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Braskem SA
(NYSE:BAK)
Braskem SA (BAK) vs. SPDR S&P 500 ETF (SPY)
Braskem SA Business Overview & Revenue Model
Braskem SA Earnings Call Summary
Braskem SA Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.73B | 77.41B | 70.57B | 96.52B | 105.63B | 58.54B |
| Gross Profit | 5.07B | 6.00B | 3.02B | 11.36B | 32.06B | 11.21B |
| EBITDA | 5.64B | 2.70B | 3.80B | 8.84B | 27.28B | -1.65B |
| Net Income | -5.81B | -11.32B | -4.58B | -820.00M | 13.98B | -7.02B |
Balance Sheet | ||||||
| Total Assets | 91.30B | 101.58B | 91.74B | 88.05B | 92.56B | 86.08B |
| Cash, Cash Equivalents and Short-Term Investments | 10.30B | 16.77B | 19.14B | 14.76B | 11.34B | 16.17B |
| Total Debt | 65.37B | 73.72B | 59.91B | 52.78B | 53.53B | 59.56B |
| Total Liabilities | 94.56B | 105.85B | 88.46B | 81.94B | 86.36B | 89.95B |
| Stockholders Equity | -3.81B | -4.78B | 3.99B | 7.32B | 7.87B | -2.20B |
Cash Flow | ||||||
| Free Cash Flow | -5.76B | -1.33B | -6.80B | 4.10B | 11.37B | 3.53B |
| Operating Cash Flow | -2.59B | 2.44B | -2.27B | 8.95B | 14.79B | 6.29B |
| Investing Cash Flow | -2.92B | -3.48B | -4.53B | -4.95B | -3.38B | -2.72B |
| Financing Cash Flow | 520.00M | 469.00M | 8.87B | 225.00M | -16.97B | 2.17B |
Braskem SA Technical Analysis
Braskem SA Risk Analysis
Braskem SA Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $499.03M | 6.55 | 9.85% | 3.44% | 1.31% | 796.76% | |
| ― | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
| ― | $1.42B | ― | -10.43% | 12.22% | -1.56% | -259.58% | |
| ― | $16.92B | ― | -6.39% | 10.27% | -5.25% | -208.14% | |
| ― | $4.21B | ― | -25.69% | 0.31% | -5.83% | -183.85% | |
| ― | $554.84M | -2.22 | -14.11% | 12.14% | 0.20% | -292.54% | |
| ― | $1.06B | -1.00 | ― | ― | -3.33% | 44.37% |
Braskem SA Corporate Events
On October 21, 2025, Braskem S.A. addressed a request from the Brazilian Securities and Exchange Commission for clarification regarding a news report about a complaint filed against the company by the Federal Public Ministry of Alagoas. The complaint, related to the exploration of rock salt in Maceió, was reported on October 19, 2025. Braskem stated that it became aware of the complaint on October 16, 2025, but has not yet accessed its content due to judicial secrecy. The company has been updating stakeholders on the ongoing Federal Police investigation in Alagoas through its financial statements, indicating its commitment to transparency.
Braskem S.A. has announced an Extraordinary General Meeting to be held on November 13, 2025, with the agenda focusing on the replacement of a board member, amendments to the company’s bylaws, and the consolidation of these amendments. The meeting will be conducted digitally, allowing shareholders to participate via a digital platform or remote voting. These changes aim to align the company’s governance with its current operational realities and streamline decision-making processes, potentially impacting its strategic direction and stakeholder engagement.
Braskem S.A. has announced an Extraordinary General Meeting scheduled for November 13, 2025, to address several key governance issues. The agenda includes the replacement of a board member, amendments to the company’s bylaws, and the consolidation of these bylaws to reflect recent changes. This meeting underscores Braskem’s commitment to enhancing its corporate governance practices and may have implications for its strategic direction and stakeholder engagement.
Braskem S.A. announced an upcoming Extraordinary General Meeting scheduled for November 13, 2025, where shareholders will address several key proposals. These include the replacement of a board member, amendments to the company’s bylaws to align with current operations, and updates to the election process for the Board of Directors. The meeting will be held digitally, allowing shareholders to participate remotely. These changes aim to enhance governance and operational efficiency, potentially impacting Braskem’s strategic direction and stakeholder engagement.
Braskem S.A. has announced the procedures for shareholders to participate in its upcoming Extraordinary General Meeting (EGM) scheduled for November 13, 2025. The company is facilitating remote voting through a distance voting ballot, which must be submitted by November 9, 2025, to be considered valid. This initiative underscores Braskem’s commitment to enhancing shareholder engagement and ensuring broad participation in corporate governance matters.
In September 2025, Braskem S.A. reported its securities and derivatives operations, indicating no new activities beyond those required by regulatory compliance. The report highlights the company’s adherence to financial regulations, reflecting its commitment to transparency and accountability in its financial operations.
In September 2025, Braskem S.A. reported no transactions involving securities and derivatives by its management and related persons, as per Article 11 of CVM Instruction #358/2002. This announcement indicates a stable period in the company’s trading activities, potentially reflecting a steady operational phase or strategic decision-making by the management.
On October 7, 2025, Braskem S.A. addressed a request from the Securities and Exchange Commission of Brazil for clarification regarding a news report about a potential takeover by creditor banks and Petrobras. Braskem clarified that it is not involved in any negotiations concerning the sale of controlling interest and is unaware of the reported information, with both Novonor and Petrobras denying involvement in such discussions.
On October 3, 2025, Braskem S.A. announced the withdrawal of a US$1.0 billion stand-by credit facility, increasing its available cash to US$2.3 billion. This move aligns with Braskem’s conservative cash management strategy and aims to mitigate the impacts of a prolonged industry downturn, reinforcing its commitment to stakeholders and enhancing its market position.
On October 1, 2025, Braskem S.A. announced that the Administrative Council for Economic Defense (CADE) has approved the Concentration Act No. 08700.006808/2025-81, submitted by NSP Investimentos S.A. and Petroquímica Verde Fundo de Investimento em Participações. This approval, which was unanimous and without restrictions, marks a significant step in the ongoing negotiations between the involved parties. Braskem has committed to keeping the market informed of any further developments, highlighting the potential impact on its operations and strategic positioning within the industry.
On September 29, 2025, Braskem S.A. announced that its corporate credit ratings were downgraded by Fitch Ratings and S&P Global Ratings to CCC+ and CCC- with a negative outlook, respectively. This development underscores the challenges Braskem faces amid a prolonged global downturn in the chemical industry. The company remains committed to implementing resilience and transformation initiatives to mitigate these impacts and strengthen its market position.
On September 26, 2025, Braskem S.A. announced that it has engaged financial and legal advisors to explore economic-financial alternatives aimed at optimizing its capital structure. This initiative is part of the company’s efforts to address the challenges posed by a prolonged industry downturn and to reinforce its commitment to stakeholders by implementing transformation initiatives to strengthen its market position.
On September 19, 2025, Braskem S.A. announced that S&P Global Ratings has downgraded its global corporate credit rating to B+ with a negative outlook. The company is actively working on resilience initiatives to counteract the prolonged downturn in the petrochemical industry cycle, aiming to bolster the competitiveness of the Brazilian chemical sector.
In August 2025, Braskem S.A. reported no transactions involving securities and derivatives executed by management and related persons, as per Article 11 of CVM Instruction #358/2002. This disclosure is part of the company’s ongoing compliance with regulatory requirements, reflecting transparency in its financial activities and potentially impacting stakeholder confidence.
In August 2025, Braskem S.A. reported on its operations involving securities and derivatives, adhering to regulatory requirements. The company disclosed its holdings and trading activities, which reflect its compliance with financial regulations and its ongoing efforts to maintain transparency with stakeholders.
On September 8, 2025, Braskem S.A. announced that its subsidiary, Braskem Idesa, has engaged financial and legal advisors to review its capital structure and liquidity conditions. This move is part of Braskem Idesa’s strategy to address macroeconomic uncertainties, commodity price volatility, and increased input costs, aiming to preserve liquidity and improve overall results.
On August 19, 2025, Braskem S.A. entered into a related-party transaction with Refinaria de Petróleo Riograndense S.A. (RPR) for the purchase of petrochemical naphtha, valued at approximately R$270 million. This agreement, effective from September to December 2025, involves spot-based purchases with prices referenced to international standards, highlighting Braskem’s strategic procurement approach and its potential impact on operational efficiency.
On August 28, 2025, Braskem S.A. announced that it is exploring various options to address challenges related to the capital structure of its joint venture, Braskem Idesa, due to external factors impacting the global petrochemical industry. The company has committed to keeping the market informed of any significant developments, which may have implications for its operations and stakeholders.
On August 27, 2025, Braskem S.A. announced that the Ministry of Development, Industry, Commerce and Services approved provisional anti-dumping duties on polyethylene resin imports from the United States and Canada. This decision, effective upon publication in the Federal Official Gazette, is expected to last up to six months, potentially impacting Braskem’s market positioning by reducing competition from these imports.
On August 27, 2025, Braskem S.A. addressed a request for clarification from the Securities and Exchange Commission of Brazil regarding news about the withdrawal of businessman Nelson Tanure from negotiations to take control of the company. Despite the expiration of a 90-day exclusivity period with Petroquímica Verde Investment Fund, Braskem continues discussions about divestment with Novonor. The company confirmed that no new material facts have emerged to alter previous disclosures, maintaining its current strategic direction.
On August 22, 2025, Braskem S.A. announced that Novonor S.A. is continuing discussions with Petroquímica Verde Fundo de Investimentos regarding the divestment of its stake in Braskem, despite the expiration of a 90-day exclusivity period. This ongoing negotiation could impact Braskem’s ownership structure and market positioning, with potential implications for shareholders and stakeholders.
On August 13, 2025, Braskem S.A. announced that Fitch Ratings has downgraded its global corporate credit rating to BB-, with a Negative Outlook. This revision reflects the ongoing challenges in the global petrochemical industry, impacting the company’s liquidity. In response, Braskem is implementing resilience initiatives to mitigate these effects and bolster the competitiveness of the Brazilian chemical industry.
On August 8, 2025, Braskem S.A. announced that it has begun discussions with Unipar Carbocloro S.A. regarding potential transactions involving its assets in the United States. While no definitive agreements have been made, Braskem is exploring opportunities as part of its regular activities and remains committed to its Resilience and Transformation Program to address challenges in the global petrochemical industry.
On August 7, 2025, Braskem S.A. submitted a report under Form 6-K to the Securities and Exchange Commission, signed by Chief Financial Officer Felipe Montoro Jens. The report includes forward-looking statements about the company’s future economic circumstances, industry conditions, and performance, highlighting potential impacts from a geological event in Alagoas and the COVID-19 pandemic on its operations and financial results.
In the second quarter of 2025, Braskem S.A. faced challenges due to global trade tensions and tariff uncertainties, which led to a decrease in international reference prices for key products like PE, PP, and PVC. Despite these challenges, the company recorded a recurring EBITDA of US$74 million and a net profit of R$431 million in the first half of 2025. The Brazil/South America segment saw stable plant utilization and increased resin sales, while the U.S. and Europe segment faced higher feedstock costs, resulting in a negative recurring EBITDA. In Mexico, Braskem Idesa began its first general maintenance stoppage, affecting ethane supply. The Brazilian chemical industry’s low idleness rate and discussions on competitive parity measures like PRESIQ are seen as crucial for enhancing industry competitiveness.
On August 7, 2025, Braskem S.A. filed a report with the Securities and Exchange Commission, signed by CFO Felipe Montoro Jens. The report, submitted under Form 6-K, highlights the company’s adherence to regulatory requirements and includes a disclaimer on forward-looking statements, indicating potential impacts from legal proceedings and economic conditions on its operations.
On August 5, 2025, Braskem S.A. announced a related-party transaction involving its controlled company, Voqen Energia Ltda., and Petrobras. The agreement, signed on July 28, 2025, entails the supply of natural gas by Petrobras to Voqen under a firm and non-flexible contract to meet Braskem’s needs in Rio Grande do Sul. The contract, valued at approximately R$ 324 million, is set to run from August 1, 2025, to December 31, 2026, and aligns with Braskem’s Related Party Transactions Policy. This strategic move is expected to enhance Braskem’s operational efficiency and secure its energy supply in the region.
In the second quarter of 2025, Braskem S.A. faced challenges due to global trade tensions and tariff uncertainties, leading to a decrease in international reference prices for key products like PE and PP. This, combined with higher feedstock costs from previous periods, impacted the company’s profitability. Efforts were made to optimize inventory levels and improve operational efficiency. In Mexico, a maintenance shutdown at Braskem Idesa affected PE production, while in Brazil, the company saw increased resin sales due to anticipated price changes. Exports rose significantly compared to the previous quarter, driven by higher product availability. The company’s operations in the United States and Europe experienced mixed results, with increased demand in the U.S. but lower production in Europe due to feedstock supply issues.