NYSE : BAK
Braskem S.A. — Financial statements
Materials · Chemicals · Brazil
Last price 1.16 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 469.85M
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Financial statements
Braskem S.A. (BAK) reported revenue of 70.60B BRL (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 70.60B | 70.72B | 77.41B | 70.57B | 96.52B | 105.63B |
| Cost of Revenue | 62.47B | 67.33B | 71.41B | 67.55B | 85.16B | 73.57B |
| Gross Profit | 8.13B | 3.39B | 6.00B | 3.02B | 11.36B | 32.06B |
| Selling, General & Admin | 4.71B | 4.68B | 4.63B | 4.39B | 4.87B | 4.58B |
| Research & Development | 431.00M | 460.00M | 463.00M | 383.00M | 374.00M | 296.58M |
| Other Operating Expenses | -1.86B | -2.21B | 1.93B | 966.00M | 189.00M | 1.33B |
| Operating Expenses | 3.40B | 3.06B | 6.92B | 5.82B | 5.47B | 6.21B |
| Operating Income | 4.73B | 330.00M | -918.00M | -2.80B | 5.88B | 25.84B |
| Interest Expense | -5.29B | -5.25B | -5.44B | -4.25B | -3.33B | -3.79B |
| Interest & Investment Income | 606.00M | 726.00M | 1.26B | 1.47B | 1.07B | 439.89M |
| Earnings From Equity Investments | -123.00M | 9.00M | -21.00M | 7.00M | 35.00M | 4.64M |
| Currency Exchange Gain (Loss) | 3.67B | 3.53B | -11.55B | 600.00M | -533.00M | -4.00B |
| Other Non Operating Income (Expenses) | -69.00M | -40.00M | -920.00M | -1.22B | -1.43B | 802.62M |
| EBT Excluding Unusual Items | 3.53B | -699.00M | -17.59B | -6.19B | 1.70B | 19.30B |
| Impairment of Goodwill | -192.00M | -192.00M | ||||
| Asset Writedown | -1.91B | -1.91B | ||||
| Legal Settlements | -48.00M | -48.00M | -140.00M | -128.00M | ||
| Other Unusual Items | -1.52B | -1.34B | ||||
| Pretax Income | 1.38B | -2.85B | -17.73B | -6.19B | 47.00M | 17.96B |
| Income Tax Expense | 8.02B | 8.12B | -5.68B | -1.30B | 868.00M | 4.00B |
| Earnings From Continuing Operations | -6.63B | -10.96B | -12.05B | -4.89B | -821.00M | 13.96B |
| Net Income to Company | -6.63B | -10.96B | -12.05B | -4.89B | -821.00M | 13.96B |
| Minority Interest in Earnings | 1.09B | 1.08B | 732.00M | 311.00M | 485.00M | 23.33M |
| Net Income | -5.54B | -9.88B | -11.32B | -4.58B | -336.00M | 13.98B |
| Net Income to Common | -5.54B | -9.88B | -11.32B | -4.58B | -336.00M | 13.98B |
| Shares Outstanding (Basic) | 797.21M | 797.21M | 797.21M | 796.70M | 796.24M | 795.97M |
| Shares Outstanding (Diluted) | 797.21M | 797.21M | 797.21M | 796.70M | 796.24M | 796.97M |
| EPS (Basic) | -6.95 | -12.39 | -14.20 | -5.75 | -0.42 | 17.57 |
| EPS (Diluted) | -6.95 | -12.39 | -14.20 | -5.75 | -0.42 | 17.55 |
| Free Cash Flow | -8.81B | -7.29B | -1.33B | -6.80B | 4.10B | 11.37B |
| Free Cash Flow Per Share | -11.05 | -9.15 | -1.66 | -8.54 | 5.15 | 14.26 |
| Dividend Per Share | 9.24 | |||||
| Gross Margin | 11.52% | 4.79% | 7.75% | 4.28% | 11.77% | 30.35% |
| Operating Margin | 6.70% | 0.47% | -1.19% | -3.97% | 6.10% | 24.47% |
| Profit Margin | -7.85% | -13.97% | -14.62% | -6.49% | -0.35% | 13.24% |
| Free Cash Flow Margin | -12.48% | -10.31% | -1.71% | -9.64% | 4.25% | 10.76% |
| EBITDA | 8.35B | 4.02B | 2.84B | 982.00M | 9.54B | 29.08B |
| EBITDA Margin | 11.82% | 5.68% | 3.66% | 1.39% | 9.89% | 27.53% |
| D&A For EBITDA | 3.62B | 3.69B | 3.75B | 3.78B | 3.66B | 3.24B |
| EBIT | 4.73B | 330.00M | -918.00M | -2.80B | 5.88B | 25.84B |
| EBIT Margin | 6.70% | 0.47% | -1.19% | -3.97% | 6.10% | 24.47% |
| Effective Tax Rate | 579.68% | 1,846.81% | 22.27% |
Balance sheet
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.93B | 10.50B | 14.99B | 14.19B | 12.47B | 8.68B |
| Short-Term Investments | 106.27M | |||||
| Trading Asset Securities | 2.00B | 1.34B | 1.79B | 4.96B | 2.29B | 2.55B |
| Cash & Short-Term Investments | 5.93B | 11.84B | 16.77B | 19.14B | 14.76B | 11.34B |
| Accounts Receivable | 4.20B | 3.46B | 3.56B | 2.91B | 3.23B | 7.15B |
| Other Receivables | 5.66B | 3.20B | 2.15B | 2.72B | 1.55B | 3.60B |
| Receivables | 9.86B | 6.65B | 5.72B | 5.63B | 4.78B | 10.75B |
| Inventory | 13.28B | 10.42B | 13.69B | 12.53B | 14.03B | 16.34B |
| Other Current Assets | 235.00M | 1.54B | 861.00M | 137.00M | 886.00M | 869.33M |
| Total Current Assets | 29.30B | 30.45B | 37.04B | 37.44B | 34.46B | 39.29B |
| Property, Plant & Equipment | 39.85B | 41.46B | 44.14B | 42.23B | 41.72B | 40.01B |
| Long-Term Investments | 531.00M | 523.00M | 484.00M | 183.00M | 166.00M | 58.92M |
| Goodwill | 1.94B | 1.94B | 2.18B | 2.17B | 2.06B | |
| Other Intangible Assets | 1.04B | 1.12B | 1.21B | 935.00M | 3.02B | 818.42M |
| Long-Term Deferred Tax Assets | 1.59B | 1.56B | 13.88B | 6.44B | 6.36B | 8.26B |
| Other Long-Term Assets | 4.99B | 4.83B | 2.65B | 2.34B | 2.33B | 2.07B |
| Total Assets | 79.24B | 81.88B | 101.58B | 91.74B | 88.05B | 92.56B |
| Accounts Payable | 10.80B | 13.18B | 16.88B | 13.22B | 12.25B | 12.05B |
| Accrued Expenses | 1.52B | 1.28B | 1.66B | 1.22B | 1.32B | 2.18B |
| Current Portion of Long-Term Debt | 21.31B | 20.77B | 3.13B | 2.77B | 2.25B | 1.49B |
| Current Portion of Leases | 868.00M | 902.00M | 1.00B | 978.00M | 1.04B | 675.37M |
| Current Income Taxes Payable | 71.00M | 3.00M | 243.00M | 11.00M | 381.00M | 1.67B |
| Other Current Liabilities | 3.43B | 4.08B | 5.35B | 6.30B | 6.95B | 7.12B |
| Total Current Liabilities | 38.00B | 40.22B | 28.27B | 24.49B | 24.19B | 25.19B |
| Long-Term Debt | 42.92B | 46.39B | 66.28B | 53.21B | 47.33B | 49.56B |
| Long-Term Leases | 3.20B | 3.25B | 3.31B | 2.96B | 3.20B | 2.48B |
| Pension & Post-Retirement Benefits | 494.00M | 506.00M | 551.00M | 567.00M | 494.00M | 487.70M |
| Long-Term Deferred Tax Liabilities | 1.49B | 1.47B | 1.31B | 1.68B | 1.15B | 1.41B |
| Other Long-Term Liabilities | 6.22B | 6.55B | 6.14B | 5.56B | 5.57B | 7.23B |
| Total Liabilities | 92.33B | 98.38B | 105.85B | 88.46B | 81.94B | 86.36B |
| Common Stock | 8.04B | 8.04B | 8.04B | 8.04B | 8.04B | 8.04B |
| Retained Earnings | -19.11B | -23.90B | -14.03B | -2.74B | 1.83B | 3.48B |
| Treasury Stock | -28.00M | -38.20M | ||||
| Comprehensive Income & Other | -1.52B | -288.00M | 1.21B | -1.31B | -2.52B | -3.62B |
| Total Common Equity | -12.59B | -16.15B | -4.78B | 3.99B | 7.32B | 7.87B |
| Minority Interest | -501.00M | -355.00M | 504.00M | -713.00M | -1.21B | -1.66B |
| Shareholders' Equity | -13.09B | -16.50B | -4.28B | 3.28B | 6.11B | 6.20B |
| Total Liabilities & Equity | 79.24B | 81.88B | 101.58B | 91.74B | 88.05B | 92.56B |
| Total Debt | 68.30B | 71.32B | 73.72B | 59.91B | 53.83B | 54.21B |
| Net Cash (Debt) | -62.37B | -59.48B | -56.95B | -40.77B | -39.06B | -42.87B |
| Net Cash Per Share | -78.23 | -74.61 | -71.44 | -51.17 | -49.06 | -53.79 |
| Filing Date Shares Outstanding | 796.97M | 796.97M | 796.97M | 796.97M | 796.30M | 796.07M |
| Total Common Shares Outstanding | 796.97M | 796.97M | 796.97M | 796.97M | 796.30M | 796.07M |
| Working Capital | -8.70B | -9.77B | 8.77B | 12.95B | 10.27B | 14.10B |
| Book Value Per Share | -15.79 | -20.26 | -6.00 | 5.01 | 9.19 | 9.88 |
| Tangible Book Value | -15.56B | -19.21B | -8.17B | 884.00M | 4.30B | 4.99B |
| Tangible Book Value Per Share | -19.53 | -24.10 | -10.25 | 1.11 | 5.40 | 6.27 |
| Land | 606.00M | 621.00M | 631.00M | 668.00M | 687.76M | |
| Buildings | 9.61B | 9.86B | 9.41B | 8.53B | 8.59B | |
| Machinery | 68.21B | 68.37B | 67.29B | 58.71B | 57.54B | |
| Construction In Progress | 5.33B | 5.49B | 7.29B | 4.45B |
Cash flow statement
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -5.54B | -9.88B | -11.32B | -4.58B | -336.00M | 13.98B |
| Depreciation & Amortization | 4.47B | 4.57B | 4.87B | 5.12B | 4.65B | 4.11B |
| Other Amortization | 110.00M | 105.00M | 85.00M | 83.00M | 341.00M | 755.25M |
| Loss (Gain) From Sale of Assets | -99.00M | -24.00M | -424.00M | |||
| Asset Writedown & Restructuring Costs | 2.09B | 2.09B | 212.00M | 196.00M | 131.00M | 115.19M |
| Loss (Gain) on Equity Investments | 123.00M | -9.00M | 21.00M | -7.00M | -35.00M | -4.64M |
| Provision & Write-off of Bad Debts | 176.00M | 125.00M | -108.00M | 83.00M | 38.00M | 8.91M |
| Other Operating Activities | 1.24B | 564.00M | 8.55B | -1.23B | 189.00M | 5.13B |
| Change in Accounts Receivable | -871.00M | -240.00M | 72.00M | 3.66B | -2.18B | |
| Change in Inventory | 115.00M | 2.94B | -181.00M | 1.81B | 2.14B | -7.57B |
| Change in Accounts Payable | -4.46B | -2.34B | 384.00M | 1.95B | 514.00M | 1.20B |
| Change in Income Taxes | 1.97B | 1.00B | -128.00M | 73.00M | -327.00M | 1.96B |
| Change in Other Net Operating Assets | -5.12B | -3.10B | 482.00M | -5.84B | -2.02B | -2.73B |
| Operating Cash Flow | -5.80B | -4.20B | 2.44B | -2.27B | 8.95B | 14.79B |
| Capital Expenditures | -3.01B | -3.09B | -3.76B | -4.53B | -4.85B | -3.42B |
| Sale of Property, Plant & Equipment | 56.00M | 72.00M | 2.00M | 40.35M | ||
| Cash Acquisitions | -78.00M | -107.00M | ||||
| Divestitures | 94.00M | 171.00M | 203.00M | |||
| Investment in Securities | -226.00M | -18.00M | ||||
| Other Investing Activities | -294.00M | -8.00M | 17.00M | 11.00M | 6.00M | 295.00K |
| Investing Cash Flow | -3.44B | -2.95B | -3.48B | -4.53B | -4.95B | -3.38B |
| Long-Term Debt Issued | 6.42B | 6.71B | 12.22B | 6.42B | 7.29B | |
| Total Debt Issued | 6.50B | 6.42B | 6.71B | 12.22B | 6.42B | 7.29B |
| Long-Term Debt Repaid | -3.23B | -6.27B | -3.94B | -4.86B | -18.26B | |
| Lease Payments | -863.00M | -873.00M | -1.00B | -1.21B | -929.00M | -841.71M |
| Total Debt Repaid | -2.35B | -3.23B | -6.27B | -3.94B | -4.86B | -18.26B |
| Net Debt Issued (Repaid) | 4.16B | 3.20B | 437.00M | 8.28B | 1.55B | -10.97B |
| Common Dividends Paid | -6.00M | -7.00M | -1.35B | -5.99B | ||
| Other Financing Activities | 4.00M | -22.00M | 38.00M | 596.00M | 21.00M | |
| Financing Cash Flow | 4.16B | 3.17B | 469.00M | 8.87B | 225.00M | -16.97B |
| Foreign Exchange Rate Adjustments | -173.00M | -513.00M | 1.38B | -355.00M | -444.00M | 377.53M |
| Net Cash Flow | -5.25B | -4.49B | 799.00M | 1.72B | 3.79B | -5.18B |
| Free Cash Flow | -8.81B | -7.29B | -1.33B | -6.80B | 4.10B | 11.37B |
| Free Cash Flow Margin | -12.48% | -10.31% | -1.71% | -9.64% | 4.25% | 10.76% |
| Free Cash Flow Per Share | -11.05 | -9.15 | -1.66 | -8.54 | 5.15 | 14.26 |
| Levered Free Cash Flow | -7.60B | -5.43B | -1.33B | -2.47B | 7.89B | 9.89B |
| Unlevered Free Cash Flow | -4.30B | -2.14B | 2.07B | 186.62M | 9.71B | 11.56B |
| Free Cash Flow After Leases | -9.68B | -8.16B | -2.33B | -8.01B | 3.17B | 10.52B |
| Cash Interest Paid | 3.97B | 4.43B | 4.26B | 3.55B | 2.90B | 2.88B |
| Cash Income Tax Paid | 14.00M | 215.00M | 635.00M | 866.00M | 1.62B | 2.71B |
| Change in Working Capital | -8.37B | -1.74B | 557.00M | -1.94B | 3.97B | -9.32B |
Ratios
Fiscal year January - December; amounts in BRL.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 466.41M | 1.16B | 1.53B | 3.58B | 3.71B | 8.16B |
| Enterprise Value | 11.86B | 11.36B | 9.43B | 11.96B | 11.20B | 14.77B |
| Last Close Price | 1.17 | 2.95 | 3.86 | 8.82 | 9.20 | 20.34 |
| PE Ratio | 3.25 | |||||
| PS Ratio | 0.03 | 0.09 | 0.12 | 0.25 | 0.20 | 0.43 |
| PB Ratio | -0.39 | -2.21 | 5.29 | 3.21 | 7.33 | |
| P/TBV Ratio | 19.62 | 4.56 | 9.12 | |||
| P/FCF Ratio | 4.78 | 4.00 | ||||
| P/OCF Ratio | 3.89 | 2.19 | 3.08 | |||
| EV/Sales Ratio | 0.87 | 0.89 | 0.75 | 0.82 | 0.61 | 0.78 |
| EV/EBITDA Ratio | 7.36 | 15.58 | 20.58 | 59.10 | 6.21 | 2.83 |
| EV/EBIT Ratio | 13.00 | 189.61 | 10.06 | 3.18 | ||
| EV/FCF Ratio | 14.44 | 7.24 | ||||
| Debt / Equity Ratio | -5.22 | -4.32 | -17.23 | 18.27 | 8.81 | 8.74 |
| Debt / EBITDA Ratio | 7.43 | 14.56 | 18.68 | 25.78 | 5.11 | 1.81 |
| Debt / FCF Ratio | 13.12 | 4.77 | ||||
| Net Debt / Equity Ratio | -4.77 | -3.60 | -13.31 | 12.43 | 6.40 | 6.91 |
| Net Debt / EBITDA Ratio | 7.47 | 14.81 | 20.08 | 41.51 | 4.09 | 1.47 |
| Net Debt / FCF Ratio | -7.08 | -8.16 | -42.95 | -5.99 | 9.52 | 3.77 |
| Asset Turnover | 0.83 | 0.77 | 0.80 | 0.79 | 1.07 | 1.18 |
| Inventory Turnover | 4.67 | 5.58 | 5.45 | 5.09 | 5.61 | 5.95 |
| Quick Ratio | 0.42 | 0.46 | 0.80 | 1.01 | 0.81 | 0.88 |
| Current Ratio | 0.77 | 0.76 | 1.31 | 1.53 | 1.43 | 1.56 |
| Return on Equity (ROE) | -104.19% | -13.34% | 1,194.67% | |||
| Return on Assets (ROA) | 3.46% | 0.22% | -0.59% | -1.95% | 4.07% | 18.08% |
| Return on Invested Capital (ROIC) | -56.56% | 0.57% | -1.57% | -6.28% | -218.15% | 37.63% |
| Return on Capital Employed (ROCE) | 11.50% | 0.80% | -1.30% | -4.20% | 9.20% | 38.40% |
| Earnings Yield | -218.51% | -154.84% | -119.61% | -26.40% | -1.71% | 30.75% |
| FCF Yield | -347.57% | -114.28% | -14.01% | -39.21% | 20.92% | 24.99% |
| Dividend Yield | 16.16% | |||||
| Payout Ratio | 42.85% | |||||
| Buyback Yield / Dilution | -0.06% | -0.06% | 0.09% | -0.15% | ||
| Total Shareholder Return | -0.06% | -0.06% | 0.09% | 16.01% |