Braskem S.A. filings document foreign-issuer current reports for a Brazilian publicly held petrochemical company with American depositary shares representing Class A preferred shares. Form 6-K disclosures cover production and sales reports, segment performance for Brazil/South America, the United States and Europe, and Mexico, and petrochemical spread information.
The filing record also includes governance and ownership materials, including board meeting minutes, executive officer elections, shareholders’ agreement disclosures, annual general meeting minutes, final voting maps, financial statement approvals, treasury-share information, and management or related-person trading reports filed under CVM disclosure rules.
BRASKEM SA director Jeronimo dos Santos Julio Cezar filed an initial Form 3 to report his status as an insider of the company. The filing shows no reported purchases, sales, gifts, or other transactions and lists no derivative positions or holding entries at this time.
Braskem reported a sharp rebound in operating results for 1Q26 but under significant financial strain. Recurring EBITDA reached US$192 million, up 76% versus 4Q25, with an EBITDA margin of 6.5%. Utilization rates improved in Brazil to 69% and in U.S. & Europe to 79%, though Mexico’s operations generated a negative recurring EBITDA of US$15 million due to lower ethane supply and import restrictions.
Cash usage was heavy: recurring cash consumption was driven mainly by a negative change in working capital and interest payments, contributing to US$8.5 billion in adjusted net debt and corporate leverage of 16.81x. Gross debt stood at US$9.4 billion with about 61% maturing from 2030 onward and an average term of ~7.4 years. Provisions related to the Alagoas geological event totaled R$18.1 billion, with a remaining provision balance of about R$3.4 billion as of March 2026. Credit ratings remained distressed, with Fitch at CC and S&P at CCC- with a negative outlook.
Braskem SA director Andrea Barcellos de Aragao filed an initial Form 3 insider ownership report. This filing identifies her as a director of the company but does not show any share purchases, sales, or other transactions, serving only as a baseline disclosure of insider status.
BRASKEM SA director Andre da Costa Santos submitted an initial Form 3, which is the first statement of beneficial ownership required for insiders. The filing shows no reported transactions or derivative positions, indicating no buy or sell activity disclosed in this report.
Braskem reports a difficult but mixed first quarter of 2026. Consolidated Recurring EBITDA reached US$192 million (R$1,006 million), up 76% from 4Q25, helped by stronger results in Brazil/South America and in the United States and Europe, including around US$32 million COGS benefit from the expanded REIQ tax credits.
Despite better operating margins, cash generation and leverage remain pressured. Braskem consumed R$3.2 billion in operating cash and around R$4.6 billion in recurring cash, largely due to working capital swings and semiannual interest on international bonds. Adjusted net debt rose to US$8.483 billion, and corporate leverage climbed to 16.81x Recurring EBITDA, with consolidated gross debt of US$12.046 billion and significantly lower cash. Provisions related to the Alagoas geological event totaled R$3.367 billion at quarter-end, with cumulative provisioned amounts of R$18.096 billion and R$15.603 billion already paid or reclassified, while 99.9% of affected residents have been relocated. Subsidiary Braskem Idesa continues debt negotiations after missing interest payments on 2029 and 2032 notes and now carries default-level credit ratings, adding to the group’s restructuring agenda.
Braskem S.A. reported a net profit of R$1,246 million for the quarter ended March 31, 2026, with consolidated net revenue of R$15,488 million. Despite this profit, the balance sheet shows serious financial stress.
According to KPMG’s review, current liabilities exceeded total assets by R$10,718 million on a consolidated basis, and shareholders’ equity was negative R$16,233 million. The auditors highlighted a material uncertainty that may cast significant doubt on Braskem’s ability to continue as a going concern.
Subsidiary Braskem Idesa is in a prolonged industry downturn, has defaulted on interest for 2029 and 2032 bonds, and its debt was reclassified to current. Braskem is negotiating capital structure reorganization, faces high leverage and liquidity pressure, but also benefits from recent Brazilian tax and trade measures that support the domestic chemical industry.
BRASKEM SA filed an initial insider ownership report for director Chambriard Magda Maria de Regina. This Form 3 identifies her as a director of the company but does not list any share purchases, sales, or other insider transactions.
The filing shows no reported derivative positions or other equity-related holdings in this snapshot, serving mainly as a baseline disclosure of her status as a reporting person.
Braskem S.A. filed an amended Form 6-K outlining its 2026 corporate events calendar. The company plans to release its quarterly financial statements on May 13, 2026 (1st quarter), August 12, 2026 (2nd quarter), and November 11, 2026 (3rd quarter).
The calendar also sets the Annual Shareholders’ Meeting for April 29, 2026, with the management proposal and call notice scheduled for March 27, 2026. Braskem notes that public meetings with analysts are to be defined, with one date listed as November 12, 2026. The filing includes standard cautionary language on forward-looking statements, highlighting risks related to economic conditions, a geological event in Alagoas, related proceedings, and COVID-19.
Braskem SA director Correia Aires Edmundo Jose submitted an initial Form 3 ownership report for the company’s common equity. The filing identifies him as a director, not an officer or ten percent owner, and shows no reportable transactions or derivative positions in this initial statement.
BRASKEM SA disclosed that William Franca da Silva is a director by filing an initial Form 3, which is the first statement of insider ownership required for company insiders. The available data show no reportable buy, sell, or other share transactions associated with this filing.