Hudbay Minerals Inc. income statement HBM

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Hudbay Minerals Inc. reported revenue of $2.2 billion, up 9.4% from the year before. Net income was $564.3 million, a profit margin of 25.5%. Operating income came to $916.5 million, an operating margin of 41.5%. Diluted earnings per share were $1.44. Across the 9 fiscal years shown, revenue grew from $1.4 billion in fiscal 2017 to $2.2 billion in fiscal 2025, about 5.9% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Revenue	2,211 +9.4%	2,021 +19.6%	1,690 +15.6%	1,461 -2.7%	1,502 +37.5%	1,092 -11.7%	1,237 -16.0%	1,472 +5.0%	1,402
Cost of revenue	1,468 +0.0%	1,467 +13.1%	1,298 +9.5%	1,185 -13.6%	1,371 +30.1%	1,053 -3.0%	1,086 -1.2%	1,099 +10.6%	993
Gross profit	743 +34.2%	554 +41.1%	392 +41.8%	277 +111.3%	131 +235.9%	39 -74.3%	152 -59.5%	374 -8.7%	409
Selling, general and administrative	95 +66.1%	57 +45.4%	39 +15.3%	34 -21.0%	43 +3.9%	41 +14.5%	36 +32.8%	27 -35.6%	42
Operating income	916 +129.0%	400 +34.7%	297 +38.6%	214 +1073.1%	18 +149.1%	-37 +87.1%	-289 -196.6%	299 -15.2%	353
Pretax income	912 +262.5%	252 +65.7%	152 +58.4%	96 +147.3%	-203 -13.2%	-179 +60.4%	-453 -365.0%	171 -1.2%	173
Income tax	348 +89.2%	184 +123.3%	82 +223.6%	25 -38.9%	42 +220.6%	-35 +68.3%	-109 -227.5%	85 +157.1%	33
Net income	564 +732.3%	68 -2.4%	70 -1.3%	70 +128.8%	-244 -69.0%	-145 +57.9%	-344 -502.5%	85 -38.9%	140
Basic EPS	1.44 +620.0%	0.20 -9.1%	0.22 -18.5%	0.27	—	—	—	—	—
Diluted EPS	1.44 +620.0%	0.20 -9.1%	0.22 -18.5%	0.27 +129.0%	-0.93	—	—	—	—
Weighted average shares, basic	396 +5.0%	377 +21.2%	311 +18.7%	262 +0.2%	261 +0.1%	261 +0.0%	261 +0.0%	261	—
Weighted average shares, diluted	397 +5.1%	377 +21.3%	311 +18.6%	262 +0.3%	261 +0.1%	261	—	261 +7.3%	244
Other measures
Depreciation and amortization	441 +3.1%	428 +8.9%	393 +15.9%	339 -5.8%	360 -1.1%	364 +4.9%	347 +4.0%	333 +11.9%	298
EBITDA	1,358 +63.9%	828 +20.0%	690 +24.7%	553 +46.4%	378 +15.8%	326 +464.1%	58 -90.8%	632 -2.8%	650
Interest coverage	15.10x	5.73x	3.90x	3.17x	0.24x	-0.45x	-1.77x	1.97x	2.08x
Margins
Gross margin	33.61%	27.40%	23.22%	18.95%	8.72%	3.57%	12.25%	25.38%	29.18%
Operating margin	41.45%	19.81%	17.58%	14.66%	1.22%	-3.40%	-23.34%	20.30%	25.14%
Pretax margin	41.25%	12.45%	8.98%	6.56%	-13.50%	-16.39%	-36.59%	11.60%	12.33%
Profit margin	25.52%	3.35%	4.11%	4.82%	-16.27%	-13.24%	-27.78%	5.80%	9.96%
EBITDA margin	61.41%	40.98%	40.84%	37.86%	25.17%	29.88%	4.68%	42.92%	46.37%
Effective tax rate	38.12%	73.05%	54.22%	26.54%	—	—	—	50.00%	19.21%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.

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Company profile

Industry: Metal Mining (SIC 1000)
Listed as: HBM (NYSE)
Fiscal year ends: December 31
Headquarters: Toronto
SEC filer status: Large accelerated filer
SEC CIK: 1322422

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.