STOCK TITAN

Petrobras (PBR) AGM approves R$41.2B in 2025 shareholder remuneration

(Neutral)
(Neutral)
Form Type
6-K

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.

Total 2025 shareholder remuneration R$ 41,235,750,000.00 Approved by AGM for fiscal year 2025
Total per-share remuneration 2025 R$ 3.19936420 per share Per outstanding common and preferred share for 2025
Anticipations paid by March 2026 R$ 33,164,450,734.32 Remuneration anticipations approved during 2025
Fourth-quarter 2025 distribution R$ 8,071,299,265.68 Additional shareholder remuneration for Q4 2025
Q4 2025 per-share amount R$ 0.62622908 per share Per outstanding common and preferred share, Selic-adjusted
Adjusted per-share amount to record date R$ 0.65252818 per share Includes R$ 0.02629910 monetary adjustment to April 22, 2026 record date
B3 record date April 22, 2026 Record date for Petrobras shares traded on B3
NYSE ADR record date April 24, 2026 Record date for ADR holders on NYSE
Annual General Meeting financial
"at a meeting held today, the Annual General Meeting (AGM) approved the remuneration"
Selic rate financial
"duly adjusted by the Selic rate from the date of each payment until December 31, 2025"
record date financial
"the record date will be April 22, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
ex-rights financial
"Petrobras shares will be traded ex-rights as of April 23, 2026"
A stock trading "ex-rights" means new buyers of the share no longer receive the extra subscription rights that let holders buy newly issued shares at a special price; only holders on the record before that ex-rights date keep those rights. This matters to investors because the share price typically adjusts to reflect the loss of that entitlement, so knowing whether a trade is ex-rights determines who gets the opportunity to buy new shares and how the purchase compares in value.
ADR holders financial
"For holders of ADRs traded on the New York Stock Exchange (NYSE)"
Shareholder Remuneration Policy financial
"The Shareholder Remuneration Policy can be accessed on the IR company's website"

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FAQ

What total 2025 shareholder remuneration did Petrobras (PBR) approve?

Petrobras approved total shareholder remuneration of R$ 41,235,750,000.00 for fiscal 2025. This equals R$ 3.19936420 per outstanding common and preferred share, including anticipations paid during 2025 and an additional fourth-quarter 2025 distribution.

How much is Petrobras (PBR) paying per share for the fourth quarter of 2025?

For the fourth quarter of 2025, Petrobras set shareholder remuneration at R$ 0.62622908 per share. This amount will be updated by the Selic rate from December 31, 2025 until the payment dates, increasing the final cash amount.

What is the record date and ex-rights date for Petrobras (PBR) shares on B3?

For shares on B3, the record date is April 22, 2026, and Petrobras shares trade ex-rights from April 23, 2026. Considering adjustment to the record date, the gross amount is R$ 0.65252818 per share, still accruing Selic until payment.

What are the key dates for Petrobras (PBR) ADR holders receiving 2025 remuneration?

For ADRs on the NYSE, the record date is April 24, 2026. The first installment is payable from May 28, 2026 and the second from June 29, 2026, with amounts updated by the Selic rate until these payment dates.

How much of Petrobras (PBR) 2025 remuneration was paid as anticipations?

Anticipations approved throughout 2025 and paid by March 2026 totaled R$ 33,164,450,734.32. These partial payments were adjusted by the Selic rate from each payment date to December 31, 2025 and form part of the total R$ 41.24 billion distribution.

Will Petrobras (PBR) shareholder remuneration be subject to income tax?

Under current Brazilian tax legislation, income tax will be levied on the monetary adjustment portion of Petrobras’ shareholder remuneration. The base amounts are updated by the Selic rate, and the taxation applies specifically to that Selic-derived adjustment.

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

 

For the month of April, 2026

 

Commission File Number 1-15106

 

 

PETRÓLEO BRASILEIRO S.A. – PETROBRAS

(Exact name of registrant as specified in its charter)

 

Brazilian Petroleum Corporation – PETROBRAS

(Translation of Registrant's name into English)

 

Avenida Henrique Valadares, 28 – 9th floor 
20231-030 – Rio de Janeiro, RJ
Federative Republic of Brazil

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

 

 

 
 

 

 

 

Petrobras informs about shareholder remuneration

Rio de Janeiro, April 16, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact published on March 5, 2026, informs that, at a meeting held today, the Annual General Meeting (AGM) approved the remuneration to shareholders relating to the fiscal year 2025, in the total amount of R$ 41,235,750,000.00, representing R$ 3.19936420 per outstanding common and preferred share. This amount includes the anticipations approved throughout 2025, already paid by March 2026, duly adjusted by the Selic rate from the date of each payment until December 31, 2025, totaling R$ 33,164,450,734.32, in addition to the proposed shareholder remuneration for the fourth quarter of 2025 in the amount of R$ 8,071,299,265.68.

 

The distribution related to the fourth quarter of 2025 is equivalent to R$ 0.62622908 per outstanding common and preferred share, an amount that will be updated by the Selic rate from the end of the fiscal year (December 31, 2025) until the payment dates.

 

Record date: For holders of shares issued by Petrobras traded on B3, the record date will be April 22, 2026. Petrobras shares will be traded ex-rights as of April 23, 2026.

 

Considering the monetary adjustment only up to the record date, the amount per share to be distributed has an increment of R$ 0.02629910, resulting in a total gross amount per share of R$ 0.65252818 (updated only until the record date). It is worth reiterating that this amount will continue to be updated by the Selic rate until the payment dates.

 

The payment will be made in two installments, as follows:

 

Amount to be paid (considering the monetary adjustment up to the record date): R$ 0.65252818 per outstanding common and preferred share:

 

(i)the first installment, in the amount of R$ 0.32626409 per outstanding common and preferred share, will be paid on May 20, 2026, entirely in the form of interest on equity.

 

(ii)the second installment, in the amount of R$ 0.32626409 per outstanding common and preferred share, will be paid on June 22, 2026, entirely in the form of interest on equity.

It is important to stand out that the final updated amounts of each installment will be released to the Market 5 business days before the payments dates and that, in accordance with current tax legislation, income tax will be levied on the monetary adjustment of the amounts.

 

 

Detentores de ADRs: Para os detentores de ADRs negociados na New York Stock Exchange (NYSE), a

record date será em 24 de abril de 2026 e os pagamentos da primeira e da segunda parcela serão feitos, respectivamente, a partir de 28 de maio de 2026 e de 29 de junho de 2026.

 

ADR holders: For holders of ADRs traded on the New York Stock Exchange (NYSE), the record date will be April 24, 2026, and the payments of the first and second installments will be made, respectively, as of May 28, 2026 and as of June 29, 2026.

 

The Shareholder Remuneration Policy can be accessed on the IR company's website (http://www.petrobras.com.br/ri).

 

www.petrobras.com.br/ri

Para mais informações:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Relações com Investidores

E-mail: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares 28 – 9º andar – 20031-030 – Rio de Janeiro, RJ

Tel.: 55 (21) 3224-1510/9947

 

Este documento pode conter previsões segundo o significado da Seção 27A da Lei de Valores Mobiliários de 1933, conforme alterada (Lei de Valores Mobiliários) e Seção 21E da lei de Negociação de Valores Mobiliários de 1934 conforme alterada (Lei de Negociação) que refletem apenas expectativas dos administradores da Companhia. Os termos: “antecipa”, “acredita”, “espera”, “prevê”, “pretende”, “planeja”, “projeta”, “objetiva”, “deverá”, bem como outros termos similares, visam a identificar tais previsões, as quais, evidentemente, envolvem riscos ou incertezas, previstos ou não, pela Companhia. Portanto, os resultados futuros das operações da Companhia podem diferir das atuais expectativas, e, o leitor não deve se basear exclusivamente nas informações aqui contidas.

 
 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: April 16, 2026

 

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer