Braskem Sa ( (BAK) ) has released its Q4 earnings. Here is a breakdown of the information Braskem Sa presented to its investors.
Braskem S.A. is a leading petrochemical company in the Americas and a global leader in biopolymers, specializing in the production of resins and chemicals. In its latest earnings report, Braskem highlighted a significant increase in its recurring EBITDA for 2024, up 46% from the previous year, reaching US$1.1 billion. The company also reported a recurrent cash generation of R$261 million in the fourth quarter of 2024.
The report detailed key financial metrics, including a net revenue of US$3.3 billion for the fourth quarter, a slight decrease from the previous quarter. The utilization rates across its operations in Brazil, the United States, Europe, and Mexico varied, with notable decreases in the United States and Europe due to seasonal demand fluctuations and maintenance shutdowns. Despite these challenges, Braskem managed to increase its sales volume of Green PE, achieving the highest quarterly sales since 2010.
Braskem’s financial performance was impacted by various factors, including lower international spreads for key products like polyethylene and chemicals, as well as operational challenges in some regions. The company’s net income was negatively affected, resulting in a loss of R$5.6 billion for the quarter. However, Braskem maintained a strong cash position, with US$2.4 billion available to cover upcoming debt maturities.
Looking ahead, Braskem’s management remains focused on navigating market challenges and optimizing its operations. The company aims to leverage its strong cash position and strategic initiatives to enhance its financial performance and maintain its leadership in the petrochemical industry.