Braskem(US:BAK)2025-11-11 15:30Financial Performance - Recurring EBITDA for Q3 2025 was US$150 million, a 104% increase compared to Q2 2025, but a 65% decrease compared to Q3 2024[8] - The company's cash position is approximately US$1.3 billion, providing about 27 months of coverage for debt maturities[9] - Liquidity stands at approximately US$2.3 billion, including cash and a stand-by credit line maturing in December 2026[9] Operational Highlights - The utilization rate in Brazil was 65%, a decrease of 9 percentage points compared to Q2 2025[9] - Green Ethylene utilization rate was 40%, a decrease of 31 percentage points compared to Q2 2025[9] - The utilization rate in the US & Europe was 79%, an increase of 5 percentage points compared to Q2 2025[9] - Mexico's utilization rate was 47%, an increase of 3 percentage points compared to Q2 2025[9] Market Scenario - The global macroeconomic environment remains volatile, impacting global demand and putting pressure on spreads in the international market[10] - There was soft demand in the third quarter across all regions, which is atypical for the season[11] - International market spreads have decreased to historically low levels due to an imbalance in global supply and demand[11] Strategic Initiatives - The company is implementing a Resilience and Transformation Program to address challenges in the petrochemical sector and enhance efficiency and competitiveness[74] - The company is advancing initiatives to increase gas-based capacity, optimize NAFTA-based operations, and transition to renewable resources[75]