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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 77.41B | 70.57B | 96.52B | 105.63B | 58.54B |
| Gross Profit | 6.00B | 3.02B | 11.36B | 32.06B | 11.21B |
| EBITDA | 2.70B | 3.80B | 8.84B | 27.28B | -1.65B |
| Net Income | -11.32B | -4.58B | -820.00M | 13.98B | -7.02B |
Balance Sheet | |||||
| Total Assets | 101.58B | 91.74B | 88.05B | 92.56B | 86.08B |
| Cash, Cash Equivalents and Short-Term Investments | 16.77B | 19.14B | 14.76B | 11.34B | 16.17B |
| Total Debt | 73.72B | 59.91B | 52.78B | 53.53B | 59.56B |
| Total Liabilities | 105.85B | 88.46B | 81.94B | 86.36B | 89.95B |
| Stockholders Equity | -4.78B | 3.99B | 7.32B | 7.87B | -2.20B |
Cash Flow | |||||
| Free Cash Flow | -1.33B | -6.80B | 4.10B | 11.37B | 3.53B |
| Operating Cash Flow | 2.44B | -2.27B | 8.95B | 14.79B | 6.29B |
| Investing Cash Flow | -3.48B | -4.53B | -4.95B | -3.38B | -2.72B |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | 526.41M | 6.91 | 9.39% | 3.35% | 1.31% | 796.76% | |
54 Neutral | 1.65B | -4.94 | -11.39% | 11.25% | -1.56% | -259.58% | |
50 Neutral | 699.09M | -2.47 | -15188.34% | 10.90% | 0.20% | -292.54% | |
46 Neutral | 16.40B | -15.85 | -5.69% | 11.04% | -2.82% | -186.41% | |
45 Neutral | 4.64B | -2.70 | -30.71% | 1.98% | -5.83% | -183.85% | |
44 Neutral | $1.31B | ― | -8638.28% | ― | -3.33% | 44.37% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Braskem SA Corporate Events
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.
On July 17, 2025, Braskem S.A. announced that the General Superintendence of the Administrative Council for Economic Defense (CADE) approved, without restrictions, a concentration act related to a potential transaction involving shares issued by NSP Investimentos S.A., which is under judicial reorganization. This approval is subject to a 15-day period for third-party comments or for the case to be reviewed by CADE’s Tribunal. This decision marks a significant step in Braskem’s strategic operations, potentially impacting its market positioning and stakeholder interests.
On July 11, 2025, Braskem S.A. announced that it has been informed of a Public Civil Action filed by the Public Defender’s Office of the State of Alagoas, seeking compensation for residents and property owners affected by a geological event in Alagoas. The action attributes a value of R$4 billion to the cause. Although Braskem has not yet been officially notified, the company plans to evaluate the situation and take appropriate legal measures, keeping stakeholders informed of any significant developments.
On July 10, 2025, Braskem S.A. submitted a report under the Securities Exchange Act of 1934, signed by CFO Felipe Montoro Jens. The report includes forward-looking statements regarding the company’s financial and operational strategies, as well as potential impacts from legal proceedings related to a geological event in Alagoas and the COVID-19 pandemic. These statements highlight the company’s current management perspectives and the inherent risks and uncertainties that could affect future outcomes.
On July 10, 2025, Braskem S.A. submitted a report under Form 6-K to the Securities and Exchange Commission, signed by CFO Felipe Montoro Jens. The report includes forward-looking statements regarding the company’s performance and financial results, addressing potential impacts from a geological event in Alagoas and the COVID-19 pandemic. These statements reflect management’s current views and are subject to risks and uncertainties, which could lead to different actual outcomes.
On July 7, 2025, Braskem S.A. announced that Novonor S.A., currently undergoing judicial reorganization, informed them about a request made to the Administrative Council for Economic Defense (CADE) for a potential transaction involving shares issued by NSP Investimentos S.A., also in judicial reorganization. This transaction, previously disclosed in May 2025, is still in the assessment phase and requires CADE’s approval, compliance with obligations towards Petrobras, and successful negotiations with banks holding fiduciary assignments of Braskem shares. The outcome of this transaction could significantly impact Braskem’s operations and market positioning.
On June 26, 2025, Braskem S.A.’s Board of Directors held a meeting where they elected Mr. Nir Lander as a new Statutory Director, effective July 1, 2025, replacing Mr. André Amaro. This decision was made following a recommendation from the People and Organization Committee. The election of Mr. Lander, an electrical and telecommunications engineer, is expected to bring fresh expertise to Braskem’s leadership team, potentially impacting the company’s strategic direction and operational efficiency.
On June 24, 2025, Braskem S.A. announced a related-party transaction with Petrobras involving a spot purchase and sale contract for polymer grade propylene from the Alberto Pasqualini Refinery. This transaction, effective until June 30, 2025, reached a value of R$50.9 million, with prices based on international quotations. The agreement reflects Braskem’s ongoing strategy to secure essential raw materials and highlights the flexibility in price negotiation and quantity reallocation with Petrobras, a shareholder with significant influence over Braskem.
On June 6, 2025, Braskem S.A. signed an amendment to its purchase and sale contract with Petrobras for light hydrocarbons from the Capuava and Henrique Lage refineries. This amendment allows for the supply of additional volumes with a new pricing range, negotiated on a case-by-case basis, without altering other contractual terms. This transaction highlights Braskem’s strategic alignment with Petrobras and its efforts to optimize supply chain operations, potentially impacting its market positioning and operational efficiency.