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Nexa Resources SA (NEXA)
NYSE:NEXA
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.66Last Year’s EPS
0.12Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial momentum driven by strong Q4 results, solid full-year performance, mining segment strength, successful exploration, and clear near-term catalysts (Aripuanã ramp-up and silver stream step-down). These positives are tempered by a weak smelting segment, a full-year negative free cash flow driven by deliberate debt repayments and dividends, working capital drag, and some regulatory/political uncertainties. On balance, the operational wins, margin resilience in mining, improved leverage and liquidity, and upcoming catalysts outweigh the headwinds.Company Guidance
Strong Q4 Financial Performance
Net revenues of $903 million in Q4, up 18% sequentially and 22% year-over-year; adjusted EBITDA of $300 million in Q4 (33% EBITDA margin); net income of $81 million ($0.38 per share); generated $51 million in free cash flow in the quarter.
Resilient Full-Year Results
Full year 2025 net revenues of $3.0 billion (up 9% vs 2024) and adjusted EBITDA of $772 million (up 8% vs 2024) with a 26% consolidated EBITDA margin; net income $223 million ($1.00 per share).
Mining Operational Strength
Quarterly zinc production of 91,000 tons, a 9% increase versus Q3; full-year zinc production of 316,000 tons met consolidated guidance. Mining segment Q4 net revenues of $532 million and adjusted EBITDA of $266 million (50% EBITDA margin); full-year mining adjusted EBITDA ~$658 million (42% margin).
Aripuanã Milestones and Near-Term Catalyst
Aripuanã achieved its highest quarterly production to date; fourth tailings filter arrived and installation progressing on schedule with commissioning on track for H1 2026 and full operating capacity expected in H2 2026 — supporting higher future production and cash generation.
Exploration Success and Resource Upside
2025 exploration delivered deep, high-grade intersections across key assets (Cerro Lindo, Aripuanã Massaranduba, Vazante, Pasco), reinforcing resource base and potential life-of-mine extensions.
Balance Sheet and Liquidity Improvement
Net leverage improved to 1.7x (from 2.2x prior quarter); net debt reduced by $96 million during the year; total liquidity of $842 million including $320 million undrawn sustainability-linked RCF; average debt maturity extended to 7.6 years and average cost of debt 6.49%.
Silver Exposure Enhances Future Earnings Leverage
Company produces ~11 million ounces of silver annually and the existing Cerro Lindo streaming agreement steps down from 65% to 25% beginning in Q2 2026, materially increasing Nexa's realized exposure to silver prices and anticipated EBITDA leverage thereafter.
Capital Discipline and Project Execution
Full-year CapEx of $352 million (slightly above $347 million guidance, mainly FX-driven); Cerro Pasco Phase 1 execution on track with $42 million invested in 2025 (vs plan $44 million); exploration & project evaluation spend $78 million (below $88 million plan).
NEXA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NEXA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $12.02 | $13.65 | +13.56% |
Oct 30, 2025 | $5.45 | $5.81 | +6.61% |
Jul 31, 2025 | $4.84 | $4.67 | -3.51% |
Apr 29, 2025 | $5.69 | $5.72 | +0.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nexa Resources SA (NEXA) report earnings?
Nexa Resources SA (NEXA) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Nexa Resources SA (NEXA) earnings time?
Nexa Resources SA (NEXA) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEXA EPS forecast?
NEXA EPS forecast for the fiscal quarter 2026 (Q1) is 0.66.