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Braskem S.A. reports its participation in a private issue of unsecured, convertible debentures by Refinaria de Petróleo Riograndense S.A. totaling BRL 451,300,173.78. RPR is jointly owned by Braskem, Petrobras and Ultrapar, each holding 33.20% of its share capital.
The 4th debenture issue is split into BRL 450,000,000.00 for a first series and BRL 1,300,173.78 for a second series, with up to 15,324,854,157 debentures at a unit par value of BRL 0.029449. All debentures are mandatorily convertible into RPR shares by December 31, 2026.
Braskem, Petrobras and Ultrapar, as debenture holders, must subscribe and fully pay the first-series debentures in proportion to their existing RPR stakes and subscribe and pay by March 25, 2026. Debentures yield CDI plus 5.5% per year until conversion, and Braskem’s board approved the transaction under its shareholders’ agreement.
Braskem SA director Bentes David Olavo has filed an initial Form 3, which is the required statement of beneficial ownership when someone becomes an insider. The filing shows no reportable transactions or derivative positions in the data provided.
Braskem S.A. calls an all‑digital annual general meeting for April 29, 2026 to approve 2025 accounts, elect directors and fiscal council members, and set 2026 compensation.
For 2025, Braskem recorded a loss attributable to shareholders of R$ 9,880 million, taking accumulated losses to R$ 23,901,578,923.33 and shareholders’ equity attributable to shareholders to negative R$ 16,147 million. Corporate financial leverage excluding Braskem Idesa reached 14.38x in Brazilian reais. Current and general liquidity ratios fell to 0.76x and 0.83x, respectively.
The company drew R$ 5,350 million from an international revolving credit facility maturing in December 2026 and ended 2025 with consolidated debt of R$ 51,821 million, 94% linked to the U.S. dollar. Subsidiary Braskem Idesa did not pay interest due in November 2025 and February 2026 on its US$ 900 million 2029 and US$ 1,200 million 2032 notes, triggering reclassification of R$ 12,083 million of its debt to current liabilities and the discontinuation of hedge accounting.
Global ratings were sharply reduced: Fitch moved Braskem from BB+ (Negative Outlook) to CC on both global and national scales, while Standard & Poor’s cut its global rating from BB+ (Negative Outlook) to CCC‑ (Negative Outlook) and its national scale from brAAA (Negative Outlook) to brCCC‑ (Negative Outlook). Management proposes total 2026 aggregate compensation for administrators of up to R$ 84,307,940.81 and up to R$ 1,200,000.00 for the Fiscal Council.
Braskem S.A. outlines how shareholders can participate in its Annual General Meeting to be held on April 29, 2026 at 3:00 p.m., which will take place exclusively in digital form via the Webex platform under Brazilian CVM Resolution 81.
The agenda includes approving the 2025 financial statements and management accounts, electing members of the Board of Directors and Fiscal Council, choosing the Chair and Vice-Chair of the Board, and setting global compensation for administrators and Fiscal Council members for the 2026 fiscal year.
Shareholders may vote by remote voting ballot through custody or bookkeeping agents, or directly with the company, and may also participate live via the digital platform. Participation documents and access requests must be sent by April 27, 2026, and holders of at least 5% of voting capital may request the multiple-vote procedure for board elections.
Braskem S.A. details how shareholders can vote remotely for its Annual General Meeting to be held on April 29, 2026 at 3:00 p.m., which will take place in an exclusively digital format. The meeting will address approval of financial statements and management accounts for the fiscal year ended December 31, 2025, and elections for the Board of Directors, its Chairman and Vice-Chairman, and the Fiscal Council.
The filing explains how to complete and submit the remote voting ballot under CVM Resolution 81, including required identification documents for individuals, legal entities, and investment funds. It sets an April 25, 2026 deadline for Braskem to receive ballots and outlines options for majority and separate elections, as well as multiple voting procedures for different share classes BRKM3, BRKM5, and BRKM6.
Braskem S.A. submitted a Form 6-K to inform shareholders that all documents for its Ordinary General Meeting, scheduled for April 29, 2026 at 3:00 p.m., are available at its São Paulo offices, on its investor relations website, and with Brazilian regulators and the B3 exchange.
The notice is issued under Article 133 of the Brazilian Corporations Law and states that the call notice and this shareholder notice will be published in the company’s customary newspaper. The report also includes a standard cautionary statement about forward-looking statements, highlighting risks related to economic conditions, legal proceedings in Alagoas, and COVID-19 impacts.
Braskem S.A. is convening an exclusively digital Annual General Meeting on April 29, 2026 at 3:00 p.m. via Webex. Shareholders will vote on the 2025 financial statements, management’s report and accounts, elect the Board of Directors and Fiscal Council, and set global compensation for directors and Fiscal Council members for the 2026 fiscal year. Participation requires sending identification and ownership documents by email at least two days in advance, by April 27, 2026. The management proposal, remote voting ballot and related materials are available on the CVM, Braskem and B3 websites, and holders of at least 5% of voting capital may request a multiple-vote procedure for electing directors.