0001292814-26-002988
SEC filingPetrobras reported Q1 2026 parent company net income of R$32.7 billion, up from prior periods in assets and equity, with detailed interim financial statements as of March 31, 2026.
Petrobras' Q1 2026 interim financials show sales revenues of R$128.2 billion, a 5% increase from Q1 2025, driven by higher goods and services sales, leading to gross profit of R$62.5 billion despite cost of sales rising to R$65.7 billion. Operating expenses increased to R$14.1 billion, with higher selling expenses and other taxes, partially offset by impairment reversals of R$2.2 billion and equity-accounted profits. Net income before taxes reached R$51.1 billion, with finance results contributing positively due to foreign exchange gains, though income taxes of R$18.4 billion reduced net income to R$32.7 billion, or R$2.53 per share. Balance sheet reflects total assets at R$1.60 trillion, up due to property, plant and equipment growth to R$952 billion and higher trade receivables. Current debt rose to R$201 billion while non-current debt declined to R$301 billion, improving liquidity with cash at R$3.7 billion. Shareholders' equity expanded to R$445 billion, supported by retained earnings. Operating cash flow of R$15.4 billion was pressured by working capital changes, particularly receivables increase, while capex remained steady at R$23.3 billion. These results indicate resilient operations amid higher costs and investments.