Petrobras Approves R$41.2 Billion Shareholder Remuneration for Fiscal Year 2025
Summary
Petrobras's Annual General Meeting approved a total shareholder remuneration of R$41.23 billion for fiscal year 2025, with the remaining R$8.07 billion to be paid in two installments in May and June 2026.
Key Events
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AGM Approves R$41.2 Billion Remuneration
The Annual General Meeting approved a total shareholder remuneration of R$41,235,750,000.00 for fiscal year 2025, equivalent to R$3.19936420 per outstanding common and preferred share. This follows up on a Material Fact published on March 5, 2026.
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Q4 2025 Distribution Finalized
The approved amount includes a proposed R$8,071,299,265.68 for the fourth quarter of 2025, which translates to R$0.62622908 per share, updated by the Selic rate until payment dates. The amount per share, updated to the record date, is R$0.65252818.
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Two Installment Payments Scheduled
The Q4 2025 distribution will be paid in two installments of R$0.32626409 per share each, entirely as interest on equity. The first installment is due on May 20, 2026, and the second on June 22, 2026.
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Record Dates Set for B3 and NYSE ADRs
The record date for shares traded on B3 is April 22, 2026 (ex-rights April 23, 2026). For ADR holders on the NYSE, the record date is April 24, 2026, with payments starting May 28, 2026, and June 29, 2026, respectively.
Analysis
Petrobras's Annual General Meeting has formally approved a substantial shareholder remuneration totaling R$41.23 billion for the 2025 fiscal year. This significant payout, which includes previously paid anticipations and a new distribution for the fourth quarter of 2025, underscores the company's strong financial performance and commitment to returning value to shareholders. The finalization of these terms, including specific payment dates and amounts, provides clarity to investors following earlier announcements and comes as the stock trades near its 52-week high, reinforcing positive market sentiment.
At the time of this filing, PBR was trading at $21.56 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $131.4B. The 52-week trading range was $11.04 to $22.05. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.