Nexa Resources S.A. (NEXA) Q2 2026 Earnings Call

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WEBVTT 00:00:00.091 -- 00:00:05.353 Good morning, everyone, and welcome to Nexa Resources' second quarter 2026 earnings 00:00:05.353 -- 00:00:10.756 call. Thank you for joining us. Today, we will walk through the results we published 00:00:10.756 -- 00:00:15.438 yesterday. If you would like to follow along, the presentation is available through the 00:00:15.438 -- 00:00:21.181 webcast. Before we begin, please take a moment to look at slider number two. 00:00:21.181 -- 00:00:26.143 It contains our forward-looking statements disclaimer, and we ask that you review it 00:00:26.143 -- 00:00:31.379 along with the related risk factors. Here with me today are Ignacio Rosado, 00:00:31.379 -- 00:00:37.260 our CEO, José Carlos del Valle, our CFO, and Leonardo Coelho, 00:00:37.260 -- 00:00:40.500 our Senior Vice President of Mining Operations. 00:00:40.500 -- 00:00:42.381 Ignacio, over to you. 00:00:42.381 -- 00:00:45.441 Thank you Rodrigo and good morning everyone. 00:00:45.441 -- 00:00:48.742 Let me start on slide number three. 00:00:48.742 -- 00:00:54.593 The operational inflection we have been pursuing becomes visible this quarter. 00:00:54.593 -- 00:00:59.555 Adjusted EBITDA grew 78% year-over-year, $286 million, with a margin of about 31%. 00:00:59.555 -- 00:01:03.295 Net income was $98 million, or 52 cents per share. 00:01:10.469 -- 00:01:15.595 and Net Leverage continue coming down, closing the quarter at 1.4 00:01:15.595 -- 00:01:20.740 times, a steep drop from where we were a year ago, 00:01:20.740 -- 00:01:25.846 supported by last 12 months adjusted EBITDA of over 1 00:01:25.846 -- 00:01:27.608 billion. 00:01:27.608 -- 00:01:30.391 Three things drove the results. 00:01:30.391 -- 00:01:36.057 First, A constructive price environment across our entire metal mix, 00:01:36...