NYSE : NEXA

Nexa Resources S.A. — Financial statements

Materials · Other Industrial Metals & Mining · Luxembourg

Last price 11.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.47B

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Financial statements

Nexa Resources S.A. (NEXA) reported revenue of 3.64B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue3.64B3.00B2.77B2.57B3.03B2.62B
Cost of Revenue2.57B2.30B2.24B2.28B2.41B1.99B
Gross Profit1.06B702.51M527.17M294.50M628.54M633.09M
Selling, General & Admin168.45M145.45M127.33M126.60M145.17M133.80M
Other Operating Expenses60.03M60.03M17.37M88.59M-17.20M-50.01M
Operating Expenses338.03M286.03M262.87M314.80M226.77M168.83M
Operating Income724.48M416.48M264.31M-20.29M401.77M464.26M
Interest Expense-213.35M-213.35M-201.69M-186.94M-152.04M-129.68M
Interest & Investment Income12.99M12.99M12.21M12.63M17.89M7.45M
Earnings From Equity Investments21.14M21.14M21.22M23.54M1.89M
Currency Exchange Gain (Loss)74.37M74.37M-148.55M21.75M11.50M-19.84M
Other Non Operating Income (Expenses)-328.33M-46.33M-32.59M-14.51M-8.89M5.16M
EBT Excluding Unusual Items291.31M265.31M-85.08M-163.81M272.12M327.36M
Gain (Loss) on Sale of Assets6.09M6.09M-7.16M-3.73M-698.00K-4.89M
Asset Writedown90.56M90.56M17.33M-114.64M-32.51M
Legal Settlements-15.16M-15.16M1.91M-13.89M-7.66M-13.17M
Other Unusual Items-15.05M-15.05M1.15M-3.28M
Pretax Income357.75M331.75M-71.85M-296.08M227.97M309.29M
Income Tax Expense108.61M108.61M115.56M-4.27M150.98M153.20M
Earnings From Continuing Operations249.14M223.14M-187.41M-291.81M76.99M156.09M
Net Income to Company249.14M223.14M-187.41M-291.81M76.99M156.09M
Minority Interest in Earnings-103.52M-90.52M-17.62M-158.00K-27.29M-41.76M
Net Income145.63M132.63M-205.03M-291.97M49.70M114.33M
Net Income to Common145.63M132.63M-205.03M-291.97M49.70M114.33M
Shares Outstanding (Basic)132.20M132.44M132.44M132.44M132.44M132.44M
Shares Outstanding (Diluted)132.20M132.44M132.44M132.44M132.44M132.44M
EPS (Basic)1.101.00-1.55-2.200.380.86
EPS (Diluted)1.101.00-1.55-2.200.380.86
Free Cash Flow122.49M13.09M92.38M-53.95M-113.50M7.78M
Free Cash Flow Per Share0.930.100.70-0.41-0.860.06
Dividend Per Share0.33
Gross Margin29.22%23.40%19.06%11.45%20.72%24.14%
Operating Margin19.93%13.87%9.55%-0.79%13.24%17.71%
Profit Margin4.00%4.42%-7.41%-11.35%1.64%4.36%
Free Cash Flow Margin3.37%0.44%3.34%-2.10%-3.74%0.30%
EBITDA1.02B660.36M608.51M290.18M693.91M722.97M
EBITDA Margin28.13%22.00%22.00%11.28%22.87%27.57%
D&A For EBITDA298.50M243.88M344.21M310.48M292.14M258.71M
EBIT724.48M416.48M264.31M-20.29M401.77M464.26M
EBIT Margin19.93%13.87%9.55%-0.79%13.24%17.71%
Effective Tax Rate30.36%32.74%66.23%49.53%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents515.87M620.54M457.26M497.83M743.82M
Short-Term Investments5.69M19.69M11.06M18.06M19.20M
Cash & Short-Term Investments386.81M521.56M640.23M468.32M515.89M763.02M
Accounts Receivable228.59M140.79M141.91M223.74M231.17M
Other Receivables11.81M7.58M15.19M2.46M8.70M
Receivables240.40M148.37M157.10M226.19M239.88M
Inventory414.39M325.20M339.67M395.20M372.50M
Other Current Assets95.87M93.47M94.73M82.87M97.41M
Total Current Assets1.27B1.21B1.06B1.22B1.47B
Property, Plant & Equipment2.33B1.99B2.43B2.23B2.02B
Long-Term Investments37.49M34.58M50.54M46.10M3.72M
Goodwill306.21M305.40M307.11M344.57M406.23M
Other Intangible Assets571.72M529.29M602.17M672.36M650.54M
Long-Term Deferred Tax Assets307.29M236.89M235.07M166.98M168.21M
Other Long-Term Assets449.82M330.03M216.30M215.00M186.71M
Total Assets5.27B4.64B4.90B4.89B4.90B
Accounts Payable500.02M443.29M451.60M413.86M411.82M
Accrued Expenses83.60M70.23M68.17M79.08M76.03M
Current Portion of Long-Term Debt55.41M50.88M143.20M50.84M46.71M
Current Portion of Leases45.52M32.75M21.68M3.66M16.25M
Current Income Taxes Payable83.37M54.77M49.52M40.61M65.06M
Current Unearned Revenue18.17M31.69M37.43M26.19M33.16M
Other Current Liabilities681.26M461.68M321.20M284.53M340.25M
Total Current Liabilities1.47B1.15B1.09B898.76M989.28M
Long-Term Debt1.65B1.71B1.58B1.62B1.65B
Long-Term Leases75.62M63.15M55.73M1.36M3.39M
Long-Term Unearned Revenue72.60M69.27M79.68M105.97M114.08M
Long-Term Deferred Tax Liabilities177.94M132.53M166.41M199.50M208.58M
Other Long-Term Liabilities541.28M455.17M475.08M357.51M292.62M
Total Liabilities3.99B3.58B3.45B3.18B3.26B
Common Stock132.44M132.44M132.44M132.44M132.44M
Additional Paid-In Capital2.24B2.26B2.26B2.28B2.29B
Retained Earnings-1.11B-1.24B-1.03B-741.08M-746.31M
Comprehensive Income & Other-266.30M-335.56M-161.84M-232.16M-289.03M
Total Common Equity1.20B1.00B813.93M1.20B1.44B1.39B
Minority Interest286.63M246.36M254.71M268.01M258.01M
Shareholders' Equity1.51B1.29B1.06B1.45B1.71B1.64B
Total Liabilities & Equity5.27B4.64B4.90B4.89B4.90B
Total Debt1.88B1.83B1.86B1.80B1.67B1.72B
Net Cash (Debt)-1.50B-1.31B-1.22B-1.33B-1.16B-955.93M
Net Cash Per Share-11.32-9.86-9.20-10.08-8.75-7.22
Filing Date Shares Outstanding134.04M132.44M132.44M132.40M132.44M132.44M
Total Common Shares Outstanding134.04M132.44M132.44M132.44M132.44M132.44M
Working Capital-195.12M61.98M-32.97M321.38M483.53M
Book Value Per Share9.097.576.159.0410.8910.47
Tangible Book Value339.49M125.01M-20.76M288.05M425.32M329.50M
Tangible Book Value Per Share2.560.94-0.162.173.212.49
Land1.94B1.67B1.71B
Machinery2.59B2.49B2.90B2.64B2.33B
Construction In Progress542.52M381.22M445.44M521.19M874.78M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income132.63M132.63M-205.03M-291.97M49.70M114.33M
Depreciation & Amortization287.85M287.85M380.39M310.48M292.14M258.71M
Loss (Gain) From Sale of Assets-6.09M-6.09M7.16M3.73M698.00K4.89M
Asset Writedown & Restructuring Costs-90.56M-90.56M-17.33M114.64M32.51M
Loss (Gain) on Equity Investments-21.14M-21.14M-21.22M-23.54M-1.89M
Other Operating Activities594.36M274.26M189.03M41.62M130.32M198.85M
Change in Accounts Receivable-67.39M-110.79M-85.21M58.07M-29.21M-54.68M
Change in Inventory-159.23M-83.93M-34.73M127.00M-75.07M-102.07M
Change in Accounts Payable30.33M-8.17M139.09M-451.00K-32.48M44.88M
Change in Other Net Operating Assets-179.39M-9.09M-766.00K-83.39M-97.75M28.08M
Operating Cash Flow521.36M364.96M351.38M256.20M268.96M492.99M
Capital Expenditures-398.87M-351.87M-259.01M-310.15M-382.47M-485.20M
Sale of Property, Plant & Equipment1.67M1.67M738.00K1.23M751.00K2.21M
Cash Acquisitions997.00K997.00K
Divestitures3.00M3.00M2.08M
Sale (Purchase) of Intangibles-1.99M-1.99M-5.75M-3.09M-4.59M
Investment in Securities27.32M27.32M-1.36M19.56M-489.00K13.72M
Other Investing Activities19.54M23.84M25.18M22.10M7.87M
Investing Cash Flow-348.34M-297.04M-238.12M-270.35M-378.93M-469.27M
Long-Term Debt Issued542.41M799.44M56.41M95.62M59.77M
Long-Term Debt Repaid-676.47M-713.53M-42.26M-44.06M-260.87M
Lease Payments-43.62M-43.62M-32.06M-15.17M-19.42M-9.83M
Net Debt Issued (Repaid)-162.56M-134.06M85.91M14.15M51.56M-201.10M
Common Dividends Paid-61.27M-34.27M-15.53M-23.71M-68.47M-52.34M
Other Financing Activities-3.58M-3.58M-7.93M-74.00K-128.53M-90.69M
Financing Cash Flow-240.81M-185.31M62.45M-34.64M-151.57M-344.13M
Foreign Exchange Rate Adjustments7.13M12.73M-12.43M8.22M15.55M-21.92M
Miscellaneous Cash Flow Adjustments400.00K
Net Cash Flow-60.27M-104.67M163.28M-40.57M-245.99M-342.35M
Free Cash Flow122.49M13.09M92.38M-53.95M-113.50M7.78M
Free Cash Flow Margin3.37%0.44%3.34%-2.10%-3.74%0.30%
Free Cash Flow Per Share0.930.100.70-0.41-0.860.06
Levered Free Cash Flow182.07M312.99M64.13M-15.37M90.57M
Unlevered Free Cash Flow315.42M439.04M180.96M79.66M171.62M
Free Cash Flow After Leases78.87M-30.53M60.32M-69.12M-132.93M-2.05M
Cash Interest Paid149.08M149.08M139.71M119.10M110.81M122.53M
Cash Income Tax Paid104.55M104.55M35.78M56.19M118.72M45.61M
Change in Working Capital-375.69M-211.99M18.39M101.23M-234.52M-83.80M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization1.47B1.17B1.17B945.61M798.60M1.04B
Enterprise Value2.96B2.94B2.84B2.46B2.19B2.21B
Last Close Price11.088.768.536.925.677.09
PE Ratio10.068.8416.079.11
Forward PE2.678.8113.6030.1212.6519.00
PS Ratio0.400.390.420.370.260.40
PB Ratio1.220.911.100.650.470.63
P/TBV Ratio4.329.383.281.883.16
P/FCF Ratio11.9889.5512.62133.78
P/OCF Ratio2.813.213.323.692.972.11
PEG Ratio9.189.189.189.189.18
EV/Sales Ratio0.820.981.030.960.720.84
EV/EBITDA Ratio2.904.454.678.493.163.05
EV/EBIT Ratio4.097.0510.755.464.75
EV/FCF Ratio24.20224.2730.76283.45
Debt / Equity Ratio1.251.421.751.240.981.04
Debt / EBITDA Ratio1.802.592.886.212.412.38
Debt / FCF Ratio15.37139.6020.12220.92
Net Debt / Equity Ratio0.991.011.150.920.680.58
Net Debt / EBITDA Ratio1.461.982.004.601.671.32
Net Debt / FCF Ratio12.2199.7513.19-24.74-10.21122.86
Asset Turnover0.610.580.530.620.53
Inventory Turnover6.226.746.206.276.32
Quick Ratio0.520.690.570.831.01
Current Ratio0.871.050.971.361.49
Return on Equity (ROE)18.99%-14.92%-18.46%4.59%9.56%
Return on Assets (ROA)5.25%3.46%-0.26%5.13%5.82%
Return on Invested Capital (ROIC)16.79%11.50%10.44%-0.72%4.96%9.10%
Return on Capital Employed (ROCE)10.90%7.60%-0.50%10.10%11.90%
Earnings Yield9.94%11.31%-17.59%-30.88%6.22%10.98%
FCF Yield8.35%1.12%7.93%-5.71%-14.21%0.75%
Dividend Yield1.19%4.20%
Payout Ratio25.84%137.77%45.78%
Total Shareholder Return1.37%4.20%