Hudbay (HBM) Q4 2025 Earnings Call Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 20, 2026
AI-Generated Deep Dive Summary
Hudbay Minerals (HBM) delivered a standout performance in its Q4 2025 earnings call, with annual revenue exceeding $2 billion—a new company record—and adjusted EBITDA surpassing $1 billion for the first time. The year also saw record free cash flow of $388 million, up from $380 million after final quarter adjustments. Q4 alone highlighted impressive figures, including $733 million in revenue and a quarterly high of $386 million in adjusted EBITDA. Net earnings for the quarter reached $128 million, or $0.32 per share, while adjusted earnings came in at $0.22 per share after accounting for insurance proceeds from wildfire interruptions and non-cash items.
The company’s operational efficiency was evident across its key projects. Peru saw a significant jump in copper production, reaching 25,000 tonnes—a 38% sequential increase driven by higher ore availability at Pampacancha. Gold production in the region also rose by 25%, hitting 33,000 ounces, while silver and molybdenum production saw marked improvements as well. In Manitoba, gold production remained strong at 47,000 ounces, though copper cash costs increased due to higher
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Originally published on The Motley Fool on 2/20/2026