Nexa Resources S.A. (NEXA)
Nexa Resources S.A., together with its subsidiaries, engages in the zinc mining and smelting business worldwide. The company operates in two segments, Mining and Smelting. It produces metallic zinc, zamac, gold, sulfuric acid and zinc oxide, as well as by-products, such as sulfuric acid, silver concentrate, copper cement, copper sulfate, lead concentrate, lead-silver concentrate, and other metallurgical by-products. The Company owns and operates three polymetallic mines in Peru and two polymetallic mines in Brazil. The company owns and operates three polymetallic mines in Peru and two polymetallic mines in Brazil; zinc smelter in Peru and two zinc smelters in Brazil. The company was formerly known as VM Holding S.A. and changed its name to Nexa Resources S.A. in September 2017. The company was founded in 1956 and is based in Luxembourg, Luxembourg. Nexa Resources S.A. is a subsidiary of Votorantim S.A.
Sector: Metal Mining
Industry: Industrial Materials
Nexa Resources S.A.
NYSE:NEXABasic Materials · Industrial Materials
+1.39%$11.64
AH Close$11.74+0.86%vs close
AH Close$11.74+0.86%vs close
Mkt Cap$1.54B
Float44.42M
O/S132.44M
Inst Own11.8%
SI1.1%
Div Yield1.14%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$2.99B
Net Income$132.63M
Total Assets$5.27B
Free Cash Flow$51.97M
Debt & Equity
Debt 65%
Equity 35%
Total Debt$1.83B
Total Equity$1B
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:100Reverse splitDec 14, 2007100 shares → 1
Balance Sheet Details
Assets$5.27B
Liabilities$3.99B
Accounts Receivable$240.4M
Accounts Payable$915.41M
Inventory$414.39M
PP&E (Net)$2.54B
Goodwill$306.21M
Intangible Assets$571.72M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $2.99B | $2.77B | $2.57B | $3.03B | $2.62B | $1.95B | $2.33B | $2.49B | $2.45B | $1.91B | $1.87B | $2.12B |
| YoY Growth | 8.2% | 7.5% | -15.2% | 15.7% | 34.4% | -16.4% | -6.4% | 1.7% | 28.1% | 2.6% | -12.0% | - |
| Cost of Revenue | $2.46B | $2.23B | $2.27B | $2.39B | $1.99B | $1.58B | $1.95B | $1.89B | $1.68B | $1.39B | $1.46B | $1.59B |
| Gross Profit | $535.01M | $538.07M | $298.88M | $640.05M | $633.09M | $374.77M | $384.89M | $602.26M | $768.28M | $525.74M | $401.89M | $523.44M |
| Gross Margin | 17.9% | 19.4% | 11.6% | 21.1% | 24.1% | 19.2% | 16.5% | 24.2% | 31.4% | 27.5% | 21.5% | 24.7% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $141.6M | $119.95M | $122.57M | $140.88M | $129.54M | $139.39M | $216.51M | $159.6M | $237.48M | $217.95M | $190.86M | $242.88M |
| Other | -$16.49M | $141.73M | $328.86M | $138.27M | $57.36M | $633.86M | $279.4M | -$6.44M | -$103.52M | -$51.83M | -$33.18M | -$63.91M |
| Total Operating Expenses | $125.11M | $261.69M | $451.44M | $279.16M | $186.9M | $773.25M | $495.91M | $265.97M | $248.29M | $310.86M | $199.81M | $249.01M |
| Operating Income (EBIT) | $409.9M | $276.39M | -$152.56M | $360.9M | $446.19M | -$398.48M | -$111.03M | $334.55M | $401.58M | $129.97M | $163.93M | $172.28M |
| Operating Margin | 13.7% | 10.0% | -5.9% | 11.9% | 17.0% | -20.4% | -4.8% | 13.4% | 16.4% | 6.8% | 8.8% | 8.1% |
| Interest Expense | $274.82M | $210.55M | $185.33M | $168.69M | $142.28M | $145.28M | $117.4M | $84.94M | $64.62M | $36.34M | $33.07M | $45.91M |
| Interest Income | $11.82M | $11.85M | $6.13M | $16.91M | $6.07M | $8.15M | $26.41M | $26.03M | $3.63M | $10.09M | $7.09M | $3.41M |
| Other Income (Expense) | -$78.15M | -$348.24M | -$143.52M | -$132.93M | -$136.9M | -$278.18M | -$104.85M | -$202.65M | -$125.97M | $64.43M | -$354.21M | -$200.21M |
| Income Before Tax (EBT) | $331.75M | -$71.85M | -$296.08M | $227.97M | $309.29M | -$676.66M | -$215.88M | $131.9M | $271.46M | $208.89M | -$178.26M | $5.21M |
| Income Tax Expense | $108.61M | $115.56M | -$4.27M | $150.98M | $153.2M | -$24.15M | -$58.36M | $40.92M | $106.19M | $98.38M | -$38.78M | $27.49M |
| Net Income | $132.63M | -$205.03M | -$291.97M | $49.7M | $114.33M | -$559.25M | -$145.13M | $74.86M | $126.89M | $93.17M | -$129.46M | -$33.84M |
| Net Income Margin | 4.4% | -7.4% | -11.3% | 1.6% | 4.4% | -28.7% | -6.2% | 3.0% | 5.2% | 4.9% | -6.9% | -1.6% |
| Supplementary Data | ||||||||||||
| EPS | 1.00 | -1.55 | -2.18 | 0.58 | 1.18 | -4.93 | -1.20 | 0.56 | 1.42 | 0.83 | -1.15 | -0.30 |
| Diluted EPS | 1.00 | -1.55 | -2.18 | 0.58 | 1.18 | -4.93 | -1.20 | 0.56 | 1.42 | 0.83 | -1.15 | -0.30 |
| Weighted Average OS | 132.44M | 132.44M | 132.44M | 132.44M | 132.44M | 132.44M | 132.62M | 133.31M | 116.53M | 112.82M | 112.82M | 112.82M |
| EBITDA | $963.18M | $594.5M | $205.43M | $672.15M | $697.68M | -$304.84M | $190.19M | $513.45M | $638.54M | $534.47M | $173.94M | $510.57M |
| EBITDA Margin | 32.2% | 21.5% | 8.0% | 22.2% | 26.6% | -15.6% | 8.2% | 20.6% | 26.1% | 27.9% | 9.3% | 24.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $515.87M | $620.54M | $457.26M | $497.83M | $743.82M | $1.09B | $698.62M | $1.03B | $1.02B | $915.58M | $621.41M | $747.1M |
| Short-Term Investments | $5.69M | $19.69M | $11.06M | $18.06M | $19.2M | $35.04M | $58.42M | $91.88M | $206.16M | $116.96M | $57.86M | $22.65M |
| Cash and Short-Term Investments | $521.56M | $640.23M | $468.32M | $515.89M | $763.02M | $1.12B | $757.04M | $1.12B | $1.23B | $1.03B | $679.27M | $769.75M |
| Accounts Receivable | $240.4M | $148.37M | $157.1M | $226.19M | $239.88M | $241.99M | $215.08M | $173.2M | $182.71M | $223.06M | $170.14M | $111.45M |
| Inventory | $414.39M | $325.2M | $339.67M | $395.2M | $372.5M | $256.52M | $295.26M | $269.7M | $324.88M | $291.77M | $230.58M | $285.93M |
| Other Current Assets | $95.87M | $93.47M | $94.73M | $82.87M | $97.41M | $107.47M | $107.97M | $130.24M | $106.12M | $44.71M | $89.3M | $192.89M |
| Total Current Assets | $1.27B | $1.21B | $1.06B | $1.22B | $1.47B | $1.73B | $1.38B | $1.7B | $1.84B | $1.59B | $1.17B | $1.34B |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $2.54B | $2.18B | $2.45B | $2.95B | $2.71B | $2.57B | $2.15B | $3.02B | $3.13B | $3.18B | $1.88B | $1.98B |
| Goodwill | $306.21M | $305.4M | $307.11M | $344.57M | $406.23M | $406.43M | $674.64M | $674.8M | $673.29M | $675.56M | $674.77M | $676.65M |
| Intangible Assets | $571.72M | $529.29M | $22.62M | $24.94M | $38.27M | $21.1M | $863.88M | $18.62M | $20.43M | $23.88M | $1.29B | $1.54B |
| Long-Term Investments | $55.62M | $34.58M | $50.64M | $46.1M | $3.72M | $28.76M | $21.7M | $638K | $701K | $2.86M | $1.89M | $34.98M |
| Deferred Tax Assets | $307.29M | $236.89M | $235.07M | $166.98M | $168.21M | $221.58M | $239.74M | $201.15M | $224.51M | $221.3M | $200M | $0 |
| Other Long-Term Assets | $218.02M | $141.27M | $715.4M | $139.45M | $102.91M | $93.13M | $138.81M | $124.73M | $78.17M | $462.7M | $433.6M | $663.48M |
| Total Long-Term Assets | $4B | $3.43B | $3.78B | $3.67B | $3.43B | $3.34B | $4.09B | $4.04B | $4.12B | $4.57B | $4.49B | $4.89B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.27B | $4.64B | $4.84B | $4.89B | $4.9B | $5.06B | $5.47B | $5.74B | $5.96B | $6.16B | $5.66B | $6.23B |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $915.41M | $443.29M | $451.6M | $413.86M | $411.82M | $370.12M | $496.85M | $387.23M | $329.81M | $282.24M | $259.75M | $0 |
| Short-Term Debt | $100.93M | $50.88M | $143.2M | $50.84M | $46.71M | $146M | $49.62M | $91.52M | $40.84M | $62.6M | $41.4M | $95.99M |
| Current Income Tax Payable | $0 | $92.35M | $49.52M | $40.61M | $65.06M | $43.63M | $0 | $0 | $41.11M | $29.85M | $10.98M | $0 |
| Current Unearned Revenue | $18.17M | $31.69M | $37.43M | $26.19M | $33.16M | $27.13M | $26.35M | $31.99M | $32.1M | $40.87M | $442K | $0 |
| Other Current Liabilities | $238.95M | $152.23M | $86.81M | $68.14M | $107.39M | $67.72M | $67.25M | $82.95M | $81.97M | $56.23M | $50.95M | $234.24M |
| Total Current Liabilities | $1.47B | $1.15B | $1.07B | $898.76M | $989.28M | $876.56M | $698.99M | $651.85M | $768.22M | $875.87M | $550.63M | $577.33M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $1.65B | $1.71B | $1.58B | $1.62B | $1.65B | $1.88B | $1.48B | $1.39B | $1.41B | $1.08B | $1.01B | $1.23B |
| Long-Term Unearned Revenue | $72.6M | $69.27M | $79.68M | $105.97M | $114.08M | $138.89M | $154.17M | $167.65M | $190.59M | $212.02M | $211.2M | $0 |
| Long-Term Deferred Tax Liabilities | $177.94M | $132.53M | $183.7M | $199.5M | $208.58M | $218.39M | $287.95M | $298.6M | $324.93M | $328.61M | $319.36M | $0 |
| Other Long-Term Liabilities | $541.28M | $455.17M | $457.79M | $357.51M | $292.62M | $321.14M | $349.75M | $323.16M | $339.77M | $313.69M | $13.31M | $612.96M |
| Total Long-Term Liabilities | $2.52B | $2.43B | $2.31B | $2.28B | $2.27B | $2.57B | $2.29B | $2.18B | $2.28B | $1.96B | $1.58B | $1.84B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.99B | $3.58B | $3.38B | $3.18B | $3.26B | $3.44B | $2.98B | $2.83B | $3.05B | $2.84B | $2.13B | $2.42B |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $288K | $0 | $0 | $0 | $0 |
| Common Stock | $132.44M | $132.44M | $132.44M | $132.44M | $132.44M | $132.44M | $133.32M | $133.32M | $133.32M | $1.04B | $1.28B | $1.28B |
| Retained Earnings | -$1.11B | -$1.24B | -$1.03B | -$741.08M | -$746.31M | -$814.67M | -$196.85M | $61.43M | -$11.61M | -$138.04M | -$230.17M | -$31.19M |
| Comprehensive Income & Other | -$266.3M | -$335.56M | -$158.13M | -$232.16M | -$289.03M | -$229.49M | -$106.61M | -$79.29M | $1.24B | $1.61B | $1.54B | $931.32M |
| Other Stockholders' Equity | $1.98B | $1.92B | $2.1B | $2.05B | $2B | $2.06B | $2.17B | $2.28B | $2.37B | $1.94B | $1.54B | $931.32M |
| Total Equity | $1B | $813.93M | $1.2B | $1.44B | $1.39B | $1.38B | $2.11B | $2.48B | $2.49B | $2.85B | $2.59B | $2.18B |
| Minority Interest | $286.63M | $246.36M | $254.71M | $268.01M | $258.01M | $243.8M | $372.61M | $425.21M | $422.07M | $476.34M | $943.1M | $1.63B |
| Total Liabilities and Equity | $4.99B | $4.39B | $4.59B | $4.62B | $4.65B | $4.82B | $5.09B | $5.31B | $5.54B | $5.68B | $4.71B | $4.6B |
| Supplementary Data | ||||||||||||
| Total Debt | $1.83B | $1.86B | $1.73B | $1.67B | $1.72B | $2.05B | $1.54B | $1.42B | $1.47B | $1.17B | $1.08B | $1.33B |
| Net Debt | $1.31B | $1.24B | $1.28B | $1.18B | $975.14M | $963.84M | $844.32M | $391.93M | $452.57M | $254.73M | $455.39M | $578.4M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | $132.63M | -$205.03M | -$296.08M | $227.38M | $309.29M | -$559.25M | -$215.88M | $131.9M | $271.46M | $208.89M | -$178.57M | $456K |
| Depreciation & Amortization | $356.61M | $330.2M | $310.48M | $292.14M | $258.71M | $243.93M | $317.89M | $267.19M | $270.45M | $275.03M | $295.26M | $319.03M |
| Deferred Income Tax | $0 | $0 | $102.94M | $0 | $0 | $0 | $0 | -$63.62M | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | -$110.79M | -$85.21M | $58.07M | $2.22M | -$54.68M | -$68.99M | -$8.63M | $8.54M | -$63.17M | -$54.19M | $56.29M | $12M |
| Inventory | -$83.93M | -$34.73M | $127M | -$75.07M | -$102.07M | $8.88M | -$35.42M | $52.47M | -$15.68M | -$62.59M | $65.89M | -$22.31M |
| Accounts Payable | $118.67M | $139.09M | -$451K | -$32.48M | $44.88M | $84.11M | $18.82M | $57.41M | $47.57M | $23.12M | $21.79M | -$110.45M |
| Other Working Capital | -$111.3M | -$765K | -$83.39M | -$97.75M | $28.08M | $68.45M | -$42.54M | -$78.07M | -$53.88M | $274.72M | -$81.67M | -$3.35M |
| Total Working Capital Change | -$187.35M | $18.39M | $101.23M | -$203.08M | -$83.8M | $92.46M | -$67.78M | $40.35M | -$85.15M | $181.07M | $62.3M | -$124.11M |
| Other Non-Cash Items | $101.95M | $206.16M | $37.64M | -$49.81M | $8.78M | $514.56M | $88.59M | -$28.23M | -$77.82M | -$79.93M | $235.61M | $196.89M |
| Net Cash from Operating | $403.84M | $349.72M | $256.2M | $266.63M | $492.99M | $291.7M | $122.82M | $347.6M | $378.94M | $585.06M | $414.6M | $392.26M |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$353.86M | -$259.01M | -$310.15M | -$387.06M | -$485.2M | -$323.69M | -$396.67M | -$299.77M | -$197.64M | -$182.99M | -$187.07M | -$154.01M |
| Acquisitions | $5.66M | $2.59M | $0 | -$4.14M | $0 | -$11.38M | -$64.48M | $0 | -$81.61M | -$201.91M | $43.41M | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$7M | -$6.36M | -$47.52M | $64.48M | $0 | -$65.66M | -$47.75M | -$25.46M | $0 |
| Sales of Investments | $27.32M | $0 | $19.56M | $10.65M | $20.08M | $0 | $54.71M | $140.4M | $80.69M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $18.81M | $20.24M | $8.62M | $2.21M | $0 | $6.57M | $1.27M | -$64.15M | -$18.43M | $55.87M | -$278.08M |
| Net Cash from Investing | -$320.88M | -$237.61M | -$270.35M | -$378.93M | -$469.27M | -$382.59M | -$335.39M | -$158.1M | -$328.37M | -$201.42M | -$156.66M | -$432.1M |
| Financing Activities | ||||||||||||
| Debt Repaid | $95.37M | -$85.91M | -$14.15M | $74.58M | $291.61M | -$529.06M | -$73.51M | $464K | -$293.34M | -$67.87M | $257.26M | -$202.31M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $306.43M | $170.07M | $84K | $40K |
| Common Stock Repurchases | $0 | $0 | -$25M | -$6.13M | $0 | $0 | -$8.1M | -$1.35M | $0 | $0 | -$117.6M | $0 |
| Dividends Paid | -$34.27M | -$15.53M | -$23.71M | -$68.47M | -$52.34M | -$55.96M | -$113.39M | -$3.48M | $0 | -$59.66M | -$13.35M | -$26.79M |
| Other Financing Activities | -$55.66M | -$8.44M | -$74K | -$63K | -$178K | -$8.09M | -$71.31M | -$172.12M | -$546.93M | -$200.58M | $2.24M | $24.78M |
| Net Cash from Financing | -$200.35M | $61.94M | -$34.64M | -$149.23M | -$344.13M | $465.01M | -$119.29M | -$177.41M | $52.85M | -$92.24M | -$385.88M | $200.33M |
| Forex Effect | $12.73M | -$10.77M | $8.22M | $15.55M | -$21.92M | $13.43M | -$2.46M | $1.82M | $48K | $2.76M | -$1.32M | $16K |
| Net Change in Cash | -$104.67M | $163.28M | -$40.57M | -$245.99M | -$342.35M | $387.55M | -$334.32M | $13.9M | $103.46M | $294.16M | -$129.26M | $160.51M |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | $403.84M | $349.72M | $256.2M | $266.63M | $492.99M | $291.7M | $122.82M | $347.6M | $378.94M | $585.06M | $414.6M | $392.26M |
| Capital Expenditure | -$351.87M | -$259.01M | -$313.24M | -$387.06M | -$485.2M | -$323.69M | -$396.67M | -$299.77M | -$197.64M | -$182.99M | -$187.07M | -$154.01M |
| Free Cash Flow | $51.97M | $90.71M | -$57.04M | -$120.43M | $7.78M | -$31.99M | -$273.85M | $47.83M | $181.3M | $402.07M | $227.53M | $238.25M |
| Cash at Beginning | $620.54M | $457.26M | $497.83M | $743.82M | $1.09B | $698.62M | $1.03B | $1.02B | $915.58M | $621.41M | $750.68M | $590.17M |
| Cash at End | $515.87M | $620.54M | $457.26M | $497.83M | $743.82M | $1.09B | $698.62M | $1.03B | $1.02B | $915.58M | $621.41M | $750.68M |