Nexa Resources SA (NYSE:NEXA)

Q3 2025 Nexa Resources SA Earnings Call Transcript

Oct 31, 2025 / 01:00 PM GMT

Release Date Price: $5.81 (+6.61%)

Transcript

Key Points

Positve

Nexa Resources SA (NEXA) reported robust operational and financial results for Q3 2025, with net revenues of $764 million and an adjusted EBITDA of $186 million.
The company achieved a record quarterly zinc production of 84,000 tons, marking a 14% increase from the previous quarter.
Aripoa delivered its best performance since ramp-up, reflecting stable operations and higher throughput.
The Cerro Pasco integration project is progressing well, with significant advancements in phase one and ongoing studies for phase two.
Nexa Resources SA (NEXA) maintains a strong liquidity position with $790 million, including an undrawn $320 million sustainability-linked revolving credit facility.

Negative

The company faces challenges with workforce turnover at Aripoa, which remains high at 18-20%, impacting operational stability.
Despite improvements, the smelting segment's financial performance reflects a challenging margin environment with an adjusted EBITDA of $23 million.
Nexa Resources SA (NEXA) experienced a weak first half of the year due to geotechnical issues at Bazante and poor market conditions for smelters.
The company's net leverage remains relatively high at 2.2 times, although it has slightly decreased from the previous quarter.
There is uncertainty regarding future zinc prices, which could impact the company's financial performance and capital allocation flexibility.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NEXA.N - Nexa Resources SA
Q3 2025 Nexa Resources SA Earnings Call
Oct 31, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen, and welcome to Next of Resources Third quarter 2025 earnings conference call.

Please note that today's event has been recorded and broadcast live via Zoom with access also through Nexa's Investor Relations website. A light presentation accompanying the webcast is available for download as well as a replay of the conference call following its conclusion.

As a reminder, our participants are in listen-only mode. Following today's presentation, we will open the floor for questions. To ask a question, if you are joining via zoom, please click the raise hand button. If your question is answered, you can lower your hand by clicking Put hand down button.

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