Nexa Resources Reports Resilient Q1 2025 Financial Results

Nexa Resources ( (NEXA) ) has released its Q1 earnings. Here is a breakdown of the information Nexa Resources presented to its investors.

Nexa Resources S.A., a key player in the mining and metals sector, specializes in the production of zinc and other metals, with operations primarily in Latin America. In its first quarter of 2025, Nexa Resources reported a net income of $29 million and an adjusted EBITDA of $125 million, showcasing resilience despite facing operational challenges due to adverse weather conditions and production instabilities at its Brazilian smelters. The company successfully managed its liabilities through a $500 million bond issuance, extending its debt profile and optimizing its capital structure.

Key financial highlights for the quarter include net revenues of $627 million, an 8% increase from the previous year, driven by higher metal prices, although offset by lower smelting sales volumes. The net income improvement was bolstered by foreign exchange gains and a slight increase in operating income. However, the adjusted EBITDA saw a slight decline compared to the previous year due to higher costs and lower sales volumes.

Operationally, zinc production was down 23% year-over-year, primarily due to lower output across most units except Atacocha. The company is advancing strategic projects like the Cerro Pasco Integration Project and the installation of a fourth filter at Aripuanã to enhance operational efficiency and production capacity.

Looking ahead, Nexa Resources remains committed to its strategic priorities, focusing on operational stability and stakeholder engagement. The company maintains a positive outlook for the zinc market in 2025, supported by its designation as a critical mineral and favorable market fundamentals, despite potential volatility. Nexa continues to monitor global geopolitical and economic developments that could impact its operations and financial performance.