Nexa Resources S.A.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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Mar 31, 2026 · Filed May 6, 2026
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Contents
EX-99.1 · Appendix
Appendix
Income Statement
| US$ million | 1Q26 | 4Q25 | 1Q25 |
|---|---|---|---|
| Net Revenues | 888.3 | 903.0 | 627.1 |
| Cost of sales | (616.2) | (603.2) | (500.6) |
| Gross Profit | 272.1 | 299.8 | 126.6 |
| SG&A | (40.6) | (40.2) | (35.1) |
| Mineral Exploration and Project Evaluation | (16.1) | (26.6) | (16.0) |
| Impairment reversal (loss) of long-lived assets | 1.4 | (12.5) | (0.3) |
| Other income and expenses, net | (8.6) | (14.4) | (21.2) |
| Operating income | 208.2 | 206.2 | 54.0 |
| Share in the results of associates | 6.1 | 6.1 | 4.9 |
| Net Financial Results | (10.3) | (113.4) | (0.6) |
| Financial income | 9.3 | 8.4 | 8.9 |
| Financial expenses | (54.9) | (99.1) | (55.2) |
| Other financial items, net | 35.4 | (22.6) | 45.7 |
| Depreciation and amortization | (77.4) | (65.1) | (65.8) |
| Adjusted EBITDA | 282.6 | 300.0 | 125.2 |
| Adj. EBITDA margin | 31.8% | 33.2% | 20.0% |
| Income tax expense | (85.9) | (17.9) | (29.5) |
| Net Income | 118.1 | 81.0 | 28.7 |
| Attributable to Nexa's shareholders | 89.3 | 50.4 | 11.8 |
| Attributable to non-controlling interests | 28.7 | 30.6 | 16.9 |
| Weighted average number of outstanding shares – in thousand | 132,439 | 132,439 | 132,439 |
| Basic and diluted earnings per share – (in US$) | 0.67 | 0.38 | 0.09 |
| Adjusted Net Income | 115.1 | 109.7 | 34.2 |
| Adjusted basic and diluted earnings per share – (in US$) | 0.67 | 0.60 | 0.16 |
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| Table of Contents | Earnings Release 1Q26 |
|---|
Consolidated statement of cash flows – Reconciliation
Nexa manages and reports Operating cash flow before working capital variations. Working capital can be volatile due to several factors, including prices and a build-up or reduction of inventories. Management believes this measure provides investors with better visibility of the operating cash flow performance and our capital allocation strategy.
| US$ million | 1Q26 | 4Q25 | 1Q25 |
|---|---|---|---|
| Operating cash flow before working capital variations | 308.0 | 299.3 | 165.1 |
| Working capital variations | (282.7) | 48.6 | (274.2) |
| Decrease (increase) in assets | |||
| Trade accounts receivables | (30.0) | (59.5) | (11.9) |
| Inventory | (14.6) | (15.3) | (22.2) |
| Other financial instruments | 1.0 | (7.1) | 2.7 |
| Other assets | (1.0) | (0.2) | (60.6) |
| Increase (decrease) in liabilities | |||
| Trade payables | (98.1) | 26.3 | (120.5) |
| Confirming payables | (71.1) | 90.9 | (2.4) |
| Other liabilities | (68.9) | 13.6 | (59.3) |
| Cash provided by (used in) operating activities | 25.3 | 348.0 | (109.1) |
| Interest paid (1) | (22.5) | (48.4) | (31.5) |
| Income tax paid | (58.4) | (18.7) | (44.1) |
| Net cash provided by (used in) operating activities | (55.6) | 280.8 | (184.7) |
| Capital Expenditures ("CAPEX") (2) | (71.7) | (125.3) | (50.7) |
| Dividends paid/received (Net) (3) | (25.3) | 2.2 | (0.3) |
| New loans and debt repayment (4) | 21.1 | (113.9) | 2.6 |
| Foreign exchange effects | 5.7 | 4.0 | 4.3 |
| Other items (5) | 0.1 | 3.3 | 3.1 |
| Increase (Decrease) in cash and cash equivalents | (125.8) | 51.2 | (225.7) |
| Cash and cash equivalents at the beginning of the period | 515.9 | 464.7 | 620.5 |
| Cash and cash equivalents at the end of the period | 390.1 | 515.9 | 394.8 |
Note: For further details please refer to “Consolidated statement of cash flows” in the Financial Statements.
(1) Includes: Interest paid on loans and financings; and Interest paid on lease liabilities.
(2) Includes: Additions of property, plant and equipment; and Additions of intangible assets. Refer to the “Capital Expenditures (“CAPEX”)” section of this earnings release for CAPEX breakdown.
(3) Includes: Dividends received; Dividends paid; Payments of share premium; and Dividends not withdrawn.
(4) Includes: Premium paid on bonds repurchase; Net sales (purchases) of financial investments; New loans and financings; Debt issue costs; Payments of loans and financings; Payments of lease liabilities; Payments of fair value debt; Bonds Repurchase; and Other high liquid short term investments.
(5) Includes: Subsidiary acquisition cash effects, net; Proceeds from the sale of property, plant and equipment; Proceeds from the sale of divestments and restructuring; Investments in equity instruments; Acquisition of additional shares in associates; Repurchase of the Company's own shares; Acquisition of non-controlling interests; Effects of transactions with non-controlling interest in subsidiary; Purchase of non-controlling interest shares; Purchase of stake in subsidiary from non-controlling shareholders; Contribution of non-controlling interest capital; and Capital contribution of non-controlling interest to subsidiary.
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