Braskem released its balance for the first quarter of 2025 (Image: Disclosure/Braskem)
THE Braskem (BRKM5) Net income of R $ 698 million in the first quarter of 2025, which reverses a loss of R $ 1.3 billion in the same period of 2024. In dollars, the result was $ 113 million, compared to a loss of $ 273 million a year earlier.
According to the company’s quarterly balance, released at dawn today, EBITDA (profits before interest, taxes, depreciation and amortization) was R $ 1.3 billion, up 16% compared to the first three months of 2024. In US currency, the indicator was $ 224 million, with a 2% drop in the same comparison base.
Net revenue, in turn, was $ 19.5 billion, up 9% over the first quarter of 2024. In dollars, the figure was $ 3.3 billion, with a drop of 8%.
The company explains that net revenue was positively impacted by approximately R $ 37 million for the King Q Investments, which consists of the presumed credit of 1.5% of PIS/Cofins linked to expansion investments in Brazilian chemical industry.
Compared to the same period of 2024, the fall of this indicator was lower in dollars, mainly due to the reduction of 31 thousand tons, or 4%, in the volume of resin sales in the Brazilian market; drop of 30,000 tons, or 5%, in the volume of sales of major chemicals; less 10,000 tons, or 14%, in the volume of exports of major chemicals; 6% reduction in the international price reference of major chemicals and PVC; and 2% in the international polypropylene price reference (PP).
In reais, the increase (+9%) compared to 1T24 is explained by the depreciation of the average real compared to the average dollar, which was 18% in the period.
The cost of the company’s products was R $ 18.2 billion in the quarter, a 9%annual increase. In dollars, the value was $ 3.1 billion, with a drop of 8%.
This decrease in US currency is also explained by volume reductions and partially compensated by the 42% increase and 7% in the international and propane references, respectively.
In reais, again the increase is explained by the depreciation of the average real against the dollar.
The fall of ebitda in dollars is explained by the 8% reduction in the spread average of the main chemicals in the international market; and the volume of resin sales and main chemicals. In reais, the exchange rate also brings the high effect.
The company also points out that, in relation to the international petrochemical scenario, the Spreads Polyethylene (PE) and chemicals in the quarter were higher when compared to the previous quarter (last three months of 2024) mainly due to the lowest offer in the US market and the volatility in the costs of raw materials in the international market, reflecting geopolitical uncertainties.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
