Braskem SA ADR Pfd 2026年年度报告和过渡报告

TABLE OF CONTENTS Table of Contents PRESENTATION OF FINANCIAL AND OTHER INFORMATION All references herein to “real,” “reais” or “R$” are to the Brazilian real, the official currency of the Federative Republic of Brazil, or Brazil. All references to “U.S.dollars,” “dollars” or “US$” are to U.S. dollars, the official currency of the United States. All references to “CHF” are to Swiss francs, the official currency ofSwitzerland. The selling rate was R$5.5024 to US$1.00 as of December 31, 2025, R$6.1923 to US$1.00 as of December 31, 2024, and R$4.8413 to US$1.00 as of December31, 2023, as reported by the Brazilian Central Bank (Banco Central do Brasil, or “Central Bank”). Thereal/U.S. dollar exchange rate fluctuates widely, and theseselling rates may not be indicative of future selling rates. Solely for the convenience of the reader we have translated, to the extent applicable, realamounts in this annual report into U.S. dollars at the selling rate asreported by the Central Bank as of December 31, 2025, of R$5.5024 to US$1.00. These translations should not be considered representations that any such amountshave been, could have been or could be converted into U.S. dollars at that or at any other exchange rate. All references herein to (1) “we,” “us,” “the Company” or “our Company” are references to Braskem S.A., its consolidated subsidiaries, and (2) “Braskem” arereferences solely to Braskem S.A. All references herein to “Braskem Europe” are to Braskem Europe GmbH and its consolidated subsidiaries, including BraskemAmerica, Inc., or Braskem America. Financial Statements Braskem Financial Statements – Going Concern We maintain our books and records inreais. Our consolidated financial statements as of December 31, 2025, and 2024 and for the three years ended December 31,2025, have been audited, as stated in the report appearing therein, and are included in this annual report. These financial statements and related notes includedelsewhere in this annual report are collectively referred to as our audited consolidated financial statements herein and throughout this annual report. Our audited consolidated financial statements have been prepared under the going concern assumption, which presumes the continuity of operations and therealization of assets as well as the settlement of liabilities and commitments in the ordinary course of business of the Company. See “Risk Factors - Our financialstatements as of and for the year ended December 31, 2025 contain a going concern footnote, due to increasing pressure on liquidity.” We have prepared our consolidated financial statements in accordance with IFRS Accounting Standards, as issued by the International Accounting StandardsBoard (“IFRS Accounting Standards”). Market Share and Other Information We make statements in this annual report about our market share in the petrochemical industry in Brazil and our production capacity relative to that of otherpetrochemical producers in Brazil, other countries in Latin America, the United States and the world. We have made these statements based on information obtainedfrom third-party sources that we believe are reliable. We have calculated our Brazilian market share with respect to specific products by dividing our domestic net salesvolumes of these products by the total Brazilian domestic consumption of these products. We derive information regarding the production capacity of other companiesin the global petrochemical industry, international market prices for petrochemicals products and per capita consumption in certain geographic regions principally fromreports published by Chemical Market Analytics by OPIS, a Dow Jones Company (“CMA”). We derive information relating to Brazilian imports and exports fromComexStat, produced by the Brazilian Ministry of Development, Industry, Trade and Services (Ministério do Desenvolvimento, Indústria, Comércio e Serviços, the“MDIC”). We also derive information from reports published by Brazilian Association of the Alkali, Chlorine and Derivatives Industry (Associação Brasileira daIndústria de Álcalis, Cloro e Derivados, the “Abiclor”). We also include information and statistics regarding economic growth in emerging economies obtained fromthe International Monetary Fund (“IMF”), and statistics regarding gross domestic product, growth in Brazil, the United States, Europe and Mexico obtained fromindependent public sources, such as the Brazilian Institute of Geography and Statistics (Instituto Brasileiro de Geografia e Estatística); the U.S. Bureau of EconomicAnalysis of the U.S. Department of Commerce; the statistical office of the European Union (Eurostat); and the Mexican Institute of Statistics and Geography (InstitutoNacional de Estadística y Geografía). Table of Contents We provide information regarding domestic apparent consumption of some of our products based on information available from ComexStat, produced by theMDIC and reports published by Abiclor. Domestic apparent consu