Braskem S.a. · BMFBOVESPA:BRKM3
Braskem — 1Q26 Earnings Presentation
34 slides from Braskem's earnings presentation, May 14, 2026
Slide 1: Earnings Release 1Q26
Slide 2: Main Operational and Financial Indicators
Main Operational indicators ae «as as Chg. Chg. (a) (8) (c) (ay/(s) (ay/{c) Brazil Utilization Rate Ethylene (%) 69% 59% 70% Spp. “6p. Sales Volume of Main Chemicals (kton) 622 595 632 5% 2% Sales Volume of Main Chemicals Exports (kton) 39 52 64 25% 3956 Sales Volume of Resins (kton) 782 703 807 5%
Slide 3: Brazil/South America Spreads and Prices
BRAZIL/SOUTH AMERICA (ay/(8) aman = 3 a ee (is ; ; ———— ee = a ae ae ee ee — = mee Resins (i) “USS/t 934 793 962 18% 3% an —————— a es Ze) ee oe ee crs oi a a a Main Chemicals (ii) Uss/t 951 ‘846 993 12% 4% perce on ———E—E oe = a Resins (i) USS/t 358 308 382 16% 6% PE US (iii) USS/t 432 350 487 23%
Slide 4: Brazil Demand and Net Revenue
· Demand for resins in Brazil (PE, PP and PVC): in line with 4Q25, mainly due to higher PP demand (+6%), with emphasis on the food, beverage and hygiene sectors, combined with the inventories replenishment in the transformation chain. This effect was partially offset by the lower demand for PVC (-8%
Slide 5: USA and Europe Prices and Spreads
USA and EUROPE ‘Average Price - USand Europe (i) ussite 1,297 1,158 1421 2% 0% pus ussit 4,290 a2 1440 15% 10% PP Europe uss 4317 4,255 ag % 1% ‘Average Price Raw Material (i) ussit 930 ait 1013 15% 11% Propylene Polymer Grade US ussit 349 680 999 23% 15% Propylene Polymer Grade Europe ssi 1137 4.15
Slide 6: USA and Europe PP Demand and Net Revenue
· PP Demand: compared to 4Q25, PP demand was higher in North America (+5%) and Europe (+8%), mainly due to the higher demand following the seasonal decline in 4Q25. Compared to 1Q25, PP demand in North America was higher (+3%) and in Europe (+2%), mainly explained by the anticipation of purchases in
Slide 7: Mexico PE Demand and Net Revenue
· PE demand in the Mexican market: Remained in line with the previous quarter. Compared to 1Q25, demand was higher (+6%), mainly driven by market expectations of an increase in PE prices in the international market. · Net Revenue: lower in dollars (-32%) and in reais (-33%) mainly due to the reducti
Slide 8: Income Statement
Income 1026 4025 1035 che. RS milion nm ©) (a caer (Goss Revenue 1509318296 22,603 20% NetRevenue 35488 1610115480 20% Cost of Good Sold (8388) 63653) 48,250) 20% Gross Profit 1.100 (ss) 1310 “16% Selng and Ostribaton Expenses (504) (507 ‘san 7% (Loss reversals forimpainment of account receivable z
Slide 9: Net Revenue Consolidated
‘Net Revenue (RS million) | Consolidated" 1026 50% : 1% (a 4025 60% 2% % 1025 50% - 7% (5 HL rar ML Usa and curope ML exports? Ml Green Pe + ETHE | Mexico D8 nat conser Todor ele and others 2conaiers only exports rem Bra adjust for 12269 concider the vlume cf Gran PE sles in ein the Graskan macket a
Slide 10: Other Revenue (Expenses), Net
4.3 OTHER REVENUE (EXPENSES), NET
Slide 11: Other Expenses Net
It totaled net expenses of R$60 million, mainly due to the increase in the provision related to the geological event in Alagoas and the update of the calculation of the present value adjustment (AVP), totaling approximately US$18 million (R$93 million).
Slide 12: Consolidated Result by Segment
[1] Braskem’s consolidated result corresponds to the sum of the results in Brazil, United States & Europe, and Mexico, minus eliminations and reclassifications of purchases and sales among the segments reported by the Company, plus Other Segments.
Slide 13: Financial Expenses and Income
· Financial expenses: reduction compared to 4Q25 (-10%) mainly explained (i) by the annual monetary adjustment related to miscellaneous provisions carried out in 4Q25; and (ii) by the reduction due to lower expenses with the adjustment to present value related to the estimates of disbursement over t
Slide 14: REIQ Investments
· REIQ Investments: At the end of 1Q26, the Company recorded around R$68 million (US$13 million) in net tax credits through REIQ Investimentos. This amount is mainly related to investments for the implementation of the Transforma Rio project, in technology for efficiency in the resin chain and in th
Slide 15: Ethane Import Terminal
Ethane Import Terminal: in May 2025, the construction project of the ethane import terminal in Mexico was completed, through the subsidiary Terminal Química Puerto México ("TQPM"), a joint venture between Braskem Idesa and Advario, with a 50% stake for each shareholder. The project financing taken b
Slide 16: Cash Generation
(A) Recurring EBITDA 1,006 Changes in Working Capital’ (3,523) Operational CAPEX (606) Strategic Investments? (46) Cash Generated (used) in operating activities (3,169) Interest Paid (157) Income tax and social contribution paid 38 Proceeds from the sale of investments : Others? (265) Recurring Cash
Slide 17: Braskem Rating
Agency Rating Outlook Date FITCH CC - 12/30/2025 S&P CCC- Negative 9/26/2025 Agency Rating Outlook Date FITCH CC (bra) - 12/30/2025 S&P brCCC- Negative 9/26/2025 4.9.2 BRASKEM RATING CORPORATE CREDIT RATING – GLOBAL SCALE CORPORATE CREDIT RATING – NATIONAL SCALE
Slide 18: Braskem Idesa Capital Structure Review
In September 2025, the Company announced that Braskem Idesa hired advisors to support them in evaluating a wide range of economic and financial options in order to review its current capital structure. This decision reflects Braskem Idesa's continued efforts to preserve its liquidity and improve its
Slide 19: Stock Performance
Stock Performance 160 @ Jan Feb Mar Apr Free Float distribution in 03/31/2026 ‘Shareholding composition in 03/31/2026 (60 shares amount) (83+ NYSE) I Brazilians i individuals ME Novonor Ml others I Foreigners Hi Legal entities I Petrobras | Tresury Mors
Slide 20: Resin Sales by Sector
Resin sales by sector (%) | Mexico segment
Slide 21: Sales Volume per Region
‘Sales Volume per Region (%) 1076 04% 1% om BK 4025, 53% 10% | 6% 15% 1025 50% 10% | 9% 12%
Slide 22: Opening of the COGS United States & Europe
Opening of the COGS (%) | United States & Europe Segment
Slide 23: Opening of the COGS Mexico
Opening of the COGS (%) | Mexico Segment
Slide 24: COGS Breakdown
seas 7 sok ok a wos wk me ow low me = REE: WE stone watalcas Mote val cnt) Meee i bepracamere Ml sale fraght Ml raed cons
Slide 25: Consolidated Recurring EBITDA Calculation
6.5 CONSOLIDATED RECURRING EBITDA CALCULATION
Slide 26: Consolidated Recurring EBITDA Calculation
6.6 CONSOLIDATED RECURRING EBITDA CALCULATION
Slide 27: Consolidated Results by Segment
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Slide 28: Segment Results
Segment a ra ms Tbe rm Bs 2 ston Ya Be Ea ze Ear ma Tat ba =
Slide 29: Indicators
indicators Che. US$ milion (aye Recurring EBITDA EBITDA Maria! SGBA/Net Revenue (6) ‘Adjusted Net Debt ‘Adjusted Net Debt/Recuring EBITDA (UTM)? Recurring EBITDA (LTMI/interest Paid (UTM) “66 Share Price (Final) Shares Outstanding (Milion)® Market Cap ‘Adjusted Net Debt Braskem Braskem Idesa (75%) E
Slide 30: Consolidated Balance Sheet
ASSETS (R$ milion) Current Mar/26 Change (a) (aire) (Cash and Cash Equivalents Marketable Securites/Held for Trading Accounts Receivable Inventories Recoverable Taxes 2451 m% Prepaid expenses 482 2% Derivatives 229 10% Other Assets 14682 40% ‘Non Current 49,679 5181 a6 ‘Marketable Securties/ Held to
Slide 31: Cash Flow
1026 4Q25 Change Change RS million (a) (8) (cq) (ays) __{Av/(C) Profit (Loss) Before Income Tax and Social Contribution 953 (539) 817 na. 17% ‘Aalst for Result Restatement Depreciation and Amortization 4s ahaa Equity Result 14 9) a interest, Monetaryand Exchange Variation, Net om) 3965 fata) na Prov
Slide 32: Braskem Idesa Balance Sheet
6.11 BRASKEM IDESA BALANCE SHEET
Slide 33: Braskem Idesa Balance Sheet
Mar/26 chan ASSETS (R$ million) d ey Oo (ay) Current 2923 10% ‘Cash and Cash Equivalents 230 1% ‘Accounts Receivable a2 Inventories 965 Recoverable Taxes ns other 457 ‘Non Current 17,670 “Taxes Recoverable 238 Deferred income Tax and Social Contribution 2,450 other 43 Property, Plant and Equipament
Slide 34: Braskem Idesa Cash Flow
[Braskem Idesa Cash Flow 1026 1025 Change Change R$ million w © ave) ao, Profit (Loss) Before income Tax and Socal Contribution (20) (2287) (402) ——6ON «BT “Adjustments for Recondition of Proft (Loss) Depreciation and Amortization 304 396 2s a2 Equity Result : - : nana Interest, Monetary and Exchang