Braskem S.A. Earnings Recaps
Q3 2025
Nov 12, 2025
Braskem's third-quarter results for 2025 showed a notable rebound in recurring EBITDA, despite ongoing challenges in the global petrochemical market and lower utilization rates in Brazil and Mexico.
Key takeaways
- Consolidated recurring EBITDA reached $150 million, up 104% from Q2 2025, driven by the South America segment's strong performance.
- Operating cash flow experienced consumption of approximately $62 million, resulting in a cash position of $1.3 billion, ensuring coverage for upcoming debt maturities.
- Global economic conditions led to reduced industrial activity and petrochemical spreads, negatively impacting regional profitability, especially in Brazil and Europe.
- The company's green ethylene plant utilization was at 40%, reflecting ongoing efforts to optimize stock levels amid lower Asian demand.
- The Mexico segment faced challenges with a 47% utilization rate due to maintenance stoppages, resulting in a recurring EBITDA of -$37 million.