Braskem, a global petrochemical company that develops sustainable chemical and plastic solutions to improve people's lives, reported recurring EBITDA of BRL 1 billion in the first quarter of 2026. The result represents a 76% increase compared to 4Q25, mainly driven by higher petrochemical spreads across all regions, as well as the positive impact on raw material procurement under REIQ. During the period, the company reversed its previous net loss and reported net income attributable to shareholders of BRL 1.4 billion.

 "It is important to highlight that, during the first quarter, we observed moderate global growth. However, with the onset of conflict in the Middle East at the end of February, volatility in international markets increased significantly-particularly in energy prices-raising raw material costs and positively impacting international petrochemical spreads, which have not yet been reflected in the company's first-quarter results," said Roberto Ramos, CEO.

Petrochemical plant utilization

In Brazil, the average ethylene utilization rate of petrochemical plants increased to 69% in 1Q26, up 10 percentage points from the previous quarter. Alongside this improvement, resin sales in the Brazilian market totaled 782 thousand tons, a 5% increase versus 4Q25.

In the United States and Europe, operations accelerated, with utilization rates rising by 8 percentage points to reach 79% in the quarter. In Mexico, however, utilization ended 1Q26 at 55%, a decrease of 30 percentage points compared to 4Q25.

Segment performance

In Brazil and South America, the average international resin spread increased by 16% compared to the previous quarter. Recurring EBITDA for the segment reached USD 241 million, a 69% increase versus the last quarter of 2025. This performance was primarily driven by lower production costs due to PIS/COFINS tax credits on raw material purchases under REIQ.

In the United States and Europe, the average polypropylene (PP) spread rose 6% compared to 4Q25. PP sales volumes increased by 3%, totaling 496 thousand tons, driven by inventory buildup and advance purchasing within the conversion chain amid geopolitical uncertainty. As a result, the segment posted a recovery, delivering positive recurring EBITDA of USD 21 million, reversing the negative result recorded in the previous quarter.

In Mexico, polyethylene (PE) spreads increased by 32% compared to 4Q25. Despite this, PE sales volumes declined by 37%, totaling 140 thousand tons due to reduced ethane supply from PEMEX and lower ethane imports, in line with Braskem Idesa's liquidity needs. Under this scenario, the segment reported negative recurring EBITDA of USD 15 million.

Alagoas updates

Throughout the first quarter of 2026, the company made progress on its initiatives in Maceió. By the end of March, the Financial Compensation and Relocation Assistance Program (PCF) had recorded 19,204 proposals submitted (99.9% of the total), with 99.6% already accepted and paid, totaling more than BRL 4.2 billion disbursed since the program's inception. 

In parallel, Braskem continues to advance its socio-urban initiatives, with six of the eleven urban mobility projects already completed and the remainder under execution or planning. These milestones reflect consistent compliance with the commitments made to authorities and improvements to the local environment, including the ongoing disbursements established under the agreement signed with the state of Alagoas at the end of 2025 for the full remediation of the region.