Petroreconcavo (RECV3) Investor presentation summary

Operational highlights and assets

• Operates 32 concessions in Rio Grande do Norte and 25 in Bahia and Sergipe, with over 700 producing wells and 6 exploration blocks.

• Achieved net revenue of R$ 684 million and EBITDA of R$ 310 million in 1Q26, with a leverage ratio of 1.04x and net debt of R$ 1.4 billion.

• 2P reserves stand at 182.2 MMboe, supporting 19 years of production at 2025 pace.

• Production in 1Q26 averaged 24.4 kboed, with ongoing drilling and workover activities to sustain output.

Strategic pillars and growth initiatives

• Focuses on subsurface management, production reliability, and excellence in execution to maximize recovery and value.

• Pursues reserve replacement with a 1.0x RRR and future reserves development cost of US$ 8.4/boe.

• Expanding midstream operations, including a 50% stake in Guamaré UPGN and new gas treatment units.

• Diversifies oil and gas commercialization routes, reducing processing and outflow costs by 53% in RN.

Financial performance and capital allocation

• Maintains competitive breakeven cash cost at US$ 30.61/boe and netback of US$ 29.49/boe in 1Q26.

• Free cash flow generation and disciplined capex, with R$ 1,089 million in shareholder remuneration declared for 2026.

• Debt leverage at 1.04x, with extended maturities and decreasing average cost through four debenture issuances.

• Holds AA.br rating and a strong cash position, supporting ongoing investments and shareholder returns.