$NEXA

Nexa Resources S.A.

CIK:0001713930|SEC Filings

Consolidated income statement - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Net revenues	$ 3,002,055	$ 2,766,481	$ 2,573,233
Cost of sales	(2,289,159)	(2,228,410)	(2,274,357)
Gross profit	712,896	538,071	298,876
Operating expenses
Selling, general and administrative	(145,452)	(127,328)	(126,599)
Mineral exploration and project evaluation	(81,696)	(67,976)	(99,612)
Impairment reversal (loss) of long-lived assets	91,706	(32,870)	(114,643)
Other income and expenses, net	(79,483)	(33,511)	(110,584)
Total operating expenses	(214,925)	(261,685)	(451,438)
Operating income (loss)	497,971	276,386	(152,562)
Results from associates’ equity
Share in the results of associates	21,143	21,223	23,536
Total results from associates' equity	21,143	21,223	23,536
Net financial results
Financial income	29,900	24,028	25,793
Financial expenses	(306,496)	(245,828)	(213,473)
Other financial items, net	89,231	(147,660)	20,622
Total net financial results	(187,365)	(369,460)	(167,058)
Income (loss) before tax	331,749	(71,851)	(296,084)
Income tax (expense) benefit	(108,605)	(115,556)	4,274
Net income (loss) for the year	223,144	(187,407)	(291,810)
Attributable to NEXA's shareholders	132,626	(205,030)	(291,968)
Attributable to non-controlling interests	90,518	17,623	158
Net income (loss) for the year	$ 223,144	$ (187,407)	$ (291,810)
Weighted average number of outstanding shares, basic	132,439	132,439	132,439
Weighted average number of outstanding shares, diluted	132,439	132,439	132,439
Basic earnings (losses) per share	$ 1.00	$ (1.55)	$ (2.20)
Diluted earnings (losses) per share	$ 1.00	$ (1.55)	$ (2.20)

Consolidated statement of cash flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Income (loss) before tax	$ 331,749	$ (71,851)	$ (296,084)
Depreciation and amortization	288,996	330,198	310,475
Impairment (reversal) loss of long-lived assets	(91,706)	32,870	114,643
Share in the results of associates	(21,143)	(21,223)	(23,536)
Interest, foreign exchange and other financial effects	261,559	224,096	137,405
Gain on sale and write-off of property, plant and equipment	1,649	16,183	3,734
Gain on divestments	(7,736)	(9,028)
Other restoration obligations			6,960
Tax voluntary disclosure – VAT discussions			102,939
Changes in provisions and other assets impairments	27,241	(15,512)	(37,800)
Changes in fair value of loans and financings	(2,052)	3,627	525
Debt modification gain		(3,142)
Loss on bonds repurchase	1,905	3,348
Changes in fair value of derivative financial instruments	(4,116)	(194)	(12,514)
Changes in fair value of energy forward contracts	(9,608)	(81)	15,663
Changes in fair value of offtake agreement	49,254	3,347	(2,268)
Contractual obligations	24,637	21,084	10,121
Price cap realized in offtake agreement	(5,011)	(3,246)
Decrease (increase) in assets
Trade accounts receivables	(110,790)	(85,208)	58,067
Inventory	(83,929)	(34,728)	127,002
Other financial instruments	(1,687)	(4,762)	13,271
Other assets	(94,749)	(117,318)	(70,948)
Increase (decrease) in liabilities
Trade payables	(8,174)	139,089	(451)
Confirming payables	126,846	38,335	17,074
Other liabilities	(39,502)	82,979	(42,785)
Cash provided by operating activities	633,633	528,863	431,493
Interest paid on loans and financings	(139,271)	(128,068)	(113,018)
Interest paid on lease liabilities	(9,807)	(11,645)	(6,086)
Premium paid on bonds repurchase	(15,046)	(1,989)
Income tax paid	(104,552)	(35,776)	(56,191)
Net cash provided by operating activities	364,957	351,385	256,198
Cash flows from investing activities
Additions of property, plant and equipment	(351,869)	(259,010)	(310,150)
Additions of intangible assets	(1,994)	(5,748)	(3,087)
Net sales of financial investments	27,320	(663)	19,556
Payment for acquisition of subsidiary, net of cash acquired	997
Proceeds from the sale of property, plant and equipment	1,667	738	1,229
Proceeds from the sale of divestments and restructuring	3,000	2,078
Investments in equity instruments		(700)
Dividends received	23,835	25,185	22,100
Net cash used in investing activities	(297,044)	(238,120)	(270,352)
Cash flows from financing activities
New loans and financings	542,414	799,439	56,408
Debt issue costs	(4,931)	(7,577)	(74)
Payments of loans and financings	(632,856)	(681,475)	(27,087)
Payments of lease liabilities	(43,616)	(32,056)	(15,170)
Dividends paid	(34,267)	(15,529)	(23,713)
Payments of share premium	(13,400)		(25,000)
Purchase of non-controlling interest shares	(513)
Purchase of stake in subsidiary by non-controlling shareholders		510
Capital contribution of non-controlling interest to capital		(866)
Capital contribution of non-controlling interest to subsidiary	1,864
Net cash (used in) provided by financing activities	(185,305)	62,446	(34,636)
Foreign exchange effects on cash and cash equivalents	12,726	(12,433)	8,223
Increase (decrease) in cash and cash equivalents	(104,666)	163,278	(40,567)
Cash and cash equivalents at the beginning of the period	620,537	457,259	497,826
Cash and cash equivalents at the end of the year	515,871	620,537	457,259
Non-cash investing and financing transactions
Additions to right-of-use assets	(50,011)	(64,955)	(68,428)
Consolidation effect on subsidiary acquisition	210
Additions to property, plant and equipment		(18,851)
Write-offs of property, plant and equipment	3,316	16,579	4,089
Write-offs of intangible assets	1	342
Write-offs of right of use assets		$ (5,348)	$ (7,374)

Consolidated balance sheet - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 515,871	$ 620,537
Financial investments	5,687	19,693
Other financial instruments	18,643	5,279
Trade accounts receivables	228,588	140,793
Inventory	414,395	325,196
Recoverable income tax	11,812	7,575
Other assets	77,225	88,195
Total current assets	1,272,221	1,207,268
Non-current assets
Investments in equity instruments	5,219	5,093
Other financial instruments	18,124	3
Deferred income tax	307,293	236,887
Recoverable income tax	6,592	5,540
Other assets	211,427	135,726
Investments in associates	32,274	29,488
Property, plant and equipment	2,433,672	2,097,508
Intangible assets	877,928	834,687
Right-of-use assets	110,167	85,265
Total non-current assets	4,002,696	3,430,197
Total assets	5,274,917	4,637,465
Current liabilities
Loans and financings	55,415	50,883
Lease liabilities	45,516	32,747
Other financial instruments	32,233	8,523
Trade payables	500,025	443,288
Confirming payables	415,388	268,175
Dividends payable	26,918	3,707
Asset retirement, restoration and environmental obligations	39,326	47,561
Provisions	23,558	13,481
Contractual obligations	18,166	31,686
Salaries and payroll charges	83,597	70,234
Tax liabilities	83,368	54,772
Other liabilities	143,834	120,236
Total current liabilities	1,467,344	1,145,293
Non-current liabilities
Loans and financings	1,650,569	1,711,750
Lease liabilities	75,618	63,152
Other financial instruments	71,660	28,611
Asset retirement, restoration and environmental obligations	281,107	231,825
Tax liabilities	96,333	96,563
Provisions	29,913	32,151
Deferred income tax	177,945	132,535
Contractual obligations	72,596	69,272
Other liabilities	62,269	66,020
Total non-current liabilities	2,518,010	2,431,879
Total liabilities	3,985,354	3,577,172
Shareholders’ equity
Attributable to NEXA’s shareholders	1,002,934	813,930
Attributable to non-controlling interests	286,629	246,363
Total shareholder’s equity	1,289,563	1,060,293
Total liabilities and shareholders’ equity	$ 5,274,917	$ 4,637,465