Hudbay Minerals Inc. (HBM) Operating Expenses (2009 - 2026)

On a TTM basis, Hudbay Minerals' Operating Expenses came in at $1.07 billion as of Jun 30, 2026, up 2.5% year-over-year; for the year ended Dec 31, 2025, it was $1.03 billion, down 1.2% from the prior year.

• Annual Operating Expenses has a five-year compound annual growth rate of 8.3% (years ended Dec 2020 to Dec 2025).
• Across earlier years, Operating Expenses came in at $1.04 billion in the year ended Dec 31, 2024 (+14.9%), $905.8 million in the year ended Dec 31, 2023 (+7.0%), $846.94 million in the year ended Dec 31, 2022 (+3.3%) and $819.58 million in the year ended Dec 31, 2021 (+18.5%).
• Quarterly Operating Expenses has ranged from $161.28 million in the quarter ended Mar 31, 2023 to $310.3 million in the quarter ended Dec 31, 2025 over the past five years.
• On a year-over-year basis, Operating Expenses has increased for three consecutive quarters, with growth averaging 0.5% over the last eight quarters.
• Peak year-over-year performance for Operating Expenses in the last five years was growth of 64.8% in the quarter ended Dec 31, 2023, against a decline of 24.0% in the quarter ended Mar 31, 2023 at the low end.
• Per Business Quant, the preceding three quarters came in at $289.4 million (quarter ended Mar 31, 2026), $310.3 million (quarter ended Dec 31, 2025) and $198.8 million (quarter ended Sep 30, 2025).