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Braskem

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

Brazilian Petrochemical Corporation

Braskem S.A is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical company in Latin America and has become a major player in the international petrochemical market (8th largest resin producer worldwide).3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2002Founded1

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  • TickerBAK on NYSE1
  • Industrypetroleum industry1
  • HeadquartersCamaçari1
  • Websitewww.braskem.com.br
  • Legal formS.A.1
  • Listed onNew York Stock Exchange (BAK), São Paulo Stock Exchange (BRKM6)1
  • Business addressRua Eteno No 1561, Camacari Bahia Brazi, 000000005
  • Filer categoryLarge accelerated filer5

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Braskem S.A is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical company in Latin America and has become a major player in the international petrochemical market (8th largest resin producer worldwide).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2024

7.7%Gross margin6
-1.4%Operating margin6
-15.6%Net margin6
9.7%Revenue growth, 20246
-1.3B BRLFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Polyethylene Polypropylene brought in 80% of the revenue Braskem broke down this way in fiscal 2025.

  1. Polyethylene Polypropylene47.5B BRL780%down 6% from 2024
  2. Ethylene Propylene4.6B BRL78%down 3% from 2024
  3. Benzene Toluene And Xylene4.0B BRL77%down 20% from 2024
  4. Butadiene1.7B BRL73%down 13% from 2024
  5. Cumene955.0M BRL72%down 28% from 2024
  6. Solvents543.0M BRL71%down 12% from 2024
  7. Naphtha Condensate And Other Resales132.0M BRL70%down 89% from 2024
Products and services by year
Products and services202320242025
Polyethylene Polypropylene44.3B BRL50.4B BRL47.5B BRL
Ethylene Propylene4.3B BRL4.8B BRL4.6B BRL
Benzene Toluene And Xylene4.4B BRL5.0B BRL4.0B BRL
Butadiene1.2B BRL1.9B BRL1.7B BRL
Cumene1.1B BRL1.3B BRL955.0M BRL
Solvents638.0M BRL619.0M BRL543.0M BRL
Naphtha Condensate And Other Resales1.0B BRL1.2B BRL132.0M BRL

Regions

Country Of United States Of America brought in 39% of the revenue Braskem broke down this way in fiscal 2025.

  1. Country Of United States Of America10.8B BRL739%down 18% from 2024
  2. Country Of Americas7.9B BRL728%down 9% from 2024
  3. Country Of Europe6.5B BRL723%down 9% from 2024
  4. Country Of Asia2.1B BRL78%down 20% from 2024
  5. Others565.0M BRL72%down 60% from 2024
Regions by year
Regions202320242025
Country Of United States Of America12.4B BRL13.2B BRL10.8B BRL
Country Of Americas7.8B BRL8.7B BRL7.9B BRL
Country Of Europe6.7B BRL7.1B BRL6.5B BRL
Country Of Asia3.2B BRL2.7B BRL2.1B BRL
Others187.0M BRL1.4B BRL565.0M BRL

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs100¢77.4B BRL

Out of 77.4B BRL in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending100¢3.8B BRL

Out of 2.4B BRL of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue891011677.4B BRL in 2024+33% since 2018
050.0B BRL100.0B BRL150.0B BRL2018: 58.0B BRL58.0B BRL20182019: 52.3B BRL52.3B BRL2019−10%2020: 58.5B BRL58.5B BRL2020+12%2021: 105.6B BRL105.6B BRL2021+80%2022: 96.5B BRL96.5B BRL2022−9%2023: 70.6B BRL70.6B BRL2023−27%2024: 77.4B BRL77.4B BRL2024+10%
Gross profit89101166.0B BRL in 2024−48% since 2018
010.0B BRL20.0B BRL30.0B BRL40.0B BRL2018: 11.4B BRL11.4B BRL20182019: 6.4B BRL6.4B BRL2019−44%2020: 11.2B BRL11.2B BRL2020+74%2021: 32.1B BRL32.1B BRL2021+186%2022: 11.4B BRL11.4B BRL2022−65%2023: 3.0B BRL3.0B BRL2023−73%2024: 6.0B BRL6.0B BRL2024+99%
Operating income8910116-1.1B BRL in 2024
-10.0B BRL010.0B BRL20.0B BRL30.0B BRL2018: 8.3B BRL8.3B BRL20182019: 153.7M BRL153.7M BRL2019−98%2020: -71.9M BRL-71.9M BRL20202021: 26.0B BRL26.0B BRL20212022: 4.3B BRL4.3B BRL2022−84%2023: -2.8B BRL-2.8B BRL20232024: -1.1B BRL-1.1B BRL2024−61%
Net income8910116-12.1B BRL in 2024
-20.0B BRL-10.0B BRL010.0B BRL20.0B BRL2018: 2.9B BRL2.9B BRL20182019: -2.6B BRL-2.6B BRL20192020: -7.0B BRL-7.0B BRL2020+166%2021: 14.0B BRL14.0B BRL20212022: -821.0M BRL-821.0M BRL20222023: -4.9B BRL-4.9B BRL2023+496%2024: -12.1B BRL-12.1B BRL2024+146%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Net revenue70.7B BRL77.4B BRL70.6B BRL
Cost of products sold-69.2B BRL-71.4B BRL-67.5B BRL
Gross profit1.6B BRL6.0B BRL3.0B BRL
Selling and distribution-2.1B BRL-2.0B BRL-1.9B BRL
Reversal of (loss for) impairment of trade accounts receivable and others from clients-125.0M BRL108.0M BRL-83.0M BRL
General and administrative-2.6B BRL-2.6B BRL-2.5B BRL
Research and development-460.0M BRL-463.0M BRL-383.0M BRL
Results from equity-accounted investees9.0M BRL-21.0M BRL7.0M BRL
Other income3.2B BRL978.0M BRL1.8B BRL
Other expenses-1.3B BRL-3.0B BRL-2.7B BRL
(Loss) before financial results and taxes-1.8B BRL-1.1B BRL-2.8B BRL
Financial expenses-6.8B BRL-6.9B BRL-5.6B BRL
Financial income2.3B BRL1.7B BRL1.7B BRL
Derivatives and exchange rate variations, net3.5B BRL-11.5B BRL511.0M BRL
(Loss) before income tax-2.8B BRL-17.7B BRL-6.2B BRL
Income taxes-8.1B BRL5.7B BRL1.3B BRL
Loss for the year-11.0B BRL-12.1B BRL-4.9B BRL
Company's shareholders-9.9B BRL-11.3B BRL-4.6B BRL
Non-controlling interest in subsidiaries-1.1B BRL-732.0M BRL-311.0M BRL
Loss for the year-11.0B BRL-12.1B BRL-4.9B BRL

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How it started

History

Braskem was formed in 2002, already Latin America's leading petrochemical company, with industrial units and offices in Brazil, as well as commercial bases in the United States and Argentina. The company was formed by the consolidation of six companies: Copene, OPP, Trikem, Nitrocarbono, Proppet and Polialden. In 2006, Braskem acquired Politeno, the third largest polyethylene producer in Brazil. The company joined Petrobras and Ultrapar the following year in the biggest merger in Brazilian history, when those three companies acquired Grupo Ipiranga for US$4 billion. While Petrobras and Ultrapar shared the fuel distribution operations, Braskem took over Ipiranga Petroquímica, Ipiranga's former petrochemical operation.

In 2016, Braskem was fined $957 million over a bribery scandal.

Braskem is responsible for the sinking process of parts of the city of Maceió, in the state of Alagoas. This event has gained national notoriety since its beginning in 2018 and has since caused the displacement of around 60,000 people in the city.

In August 2026, Braskem's Mexican unit filed for Chapter 11 bankruptcy protection amid facing worsening financial strains and a liquidity cash crunch.

From Wikipedia’s article on Braskem, shared under CC BY-SA 4.0.3

Products and brands

  • polyethylene

Listed on Wikidata.1

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

  • Polo Petroquimico ABC

From Wikidata.1

Former names

  • BRASKEM SADec 12, 2002 to Oct 13, 20265
  • COPENE PETROQUIMICA DO NORDESTE SAMay 22, 2002 to Nov 14, 20025

Timeline

  1. Nov 28, 2002Went public Listed on São Paulo Stock Exchange1
  2. 2002Founded Founded1

Recent filings

  1. Oct 13, 20266-K
  2. Oct 13, 20266-K
  3. Sep 28, 20266-K
  4. Sep 25, 20266-K
  5. Sep 11, 20266-K
  6. Sep 11, 20266-K
  7. Sep 10, 20266-K
  8. Aug 28, 20266-K
  9. Aug 27, 20266-K
  10. Aug 26, 20266-K
  11. Aug 25, 20266-K
  12. Aug 25, 20266-K
  13. Aug 25, 20266-K
  14. Aug 24, 20266-K
  15. Aug 24, 20266-K

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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