FRBH reports 2026 second quarter results

Highlights for the Consolidated Financials for the Quarter Ended June, 30, 2026

- Production averaged 4,139 BOE per calendar days of Oil Products and 41 tonnes per day of Sulfur; Processing of shale ore averaged 214 tonnes per hour and a total of 32,6k tonnes of oil sludge was processed. An additional 405 BOE per day was invoiced as deferred revenue related to minimum sales contracts

- OCB1 benchmark averaged a 22% premium to Brent resulting in a realized premium to Brent for Fuel Oil Sales of 9%.

- Sales volume increased 7% QoQ with an additional 5,582 tonnes invoiced as deferred sales during period; Totaling 38,753 tonnes of oil products (consisting of: Fuel Oil – 25,786 tonnes; Naphtha – 7,486 tonnes; Gas – 2,519 tonnes – 3,148,750 m3; and LPG – 2,961 tonnes) and 3,244 tonnes of Sulfur.

- Net revenue increased 59% QoQ; Totaling BRL 151,294 (USD 29,954).

- Continuation of the cost reduction program, which resulted in savings of BRL 10,415 in the second quarter of 2026 for budgeted and BRL 10,201 unbudgeted items, totaling BRL 32,541 in savings for the first semester.

- EBITDA totaled BRL 29,128 (USD 5,767).