Business · Companies · 1 hr ago
Braskem Posts Larger-Than-Expected Loss as Petrochemical Spreads Narrow
Braskem SA reported a larger-than-expected loss.
The company had stronger sales in Brazil.
But narrower petrochemical spreads weighed on results.
The spreads narrowed as global supplies moved toward normal levels.
That change in supply offset the stronger sales in Brazil.
The company’s loss was therefore larger than expected.
Braskem reported a net loss of R$1.1 billion in the third quarter.
The loss was larger than expected, according to Bloomberg.
Narrower petrochemical spreads amid a normalization of global supplies outweighed stronger sales in Brazil.
The loss worsened from R$26 million in the same period of 2025, UOL reported.
- Who
- Braskem SA, a petrochemical company.
- What
- It reported a net loss of R$1.1 billion in the third quarter.
- When
- The results were disclosed on Thursday, November 12.
- Where
- Not stated.
- Why
- Narrower petrochemical spreads amid a normalization of global supplies outweighed stronger sales in Brazil.
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- Third-quarter net loss
- R$1.1 billion
- Prior-year comparison
- R$26 million loss in the same period in 2025
- Sales
- Stronger in Brazil
- Petrochemical spreads
- Narrowed amid normalization of global supplies