Nexa Resources S.A. (NEXA) Form 6-K — Aug 5, 2026
Nexa Resources reported second quarter 2026 net income of US$98 million, up 636% from US$13 million a year ago, with Adjusted EBITDA of US$286 million rising 78% year-over-year and margin expanding 8.8 percentage points to 31.5% on higher zinc prices and a much stronger by-products contribution. The balance sheet strengthened markedly as net leverage fell to 1.40x from 2.28x a year ago, with gross debt of US$1,750 million, US$387 million of liquidity, and US$707 million of total available liquidity including an undrawn US$320 million revolving credit facility. Shareholders also approved a US$17.5 million share premium reimbursement, or US$0.132136 per share, payable August 11, 2026.
Key figures
- Eps
- US$0.52 (2Q26); US$1.19 (1H26)
- Revenue
- US$908 million (2Q26); US$1,796 million (1H26)
- Guidance
- 2026 guidance for mining production, smelting sales, costs and CapEx (US$381 million) unchanged; 1H26 smelting conversion cost and cash cost were above their respective ranges
- Net Income
- US$98 million (2Q26); US$216 million (1H26)
- Total Debt
- US$1,750 million gross debt; US$1,476 million net debt
- Revenue Yoy
- +28% YoY (2Q26); +34% (1H26)
- Cash Position
- US$380 million cash and equivalents; US$387 million total liquidity
- Capex
- US$89 million (2Q26); US$160 million in 1H26 (~42% of US$381 million guidance)
- Adjusted EPS
- US$0.64 (2Q26) vs US$0.11 (2Q25)
- Net Leverage
- 1.40x, down from 2.28x a year ago
- Free Cash Flow
- US$(10) million (2Q26); US$(136) million (1H26)
- Tax Settlement
- US$225.5 million assessed by SUNAT (FY2014-2017); US$130.6 million paid in 2Q26
- Adjusted EBITDA
- US$286 million (2Q26), +78% YoY
- Zinc Production
- 79kt (+8% YoY); 159kt in 1H26 (+13%)
- Avg Debt Maturity
- 7.0 years
- Avg Interest Rate
- 6.22% per year
- Cerro Pasco Capex
- Increased from US$138 million to US$180 million
- Copper Production
- 6.3kt (-31% YoY)
- Silver Production
- 2.7MMoz (+1% YoY)
- Ltm Adjusted EBITDA
- US$1,055 million
- Streaming Stepdown
- Cerro Lindo streamed silver share reduced from 65% to 25% effective May 2026
- Available Liquidity
- US$707 million including US$320 million undrawn sustainability-linked RCF
- Adjusted EBITDAMargin
- 31.5%, +8.8 p.p. YoY
- Share Premium Reimbursement
- US$17.5 million (US$0.132136 per share), payable August 11, 2026
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