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As filed with the Securities and Exchange Commission on March 28, 2025

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR

12(g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)

For the fiscal year ended December 31, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OR

☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d)

Commission file number:001-14862

BRASKEM S.A.

(Exact Name of Registrant as Specified in its Charter)

N/AThe Federative Republic of Brazil D5
(Translation of Registrant’s Name into English)(Jurisdiction of Incorporation or Organization)

**Rua Lemos Monteiro, 120 – 24° andar

Butantã –São Paulo, SP – CEP 05501-050 –Brazil

(Address of Principal Executive Offices)

Felipe Montoro Jens

Rua Lemos Monteiro, 120 – 24° andar

Butantã –São Paulo, SP – CEP 05501-050 –Brazil

Telephone: +55 11 3576-9000

Fax: +55 11 3576-9532

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of Each ClassTrading SymbolName of Each Exchange on which Registered
Preferred Shares, Class A, without par value per share, each represented by American Depositary SharesBAKNew York Stock Exchange

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

The total number of issued shares of each class of stock of Braskem S.A. as of December 31, 2024 was:

451,668,652 Common Shares, without par value

345,060,392 Preferred Shares, Class A, without par value

478,790 Preferred Shares, Class B, without par value

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No ☒

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒Accelerated filer ☐Non-accelerated filer ☐Emerging growth company ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

U.S. GAAP ☐International Financial Reporting Standards as issued by the International Accounting Standards Board ☒Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.☐ Item 17☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

TABLE OF CONTENTS

Page

PRESENTATION OF FINANCIAL AND OTHER INFORMATIONi
CAUTIONARY STATEMENT WITH RESPECT TO FORWARD-LOOKING STATEMENTSxii
PART I1
Item 1.Identity of Directors, Senior Management and Advisers1
Item 2.Offer Statistics and Expected Timetable1
Item 3.Key Information1
Item 4.Information on the Company61
Item 4A.Unresolved Staff Comments99
Item 5.Operating And Financial Review and Prospects99
Item 6.Directors, Senior Management and Employees134
Item 7.Major Shareholders and Related Party Transactions156
Item 8.Financial Information165
Item 9.The Offer and Listing181
Item 10.Additional Information182
Item 11.Quantitative and Qualitative Disclosures About Market Risk202
Item 12.Description of Securities Other than Equity Securities206
PART II208
Item 13.Defaults, Dividend Arrearages and Delinquencies208
Item 14.Material Modifications to the Rights of Security Holders and Use of Proceeds208
Item 15.Controls and Procedures208
Item 16A.Audit Committee Financial Expert209
Item 16B.Code of Ethics210
Item 16C.Principal Accountant Fees and Services210
Item 16D.Exemptions From the Listing Standards for Audit Committees211
Item 16E.Purchases of Equity Securities by the Issuer and Affiliated Purchasers211
Item 16F.Change in Registrant’s Certifying Accountant211
Item 16G.Corporate Governance211
Item 16H.Mine Safety Disclosure215
Item 16I.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections215
Item 16J.Insider Trading Policies215
Item 16K.Cybersecurity215
PART III219
Item 17.Financial Statements219
Item 18.Financial Statements219
Item 19.Exhibits219
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.