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Braskem (BAK) USD

Braskem S.A. manufactures and sells chemicals, petrochemicals, and fuels, including polyethylene, polypropylene, and polyvinyl chloride, and also supplies industrial utilities and services. It operates in Brazil and internationally, with a focus on thermoplastic resins and basic petrochemicals.

At a glance: strengths & risks
✓Revenue growing (+34% y/y, Q2 2026)✓Turned profitable (Q2 2026)✓Margins improving (4%→24%, Q2 2026)✗Loss-making last FY✗High leverage (14.0x EBITDA)

Sector: Petrochemicals

BR_BAK

Price chart

1.145 USDDay -1.29%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
1.145 USD · -1.29%
Market cap
456 mln USD

Growth

Δ revenue y/y
33.5%
Δ EBITDA y/y
678.7%

Multiples

P/E (LTM)
—
P/B (FY)
—
P/E (ann.)
0.2x
EV/EBITDA (LTM)
6.7x
EV/EBITDA (ann.)
2.2x

Cash return

Dividend yield
—
FCF yield (LTM)
-291.8%

Liquidity

Daily turnover (listing)
3.1 mln USD

Shares: yahoo_fundamentals_timeseries/BAK

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30Q2 2026 (3M)PARTIAL4.3
y/y 33.5%
0.9
y/y —
0.2
y/y 2.9%
1.0
y/y 678.7%
0.7
y/y —
0.0-0.115.6
y/y -4.7%
-2.6
y/y —
-90.1%8.5Link
2026-03-31Q1 2026 (3M)PARTIAL3.1
y/y -10.9%
-0.1
y/y -540.1%
0.2
y/y 10.3%
0.2
y/y -31.9%
0.2
y/y 120.8%
-0.8-0.115.1
y/y -10.9%
-3.2
y/y —
-31.8%8.6Link
2025-12-31Q4 2025 (3M)PARTIAL2.9
y/y -5.2%
0.1
y/y 116.8%
0.2
y/y 14.8%
0.3
y/y 314.2%
-2.0
y/y -111.4%
-0.2-0.115.0
y/y -9.1%
-3.0
y/y —
111.1%7.3Link
2025-09-30Q3 2025 (3M)PARTIAL3.2
y/y -12.9%
-0.2
y/y -277.3%
0.2
y/y -10.2%
-0.1
y/y -127.9%
0.0
y/y —
-0.1-0.216.2
y/y 1.0%
-0.6
y/y —
22.0%6.9Link
2025-06-30Q2 2025 (3M)PARTIAL3.2
y/y -5.8%
-0.1
y/y —
0.2
y/y -3.3%
0.1
y/y -34.6%
-0.1
y/y —
-0.1-0.116.4
y/y -5.3%
-0.6
y/y —
44.4%6.5Link
2025-03-31Q1 2025 (3M)PARTIAL3.5
y/y -1.1%
0.0
y/y —
0.2
y/y -11.8%
0.2
y/y -1.1%
0.1
y/y —
-0.4-0.117.0
y/y -7.1%
-0.7
y/y -245.9%
-65.8%6.4Link
2024-12-31Q4 2024 (3M)PARTIAL3.1
y/y -10.1%
-0.3
y/y -44.8%
0.2
y/y -35.6%
-0.1
y/y -266.1%
-1.0
y/y -163.3%
0.1-0.216.4
y/y -13.3%
-0.7
y/y -202.2%
410.0%5.9Link
2024-09-30Q3 2024 (3M)PARTIAL3.7
y/y 11.7%
0.2
y/y —
0.2
y/y -11.9%
0.2
y/y 204.3%
-0.2
y/y —
-0.40.216.1
y/y -11.8%
-0.3
y/y -129.9%
279.8%5.3Link
2024-06-30Q2 2024 (3M)PARTIAL3.4
y/y -9.6%
0.0
y/y —
0.2
y/y -16.9%
0.2
y/y —
-0.7
y/y —
0.3-0.317.3
y/y -7.2%
-0.2
y/y -112.1%
-1916.3%5.2Link
2024-03-31Q1 2024 (3M)PARTIAL3.5
y/y -10.2%
0.0
y/y -108.1%
0.2
y/y -2.7%
0.2
y/y -33.0%
-0.3
y/y -658.5%
0.20.018.3
y/y 0.8%
0.5
y/y -67.7%
-190.6%4.8Link
2023-12-31Q4 2023 (3M)PARTIAL3.4
y/y —
-0.2
y/y —
0.3
y/y —
0.1
y/y —
-0.4
y/y —
0.2-0.319.0
y/y —
0.7
y/y —
-130.8%4.8Link
2023-09-30Q3 2023 (3M)PARTIAL3.3
y/y —
0.2
y/y —
0.3
y/y —
0.2
y/y —
-0.5
y/y —
-0.9-0.218.2
y/y —
0.9
y/y —
-176.7%4.7Link
2023-06-30Q2 2023 (3M)PARTIAL3.8
y/y —
-0.4
y/y —
0.3
y/y —
-0.4
y/y —
-0.2
y/y —
1.0-0.218.6
y/y —
1.4
y/y —
-48.7%4.6Link
2023-03-31Q1 2023 (3M)PARTIAL3.9
y/y —
0.1
y/y —
0.2
y/y —
0.3
y/y —
0.0
y/y —
-0.6-0.218.1
y/y —
1.4
y/y —
—4.5Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-1 00001 0002 0003 0004 0005 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-400%-200%0%200%400%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

Cash flow after capex (OCF − capex) ($ mln)

-1 000-750-500-25002502024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

02 0004 0006 0008 00010 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Worth a look
In a typical year of 2021–2025 operating cash flow came to 1.06x of reported net profit. Loss years (2022, 2023, 2024, 2025) are left out of the ratio.
year20212022202320242025
cash flow / profit1.06x————
accruals, % of assets-0.9%-11.1%-2.9%-14.3%-8.3%
net debt / EBITDA 13.9x · capex 1.8x of depreciation
● Net debt / EBITDA 14.0x at the last full year.
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +3% vs -14% the year before — a +17.1 pp move. 3-year CAGR -12%.
revenue growth by year: 2023 -22% · 2024 -14% · 2025 +3%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2022-04-200.674 USDEx-dividend: 0.674 USD per sharePaidYahoo Finance (ex-div)
2021-12-102.71 USDEx-dividend: 2.71 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.braskem-ri.com.br/en/

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Braskem (BAK) — from primary filings.

Frequently asked questions

What is Braskem (BAK)'s EV/EBITDA?
Braskem (BAK) trades at 6.7x EV/EBITDA.
What is Braskem (BAK)'s return on equity (ROE)?
Braskem (BAK)'s ROE is -90.1%.
What is Braskem (BAK)'s market capitalization?
Braskem (BAK)'s market cap is 456 mln USD.

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