Braskem S.A. Sponsored ADR Class A (BAK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$3.59	$1.62	+145.1%	—	$21.7B	—
Q4 25	-$1.57	-$5.33	-239.5%	—	$16.1B	—
Q2 25	-$0.78	-$0.1	+87.2%	—	$17.9B	—
Q1 25	$0.62	$0.31	-50.0%	—	$19.5B	—
Q4 24	-$0.37	-$2.04	-451.4%	—	$19.2B	—
Q3 24	$0.05	-$0.24	-580.0%	—	$4B	—
Q2 24	-$0.17	-$1.52	-794.1%	—	$19.1B	—
Q1 24	-$0.56	-$0.67	-19.6%	—	$3.2B	—
Q4 23	-$0.55	-$0.46	+16.4%	—	$16.7B	—
Q3 23	-$0.48	-$1.13	-135.4%	—	$16.7B	—
Q2 23	-$0.45	$0.14	+131.1%	—	$17.8B	—
Q1 23	-$0.43	$0.09	+120.9%	—	$19.4B	—
Q4 22	-$1.09	-$0.7	+35.8%	—	$19B	—
Q3 22	$0.24	-$0.49	-304.2%	—	$25.4B	—
Q2 22	$0.62	-$0.21	-133.9%	—	$25.4B	—
Q1 22	$1.31	$1.87	+42.7%	—	$26.7B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$24.8	—	—	$70.7B	—
FY24	—	-$28.4	—	—	$77.4B	—
FY23	—	-$11.5	—	—	$70.6B	—
FY22	—	-$0.84	—	—	$96.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$47.7B	$49.3B	$58B	$52.3B	$58.5B	$105.6B	$96.5B	$70.6B	$77.4B	$70.7B
YoY change	+1.67%	+3.35%	+17.7%	-9.79%	+11.9%	+80.4%	-8.62%	-26.9%	+9.7%	-8.65%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	47.7B	49.3B	58B	52.3B	58.5B	105.6B	96.5B	70.6B	77.4B	70.7B
Cost of revenue	35B	36.2B	46.6B	45.9B	47.3B	73.6B	85.2B	67.5B	71.4B	69.2B
Gross profit	12.7B	13.1B	11.4B	6.4B	11.2B	32.1B	11.4B	3B	6B	1.6B
Gross margin	26.6%	26.6%	19.7%	12.3%	19.2%	30.3%	11.8%	4.28%	7.75%	2.2%
Research & development	162M	167.5M	219.3M	247.7M	250.6M	297M	374M	383M	463M	460M
Selling, general & administrative	3.1B	2.9B	3.5B	4B	3.8B	4.6B	4.9B	4.4B	4.6B	4.7B
Operating expenses	6.5B	3.5B	3.9B	8.2B	11.3B	6B	7.1B	5.7B	7.2B	4.1B
Operating income	6.2B	9.6B	7.8B	169.1M	7.2B	26B	4.3B	-2.7B	904M	-1.6B
Operating margin	13%	19.5%	13.4%	0.32%	12.3%	24.7%	4.43%	-3.85%	1.17%	-2.32%
Non-operating income, net	-3.5B	-1.2B	-1.8B	-1.9B	-13.4B	-4.8B	-536M	435M	-13.5B	3.2B
Pretax income	-140M	5.3B	3.6B	-4.6B	-9.7B	18B	47M	-6.2B	-17.7B	-2.8B
Income tax	616M	1.4B	736.6M	-2B	-2.7B	4B	868M	-1.3B	-5.7B	8.1B
Net income	-729.2M	3.9B	2.9B	-2.6B	-7B	14B	-821M	-4.9B	-12.1B	-11B
Net margin	-1.53%	7.95%	4.95%	-5.05%	-12%	13.2%	-0.85%	-6.93%	-15.6%	-15.5%
EBITDA	8.2B	10.9B	10.5B	3.5B	4B	30.3B	9.5B	3.4B	4.1B	3.8B
EPS	-1.11	10.2	7.11	-6.38	-16.8	19.9	-0.84	-11.5	-28.4	-24.8
Diluted EPS	-1.11	10.2	7.11	-6.38	-16.8	19.9	-0.84	-11.5	-28.4	-24.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	16.7B	16.7B	3.2B	19.1B	4B	19.2B	19.5B	17.9B	17.3B	16.1B	15.5B	21.7B
Cost of revenue	16.1B	15.7B	3B	17.7B	3.6B	18B	18.1B	17.5B	16.9B	16.7B	14.4B	16.4B
Gross profit	569M	1B	215.7M	1.4B	423.9M	1.1B	1.3B	362M	436M	-552M	1.1B	5.3B
Gross margin	3.41%	6.04%	6.76%	7.29%	10.6%	5.99%	6.73%	2.03%	2.52%	-3.43%	7.1%	24.5%
Research & development	92M	116M	18.9M	106M	20.5M	143M	126M	108M	121M	105M	102M	103M
Selling, general & administrative	1.1B	1.1B	197.9M	1B	220.7M	1.3B	1.2B	1.2B	1.1B	1.2B	1.2B	1.2B
Operating expenses	1.2B	2B	219.1M	1.2B	327M	3.4B	1.3B	1.1B	1.2B	1.3B	1.3B	1.3B
Operating income	-582M	-980M	-534.4K	232M	109.3M	483M	1M	-958M	-798M	113M	-217M	4B
Operating margin	-3.49%	-5.87%	-0.02%	1.22%	2.73%	2.52%	0.01%	-5.36%	-4.61%	0.7%	-1.4%	18.4%
Non-operating income, net	-1.5B	157M	-197.4M	-4.9B	-140.6M	-7.1B	2.1B	1.8B	-578M	-127M	2.7B	908M
Pretax income	-3B	-1.8B	-368.9M	-6B	-247.3M	-8.3B	816M	-530M	-2.6B	-540M	953M	3.6B
Income tax	-472M	-75M	-121.3M	-2.1B	-83.7M	-2.4B	184M	-140M	-2.4B	10.5B	-293M	238M
Net income	-2.6B	-1.8B	-247.6M	-3.9B	-163.6M	-5.9B	632M	-390M	-174M	-11B	1.2B	3.3B
Net margin	-15.3%	-10.5%	-7.76%	-20.5%	-4.08%	-30.7%	3.25%	-2.18%	-1.01%	-68.5%	8.04%	15.3%
EBITDA	718M	-332M	247.6M	1.3B	430.7M	-473M	1.2B	1B	-87M	2.5B	590M	5B
EPS	-6.07	-3.95	-3.38	-9.38	-1.49	—	1.75	-0.67	-0.07	-25.8	3.63	8.34
Diluted EPS	-6.07	-3.95	-3.38	-9.38	-1.49	—	1.75	-0.67	-0.07	-25.8	3.63	8.34

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	49.3B	61.2B	56.9B	34.4B	21B	49.1B	21.4B	20.2B	—	1.2B	593.7M
Enterprise value	76.8B	90.2B	87B	70.3B	63.9B	91.1B	60.5B	61B	—	60.7B	12.1B
Shares outstanding	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	2.3B	398.6M	398.5M	398.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	15.6	19.8	—	—	3.51	—	—	—	—	-0.06
P/S	1.03	1.24	0.98	0.66	0.36	0.46	0.22	0.29	—	0.02	0.01
P/B	28.7	11.2	10.1	8.73	-5.42	7.91	3.5	6.17	—	-0.07	-0.05
EV/EBITDA	9.36	8.24	8.27	20.1	16	3.01	6.35	18.1	—	15.8	7.49
EV/Sales	1.61	1.83	1.5	1.34	1.09	0.86	0.63	0.86	—	0.86	0.89
Earnings yield	—	6.4%	5.04%	—	—	28.5%	—	—	—	—	-1.7K%
FCF yield	3.8%	0.31%	11.5%	-1.21%	16.9%	23.2%	19.2%	-33.6%	—	-623.7%	-247%
PEG	—	—	—	—	—	—	—	—	—	—	0

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	26.6%	26.6%	19.7%	12.3%	19.2%	30.3%	11.8%	4.28%	7.75%	2.2%	24.5%
Operating margin	13%	19.5%	13.4%	0.32%	12.3%	24.7%	4.43%	-3.85%	1.17%	-2.32%	17.4%
Net margin	-1.53%	7.95%	4.95%	-5.05%	-12%	13.2%	-0.85%	-6.93%	-15.6%	-15.5%	-7.85%
ROE	-42.4%	71.5%	50.7%	-66.9%	181.4%	225.1%	-13.4%	-149.1%	281.7%	66.4%	59.9%
ROA	-1.41%	7.43%	4.88%	-3.88%	-8.15%	15.1%	-0.93%	-5.33%	-11.9%	-13.4%	3.46%
ROIC	21.2%	20.7%	17.3%	0.42%	18.4%	42%	0%	-6.17%	1.72%	-3.82%	0%
Return on tangible assets	-1.58%	8.28%	5.38%	-4.22%	-8.72%	16.1%	-1%	-5.72%	-12.7%	-14.5%	-9.05%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.69	0.94	0.92	1.44	1.2	1.56	1.42	1.53	1.31	0.76	0.77
Quick ratio	0.47	0.58	0.55	0.97	0.91	0.91	0.85	1.02	0.83	0.5	0.42
Debt / equity	20.6	6.42	6.72	11.2	-15.6	8.74	8.81	18.3	-17.2	-4.32	-0.01
Debt / assets	0.68	0.67	0.65	0.65	0.7	0.59	0.61	0.65	0.73	0.87	0.86
Net debt / EBITDA	3.35	2.65	2.86	10.2	10.8	1.39	4.1	12.1	14	15.5	7.78
Interest coverage	0.94	3.37	2.73	-0.58	-1.8	6.33	1.01	-0.29	-2.26	0.46	1.25
Effective tax rate	0%	25.8%	20.4%	0%	0%	22.3%	100%	0%	0%	0%	100%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	20.5	21.2	24.9	22.5	25.2	45.4	41.5	30.8	194.2	177.5	177.1
EPS (basic)	-1.11	10.2	7.11	-6.38	-16.8	19.9	-0.84	-11.5	-28.4	-24.8	-24.8
EPS (diluted)	-1.11	10.2	7.11	-6.38	-16.8	19.9	-0.84	-11.5	-28.4	-24.8	-2.68
Book value per share	0.74	2.35	2.43	1.7	-1.66	2.67	2.62	1.43	-10.7	-41.4	-6.16
FCF per share	0.81	0.08	2.81	-0.18	1.52	4.89	1.76	-2.96	-3.33	-18.4	-22.4
Cash per share	3.4	2.61	3.4	3.65	7.52	5.23	6.34	8.34	42.1	29.7	14.9
Capex per share	1.11	0.96	1.12	1.15	1.17	1.45	2.08	1.94	9.29	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5.43%	4.53%	4.5%	5.1%	4.66%	3.2%	5.02%	6.32%	4.79%	—	—
Capex / operating cash flow	54.3%	39.4%	21.2%	268.3%	181.7%	17%	38.7%	2.9K%	60%	—	—
Payout ratio	-274%	25.5%	52.3%	-25.3%	-0.03%	42.9%	-164.4%	-0.14%	-0.05%	0%	0%
Dividend yield	4.05%	1.63%	2.64%	1.94%	0.01%	12.2%	6.31%	0.03%	—	0%	180.3%

Yield

180.3%

trailing twelve months

Frequency

Annual

Last dividend

$0.674

ex-dividend Apr 20, 2022

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 20, 2022	$0.674
Dec 10, 2021	$2.6307
Oct 4, 2019	$0.3651
May 2, 2018	$1.0574
Dec 8, 2017	$0.7547
Oct 6, 2016	$0.7695

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$16.7B	$16.7B	$3.2B	$19.1B	$4B	$19.2B	$19.5B	$17.9B	$17.3B	$16.1B	$15.5B	$21.7B
YoY change	-34.3%	-12.1%	-83.6%	+7.43%	-76%	+14.7%	+509.6%	-6.39%	+331.6%	-15.9%	-20.4%	+21.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	7.9B	6.1B	7.9B	8.5B	17.5B	12.2B	14.8B	19.1B	16.8B	11.8B
Receivables	1.6B	3.3B	3.1B	2.3B	4.7B	7.2B	3.2B	2.9B	3.6B	3.5B
Inventory	5.2B	6.6B	8.5B	7.6B	8.4B	16.3B	13.9B	12.4B	13.5B	10.4B
Total current assets	15.9B	17.4B	21B	23.4B	34.2B	39.3B	34.5B	37.4B	37B	30.4B
Property, plant & equipment	23.8B	23.7B	25.1B	27.6B	30.3B	31.1B	32.9B	32.8B	34.1B	31.1B
Goodwill & intangibles	5.6B	5.5B	5.5B	5.5B	5.7B	5.8B	6B	6.2B	6.8B	6.1B
Total assets	51.8B	52.7B	58.8B	68.1B	86.1B	92.6B	88B	91.7B	101.6B	81.9B
Accounts payable	6.5B	5.1B	8.3B	9.1B	9.9B	12.1B	12.2B	13.2B	16.9B	13.2B
Short-term debt	13B	10.9B	11.3B	2.2B	9.9B	2.2B	3.3B	3.7B	4.1B	21.7B
Total current liabilities	22.9B	18.6B	22.8B	16.2B	28.4B	25.2B	24.2B	24.5B	28.3B	40.2B
Long-term debt	22.4B	24.2B	26.7B	42.1B	50.5B	52B	50.5B	56.2B	69.6B	49.6B
Total liabilities	50.1B	47.3B	53.2B	64.2B	90B	86.4B	81.9B	88.5B	105.9B	98.4B
Shareholders' equity	1.7B	5.5B	5.7B	3.9B	-3.9B	6.2B	6.1B	3.3B	-4.3B	-16.5B
Total debt	35.4B	35.1B	38B	44.3B	60.5B	54.2B	53.8B	59.9B	73.7B	71.3B
Net debt	28.7B	31.3B	32.4B	37.5B	46.6B	45.5B	41.4B	45.7B	58.7B	60.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	18.7B	19.1B	3.2B	17.3B	2.7B	16.8B	13B	10.3B	7.4B	11.8B	5.5B	5.9B
Receivables	3.6B	2.9B	600.5M	3.5B	664.2M	3.6B	3.5B	3.5B	3.1B	3.5B	3.9B	4.2B
Inventory	12.5B	12.4B	2.4B	13.5B	2.6B	13.5B	14.2B	13.3B	12.2B	10.4B	11.3B	13.3B
Total current assets	37.3B	37.4B	6.8B	37.8B	6.5B	37B	34.1B	30.7B	26.3B	30.4B	26.2B	29.3B
Property, plant & equipment	42.1B	32.8B	7.6B	43.3B	7.8B	34.1B	32.6B	32.4B	32.5B	31.1B	30.2B	65.6B
Goodwill & intangibles	3.1B	6.2B	555.6M	3.3B	601.6M	6.8B	6.6B	6.4B	6.1B	6.1B	6B	6B
Total assets	92B	91.7B	16.7B	97.1B	17.5B	101.6B	95.4B	91.3B	87.4B	81.9B	75.9B	79.2B
Accounts payable	13.3B	13.2B	2.7B	16.6B	2.9B	16.9B	15.9B	15.7B	13.9B	13.2B	11.3B	10.8B
Short-term debt	3.4B	3.7B	563.3M	3.9B	658.1M	4.1B	3.5B	3.7B	2.9B	21.7B	20.6B	22.2B
Total current liabilities	24.2B	24.5B	4.7B	28.9B	5B	28.3B	25.9B	25.5B	22.4B	40.2B	36.9B	38B
Long-term debt	56.6B	56.2B	10.3B	63B	11.5B	69.6B	65.5B	61.6B	60.3B	49.6B	47B	46.1B
Total liabilities	87.6B	88.5B	16.2B	98B	17.7B	105.9B	99.2B	94.6B	90.6B	98.4B	92.1B	92.3B
Shareholders' equity	4.4B	3.3B	421.8M	-966M	-281.4M	-4.3B	-3.8B	-3.3B	-3.2B	-16.5B	-16.2B	-13.1B
Total debt	60B	59.9B	10.9B	66.9B	12.2B	73.7B	69B	65.4B	63.2B	71.3B	67.6B	68.3B
Net debt	46.4B	45.7B	8.3B	52.7B	9.9B	58.7B	57.7B	56.2B	56.6B	60.8B	63B	64.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-99.3M	5.3B	3.6B	-4.6B	-9.7B	18B	47M	-6.2B	-17.7B	-2.8B
Depreciation & amortization	2.7B	2.9B	3B	3.6B	4B	4.2B	4.7B	5.2B	5B	4.7B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-846.7M	-6.2B	254.7M	-275.1M	-3B	-7.5B	5.1B	-1.5B	1.4B	-1.3B
Operating cash flow	4.8B	5.7B	12.3B	995M	1.5B	19.9B	12.5B	155M	6.2B	-4.2B
Capital expenditure	-2.6B	-2.2B	-2.6B	-2.7B	-2.7B	-3.4B	-4.8B	-4.5B	-3.7B	—
Investing cash flow	-2.6B	-2.4B	-2.5B	-2.7B	-2.7B	-3.4B	-5B	-4.5B	-3.5B	153M
Dividends paid	-2B	-998.9M	-1.5B	-668.9M	-2.4M	-6B	-1.4B	-7M	-6M	0
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-7.7B	-3.8B	-301.8M	-15.8B	6.5B	-26.4B	2.8B	8.9B	469M	3.2B
Net change in cash	-5.4B	-540.4M	9.5B	-17.5B	5.3B	-9.8B	10.3B	4.5B	3.1B	-871M
Free cash flow	1.9B	188.4M	6.5B	-417.2M	3.5B	11.4B	4.1B	-6.8B	-1.3B	-7.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-3B	-1.8B	-368.9M	-6B	-247.3M	-8.3B	816M	-530M	-2.6B	-540M	953M	3.6B
Depreciation & amortization	1.3B	1.4B	218.9M	1.3B	243.7M	1.1B	1.2B	1.2B	1.1B	1.2B	1.2B	1.2B
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	-1.9B	573M	169.4M	854M	-159.3M	112M	-1.8B	349M	-823M	427M	-3.8B	-4.3B
Operating cash flow	-1.2B	778M	409.5M	2.4B	249.3M	-157M	-964M	-285M	-682M	-900M	-4.2B	29M
Capital expenditure	-1.2B	-1.2B	-155M	-966M	-157.9M	-1B	-653M	—	—	—	—	—
Investing cash flow	-1.2B	-1.2B	-155.2M	-970M	-118.5M	-828M	-576M	-48M	204M	47M	-246M	-206M
Dividends paid	-4M	0	0	-5M	0	0	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	3.8B	11.1B	-5.5M	-1.8B	-263.9M	3.2B	33M	-832M	-554M	4.5B	-159M	336M
Net change in cash	1.4B	10.7B	248.9M	-361M	-133.1M	2.2B	-1.5B	-1.2B	-1B	3.7B	-4.7B	159M
Free cash flow	-3.7B	-219M	16.9M	424M	-307.2M	-215M	-3B	-933M	-1.9B	-1.5B	-4.9B	-606M

Braskem S.A. Sponsored ADR Class A Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history