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NEXA

Nexa Resources S.A.

NEXA

Nexa Resources S.A. • NYSE
$7.00 ▲ 3.70% (+0.25)
Market Cap $927.07 M
52w High $9.61
52w Low $4.44
Dividend Yield 0.10%
P/E -53.85
Volume 203.12K
Outstanding Shares 132.44M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $751.598M ▲ $44.16M ▼ $69.34M ▲ 9.226% ▲ $0.52 ▲ $299.168M ▲
Q2-2025 $708.422M ▲ $72.607M ▲ $1.083M ▼ 0.153% ▼ $0.008 ▼ $163.721M ▼
Q1-2025 $627.115M ▼ $72.603M ▲ $11.849M ▲ 1.889% ▲ $0.089 ▲ $174.986M ▲
Q4-2024 $740.918M ▲ $21.595M ▼ $-98.501M ▼ -13.294% ▼ $-0.74 ▼ $141.209M ▼
Q3-2024 $709.476M $41.819M $-5.152M -0.726% $-0.039 $186.573M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $470.327M ▲ $5.18B ▲ $3.925B ▲ $977.224M ▲
Q2-2025 $417.694M ▲ $4.874B ▲ $3.728B ▲ $889.864M ▲
Q1-2025 $401.206M ▼ $4.673B ▲ $3.556B ▼ $869.203M ▲
Q4-2024 $640.23M ▲ $4.637B ▼ $3.577B ▲ $813.93M ▼
Q3-2024 $524.923M $4.77B $3.504B $998.957M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $69.34M ▲ $192.095M ▲ $-92.858M ▼ $-51.483M ▼ $52.391M ▲ $96.873M ▲
Q2-2025 $36.511M ▼ $99.936M ▲ $-71.091M ▼ $-14.235M ▼ $17.484M ▲ $12.679M ▲
Q1-2025 $58.222M ▲ $-183.271M ▼ $-33.169M ▲ $-13.59M ▲ $-225.713M ▼ $-234.003M ▼
Q4-2024 $-98.501M ▼ $242.117M ▲ $-63.637M ▼ $-67.251M ▼ $107.328M ▲ $174.991M ▲
Q3-2024 $-5.152M $132.722M $-49.599M $-33.594M $51.263M $79.961M

Five-Year Company Overview

Income Statement

Income Statement Nexa’s revenue base has grown over the last few years, but profits have been very uneven. Operating performance has generally been positive, with a clear improvement from the prior year, but the company is still reporting bottom‑line losses in most recent periods. This pattern points to a business that can generate value from its assets but is highly exposed to metal price swings, energy and input costs, and non‑cash items like depreciation. Profitability has been strongest in good commodity years and has quickly slipped into losses when conditions turned, underscoring how cyclical and volatile earnings are.

Balance Sheet

Balance Sheet The balance sheet shows a heavy asset base, consistent with a capital‑intensive miner and smelter. Debt has come down somewhat from earlier years but remains sizable compared with the company’s equity, which has been eroded by recent losses. Cash reserves are meaningful but not abundant, providing a cushion yet not a large one if markets turn sharply. Overall, the company appears solid enough to operate but does not have an especially thick equity buffer, so balance‑sheet discipline will matter if volatility persists.

Cash Flow

Cash Flow Nexa has consistently generated positive cash from its day‑to‑day operations, which is a key strength. However, its investment needs are high, with substantial ongoing spending on mines and plants. As a result, free cash flow has hovered around breakeven over time, occasionally dipping negative and only recently turning modestly positive. This profile suggests the business can largely fund itself, but it has limited room for error when commodity prices are weak or when large projects ramp up at the same time.

Competitive Edge

Competitive Edge The company’s main edge comes from being vertically integrated: it controls mining, smelting, and the sale of several metals, which can lower costs and smooth supply. Nexa is also diversified across zinc and other metals like copper, lead, silver, and gold, and operates mainly in Brazil and Peru, which spreads some but not all geographic risk. Its strong push on environmental and social standards, relatively low carbon footprint, and circular‑economy initiatives help differentiate it in a sector under growing ESG scrutiny. Still, it competes against much larger global miners, faces commodity price and regulatory swings, and is concentrated in Latin America, which can bring political and community‑related risks.

Innovation and R&D

Innovation and R&D Nexa leans heavily on applied innovation and partnerships rather than traditional in‑house R&D labs. Its “Mining Lab” program taps startups and tech firms for solutions in automation, data analytics, artificial intelligence, geotechnical surveying, and waste‑to‑energy, all aimed at safer and more efficient operations. Projects like converting waste into energy, turning mine residues into agricultural products, and the highly sustainable Aripuanã mine show a practical, cost‑focused innovation culture. The company is also exploring growth areas such as copper and potential battery‑metal exposure, which, if executed well, could reposition the portfolio toward future demand trends.

Summary

Nexa is a cyclical, capital‑intensive metals producer that has grown its top line but struggled to convert that consistently into stable profits. The balance sheet and cash generation are adequate but not overly conservative, leaving the company sensitive to prolonged downturns or project setbacks. On the strategic side, Nexa’s integrated mining‑to‑smelting model, multi‑metal portfolio, and strong sustainability agenda provide clear competitive advantages and help attract partners and stakeholders. The key questions going forward are whether new projects like Aripuanã, the digital and ESG initiatives, and potential moves into copper and battery‑related metals can translate into steadier profitability and stronger free cash flow through the commodity cycle.

NEWS

October 30, 2025 · 4:50 PM UTC

Nexa Resources Reports Strong 3Q25 Results with Net Income of US$100 Million

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