Braskem S.a. · BMFBOVESPA:BRKM3
Braskem — Q4 2025 Earnings Presentation
23 slides from Braskem's earnings presentation, Mar 27, 2026
Slide 1: Earnings Conference Call 4th Quarter
Braskem EARNINGS CONFERENCE CALL 4th QUARTER MARCH 27, 2026
Slide 2: Disclaimer Regarding Forward-Looking Statements
4Q25 EARNINGS CONFERENCE CALL DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS > This presentation may contain forward-looking statements. These statements are not historical facts and are based on the Company's current vision and estimates of the Company's management regarding future economic and ot
Slide 3: Agenda
AGENDA > Operational and Financial Highlights
Slide 4: 4Q25 and 2025 Financial and Operational Highlights
4Q25 and 2025 Financial and Operational Highlights Recurring EBITDA in the quarter was US$109 MM, impacted by the prolonged petrochemical downturn and the seasonality of the period Utilization rate 2025 vs. 2024 68% -4pp. Brazil 65% -lipp. Green Ethylene 74% Opp USA & Europe 64% -14pp. Mexico Global
Slide 5: Macroeconomic and Petrochemical Scenario in 2025
Macroeconomic and Petrochemical Scenario in 2025 The global macroeconomic environment remained volatile throughout the year, affecting global demand which, combined with excess supply, continued to put pressure on spreads in the international market. 5 Macro Demand Economic activity of the manufactu
Slide 6: Agenda
AGENDA Operational and Financial Highlights > Performance by segment oN “ay ° \ Consolidatéd.performance N\ ~~ “Global Petrochemical Scenario a _ eee Priorities 2026 Ss 6 | PUBLIC
Slide 7: 4Q25 and 2025 performance | Brazil
4Q25 and 2025 performance | Brazil Brazil's recurring EBITDA in 4Q25 was impacted by the adequacy of sales volume to petrochemical spread levels considering the industry's prolonged downturn Utilization Rate of op.) Petrochemical Plants (% of ethylene capacity utilization) 70% 65% 59% 72% 68% t 22%
Slide 8: 4Q25 performance | USA & Europe
4Q25 performance | USA & Europe The U.S. and Europe segment remained impacted by spreads at historically low levels | Recurring EBITDA 2024 vs. 2025 (US$ millions) 177 _ Utilization Rate of ' U.S. & European 67m 9% 71% 74% 70% ' plants (96 of PP capacity utilization) | . (52) Recurring Volume Contri
Slide 9: 4Q25 and 2025 performance | Mexico
4Q25 and 2025 performance | Mexico In Mexico, the operation was reestablished in 4Q25 after the conclusion of the general maintenance shutdown Recurring EBITDA 2025 vs. 2024 (USS million) (9% of PE capacity —- utilization) a 4Q24 Ethane supply { EBITDA 2024 Volume Contribution FC? + OIE? SG&A? Recur
Slide 10: Agenda
AGENDA > Consolidated performance
Slide 11: Consolidated EBITDA 4Q25 e 2025
Consolidated EBITDA 4Q25 e 2025 Recurring EBITDA for the quarter was US$109 million considering the impacts of the prolonged global industry downturn Recurring EBITDA 4Q25 and 2025 Source: Braskem | Note (1): CF: Fixed Costs; SG&A: Selling, General and Administrative Expenses; ECL: Provision for exp
Slide 12: Alagoas Updates (dec/25)
Alagoas Updates (dec/25) The work fronts in Alagoas continued to advance as planned — Relocation and Compensation Program —Total Amount and Balance of Provisions! » Residents' relocations: 99,9% | (RS billion) » Proposals presented: 19.201 (99,9%) » Accepted proposals: 19.131 (99,6%) 18,0 » Paid pro
Slide 13: Performance 2025 | Cash Flow
Performance 2025 | Cash Flow In 2025, recurring cash consumption is mainly explained by lower recurring EBITDA, negative working capital variation, and interest payments on debt securities Consolidated Cash Flow 2025 (RS Million) 3.156 Reduced availability of certain payment agreements with financia
Slide 14: Performance 4Q25 and 2025 | Liquidity and Indebtedness
Performance 4Q25 and 2025 | Liquidity and Indebtedness In line with its cash management, in October/25, the Company withdrew the stand-by credit line, resulting in an increase in gross debt Corporate Debt Profile* (12/31/2025) (USS million) Hi Total cash J Total Debt [I Principal Mj interest MJ Debt
Slide 15: Resilience Program
Resilience Program Through the Resilience Program, the Company sought to implement actions aimed at mitigating the impacts of the challenging scenario for the global petrochemical industry CHALLENGING SCENARIO FOR THE GLOBAL PETROCHEMICAL INDUSTRY Higher volatility in the scenario in 2025, reflectin
Slide 16: Agenda
> @ ENDA a > Global Petrochemical Scenario
Slide 17: Global Petrochemical Scenario
Global Petrochemical Scenario The escalation of the conflict between the US-Israel and Iran in recent weeks continues to boost the prices of raw materials and international freight, which may impact prices and spreads in the sector RAW MATERIAL Oil (Brent) and Naphtha (ARA) (USS/bbl) = Brent —®= Naf
Slide 18: Global Petrochemical Scenario
Global Petrochemical Scenario With the closure of the Strait of Hormuz, the export of resins (PE and PP) and raw materials is restricted in the Middle East, creating value capture opportunities for some regions POSSIBLE GLOBAL PRODUCTIVE IMPACTS * Sensitivities point out that the restriction in the
Slide 19: Agenda
AGENDA Operational and Financial Highlights 19 | PUBLIC
Slide 20: Corporate Strategic Direction — Cycle 2026-2028
Corporate Strategic Direction — Cycle 2026-2028 For the 2026-2028 Cycle, we will reinforce the pillars of strategy defined in the previous cycle, including the creation of value for shareholders as a pillar of the strategic direction Pillars of action ©) Resilience and Financial Health a Transformat
Slide 21: 2026 Priorities
2026 PRIORITIES (¢m Reorganize the Company's Capital Structure, enabling business continuity Implement the initiatives of the Resilience Plan for the petrochemical cycle, with a focus on preserving financial liquidity Advance in the implementation of the initiatives of the Transformation Plan, seeki
Slide 22: Q&A Earnings Conference Call
Q&A EARNINGS CONFERENCE CALL 4Q 2025 MARCH 27, 2026 = Braskem © PUBLIC
Slide 23: Form 6-K forward-looking statements
This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumst