Quarterly ResultMay 6, 2026, 04:14 PM
Nexa Resources Q1 Net Income $118.1M, up 311%; Revenue up 41.6%
AI Summary
Nexa Resources S.A. reported strong financial results for the first quarter of 2026, with net income surging by 310.9% to $118.1 million and net revenues increasing by 41.6% to $888.3 million. Earnings per share also saw a substantial rise to $0.67. The company's Adjusted EBITDA more than doubled, reflecting improved operational performance and higher metal prices. Additionally, Nexa's Board recommended a cash distribution to shareholders, and the company secured a new $40.0 million Export Prepayment Loan.
Key Highlights
- Net income for Q1 2026 increased by 310.9% to $118.1 million, up from $28.7 million in Q1 2025.
- Net revenues rose by 41.6% to $888.3 million in Q1 2026, compared to $627.1 million in Q1 2025.
- Basic and diluted earnings per share (EPS) increased to $0.67 in Q1 2026 from $0.09 in Q1 2025.
- Adjusted EBITDA grew by 126.1% to $282.6 million in Q1 2026, up from $125.0 million in Q1 2025.
- Net cash used in operating activities improved significantly to $55.6 million outflow in Q1 2026 from $184.7 million outflow in Q1 2025.
- Nexa's Board recommended a cash distribution of approximately $17.5 million as share premium reimbursement, subject to AGM approval.
- The company secured a new Export Prepayment Loan of $40.0 million at an annual rate of 4.69% in March 2026.
- Nexa paid $12.2 million regarding specific Peruvian uncertain income tax positions in January 2026.