XML 66 R56.htm IDEA: XBRL DOCUMENT
v3.25.2

Finance debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Finance Debt |
Schedule of balance by type of finance debt |
Schedule of balance by type of finance debt |  |
In Brazil | 06.30.2025 | 12.31.2024
Banking market | 4,658 | 2,828
Capital market | 3,034 | 2,225
Development banks (1) | 556 | 508
Others | 2 | 2
Total | 8,250 | 5,563
Abroad |  |
Banking market | 3,641 | 3,691
Capital market | 12,427 | 12,265
Export credit agency | 1,347 | 1,508
Others | 126 | 135
Total | 17,541 | 17,599
Total finance debt | 25,791 | 23,162
Current | 2,475 | 2,566
Non-current | 23,316 | 20,596
(1) It includes BNDES.
Schedule of current finance debt |
Schedule of current finance debt |  |
| 06.30.2025 | 12.31.2024
Short-term debt | 14 | 10
Current portion of long-term debt | 1,987 | 2,132
Accrued interest on short and long-term debt | 474 | 424
Total | 2,475 | 2,566
Schedule of changes in finance debt |
Schedule of changes in finance debt |  |  |
| In Brazil | Abroad | Total
Balance at December 31, 2024 | 5,563 | 17,599 | 23,162
Proceeds from finance debt | 1,943 | 1,129 | 3,072
Repayment of principal (1) | (211) | (1,342) | (1,553)
Repayment of interest (1) | (267) | (590) | (857)
Accrued interest (2) | 357 | 586 | 943
Foreign exchange/ inflation indexation charges | 18 | (48) | (30)
Translation adjustment | 848 | 206 | 1,054
Balance at June 30, 2025 | 8,251 | 17,540 | 25,791
| In Brazil | Abroad | Total
Balance at December 31, 2023 | 6,090 | 22,711 | 28,801
Proceeds from finance debt | 557 | 10 | 567
Repayment of principal (1) | (158) | (2,177) | (2,335)
Repayment of interest (1) | (203) | (795) | (998)
Accrued interest (2) | 240 | 774 | 1,014
Foreign exchange/ inflation indexation charges | 110 | 300 | 410
Translation adjustment | (800) | (338) | (1,138)
Balance at June 30, 2024 | 5,836 | 20,485 | 26,321
(1) It includes pre-payments.
(2) It includes premium and discount over notional amounts, as well as gains and losses by modifications in contractual cash flows.
Schedule of cash flows reconciliation |
Schedule of cash flows reconciliation |  |  |  |  |  |
|  |  | Jan-Jun/2025 |  |  | Jan-Jun/2024
| Proceeds from finance debt | Repayment of principal | Repayment of interest | Proceeds from finance debt | Repayment of principal | Repayment of interest
Changes in finance debt | 3,072 | (1,553) | (857) | 567 | (2,335) | (998)
Deposits linked to finance debt (1) |  | 6 | 1 |  | 17 | 3
Net cash used in financing activities | 3,072 | (1,547) | (856) | 567 | (2,318) | (995)
(1) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December.
Schedule of summarized information on current and non-current finance debt |
Schedule of summarized information on current and non-current finance debt |  |  |  |  |  |  |  |
Maturity in | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 onwards | Total (1) | Fair Value
Financing in U.S. Dollars: | 855 | 1,465 | 2,146 | 1,555 | 720 | 9,004 | 15,745 | 15,567
Floating rate debt (2) | 622 | 1,121 | 1,468 | 524 | 144 | 921 | 4,800 |
Fixed rate debt | 233 | 344 | 678 | 1,031 | 576 | 8,083 | 10,945 |
Average interest rate p.a. | 6.3% | 6.5% | 6.0% | 5.7% | 6.2% | 6.6% | 6.5% |
Financing in Brazilian Reais): | 196 | 494 | 134 | 137 | 955 | 6,037 | 7,953 | 7,401
Floating rate debt (3) | 145 | 128 | 31 | 31 | 31 | 5,496 | 5,862 |
Fixed rate debt | 51 | 366 | 103 | 106 | 924 | 541 | 2,091 |
Average interest rate p.a. | 10.5% | 10.6% | 9.7% | 9.9% | 10.3% | 8.3% | 9.4% |
Financing in Euro: | − | 9 | − | 145 | 26 | 424 | 604 | 609
Fixed rate debt | − | 9 | − | 145 | 26 | 424 | 604 |
Average interest rate p.a. | − | 4.6% | − | 4.6% | 4.7% | 4.7% | 4.6% |
Financing in Pound Sterling: | 16 | 17 | − | − | 403 | 566 | 1,002 | 986
Fixed rate debt | 16 | 17 | − | − | 403 | 566 | 1,002 |
Average interest rate p.a. | 6.1% | 6.1% | − | − | 6.1% | 6.6% | 6.3% |
Financing in Renminbi: | 2 | 5 | 5 | 5 | 5 | 465 | 487 | 472
Floating rate debt | 2 | 5 | 5 | 5 | 5 | 465 | 487 |
Average interest rate p.a. | 3.1% | 3.1% | 3.0% | 3.0% | 2.9% | 3.1% | 0.0% |
Total as of June 30, 2025 | 1,069 | 1,990 | 2,285 | 1,842 | 2,109 | 16,496 | 25,791 | 25,035
Average interest rate | 7.4% | 7.6% | 7.1% | 7.1% | 7.7% | 6.8% | 6.8% |
Total as of December 31, 2024 | 2,566 | 1,864 | 2,264 | 1,791 | 1,780 | 12,897 | 23,162 | 22,213
Average interest rate | 7.0% | 7.4% | 7.1% | 6.9% | 7.3% | 6.6% | 6.8% |
(1) The average maturity of outstanding debt as of June 30, 2025 is 11.92 years (12.52 years as of December 31, 2024).
(2) Operations with variable index + fixed spread.
(3) Operations with variable index + fixed spread, if applicable.
Schedule of finance debt (undiscounted), including face value and interest payments |
Schedule of finance debt (undiscounted), including face value and interest payments |  |  |  |  |  |  |  |
Maturity | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 and thereafter | 06.30.2025 | 12.31.2024
Principal | 639 | 2,005 | 2,335 | 1,944 | 2,159 | 17,009 | 26,091 | 23,473
Interest | 952 | 1,942 | 1,742 | 1,560 | 1,508 | 15,210 | 22,915 | 20,388
Total (1) | 1,591 | 3,947 | 4,077 | 3,504 | 3,667 | 32,219 | 49,006 | 43,861
(1) A maturity schedule of the lease arrangements (nominal amounts) is set out in note 24.
Schedule of lines of credit |
Schedule of lines of credit |  |  |  |  |  |
|  |  |  |  |  | 06.30.2025
Company | Financial institution | Date | Maturity | Available (Lines of Credit) | Used | Balance
Abroad |  |  |  |  |  |
PGT BV (1) | Syndicate of banks | 12/16/2021 | 11/16/2026 | 5,000 | − | 5,000
PGT BV | Syndicate of banks | 3/27/2019 | 2/27/2026 | 2,050 | − | 2,050
Total |  |  |  | 7,050 | − | 7,050
In Brazil |  |  |  |  |  |
Petrobras (2) | Banco do Brasil | 3/23/2018 | 9/26/2030 | 641 | − | 641
Petrobras (3) | Banco do Brasil | 10/4/2018 | 9/4/2029 | 733 | − | 733
Transpetro | Caixa Econômica Federal | 11/23/2010 | Not defined | 60 | − | 60
Total |  |  |  | 1,434 | − | 1,434
(1) On April 08, 2024, the Revolving Credit Facility was reduced to US$ 4,110 compared to the US$ 5,000 contracted in 2021. Thus, US$ 5,000 will be available for withdrawal until November 16, 2026 and US$ 4,110 from November 16, 2026, to November 16, 2028.
(2) On December 27, 2024, the credit line agreement with Banco do Brasil for US$ 366 (R$ 2 billion) was amended, extending the term to October 26, 2030. On April 3, 2025, a new amendment was approved, increasing the credit line amount from US$ 366 (R$ 2 billion) to US$ 641 (R$ 3.5 billion).
(3) On June 18, 2024, the credit line with Banco do Brasil was renewed, extending its term to September 4, 2029, and increasing its amount from US$ 366 (R$ 2 billion) to US$ 733 (R$ 4 billion).

X
- Definition The disclosure of borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pbr_DisclosureFinanceDebtAbstract
Namespace Prefix: | pbr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pbr_DisclosureOfDetailedInformationAboutInCurrentFinanceDebtExplanatory
Namespace Prefix: | pbr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pbr_DisclosureOfDetailedInformationAboutInMaturityOfFinanceDebtExplanatory
Namespace Prefix: | pbr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pbr_DisclosureOfLineOfCreditFacilityExplanatory
Namespace Prefix: | pbr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pbr_ScheduleOfCashFlowsReconciliationTableTextBlock
Namespace Prefix: | pbr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pbr_ScheduleOfChangesInFinancialDebtTabletextBlock
Namespace Prefix: | pbr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | pbr_ScheduleOfSummarizedInformationOnCurrentAndNonCurrentFinanceDebtExplanatory
Namespace Prefix: | pbr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration