Petróleo Brasileiro S.A. - Petrobras (PBR)

Petrobras Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	19,720	7,605	24,995	36,755
Depreciation & Amortization	15,147	12,479	13,280	13,218
Other Adjustments	10,637	28,496	18,784	20,433
Change in Receivables	-471	1,822	88	355
Changes in Inventories	-857	-295	1,564	-1,217
Changes in Accounts Payable	1,068	970	-1,004	-359
Changes in Accrued Expenses	-146	-3,068	-75	-2,623
Changes in Income Taxes Payable	-5,001	-6,907	-10,032	-11,516
Changes in Other Operating Activities	-4,050	-3,118	-4,388	-5,329
Operating Cash Flow	36,047	37,984	43,212	49,717
Operating Cash Flow Growth	-5.10%	-12.10%	-13.08%	-
Capital Expenditures	-19,521	-14,644	-12,114	-9,581
Purchases of Investments	2	-22	-24	-27
Proceeds from Sale of Investments	2,784	-109	98	-3,328
Proceeds from Business Divestments	613	863	3,606	4,846
Other Investing Activities	483	543	479	7,658
Investing Cash Flow	-15,639	-13,369	-7,955	-432
Long-Term Debt Issued	5,320	2,129	2,210	2,880
Long-Term Debt Repaid	-3,326	-6,536	-4,193	-9,334
Net Long-Term Debt Issued (Repaid)	1,994	-4,407	-1,983	-6,454
Repurchase of Common Stock	-	-380	-735	-
Net Common Stock Issued (Repurchased)	-	-380	-735	-
Common Dividends Paid	-8,114	-18,327	-19,670	-37,701
Other Financing Activities	-11,286	-9,974	-8,312	-7,298
Financing Cash Flow	-17,406	-33,088	-30,700	-51,453
Effect of Exchange Rate Changes on Cash and Cash Equivalents	198	-983	174	-316
Net Cash Flow	3,200	-9,456	4,731	-2,484
Free Cash Flow	16,526	23,340	31,098	40,136
Free Cash Flow Growth	-29.20%	-24.95%	-22.52%	-
FCF Margin	18.53%	25.53%	30.37%	32.24%
Free Cash Flow Per Share	2.56	3.62	4.78	6.15
Levered Free Cash Flow	8,268	-11,462	10,132	12,762
Unlevered Free Cash Flow	25,076	22,106	40,945	61,032

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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