The company attained a net revenue of R$ 2.9 billion in that period 

BRAVA Energia reported an adjusted EBITDA of R$ 1.1 billion in the first quarter of 2025, according to the financial results released by the company on Monday (2025/5/12). The consolidated net revenue for the period was R$ 2.9 billion, a 47% increase compared to the previous quarter. Meanwhile, the net income totaled R$ 829 million. The company also ended the quarter with a solid cash position of approximately US$ 831 million.

Average production, which was 70,800 barrels of oil equivalent per day during the 1Q25, reached 82,000 barrels per day in April, setting a new company record. Of April’s 82,000 barrels, 69,000 were oil.

The onshore lifting cost stood out, due to its reduction for the second consecutive quarter, which was down to US$ 16.7.

The company’s CEO, Décio Oddone, states that, “We closed the first quarter of the year with consistent results that reinforce the efficiency of our strategy. We registered a production record, a milestone that demonstrates the constant evolution of our assets and the delivery capability of our teams. We are confident of even greater growth going forward”.

Production record – The month of April was marked by important factors, such as the company’s production record of 82,000 barrels of oil equivalent per day and completion of the connecting of two wells in the Atlanta field – enabling the field’s FPSO to produce from four different wells. Atlanta also registered a production record in April, with 34,000 barrels per day.

Furthermore, during this period, BRAVA’s current Offshore Operations director, Carlos Travassos, took office and the company published its first Annual and Sustainability Report, reflecting its alignment with the market´s best practices.