,897	2,865	10,781	16,266	7,953	-1,196
Earnings From Continuing Operations	13,064	5,984	25,795	35,752	19,252	1,203
Net Income to Company	13,064	5,984	25,795	35,752	19,252	1,203
Minority Interest in Earnings	-75.96	-65.16	-115.41	-128.06	-106.97	165.99
Net Income	12,988	5,919	25,680	35,624	19,145	1,369
Net Income to Common	12,988	5,919	25,680	35,624	19,145	1,369
Net Income Growth	-12.39%	-76.95%	-27.91%	86.08%	1298.73%	-86.29%
Shares Outstanding (Basic)	12,889	12,899	13,022	13,044	13,044	13,044
Shares Outstanding (Diluted)	12,889	12,899	13,022	13,044	13,044	13,044
Shares Change (YoY)	-0.51%	-0.95%	-0.17%	-	-	-
EPS (Basic)	1.01	0.46	1.97	2.73	1.47	0.10
EPS (Diluted)	1.01	0.46	1.97	2.73	1.47	0.10
EPS Growth	-11.95%	-76.73%	-27.79%	86.08%	1298.73%	-86.29%
Free Cash Flow	18,073	20,078	32,022	38,920	30,330	22,747
Free Cash Flow Per Share	1.40	1.56	2.46	2.98	2.33	1.74
Dividend Per Share	1.335	0.927	1.498	3.227	1.395	0.153
Dividend Growth	75.38%	-38.12%	-53.58%	131.34%	813.83%	-33.69%
Gross Margin	48.69%	50.21%	52.72%	52.10%	48.52%	45.56%
Operating Margin	30.02%	31.69%	39.83%	47.33%	41.38%	29.52%
Profit Margin	15.19%	7.46%	24.34%	29.37%	23.56%	2.61%
Free Cash Flow Margin	21.13%	25.30%	30.35%	32.09%	37.33%	43.42%
EBITDA	33,423	31,862	50,905	66,643	39,231	25,892
EBITDA Margin	39.08%	40.15%	48.24%	54.94%	48.29%	49.42%
D&A For EBITDA	7,743	6,714	8,876	9,228	5,609	10,428
EBIT	25,680	25,149	42,029	57,415	33,622	15,464
EBIT Margin	30.02%	31.69%	39.83%	47.33%	41.38%	29.52%
Effective Tax Rate	31.10%	32.38%	29.48%	31.27%	29.23%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.