Nexa Resources SA (NEXA) financial statements
Nexa Resources SA reported revenue of $3.0B in fiscal 2025, up 4.8% a year over 9 years.
Net income was $133M and the operating margin 16.6%, against 6.6% in 2016.
Free cash flow was $13M, and the company returned $34M in dividends.
The diluted share count rose 64% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Nexa Resources SA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B | $2.4B | $2.5B | $2.3B | $2.0B | $2.6B | $3.0B | $2.6B | $2.8B | $3.0B |
| Cost of revenue | $1.5B | $1.8B | $1.9B | -$1.9B | $1.6B | -$2.0B | -$2.4B | $2.3B | $2.2B | $2.3B |
| Gross profit | $461M | $697M | $599M | $385M | $375M | $633M | $640M | $299M | $538M | $713M |
| Selling, general and admin | $144M | $154M | $160M | $217M | $139M | $134M | $145M | $127M | $127M | $145M |
| Operating income | $130M | $402M | $335M | -$111M | -$398M | $446M | $361M | -$153M | $276M | $498M |
| Interest expense | $70M | $106M | $119M | $117M | $160M | $142M | $170M | $213M | $246M | $306M |
| Pre-tax income | $209M | $271M | $132M | -$216M | -$677M | $309M | $228M | -$296M | -$72M | $332M |
| Income tax | $98M | $106M | $39M | $58M | $24M | -$153M | -$151M | $4M | -$116M | -$109M |
| Net income | $93M | $127M | $77M | -$145M | -$559M | $114M | $50M | -$292M | -$205M | $133M |
| EPS (diluted) | $1.15 | $1.09 | — | — | — | $0.86 | $0.38 | -$2.20 | -$1.55 | $1.00 |
| Diluted shares | 81M | 117M | 133M | 0M | 0M | 132M | 132M | 132M | 132M | 132M |
| Gross margin | 23.4% | 28.4% | 24.1% | 16.5% | 19.2% | 24.1% | 21.1% | 11.6% | 19.4% | 23.7% |
| Operating margin | 6.6% | 16.4% | 13.4% | -4.8% | -20.4% | 17.0% | 11.9% | -5.9% | 10.0% | 16.6% |
| Net margin | 4.7% | 5.2% | 3.1% | -6.2% | -28.7% | 4.4% | 1.6% | -11.3% | -7.4% | 4.4% |
Balance sheet
Fiscal years, from Nexa Resources SA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.0B | $1.2B | $1.1B | $757M | $1.1B | $763M | $516M | $468M | $640M | $522M |
| Receivables | $120M | $183M | $173M | $177M | $229M | $231M | $224M | $142M | $141M | $229M |
| Inventory | $292M | $325M | $270M | $295M | $257M | $373M | $395M | $340M | $325M | $414M |
| Total current assets | $1.6B | $1.8B | $1.7B | $1.4B | $1.7B | $1.5B | $1.2B | $1.1B | $1.2B | $1.3B |
| Property, plant and equipment | $2.0B | $2.0B | $2.0B | $2.1B | $1.9B | $2.1B | $2.3B | $2.4B | $2.1B | $2.4B |
| Goodwill | — | — | — | — | — | — | $95M | — | — | — |
| Total assets | $6.2B | $6.0B | $5.7B | $5.5B | $5.1B | $4.9B | $4.9B | $4.9B | $4.6B | $5.3B |
| Total current liabilities | $876M | $768M | $652M | $699M | $877M | $989M | $899M | $1.1B | $1.1B | $1.5B |
| Long-term debt | $1.1B | $1.4B | $1.4B | $1.5B | $1.9B | $1.7B | $1.6B | $1.6B | $1.7B | $1.7B |
| Total liabilities | $2.8B | $3.1B | $2.8B | $3.0B | $3.4B | $3.3B | $3.2B | $3.5B | $3.6B | $4.0B |
| Shareholders' equity | $2.8B | $2.5B | $2.5B | $2.1B | $1.4B | $1.4B | $1.4B | $1.2B | $814M | $1.0B |
| Net debt | $229M | $428M | $392M | $810M | $938M | $955M | $1.2B | $1.3B | $1.1B | $1.2B |
Cash flow
Fiscal years, from Nexa Resources SA's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $585M | $379M | $348M | $123M | $292M | $493M | $269M | $256M | $351M | $365M |
| Capital spending | $183M | $199M | $300M | $397M | $324M | $485M | $382M | $310M | $259M | $352M |
| Free cash flow | $402M | $180M | $48M | -$274M | -$32M | $8M | -$114M | -$54M | $92M | $13M |
| Dividends paid | $60M | $62M | $3M | $113M | $56M | $52M | $68M | $24M | $16M | $34M |
| Share buybacks (net) | — | — | -$1M | -$8M | — | — | — | — | — | — |
| Net borrowing | $68M | $293M | -$464,000 | $87M | $754M | -$191M | $71M | $29M | $118M | -$90M |
| Free cash flow margin | 20.5% | 7.4% | 1.9% | -11.7% | -1.6% | 0.3% | -3.7% | -2.1% | 3.3% | 0.4% |
| Dividends per share | $0.74 | $0.53 | $0.03 | $854.98 | $422.56 | $0.40 | $0.52 | $0.18 | $0.12 | $0.26 |
Questions
What was Nexa Resources SA's revenue in 2025?
$3.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Nexa Resources SA generate?
$13M in fiscal 2025 (operating cash flow minus capital spending).
From Nexa Resources SA's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.