BAK on NYSE

Braskem

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

Brazilian Petrochemical Corporation

Braskem S.A is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical company in Latin America and has become a major player in the international petrochemical market (8th largest resin producer worldwide).3 It employed 8,126 people.1 It is part of Novonor.1 Its shares trade on NYSE under the symbol BAK.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

2002Founded1

Compare with Ultrapar, or pick any stock.

  • TickerBAK on NYSE1
  • Industrypetroleum industry1
  • HeadquartersCamaçari1
  • Websitewww.braskem.com.br
  • Legal formS.A.1
  • Listed onNew York Stock Exchange (BAK), São Paulo Stock Exchange (BRKM6)1
  • Business addressRua Eteno No 1561, Camacari Bahia Brazi, 000000006
  • Filer categoryLarge accelerated filer6
  • LEI549300RPMQUFGBB7EY444
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressR ETENO, 42816-200 Camacari, Brazil4
  • Registered withJUCEB Board of Trade of State of Bahia, 42.150.391/0001-704

Braskem S.A is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical company in Latin America and has become a major player in the international petrochemical market (8th largest resin producer worldwide).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.

Key numbers, fiscal 2024

7.7%Gross margin8
-1.4%Operating margin8
-15.6%Net margin8
9.7%Revenue growth, 20248
-1.3B BRLFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Polyethylene Polypropylene brought in 80% of the revenue Braskem broke down this way in fiscal 2025.

  1. Polyethylene Polypropylene47.5B BRL980%down 6% from 2024
  2. Ethylene Propylene4.6B BRL98%down 3% from 2024
  3. Benzene Toluene And Xylene4.0B BRL97%down 20% from 2024
  4. Butadiene1.7B BRL93%down 13% from 2024
  5. Cumene955.0M BRL92%down 28% from 2024
  6. Solvents543.0M BRL91%down 12% from 2024
  7. Naphtha Condensate And Other Resales132.0M BRL90%down 89% from 2024
Products and services by year
Products and services202320242025
Polyethylene Polypropylene44.3B BRL50.4B BRL47.5B BRL
Ethylene Propylene4.3B BRL4.8B BRL4.6B BRL
Benzene Toluene And Xylene4.4B BRL5.0B BRL4.0B BRL
Butadiene1.2B BRL1.9B BRL1.7B BRL
Cumene1.1B BRL1.3B BRL955.0M BRL
Solvents638.0M BRL619.0M BRL543.0M BRL
Naphtha Condensate And Other Resales1.0B BRL1.2B BRL132.0M BRL

Regions

Country Of United States Of America brought in 39% of the revenue Braskem broke down this way in fiscal 2025.

  1. Country Of United States Of America10.8B BRL939%down 18% from 2024
  2. Country Of Americas7.9B BRL928%down 9% from 2024
  3. Country Of Europe6.5B BRL923%down 9% from 2024
  4. Country Of Asia2.1B BRL98%down 20% from 2024
  5. Others565.0M BRL92%down 60% from 2024
Regions by year
Regions202320242025
Country Of United States Of America12.4B BRL13.2B BRL10.8B BRL
Country Of Americas7.8B BRL8.7B BRL7.9B BRL
Country Of Europe6.7B BRL7.1B BRL6.5B BRL
Country Of Asia3.2B BRL2.7B BRL2.1B BRL
Others187.0M BRL1.4B BRL565.0M BRL

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue85¢71.4B BRL
  • Research and development1¢463.0M BRL
  • Interest8¢6.9B BRL
  • Income tax7¢5.7B BRL

Out of 77.4B BRL in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending100¢3.8B BRL
  • Dividends paid0¢6.0M BRL

Out of 2.4B BRL of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue10111213877.4B BRL in 2024+33% since 2018
050.0B BRL100.0B BRL150.0B BRL2018: 58.0B BRL58.0B BRL20182019: 52.3B BRL52.3B BRL2019−10%2020: 58.5B BRL58.5B BRL2020+12%2021: 105.6B BRL105.6B BRL2021+80%2022: 96.5B BRL96.5B BRL2022−9%2023: 70.6B BRL70.6B BRL2023−27%2024: 77.4B BRL77.4B BRL2024+10%
Gross profit1011121386.0B BRL in 2024−48% since 2018
010.0B BRL20.0B BRL30.0B BRL40.0B BRL2018: 11.4B BRL11.4B BRL20182019: 6.4B BRL6.4B BRL2019−44%2020: 11.2B BRL11.2B BRL2020+74%2021: 32.1B BRL32.1B BRL2021+186%2022: 11.4B BRL11.4B BRL2022−65%2023: 3.0B BRL3.0B BRL2023−73%2024: 6.0B BRL6.0B BRL2024+99%
Operating income101112138-1.1B BRL in 2024
-10.0B BRL010.0B BRL20.0B BRL30.0B BRL2018: 8.3B BRL8.3B BRL20182019: 153.7M BRL153.7M BRL2019−98%2020: -71.9M BRL-71.9M BRL20202021: 26.0B BRL26.0B BRL20212022: 4.3B BRL4.3B BRL2022−84%2023: -2.8B BRL-2.8B BRL20232024: -1.1B BRL-1.1B BRL2024−61%
Net income101112138-12.1B BRL in 2024
-20.0B BRL-10.0B BRL010.0B BRL20.0B BRL2018: 2.9B BRL2.9B BRL20182019: -2.6B BRL-2.6B BRL20192020: -7.0B BRL-7.0B BRL2020+166%2021: 14.0B BRL14.0B BRL20212022: -821.0M BRL-821.0M BRL20222023: -4.9B BRL-4.9B BRL2023+496%2024: -12.1B BRL-12.1B BRL2024+146%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-12-312024-12-312023-12-31
Net revenue70.7B BRL77.4B BRL70.6B BRL
Cost of products sold-69.2B BRL-71.4B BRL-67.5B BRL
Gross profit1.6B BRL6.0B BRL3.0B BRL
Selling and distribution-2.1B BRL-2.0B BRL-1.9B BRL
Reversal of (loss for) impairment of trade accounts receivable and others from clients-125.0M BRL108.0M BRL-83.0M BRL
General and administrative-2.6B BRL-2.6B BRL-2.5B BRL
Research and development-460.0M BRL-463.0M BRL-383.0M BRL
Results from equity-accounted investees9.0M BRL-21.0M BRL7.0M BRL
Other income3.2B BRL978.0M BRL1.8B BRL
Other expenses-1.3B BRL-3.0B BRL-2.7B BRL
(Loss) before financial results and taxes-1.8B BRL-1.1B BRL-2.8B BRL
Financial expenses-6.8B BRL-6.9B BRL-5.6B BRL
Financial income2.3B BRL1.7B BRL1.7B BRL
Derivatives and exchange rate variations, net3.5B BRL-11.5B BRL511.0M BRL
(Loss) before income tax-2.8B BRL-17.7B BRL-6.2B BRL
Income taxes-8.1B BRL5.7B BRL1.3B BRL
Loss for the year-11.0B BRL-12.1B BRL-4.9B BRL
Company's shareholders-9.9B BRL-11.3B BRL-4.6B BRL
Non-controlling interest in subsidiaries-1.1B BRL-732.0M BRL-311.0M BRL
Loss for the year-11.0B BRL-12.1B BRL-4.9B BRL

Compare Braskem with another company

Corporate structure

Braskem is part of a group headed by Novonor. 15 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Novonor Salvador
    • Braskem Sao Paulo, Brazil
      • BRASKEM ARGENTINA S.A. Subsidiary · Buenos Aires, Argentina
      • Braskem Finance Limited Subsidiary · Grand Cayman, Cayman Islands
      • Braskem Netherlands B.V. Subsidiary · Rotterdam, Netherlands
      • Polo Petroquimico ABC Subsidiary · Santo André, Brazil
    • Atvos Subsidiary · Sao Paulo, Brazil
    • Belas Shopping Subsidiary
    • Foz do Brasil Subsidiary · Limeira
    • Mectron Subsidiary · São José dos Campos, Brazil
    • Odebrecht Energia Subsidiary · Rio de Janeiro
    • Odebrecht Engenharia & Construção Subsidiary · Salvador, Brazil
    • Rota das Bandeiras Subsidiary · Itatiba, Brazil
    • Rota do Oeste Subsidiary · Cuiabá, Brazil
    • Odebrecht Infraestructura Subsidiary · Brazil
    • Arena Cidade da Copa Owned · São Lourenço da Mata, Brazil
    • Catoca diamond mine Owned · Lunda Sul Province, Angola
    • Neo Química Arena Owned · Itaquera District, Brazil

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Braskem reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net40.4B BRL8 Dec 31, 202438.4B BRL8 Dec 31, 2023+5.2%
Operating-lease assets (leased space)3.7B BRL8 Dec 31, 20243.8B BRL8 Dec 31, 2023−2.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents15.0B BRL8 Dec 31, 202414.2B BRL8 Dec 31, 2023+5.6%

Inventory

ItemLatestA year beforeChange
Inventory, total13.7B BRL8 Dec 31, 202412.5B BRL8 Dec 31, 2023+9.2%

The story

Braskem was formed in 2002, already Latin America's leading petrochemical company, with industrial units and offices in Brazil, as well as commercial bases in the United States and Argentina. The company was formed by the consolidation of six companies: Copene, OPP, Trikem, Nitrocarbono, Proppet and Polialden. In 2006, Braskem acquired Politeno, the third largest polyethylene producer in Brazil. The company joined Petrobras and Ultrapar the following year in the biggest merger in Brazilian history, when those three companies acquired Grupo Ipiranga for US$4 billion. While Petrobras and Ultrapar shared the fuel distribution operations, Braskem took over Ipiranga Petroquímica, Ipiranga's former petrochemical operation.

In 2016, Braskem was fined $957 million over a bribery scandal.

Braskem is responsible for the sinking process of parts of the city of Maceió, in the state of Alagoas. This event has gained national notoriety since its beginning in 2018 and has since caused the displacement of around 60,000 people in the city.

In August 2026, Braskem's Mexican unit filed for Chapter 11 bankruptcy protection amid facing worsening financial strains and a liquidity cash crunch.

From Wikipedia’s article on Braskem, shared under CC BY-SA 4.0.7

Leadership

Who has led Braskem, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (42)

Products and brands

  • polyethylene

Listed on Wikidata.1

Braskem is the Americas’ top thermoplastic resin producer. With 36 industrial plants spread across Brazil, United States, Mexico and Germany, the company produces over 16 million tons of thermoplastic resins and other petrochemicals per year. Braskem is the world’s leading biopolymers producer with its 200,000 tons Green PE plant that produces polyethylene from sugarcane-based ethanol.

Basic petrochemicals

Braskem controls the three largest petrochemical complexes in Brazil, located in the cities of Camaçari, Bahia, Mauá, São Paulo and Triunfo, Rio Grande do Sul. Besides these three petrochemical complexes, Braskem also controls a complex in Duque de Caxias, Rio de Janeiro, which is based on gas rather than naphtha. Its basic petrochemical units account for the supply of ethylene and propylene to the company's nearby polymer units. The company also produces other chemical products such as benzene, butadiene, toluene, xylene and isoprene. These compounds are mostly sold to other chemical companies based within the same complexes, such as Innova S.A., Elekeiroz and Dow Chemical.

Although its main feedstock is naphtha, Braskem's green ethylene plant was inaugurated in September, 2010. This green ethylene plant is an important step forward in the strategy of becoming a global leader in sustainable chemicals. The plant is the largest industrial-scale operation in the world producing ethylene made from 100% renewable raw materials, i.e., sugar-cane. The project was conceived and installed in less than two years based on Braskem’s proprietary technology.

Located at the Triunfo petrochemical complex in the state of Rio Grande do Sul, the plant produces 200,000 tons of green ethylene, which will be transformed into an equivalent volume of green plastic.

Read the full text

Polymers

Braskem is Brazil's main producer of polyethylene, polypropylene and polyvinyl chloride – PVC, with 5.7 million tons of resins capacity production in Brazilian territory. The company is also the leader in the US polypropylene market, with 1.5 million tons of production capacity. In addition, its polypropylene capacity production in Germany is 545,000 tons.

Braskem is also implementing an integrated petrochemical complex in Mexico. The complex will consist of a cracker using ethane as feedstock, and three integrated polyethylene plants with a combined annual capacity of 1.05 million tons. The complex will begin production by mid-2015. Developed through a joint venture with the Mexican group Idesa, the project will increase the share of gas in the company’s feedstock matrix, improving its competitiveness.

From Wikipedia’s article on Braskem, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

  • Polo Petroquimico ABC

From Wikidata.1

Former names

  • BRASKEM SADec 12, 2002 to Oct 13, 20266
  • COPENE PETROQUIMICA DO NORDESTE SAMay 22, 2002 to Nov 14, 20026

Timeline

  1. Jun 16, 2026New chief executive Helcio Tokeshi becomes CEO16
  2. Mar 17, 2026New chief executive Paraiso Ramos Roberto Prisco becomes CEO15
  3. Nov 28, 2002Went public Listed on São Paulo Stock Exchange1
  4. 2002Founded Founded1

Calendar

Coming up

  1. Nov 10, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 11, 2025.61

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

829 filings to the SEC since October 2021: 5 annual reports, 48 insider forms, 776 other. The latest 20:

  1. Oct 13, 20266-K EDGAR
  2. Oct 13, 20266-K EDGAR
  3. Sep 28, 20266-K EDGAR
  4. Sep 25, 20266-K EDGAR
  5. Sep 11, 20266-K EDGAR
  6. Sep 11, 20266-K EDGAR
  7. Sep 10, 20266-K EDGAR
  8. Aug 28, 20266-K EDGAR
  9. Aug 27, 20266-K EDGAR
  10. Aug 26, 20266-K EDGAR
  11. Aug 25, 20266-K EDGAR
  12. Aug 25, 20266-K EDGAR
  13. Aug 25, 20266-K EDGAR
  14. Aug 24, 20266-K EDGAR
  15. Aug 24, 20266-K EDGAR
  16. Aug 24, 20266-K EDGAR
  17. Aug 21, 20266-K EDGAR
  18. Aug 19, 20266-K EDGAR
  19. Aug 18, 20266-K EDGAR
  20. Aug 18, 20266-K EDGAR

The 829 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 62. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
140 Summer Partners LP8,030,124$19.6M1.6%New
Marshall Wace, Llp2,019,382$4.9M0.0%+1,338,983
Barclays PLC1,519,411$3.7M0.0%New
Point72 Asset Management, L.P.1,233,885$3.0M0.0%+1,182,683
LPL Financial LLC821,977$2.0M0.0%+44,850
Jane Street Group, LLC820,304$2.0M0.0%+301,479
UBS Group AG760,743$1.9M0.0%+300,780
Vanguard Capital Management LLC485,679$1.2M0.0%No change
State Street Corp319,404$779.3K0.0%−5,618
Marex Group Ltd300,000$732.0K0.0%New
BlackRock, Inc.248,212$605.6K0.0%−37,977
XTX Topco Ltd216,916$529.3K0.0%−25,440
Two Sigma Investments, LP208,867$509.6K0.0%+6,011
Millennium Management LLC163,695$399.4K0.0%+150,636
ION Fund Management Ltd119,000$290.4K0.0%+3,300
American Century Companies Inc114,298$278.9K0.0%−1,701
D. E. Shaw & Co., Inc.78,880$192.5K0.0%New
Engineers Gate Manager LP68,198$166.4K0.0%+44,905
Ramsey Quantitative Systems63,373$154.6K0.1%New
Hm Payson & Co60,415$147.4K0.0%+51,915
SmartHarvest Portfolios, LLC52,158$127.3K0.0%−2,308
Goldman Sachs Group Inc50,889$124.2K0.0%+22,480
Jain Global LLC42,173$102.9K0.0%New
Creative Planning39,461$96.3K0.0%−10,155
Ballentine Partners, LLC38,862$94.8K0.0%+1,726

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Braskem is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBRASKEM SA2
  • CIK0001071438
  • Filer statusLarge accelerated filer not an emerging growth company; a shell company62
  • Incorporated inD562
  • Fiscal year endsDecember 312
  • Industry code (SIC)2860 Industrial Organic Chemicals2
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance2
  • Business addressRua Eteno No 1561, Camacari Bahia Brazi, Bahia 00000000, Brazil2
  • Phone0115511344397442
  • Shares outstanding451,668,652 shares; 345,060,392 Class A Preferred Shares shares; 478,790 Class B Preferred Shares shares as of Dec 31, 202562
  • AuditorKPMG Auditores Independentes Ltda., São Paulo PCAOB ID 1124; it also attests to the company’s internal control over financial reporting62
  • On EDGAR sinceMay 22, 20022
  • Filings2,638 in all: 6-K (2,291), 6-K/A (200), 3 (48), 20-F (25), UPLOAD (18), CORRESP (15), F-1/A (6), NT 20-F (6)2
    All 20 form types

    424B2 (5), CT ORDER (5), 20-F/A (4), F-6 (3), 424B3 (2), EFFECT (2), F-3ASR (2), FWP (2), 424B4 (1), CB (1), F-1 (1), F-X (1)

  • Latest filingsAnnual report (20-F) Apr 20, 2026

Securities registered for trading

ClassSymbolExchange
Preferred Shares, Class A, without par value per share, each represented by American Depositary SharesBAKNew York Stock Exchange

From the cover page of the 20-F filed Apr 20, 2026 (Section 12(b) of the Exchange Act).62

Sources

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