Braskem Reports US$1.04 Billion Quarterly EBITDA on Wider Chemical Spreads

Braskem reported consolidated EBITDA of US$1.043 billion (R$5.253 billion) in the second quarter of 2026, driven mainly by higher chemical and petrochemical spreads in international markets and commercial gains. Net income reached US$664 million, up from the first quarter, while adjusted net debt stood at US$9.5 billion and corporate leverage at 6.74x net debt/EBITDA as of June 30, 2026. The company also reported ongoing creditor discussions on a potential capital structure restructuring, with only indicative, non-binding proposals received so far.

Key facts

Market context

Braskem is one of the largest petrochemical producers in the Americas, making olefins and polymers such as polyethylene and polypropylene that go into packaging, consumer goods, automotive parts, and construction materials. Demand for these resins tracks broad industrial and consumer activity, so producer margins often move with the gap between resin selling prices and feedstock costs, commonly called spreads. Naphtha is a key feedstock for many Braskem crackers, so its price and availability shape production economics. When supply from major exporting regions tightens, import-dependent markets can see resin prices firm, which tends to benefit producers with flexible feedstock and access to export routes. Restructuring talks with creditors can also matter over time, since debt levels influence how much capital a producer can commit to maintaining or expanding plants, and therefore future supply in its regional markets.

Source: official release on braskem.com.br. Summary and context written by Market Krystal.