Braskem Posts R$1.07 Billion Q3 Loss

Higher interest costs from a US$1 billion standby draw plus Alagoas-related accounting adjustments have deepened quarterly losses and left restructuring talks with a roughly US$1 billion capital gap.

Overview

Braskem disclosed Friday that it had a net loss of R$1.07 billion in the third quarter of 2026.
Net sales rose 13% year on year to R$19.6 billion while recurring EBITDA improved 140% year on year to R$1.96 billion but fell 63% from the prior quarter.
The company’s net financial result deteriorated 77% to R$1.6 billion as financial expenses climbed to R$1.78 billion, which Braskem said reflected a US$1 billion standby credit draw and present-value adjustments tied to the Alagoas geological event.
Braskem recorded a R$215 million charge for income tax and social contribution that reversed a R$2.42 billion benefit from the year-earlier quarter and contributed to the swing to a loss.
Negotiations over the company’s extrajudicial recovery remain unresolved with reporting of about a US$1 billion gap between creditors’ and the company/shareholders’ capitalization positions, a split that will shape creditor recoveries and the company’s debt plan.