EarningsQ2 2026 Earnings Report
DE:BRD Q2 2026 EPS Results
Actual EPS€1.43
Consensus EPS€1.07
Beat/MissBeat by +€0.36
One Year Ago EPS-€0.13
DE:BRD Q2 2026 Revenue Results
Actual Revenue€3.82B
Expected Revenue€3.83B
Beat/MissMissed by -€16.90M
YoY Revenue Growth+36.39%
Earnings Announcement Details
QuarterQ2 2026
Date08/13/2026
TimeAfter Close
Conference CallThursday, August 13, 2026
DE:BRD Upcoming Earnings
Braskem SA's next earnings date is estimated for November 12, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:BRD Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The quarter delivered materially stronger profitability driven by temporary international spread improvements and several one-off benefits (tax credits, demurrage recoveries), with solid operational achievements (green PE growth, high remediation completion). However, management emphasized that the spread improvement is largely tactical and external consultants expect a pronounced normalization in H2'26. Sales volumes declined in key domestic and Mexican markets, the industry faces structural overcapacity and moderate demand, and Braskem continues to pursue a capital-structure restructuring and liquidity preservation measures. Given the mix of strong near-term financials but significant medium-term and structural risks, the tone of the call is balanced between positive execution and important challenges ahead.Company Guidance
Consolidated EBITDA and Margin Expansion
Consolidated recurring EBITDA of $1.043 billion in Q2'26 with an EBITDA margin of 24%, driven by higher international spreads (resins and chemicals) and positive one-off effects. Operating cash generation totaled $385 million and recurring cash generation was approximately $210 million; net cash consumption around $15 million after Alagoas disbursements and lease purchase payments.
Strong Brazil Segment Profitability
Brazil segment recurring EBITDA of $869 million, a 261% increase versus the prior quarter, driven by roughly a 50% increase in resins and major chemicals spreads on international markets, plus a $115 million PIS/COFINS feedstock credit and ~$27 million recovery of demurrage credits; petrochemical plant utilization in Brazil was +1 percentage point QoQ.
Significant Green Polyethylene Growth and Commercial Wins
Green polyethylene sales increased 49% QoQ and green ethylene plant utilization rose 2 percentage points QoQ. Commercial highlight: renewal of the New Balance partnership to use I’m green bio-based EVA in running shoe soles.
Improved Margins in U.S./Europe and Mexico
U.S. & Europe recurring EBITDA of $147 million (utilization 76%, down 3 pp due to scheduled maintenance) benefited from a ~28% rise in average polypropylene spreads. Mexico delivered recurring EBITDA of $57 million, helped by a 73% increase in international polyethylene spreads despite lower utilization.
Alagoas Remediation Progress and Provisions Managed
Relocation and compensation work in Maceió reached ~99.9% completion; ~99.7% of financial compensation proposals accepted/paid. Total financial provision implemented ~BRL 18.2 billion (BRL 14.6 billion already disbursed, ~BRL 1.2 billion reclassified), with remaining provision balance ~BRL 3.2 billion. Cavities: 6 filled naturally, 8 completed, 6 at technical fill limit, 3 in filling, 1 planned.
CapEx Discipline and Alignment with Plan
2026 global asset CapEx (ex-Idesa) guided at $485 million; 35% of expected annual CapEx spent by mid-year, in line with the prior-year pace. Company reiterates focus on capital allocation discipline and preservation/optimization of liquidity.
DE:BRD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed