Braskem reveals $207.8 million quarterly loss
Key points
- Braskem S.A. (NYSE:BAK) reported a third-quarter 2026 loss of $207.8 million, or $0.52 per share, alongside revenue of $3.81 billion.
- Revenue increased approximately 20% year over year in U.S. dollar terms, while recurring EBITDA declined 63% sequentially to approximately $382 million.
- The company ended September with financial leverage of 6.36 times and remains involved in an extrajudicial debt restructuring process covering approximately $10.9 billion in financial debt.
Braskem S.A. (NYSE:BAK) reported a third-quarter 2026 net loss of $207.8 million, or $0.52 per share, while revenue reached approximately $3.81 billion.
Revenue increased 20% year over year in U.S. dollar terms, although recurring EBITDA fell 63% from the second quarter to approximately $382 million as petrochemical margins weakened from their previous levels.
The loss attributable to shareholders reached approximately R$1.068 billion, compared with R$26 million in the third quarter of 2025, while consolidated net loss totaled R$1.195 billion
The company's net financial result was negative R$1.605 billion, compared with a negative R$905 million a year earlier, while foreign exchange movements shifted from a R$310 million gain to a R$100 million loss.
Braskem's financial leverage stood at 6.36 times at September 30, down from 6.74 times at the end of June and 16.21 times a year earlier, reflecting changes in its debt and earnings position.
The results come as Braskem continues an extrajudicial debt restructuring process involving approximately $10.9 billion in financial obligations, with creditor support required for its restructuring proposal by November 22, 2026.
