Nexa Resources Reports Adjusted EBITDA of US$772 Million, and US$223 Million Net Income in 2025 Ready to Announce with Confidence?
Luxembourg, Luxembourg--(Newsfile Corp. - February 26, 2026) - Nexa Resources, (NYSE: NEXA) one of the world's leading zinc producers, recorded net income of US$223 million in 2025, compared to a net loss of US$187 million in 2024, reflecting a strong increase in operating income, supported by higher gross profit and favorable foreign exchange effects. In 4Q25, net income was US$81 million, compared to US$100 million in 3Q25. Earnings per share attributable to Nexa's shareholders was US$1.00 for the full year and US$0.38 for the fourth quarter.
Net revenues reached US$3.0 billion in 2025, up 9% compared to 2024, primarily driven by higher silver, gold, zinc and copper prices. In 4Q25, net revenues totaled US$903 million, up 18% quarter-over-quarter, mainly reflecting higher lead and copper LME prices and higher silver prices.
Adjusted EBITDA amounted to US$772 million in 2025, up 8% compared to 2024, primarily attributed to higher zinc prices, stronger by-products contribution and favorable foreign exchange variations. In 4Q25, Adjusted EBITDA totaled US$300 million, up from US$186 million in 3Q25 and US$197 million in 4Q24, driven by higher by-products contribution and increased zinc prices.
"During the fourth quarter of 2025, Nexa delivered a robust operational and financial performance, supported by consistent execution across our operations and an unwavering commitment to safety, efficiency, and cost discipline. This was our strongest quarter of the year, with record net revenues and adjusted EBITDA, reflecting solid operational performance, combined with higher realized prices for zinc and our key by-products. This favorable pricing environment, together with disciplined cost management, enabled a reduction in gross debt, reinforcing our financial resilience and flexibility," said Ignacio Rosado, CEO of Nexa.
Capital Allocation and Financial Discipline
Operational and Project Highlights
In 2025, Nexa delivered solid operational performance, fully achieving its consolidated mining production guidance. Metal sales also remained within guidance, closing the year toward the lower end of the expected range. During the fourth quarter, the company continued to advance key business catalysts, including solid progress on the execution of the Cerro Pasco Integration Project, ongoing performance improvements at Aripuanã, and positive mineral exploration results, indicating potential extension of the life of mine.
"Aripuanã delivered a strong performance during the quarter, achieving its highest production to date, with significant improvements in plant performance and reduced downtime. The installation of the fourth tailings filter is progressing as planned, and its completion in 1H26 will mark another important milestone toward achieving full production capacity," said Mr. Rosado.
Mining
Smelting
Projects & Portfolio Management
ESG and Corporate Highlights
In 4Q25, Nexa advanced its sustainability, governance and corporate initiatives across climate action, community development, operational excellence and stakeholder engagement. Safety remains a core value and Nexa's highest priority. However, during the quarter, the company deeply regretted the two fatalities that occurred at our El Porvenir mine. We are conducting thorough investigations while reinforcing preventive measures across all operations. Nexa continues to strengthen environmental performance, social impact initiatives and governance standards in alignment with its long-term value creation strategy.
Sustainability & Community Engagement
Decarbonization & Innovation
Industry Leadership & Governance
Financial & Corporate Milestones
"Our strategic focus remains on advancing our key business catalysts. We are confident in our ability to sustain strong operational performance and further strengthen our financial position. Through disciplined execution and a balanced capital allocation strategy that includes returning capital to shareholders, Nexa is well positioned to seize opportunities that drive growth and deliver shareholder value," concluded Mr. Rosado.
About Nexa
Nexa Resources is one of the world's leading zinc mining companies, with over 65 years of experience across mining and smelting operations. Nexa operates in Brazil and Peru, and maintains offices in Luxembourg and the United States, supplying products to customers on every continent. Driven by strong commitment sustainability, innovation and operational excellence, Nexa's employees work every day to build the mining that changes with the world. This commitment is grounded in the highest standards of safety, respect for people, and environmental stewardship. Since 2017, Nexa Resources has been listed on the New York Stock Exchange, with Votorantim S.A. as its controlling shareholder. For more information about Nexa, as well as its ESG strategy and commitments, please visit our website.
For a full version of the 4Q25 and FY2025 Earnings Release document, please visit our Investor Relations website at: http://ir.nexaresources.com.
For further information, please contact our teams:
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285529
Source: Nexa Resources
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