Key Points – Nexa Resources posted a much stronger Q1 2026, with adjusted EBITDA more than doubling to $283 million and net income rising to $118 million, helped by higher metals prices, better sales volumes and improved operations at Aripuanã.
Net leverage also improved to 1.59x from 2.09x a year earlier. – Mining was the standout segment, as zinc production rose 18% year over year to 79,000 tons and the segment delivered a 50% EBITDA margin
Aripuanã set a quarterly zinc production record, while temporary disruptions in Peru had already been resolved. – Cash generation should improve further after Nexa’s Cerro Lindo silver stream stepped down from 65% to 25%, which management said could add about $100 million a year at current prices. The company is also keeping its 2026 capex guidance intact and expects to continue reducing debt. Nexa Resources (NYSE:NEXA) reported a sharply stronger first quarter of 2026, with management pointing to higher metals prices, improved sales volumes and better operating performance, particularly at its Aripuanã mine.
Chief Executive Ignacio Rosado said adjusted EBITDA more than doubled year over year to $283 million, with a margin of nearly 32%. Net income totaled $118 million, or $0.67 per share. Net leverage ended the quarter at 1.59 times, down from 2.09 times a year earlier, supported by stronger last-12-month adjusted EBITDA.