Braskem reported consolidated EBITDA of US$1.043 billion (R$5.253 billion) in the second quarter of 2026 (2Q26). The result was mainly driven by higher chemical and petrochemical spreads in international markets, combined with commercial gains captured by the company.

"During the second quarter, the global macroeconomic environment remained volatile due to the conflict in the Middle East, which restricted the global supply of feedstocks, particularly in Asia. As a result, this combination of factors increased international oil and naphtha prices, our main feedstock," said Carlos Brandão, Braskem's CFO. "As production costs for the marginal producer in Asia increased, resin and chemical prices improved compared to the first quarter, resulting in wider spreads," he added.

During the period, there was net cash consumption of approximately US$15 million, mainly due to a negative working capital variation driven by high feedstock price volatility in international markets and higher inventory levels during the quarter.

The company reported net income of US$664 million (R$3.3 billion), higher than in 1Q26, primarily due to stronger gross profit resulting from wider chemical and petrochemical spreads in international markets.

Debt Position

As of June 30, 2026, gross corporate debt totaled US$10.4 billion. The company ended the quarter with adjusted net debt of US$9.5 billion, up 3% compared to the previous quarter. Corporate leverage closed the quarter at 6.74x (net debt/EBITDA).

Capital Structure Reorganization

Throughout the second quarter of 2026, Braskem, through its advisors, continued discussions with creditors and their legal and financial advisors and received purely indicative and non-binding proposals from creditor groups regarding key terms and tentative parameters for a potential restructuring.

The company reaffirms its commitment to continuing discussions with its financial creditors in pursuit of a consensual, comprehensive and orderly solution for its capital structure, ensuring business continuity in the ordinary course of operations.

Corporate Strategy

Following the change in ownership structure and resulting governance evolution during the quarter, Braskem reviewed its priorities for the second half of 2026 with the aim of strengthening resilience, competitiveness and sustainable value creation.

"The strategic agenda will focus on optimizing the company's capital structure, including Braskem Idesa, preserving liquidity, strengthening cash generation and ensuring greater financial flexibility to support future growth," said Hélcio Tokeshi, Braskem's CEO.

In addition, the company will remain focused on operational excellence, efficiency gains, capturing synergies with Petrobras and implementing initiatives aimed at increasing profitability. The acceleration of the Transformation Program is also planned, including completing the mapping of value-creation opportunities and capturing identified benefits to support consistent results in both the short and long term. Braskem will also continue to advocate for a more competitive business environment for Brazil's chemical and petrochemical industries.

"These priorities are supported by commitments that remain non-negotiable for the company, including compliance with agreements related to the Alagoas Case and maintaining safety as a non-negotiable value, ensuring reliable, safe operations aligned with the highest operational excellence standards," added Hélcio Tokeshi.

Alagoas Update

As of June 30, 2026, the Financial Compensation and Relocation Support Program (PCF) had already relocated 99.9% of residents from residential, commercial and mixed-use properties. Of the 19,205 compensation proposals submitted (99.9% of the total), 19,140 were accepted (99.7%) and 19,132 were paid (99.7%), representing more than R$4.2 billion disbursed in financial compensation, temporary assistance and legal fees.

On the technical and urban planning fronts, the salt cavern closure plan progressed, with eight caverns fully filled and six reaching their technical filling limit. Of the 11 planned urban mobility projects, seven have been completed and delivered, two remain under construction and two are still in the planning phase.

Regarding the Flexais Urban Integration and Development Project, which aims to promote access to essential public services and stimulate the local economy, 18 of the 23 planned initiatives have already been implemented and five remain under execution.

The total provision balance at the end of the second quarter of 2026 was R$3.2 billion.