Petrobras clears R$41.2B 2025 shareholder payout
Petróleo Brasileiro S.A. – Petrobras reports that its Annual General Meeting approved total shareholder remuneration relating to fiscal year 2025 of R$ 41,235,750,000.00, equal to R$ 3.19936420 per outstanding common and preferred share.
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Rhea-AI Filing Summary
Petróleo Brasileiro S.A. – Petrobras reports that its Annual General Meeting approved total shareholder remuneration relating to fiscal year 2025 of R$ 41,235,750,000.00, equal to R$ 3.19936420 per outstanding common and preferred share. This amount includes anticipations already paid by March 2026 totaling R$ 33,164,450,734.32 and an additional fourth-quarter 2025 distribution of R$ 8,071,299,265.68. The fourth-quarter portion corresponds to R$ 0.62622908 per share, to be updated by the Selic rate until payment.
For shares traded on B3, the record date is April 22, 2026, with ex-rights trading from April 23, 2026. Considering monetary adjustment up to the record date, the gross amount to be paid is R$ 0.65252818 per share, in two installments, and will continue to be updated by the Selic rate until the payment dates. For ADRs on the NYSE, the record date is April 24, 2026, with payments starting on May 28, 2026 and June 29, 2026. Income tax will apply to the monetary adjustment portion under current legislation.
Positive
- AGM approves substantial 2025 shareholder remuneration of R$ 41.24 billion, equal to R$ 3.19936420 per share, reflecting a significant cash return to common and preferred shareholders.
- Fourth-quarter 2025 distribution of R$ 8.07 billion (R$ 0.62622908 per share) will be updated by the Selic rate, modestly enhancing cash received by investors until payment.
Negative
- None.
Insights
Petrobras approves a very large 2025 cash distribution to shareholders.
The AGM approved total 2025 shareholder remuneration of R$ 41.24B, equal to R$ 3.19936420 per share. This includes prior anticipations of R$ 33.16B plus a fourth-quarter 2025 distribution of R$ 8.07B, signaling substantial cash returns for equity holders.
The fourth-quarter tranche equals R$ 0.62622908 per share, adjusted by the Selic rate from December 31, 2025 to the payment dates. For B3 investors, the key dates are the April 22, 2026 record date and ex-rights from April 23, 2026. ADR holders have a April 24, 2026 record date with payments beginning on May 28, 2026 and June 29, 2026.
The filing notes that amounts will keep accruing Selic until payment and that income tax will be levied on the monetary adjustment. The scale of the cash return is potentially meaningful for valuation, but the long-term impact still depends on future operating performance and capital allocation decisions disclosed in later periods.
Key Figures
Key Terms
Annual General Meeting financial
Selic rate financial
record date financial
ex-rights financial
ADR holders financial
FAQ
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What are the key dates for Petrobras (PBR) ADR holders receiving 2025 remuneration?
How much of Petrobras (PBR) 2025 remuneration was paid as anticipations?
AI-generated analysis. How Rhea-AI works. Not financial advice.