Nexa Reports 2Q26 Net Income of US$98 Million and Adjusted EBITDA of US$286 Million Ready to Announce with Confidence?
Luxembourg, Luxembourg--(Newsfile Corp. - August 5, 2026) - Nexa Resources S.A. (NYSE: NEXA), one of the world's largest zinc producers, today reported net income for the second quarter of 2026 of US$98 million, compared to US$13 million in 2Q25 and US$118 million in 1Q26. Adjusted EBITDA reached US$286 million, up 78% year-over-year, while net revenues totaled US$908 million, up 28% year-over-year.
The year-over-year improvement was primarily driven by higher zinc prices, a stronger contribution from by-products, a higher share of zinc concentrate sourced from Nexa's own mines and lower operating costs. The recovery of Peruvian operations also supported improved mining performance during the quarter, with treated ore volumes increasing 11% sequentially.
The quarter also marked two important operational milestones for Nexa. At Aripuanã, the company commissioned its fourth tailings filter and ended June at 86% average capacity utilization. At Cerro Lindo, Nexa started up block caving operations at the end of the second quarter, reaching regular operation in July - the first application of this mining method at the company. As the caving footprint expands, Nexa expects to lower unit costs, improve access to higher-grade copper areas and further enhance safety through reduced risk exposure.
At Cajamarquilla, operations returned to normal levels in June following the May fire incident, while zinc cathode production continued throughout the restoration process. The company expects to recover the affected volumes in the second half of the year, and its 2026 guidance for mining production, smelting sales, costs, CAPEX, and exploration, project evaluation, and other expenses remains unchanged.
During the quarter, Nexa reached the delivery threshold under the Cerro Lindo silver streaming agreement, reducing the streamed share of production from 65% to 25%, effective in May. The stepdown represents a recurring improvement in cash generation from an asset already owned by the company, with no incremental capital required, and is expected to contribute to stronger future results.
Commenting on the results, Ignacio Rosado, CEO of Nexa, said: "The zinc concentrate market remains tight, with spot TCs in China deep in negative territory. The same conditions that pressure merchant smelters support our mining segment, and our own feed and by-product credits cushion the rest. Our mines supplied 54% of smelter feed in the quarter. This is the value of an integrated portfolio through the cycle."
In July, Votorantim and Boliden publicly confirmed discussions regarding a potential acquisition of Votorantim's controlling stake in Nexa. As of the date of this release, whether any agreements, including any agreements involving the company, will be entered into in connection with a potential transaction, and the timing and terms of any such agreements remain uncertain.
"Our responsibility is unchanged: to operate our assets in Brazil and Peru to the highest standards, prioritizing safety, operational excellence, sustainability, innovation, and responsible production while ensuring long-term value is preserved for our shareholders. That is what our results for this quarter reflect, and it is what we will continue to strive for in the second half of the year," stated Mr. Rosado.
Operational Highlights
Capital Allocation and Balance Sheet
Cerro Pasco Integration Project
ESG and Corporate Highlights
In 2Q26, Nexa advanced key initiatives across safety, innovation, sustainability, community engagement and corporate governance. The company strengthened operational risk controls and accelerated the adoption of automation and artificial intelligence across its operations, while progressing circular economy projects aimed at creating value from industrial residues. Nexa also expanded its engagement with local communities, reinforced governance and risk management practices, and maintained its commitment to transparency, responsible production and long-term value creation.
Safety & Operational Excellence
Innovation & Circular Economy
Communities, Inclusion & Social Development
Governance & Industry Leadership
Financial & Corporate Highlights
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 to 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 2Q26 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/308260
Source: Nexa Resources
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