NYSE$BAK
Braskem S.A.-ADR · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Braskem Q1 recurring EBITDA jumps 121% to $224M on improved spreads and utilization
Braskem S.A. reported first-quarter 2025 results with consolidated net revenue of $3.33 billion, up 1% versus Q4 2024 and down 8% versus Q1 2024. Recurring EBITDA surged 121% sequentially to $224 million (R$1.32 billion), driven by wider PE and chemical spreads, higher plant utilization, and increased export volumes. Net profit attributable to shareholders was $113 million (R$698 million), helped by positive exchange variation on the financial result and a gross margin of 6.73%. Brazil/South America recurring EBITDA of $199 million represented 78% of segment EBITDA. Operating cash generation was negative at R$936 million due to inventory management and semi-annual interest payments. Cash ended at about $2.0 billion, covering debt maturities for the next 33 months, and corporate leverage was 7.92x recurring EBITDA.
- Consolidated net revenue of $3.33 billion was stable sequentially; recurring EBITDA of $224 million rose 121% versus Q4 2024.
- Net profit attributable to shareholders was $113 million, supported by FX gains and improved spreads in Brazil and Mexico.
- Brazil/South America EBITDA of $199 million (+76% vs Q4) reflected higher PE spreads and chemical export volumes.
- Plant utilization improved across regions; global accident frequency rate held at 0.92 per million hours worked.
- Cash of $2.0 billion covers 33 months of maturities; gross debt of $8.6 billion has average term of about nine years.
Headline financials
Revenue & EPS history
Braskem · Revenue · Quarterly
$3.33B
Revenue by segment
Braskem · $2.37B total across 1 segment · Q4 2024
- Brazil/South America$2.37B—100.0%
Forward guidance
Management flagged a challenging Q2 from prolonged international shutdowns and potential tariff impacts, while continuing Alagoas remediation with a R$5.1 billion provision balance.
Tailwinds
- Significant EBITDA recovery from Q4 trough on improved spreads and utilization
- Strong liquidity with $2B cash and long-dated debt profile
Headwinds
- Negative operating cash generation of R$936 million in the quarter
- Petrochemical industry downturn and Alagoas-related provisions remain overhangs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
+0.5%
Avg return
Earnings day
+0.3%
Avg return
5 days after
-0.9%
Avg return
30 days after
48%
26 / 54 earnings
Positive
+22.9%
Q4 2023
Best reaction
-15.1%
Q4 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -15.1% | -1.9% | -39.3% | |
| Q1 2026 | -0.7% | +0.3% | -3.3% | |
| Q1 2025 | +2.5% | -1.4% | +5.8% | |
| Q4 2024 | -2.7% | -0.3% | +3.6% | |
| Q3 2024 | -5.2% | -11.2% | -21.5% | |
| Q2 2024 | +9.4% | +5.7% | +20.1% | |
| Q1 2024 | -5.8% | -7.0% | -15.9% | |
| Q4 2023 | +22.9% | +25.8% | +0.6% | |
| Q3 2023 | +14.8% | +16.6% | +1.8% | |
| Q4 2022 | -9.2% | +3.5% | +5.8% | |
| Q3 2022 | -13.1% | -5.3% | -21.6% | |
| Q2 2022 | -1.4% | -7.6% | -16.4% | |
| Q4 2021 | +2.8% | +5.5% | +2.2% | |
| Q3 2021 | -10.5% | -11.4% | +8.6% | |
| Q2 2021 | -5.6% | -2.7% | +14.8% | |
| Q1 2021 | +5.4% | +7.6% | +28.1% | |
| Q3 2020 | -1.8% | +1.6% | -4.2% | |
| Q2 2020 | +5.8% | +11.0% | -2.2% | |
| Q4 2019 | -3.4% | +0.3% | +20.5% | |
| Q3 2019 | -5.1% | -8.1% | -3.6% | |
| Q2 2019 | -2.4% | -5.7% | -14.7% | |
| Q4 2018 | -0.7% | -1.5% | -12.6% | |
| Q3 2018 | -7.7% | +1.9% | -10.4% | |
| Q2 2018 | -1.4% | -4.6% | -0.4% | |
| Q4 2017 | +5.7% | +1.7% | -3.8% | |
| Q3 2017 | -4.1% | -9.7% | -16.2% | |
| Q2 2017 | -1.2% | -2.0% | +9.9% | |
| Q4 2016 | -2.6% | -6.5% | -8.2% | |
| Q3 2016 | -1.8% | -1.8% | +12.5% | |
| Q2 2016 | +16.1% | +15.8% | +33.2% | |
| Q1 2016 | -3.9% | — | — | |
| Q4 2015 | +2.8% | — | — | |
| Q3 2015 | +5.2% | — | — | |
| Q2 2015 | +2.8% | — | — | |
| Q1 2015 | +4.5% | — | — | |
| Q4 2014 | -1.8% | — | — | |
| Q3 2014 | +0.7% | — | — | |
| Q2 2014 | -1.6% | — | — | |
| Q1 2014 | -2.8% | — | — | |
| Q3 2013 | -0.5% | — | — | |
| Q2 2013 | +3.0% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | +7.6% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | +5.1% | — | — | |
| Q4 2011 | +7.2% | — | — | |
| Q3 2011 | -4.9% | — | — | |
| Q2 2011 | +0.6% | — | — | |
| Q1 2011 | +6.1% | — | — | |
| Q4 2010 | +0.5% | — | — | |
| Q3 2010 | +7.4% | — | — | |
| Q2 2010 | +5.1% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q3 2009 | — | — | — |
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