Q4 2025 Brava Energia SA Earnings Call Transcript

Mar 12, 2026 / 05:00 PM GMT

Transcript

Key Points

Positve

Brava Energia SA (BSP:BRAV3) achieved a significant milestone by being awarded the OTC award for the Atlanta Project, marking it as the first independent Brazilian company to receive this recognition.
The company reported a 46% increase in production, reaching over 81,000 barrels of oil equivalent daily, setting a new production record.
Revenue exceeded $2 billion, with an EBITDA of over $800 million, reflecting strong operational growth and financial performance.
Brava Energia SA successfully reduced its lifting costs to an all-time low, enhancing operational efficiency.
The company has a robust cash position with over $1 billion, enabling it to maintain liquidity and support future investments.

Negative

The company faces potential impacts from recent announcements regarding taxation on oil exports, which could affect its revenue.
There is uncertainty regarding the macroeconomic environment and oil price volatility, which could impact future financial performance.
Brava Energia SA's hedging strategy, while protective, may limit its ability to fully capitalize on potential oil price increases.
The company has a significant investment planned for 2026, which could increase leverage if not managed carefully.
Operational challenges, such as the temporary shutdown in the Potigui cluster, have impacted production levels in the onshore segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BRAV3.SA - Brava Energia SA
Q4 2025 Brava Energia SA Earnings Call
Mar 12, 2026 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day everyone.

Welcome to the conference call to discuss Bravo Energy's fourth quarter 2025 earnings results.

The presentation and comments about the results will be made by Brava's CEO Richard Kovacs and other members of the management.

There is simultaneous interpreting on the platform.

To access it, you need to click on the interpretation button on the bottom of the screen and choose the language of your preference. This conference call is being recorded and will be available on the company's IR website, RI.brava Energia.com.

You can also find the presentation that we will show here. I'd like to remind you that all participants will be in listen-only mode during the company's

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