Prio (PRIO3) Corporate presentation summary

Strategic positioning and growth

• Largest independent oil and gas producer in Brazil, focused on value creation through cost reduction and revitalization of mature fields.

• Demonstrated expertise in redeveloping fields and a strong M&A track record, with recent acquisitions expanding reserves and production.

• Technical team recognized as an A-Operator by ANP and strong governance, attracting capital and enabling operational synergies.

Asset portfolio and production

• Key assets include 100% stakes in Polvo, Tubarão Martelo, and Frade, 90% in Albacora Leste, and 80% in Peregrino, with Peregrino expected to reach 100% in 2026.

• 1Q26 production: 32.7 kbpd (Valente), 15.8 kbpd (Bravo), 26.4 kbpd (Albacora Leste), 80.3 kbpd (Peregrino), totaling 155.4 kbpd net.

• Recent Peregrino acquisition added 40,000 bpd, boosting total output above 150,000 bpd.

Operational efficiency and cost management

• Continuous reduction in lifting costs, reaching single-digit levels in 1Q26 due to operational optimization and new production from Wahoo and Peregrino.

• Significant cost rationalization across assets, with Polvo, Frade, Tubarão Martelo, and Albacora Leste all showing major OPEX reductions.

• High operational efficiency: 99.3% (Valente), 98.8% (Bravo), 95.4% (Albacora Leste), 97.7% (Peregrino) in 1Q26.