Nexa Resources Perú A : OTROS HECHOS DE IMPORTANCIA 10. INFORMACIÓN FINANCIERA Y MEMORIA ANUAL. 10. INFORMACIÓN FINANCIERA Y MEMORIA ANUAL. OTROS HECHOS DE IMPORTANCIA OTROS HECHOS DE IMPORTANCIA

(Free translation from the original in Spanish)

Nexa Resources Perú S.A.A. and subsidiaries

Consolidated financial statements at December 31, 2022 and independent auditor's report

Contents
Consolidated financial statements
Consolidated income statement	3
Consolidated statement of comprehensive income	4
Consolidated balance sheet	5
Consolidated statement of cash flows	6
Consolidated statement of changes in shareholders' equity	7
Notes to the consolidated financial statements
1	General information	8
2	Basis of preparation of the consolidated financial statements	8
3	Principles of consolidation	9
4	Changes in the main accounting policies and disclosures	11
5	Net revenues	12
6	Expenses by nature	14
7	Mineral exploration and project evaluation	15
8	Other income and expenses, net	15
9	Net financial results	16
10	Current and deferred income tax	17
11	Financial risk management	20
12	Financial instruments	25
13	Fair value estimates	25
14	Cash and cash equivalents	28
15	Trade accounts receivables	29
16	Inventory	30
17	Other assets	32
18	Related parties	33
19	Property, plant and equipment	34
20	Intangible assets	38
21	Loans and financings	40
22	Trade payables	43
23	Confirming payables	43
24	Salaries and payroll charges	44
25	Asset retirement and environmental obligations	45
26	Contractual obligations	46
27	Other liabilities	48
28	Provisions	48
29	Shareholders´ equity	49
30	Impairment of long-lived assets	52
31	Long-term commitments	56
32	Events after the reporting period	57
Independent Auditor's Report.

(Free translation from the original in Spanish)

Nexa Resources Perú S.A.A. and subsidiaries

Consolidated income statement Years ended on December 31

All amounts in thousands of US$ dollars, unless otherwise stated

	Note	2022	2021
Net revenues	5	892,389	828,571
Cost of sales	6	(557,849)	(507,801)
Gross profit		334,540	320,770
Operating expenses
Selling and administrative expenses	6	(33,247)	(30,166)
Mineral exploration and projects evaluation	6 and 7	(42,328)	(44,055)
Impairment of long-lived assets	30	(51,871)	-
Other income and expenses, net	8	(27,738)	(21,177)
		(155,184)	(95,398)
Operating income		179,356	225,372
Net financial results	9
Financial income		14,003	11,593
Financial expenses		(27,103)	(21,247)
Other financial items, net		(4,836)	15,132
		(17,936)	5,478
Income before income tax		161,420	230,850
Income tax	10 (a)	(66,134)	(94,481)
Net income for the year		95,286	136,369
Attributable to owners of the controlling entity	29 (e)	94,845	136,714
Attributable to non-controlling interests	29 (f)	441	(345)
Net income for the year		95,286	136,369
Weighted average number of outstanding shares - in thousands	29 (e)	1,272,108	1,272,108
Basic and diluted earnings per share - US$	29 (e)	0.07	0.11

The accompanying notes are an integral part of these consolidated financial statements.

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(Free translation from the original in Spanish)

Nexa Resources Perú S.A.A. and subsidiaries

Consolidated statement of comprehensive income Years ended on December 31

All amounts in thousands of US$ dollars, unless otherwise stated

Net income for the year

Other comprehensive loss, net of income tax - items that will not be reclassified to the income statement

Changes in fair value of financial liability related to changes in the Company's own credit risk

Deferred income tax

Total comprehensive income for the year

Attributable to owners of the controlling entity

Attributable to non-controlling interests

Total comprehensive income for the year

Note	2022	2021
	95,286	136,369
21 (b)	-	(5,189)
	-	(2,333)
	-	(7,522)
	95,286	128,847
29 (e)	94,845	129,192
29 (f)	441	(345)
	95,286	128,847

The accompanying notes are an integral part of these consolidated financial statements.

Page 4 of 57

(Free translation from the original in Spanish)

Nexa Resources Perú S.A.A. and subsidiaries

Consolidated balance sheet As at December 31

All amounts in thousands of US$ dollars, unless otherwise stated

Assets	Note
Current assets
Cash and cash equivalents	14
Trade accounts receivables	15
Inventory	16
Recoverable income tax
Other assets	17
Non-current assets
Deferred income tax	10 (b)
Recoverable income tax
Other assets	17
Property, plant and equipment	19
Intangible assets	20
Right-of-use assets
Total assets
Liabilities and shareholders' equity
Current liabilities
Loans and financings	21 (a)
Lease liabilities
Trade payables	22
Confirming payables	23
Salaries and payroll charges	24
Asset retirement and environmental obligations	25
Contractual obligations	26
Payable income tax
Other liabilities	27
Non-current liabilities
Loans and financings	21 (a)
Lease liabilities
Trade payables
Asset retirement and environmental obligations	25
Deferred income tax	10 (b)
Provisions	28
Contractual obligations	26
Other liabilities	27
Total liabilities
Shareholders' equity	29
Attributable to owners of the controlling entity
Attributable to non-controlling interests

Total liabilities and shareholders' equity

2022	2021
243,504	272,086
345,360	340,263
45,556	46,519
950	557
22,729	21,183
658,099	680,608
14,630	12,539
-	559
9,719	12,812
295,169	286,258
170,569	243,630
3,643	3,781
493,730	559,579
1,151,829	1,240,187
443	2,780
1,493	6,278
155,165	146,508
3,368	5,942
30,984	34,679
13,167	9,911
26,188	33,156
12,307	29,959
26,151	27,809
269,266	297,022
-	128,865
1,245	1,582
1,266	-
96,591	119,092
401	17
15,299	13,953
105,972	114,076
72	43
220,846	377,628
490,112	674,650
670,617	575,386
(8,900)	(9,849)
661,717	565,537
1,151,829	1,240,187

The accompanying notes are an integral part of these consolidated financial statements.

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