Nexa Reports 1Q26 Net Income of US$118 Million; Aripuana Sets New Quarterly Zinc Production Record
NEXA
Published on 05/06/2026 at 04:24 pm EDT
Luxembourg, Luxembourg--(Newsfile Corp. - May 6, 2026) - Nexa Resources S.A. (NYSE: NEXA), one of the world's largest zinc producers, today reported net income for the first quarter of 2026 of US$118 million, compared to US$29 million in 1Q25 and US$81 million in 4Q25. Adjusted EBITDA reached US$283 million, up 126% year-over-year, while net revenues totaled US$888 million, up 42% year-over-year.
The year-over-year improvement was primarily driven by sharply higher metal prices, particularly silver, with the LBMA reference price averaging 164% above 1Q25, together with higher smelting sales volumes and continued operational improvements at the Brazilian smelters.
Sequentially, performance was mixed: stronger smelting volumes, higher zinc and silver prices, and a record quarter at Aripuanã offset lower mining output at the Cerro Pasco Complex and Cerro Lindo, where heavy rainfall, a community blockade at Atacocha, and an unplanned hoisting outage at El Porvenir constrained production. Those disruptions have since been resolved and the affected operations have returned to normal run rates.
"Higher silver prices and stronger smelting throughput drove most of the year-over-year EBITDA improvement, amplified by the operational leverage of our integrated mine-smelter model. Aripuanã set another quarterly zinc production record, and our Brazilian smelters continued to recover (Juiz de Fora produced 56% more zinc than in 1Q25 and Três Marias produced 17% more). With the Cerro Lindo silver streaming step-down now in effect, commissioning of the Aripuanã fourth tailings filter underway, and the first-quarter constraints at our Peruvian operations resolved, Nexa is positioned to deliver on its full-year objectives," said Ignacio Rosado, CEO.
Operational Highlights
Cerro Lindo Silver Streaming Step-Down
Capital Allocation and Balance Sheet
Cerro Pasco Integration Project and Reserves
ESG and Corporate Highlights
In 1Q26, Nexa reinforced its commitment to sustainable and responsible mining through key advances in safety, decarbonization, community engagement, diversity, equity and inclusion (DE&I), and corporate governance. The company launched programs to promote workplace well-being and local development, advanced initiatives to reduce emissions and expand circular economy practices, and strengthened transparency and ethical standards across its operations, further reinforcing long-term value creation.
Sustainability & Community Engagement
Decarbonization & Innovation
Industry Leadership & Governance
Financial & Corporate Milestones
About NexaNexa 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 1Q26 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/296316