6-K - Braskem S.A. | StockGist

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Braskem S.A. reported a significant loss for the fiscal year ended December 31, 2025, driven by reduced gross profit and a large write-off of deferred tax assets, while also detailing severe financial distress at its subsidiary Braskem Idesa and ongoing capital structure reorganization efforts.

Key Takeaways

1The Company recorded a net loss attributable to shareholders of R$9,880 million for FY 2025, a reduction from 2024, primarily due to a R$4,441 million decrease in gross profit and a R$7,593 million write-off of deferred tax assets.

2Braskem Idesa, a key subsidiary, defaulted on interest payments for its bonds in November 2025 and February 2026, leading to the reclassification of R$12,083 million in debt to current liabilities and engagement in capital structure reorganization discussions, including potential judicial measures.

3The Company's total shareholders' equity was negative R$16,147 million as of December 31, 2025, and its corporate financial leverage (excluding Braskem Idesa) was 14.38x in Brazilian reais, indicating a highly leveraged and distressed financial position.

4Liquidity indicators deteriorated, with current liquidity falling to 0.76x in 2025 from 1.31x in 2024, and the Company's credit ratings were downgraded to 'CC' by Fitch and 'CCC-' by S&P, reflecting significant credit deterioration.

5Management is engaged in a comprehensive review of economic and financial alternatives to reorganize its capital structure, having hired financial and legal advisors in September 2025, with the process dependent on variables outside the Company's exclusive control.

Current Report Details

Event Type

Other Event

Material Agreement

Management Change

Disclosure

Voluntary

Variant

6-K

Items Reported

2.1

.f (i) above, the Company has the following long-term relations with financial institutions arising from transactions with derivatives, as presented in note 18.

Material Agreement

$2.53$286.0M

2.2

(c) is described in item 2.2(a) (ii) of this Form. 2.3 – Officers' comments on changes in accounting practices/modified opinions and emphases: 2.3.a – Changes i

Management Change

$96.0M$79.0M

2.5

was prepared based on the Company's Financial Statements and should be read and analyzed in conjunction with the information contained in the Company's individu

Other Event

$14.38$14.74$1.42B

8.20

of this Reference Form. Total compensation 12,967,284.00 29,215,364.49 1,063,770.00 43,246,418.49 10.2 Variable Compensation Fiscal Year: December 31, 2026 BoD

Other Event

Results of Operations

Fiscal Year Ended December 31, 2025

Metric	Value	Prior Period
Net Sales and Service Revenue	$70.7K	$77.4K
Gross Profit	$1.6K	$6.0K
Net Income (Loss) for the Period	$-11.0K	$-12.1K
Net Income (Loss) Attributable to Shareholders	$-9.9K

Exhibits (1)

6-K