Hudbay Minerals Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Hudbay Minerals Inc reported revenue of $2.2B (+9.4% year on year) and net income of $564.3M (+732.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $2.2B | $2.0B | $1.7B | $1.5B |
| Mine operating costs | $1.0B | $1.0B | $905.8M | $846.9M |
| Depreciation and amortization | $439.7M | $426.6M | $391.7M | $337.6M |
| Cost of Sales | $1.5B | $1.5B | $1.3B | $1.2B |
| Gross profit | $743.2M | $553.8M | $392.6M | $276.9M |
| Selling and administrative expenses | $94.7M | $57.0M | $39.2M | $34.0M |
| Exploration expenses | $46.3M | $42.6M | $29.3M | $34.5M |
| Other operating expenses | $7.8M | $57.4M | $38.3M | $32.6M |
| Re-evaluation adjustment - environmental provision | $200.0K | ($3.5M) | ($11.4M) | ($133.5M) |
| Impairment - reversal | ($322.3M) | — | — | — |
| Results from operating activities | $916.5M | $400.3M | $297.2M | $214.3M |
| Consideration received from sale of non-core project | ($14.9M) | — | — | — |
| Net interest expense on long term debt | $60.7M | $69.8M | $76.2M | $67.7M |
| Accretion on streaming arrangements | $19.9M | $24.2M | $26.3M | $27.8M |
| Change in fair value of financial instruments | ($52.9M) | $16.6M | $14.1M | $942.0K |
| Other net finance (income) expenses | ($8.3M) | $38.1M | $28.8M | $22.1M |
| Other expenses | $4.5M | — | — | — |
| Income before tax | $912.0M | $251.6M | $151.8M | $95.8M |
| Tax expense | $347.7M | $183.8M | $82.3M | $25.4M |
| Owners of the Company | $568.5M | $76.7M | $66.4M | — |
| Non-controlling interest | ($4.2M) | ($8.9M) | $3.2M | — |
| Net income for the year | $564.3M | $67.8M | $69.5M | $70.4M |
| Basic | $1.44 | $0.20 | $0.22 | $0.27 |
| Diluted | $1.44 | $0.20 | $0.22 | $0.27 |
| Basic | 395.5M | 376.8M | 310.8M | 261.9M |
| Diluted | 396.6M | 377.3M | 311.0M | 262.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $568.9M | $541.8M | $249.8M | $225.7M |
| Short-term investments | $0 | $40.0M | — | — |
| Trade and other receivables | $377.8M | $235.5M | $203.4M | $113.2M |
| Inventories | $199.2M | $197.4M | $207.3M | $155.0M |
| Prepaid expenses and other current assets | $15.2M | $17.4M | $6.3M | $20.1M |
| Other financial assets | $800.0K | $15.3M | $4.1M | $1.1M |
| Taxes receivable | $1.2M | $1.1M | $2.3M | $9.2M |
| Total Current assets | $1.2B | $1.0B | $673.2M | $524.2M |
| Taxes receivable | $16.1M | — | — | — |
| Inventories | $21.6M | $16.6M | $24.4M | $50.7M |
| Other financial assets | $130.9M | $12.1M | $7.1M | $9.8M |
| Intangibles and other assets | $58.6M | $44.3M | $52.5M | $49.8M |
| Property, plant and equipment | $4.7B | $4.2B | $4.3B | $3.6B |
| Deferred tax assets | $66.5M | $102.6M | $151.9M | $125.6M |
| Goodwill | $72.6M | $69.2M | $75.3M | — |
| Total Assets | $6.2B | $5.5B | $5.3B | $4.3B |
| Trade and other payables | $342.8M | $270.2M | $239.1M | $211.5M |
| Taxes payable | $117.4M | $100.7M | $53.4M | $4.1M |
| Other liabilities | $94.7M | $34.4M | $30.0M | $46.8M |
| Other financial liabilities | $122.9M | $38.3M | $42.2M | $33.3M |
| Lease liabilities | $26.7M | $30.5M | $28.9M | $16.2M |
| Current portion of long-term debt | $472.1M | — | — | — |
| Deferred revenue | $52.1M | $63.1M | $87.7M | $64.7M |
| Total Current liabilities | $1.2B | $537.2M | $537.3M | $447.6M |
| Other financial liabilities | $155.0M | $114.4M | $51.7M | $52.4M |
| Lease liabilities | $29.3M | $44.3M | $61.4M | $44.9M |
| Long-term debt | $536.5M | $1.1B | $1.3B | $1.2B |
| Deferred revenue | $265.0M | $309.1M | $330.8M | $404.9M |
| Pension obligations | $7.5M | $6.2M | $6.0M | $3.3M |
| Other employee benefits | $82.4M | $80.3M | $101.8M | $86.3M |
| Environmental and other provisions | $312.6M | $300.8M | $321.9M | $279.2M |
| Deferred tax liabilities | $375.3M | $340.4M | $407.2M | $251.3M |
| Total liabilities | $3.0B | $2.8B | $3.1B | $2.8B |
| Share capital | $2.7B | $2.6B | $2.2B | $1.8B |
| Reserves | $102.3M | $14.3M | $30.2M | $26.5M |
| Retained earnings | $460.5M | ($102.4M) | ($173.6M) | ($235.5M) |
| Equity attributable to owners of the Company | $3.2B | $2.6B | $2.1B | — |
| Non-controlling interest | $0 | $94.2M | $110.0M | — |
| Total liabilities and equity | $6.2B | $5.5B | $5.3B | $4.3B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income for the year | $564.3M | $67.8M | $69.5M | $70.4M |
| Tax expense | $347.7M | $183.8M | $82.3M | $25.4M |
| Depreciation and amortization | $441.2M | $428.0M | $393.1M | $339.1M |
| Share-based compensation | $61.3M | $19.3M | $7.4M | $2.1M |
| Net finance expenses | $19.4M | $148.7M | $145.3M | $22.1M |
| Inventory adjustments | $4.1M | $2.9M | $2.3M | $3.6M |
| Amortization of deferred revenue and variable consideration | ($75.0M) | ($70.5M) | ($77.3M) | ($73.2M) |
| Pension and other employee benefit payments, net of accruals | $5.3M | $11.9M | $7.0M | $1.5M |
| Amortization of community agreements | $12.4M | $13.7M | — | — |
| Re-evaluation adjustment - environmental obligation | $200.0K | ($3.5M) | ($11.4M) | ($133.5M) |
| Write-down/loss on disposal of PP&E | $3.5M | $27.4M | — | — |
| Impairment reversal | ($322.3M) | — | — | $0 |
| Decommissioning and restoration payments | ($1.7M) | ($2.1M) | ($2.1M) | ($15.5M) |
| Other | ($27.7M) | ($3.8M) | $8.7M | ($2.0M) |
| Taxes paid | ($268.4M) | ($132.5M) | ($54.8M) | ($39.6M) |
| Operating cash flow before change in non-cash working capital | $764.3M | $691.1M | $570.0M | $391.7M |
| Change in non-cash working capital | ($57.0M) | ($24.9M) | ($93.1M) | $96.1M |
| Net cash flows from operating activities | $707.3M | $666.2M | $476.9M | $487.8M |
| Acquisition of property, plant and equipment | ($466.7M) | ($347.1M) | ($281.1M) | ($309.0M) |
| Acquisition of intangibles | ($2.8M) | ($1.8M) | — | — |
| Community agreements | ($17.5M) | ($9.1M) | ($10.7M) | ($37.5M) |
| Grants received | $700.0K | $3.1M | — | — |
| Net purchase of investments | ($61.8M) | ($3.2M) | $53.0K | $1.9M |
| Change in restricted cash | $800.0K | $800.0K | $126.0K | ($49.0K) |
| Maturity of (investment in) short-term investments | $40.0M | ($40.0M) | — | — |
| Consideration received from sale of non-core project | $14.9M | — | — | — |
| Investment income received | $24.0M | $14.4M | $8.0M | $2.8M |
| Net cash flows from investing activities | ($468.4M) | ($382.9M) | ($271.8M) | ($337.7M) |
| Repayment of revolving credit facility | $0 | $0 | ($143.0M) | $0 |
| Repurchase of senior unsecured notes, net of discount | ($102.1M) | ($81.9M) | — | — |
| Copper Mountain non-controlling interest - acquisition payment | ($6.0M) | — | — | — |
| Equity and flow-through share issuance, net of issuance costs | 26.8M | 398.0M | — | — |
| Interest paid on long-term debt | ($58.4M) | ($67.9M) | ($74.0M) | ($63.8M) |
| Financing costs | ($11.7M) | ($15.1M) | ($12.2M) | ($12.3M) |
| Lease payments | ($36.9M) | ($31.4M) | ($25.2M) | ($35.8M) |
| Equipment financing payments | ($20.2M) | ($10.2M) | ($1.9M) | — |
| Gold prepayment repayments | $0 | ($62.3M) | ($26.7M) | ($71.7M) |
| Deferred Rosemont acquisition payment | $0 | ($10.0M) | ($10.0M) | ($10.0M) |
| Net payments on settlement of non-QP hedges | ($3.4M) | ($7.9M) | — | — |
| Net proceeds from exercise of stock options and warrants | $3.1M | $4.4M | $190.0K | $1.3M |
| Dividends paid | ($5.6M) | ($5.5M) | ($4.5M) | ($4.0M) |
| Net cash flows from financing activities | ($214.4M) | $10.2M | ($182.4M) | ($196.3M) |
| Effect of movement in exchange rates on cash | $2.6M | ($1.5M) | $1.4M | $843.0K |
| Net increase in cash and cash equivalents | $27.1M | $292.0M | $24.1M | ($45.3M) |
| Cash and cash equivalents, beginning of the year | $541.8M | $249.8M | $225.7M | $271.0M |
Hudbay Minerals Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.