Braskem evaluates extrajudicial debt recovery

Braskem is evaluating an extrajudicial debt recovery process as it faces a critical deadline on August 24, when its current judicial protection expires. The company is attempting to reach agreements with banks and investors holding its debt securities to avoid more drastic measures.

The petrochemical firm is navigating a combination of operational difficulties, a prolonged industry downturn affecting margins, and costs stemming from the salt dome mining disaster in Alagoas. While Braskem reported improved indicators in the first quarter of 2026, including a recurring EBITDA of R$ 1 billion and a net profit of R$ 1.4 billion, high financial pressure remains due to accumulated obligations.