China was Hudbay Minerals’s largest region in fiscal 2025, bringing in $923.40M of $2.21B (42%).
| Markets of customers | FY 2017 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Canada | $593.40M | $501.20M | $741.10M | $702.00M | ||||
| Revenue | — | — | — | — | ||||
| China | $247.88M | $282.20M | $755.00M | $923.40M | ||||
| Switzerland | $251.96M | $268.20M | $13.60M | — | ||||
| Japan | $66.00K | $203.30M | $274.10M | $320.20M | ||||
| United States | $168.47M | $30.10M | $67.40M | $14.50M | ||||
| Hong Kong | $62.61M | $176.70M | — | — | ||||
| India | — | — | $82.00M | $148.00M | ||||
| Singapore | $65.75M | $53.60M | — | — | ||||
| Peru Cgu | — | $44.40M | — | $22.20M | ||||
| Other | — | — | — | — | ||||
| Philippines | $34.39M | $20.70M | $63.90M | $4.20M | ||||
| Belgium | — | $79.10M | $1.10M | — | ||||
| Germany | — | — | — | $44.50M | ||||
| United Kingdom | $3.36M | — | — | — | ||||
| Other Customer Location | — | — | — | — | ||||
| Korea, Republic Of | $4.00K | $27.60M | $23.00M | $19.50M | ||||
| Chile | $33.56M | $2.90M | — | $11.10M | ||||
| Netherlands | — | — | — | $1.40M | ||||
| Total | $1.46B | $1.69B | $2.02B | $2.21B |
Hudbay Minerals brought in $2.21B from its 11 regions in fiscal 2025, the year ended December 31, 2025. Hudbay Minerals regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $2.02B. China was the largest at $923.40M (41.8%), ahead of Canada at $702.00M (31.8%) and Japan at $320.20M (14.5%). The other eight regions brought in $265.40M combined.
Compared with fiscal 2024, India grew fastest, up 80.5% to $148.00M, while Canada fell the most, down 5.3% to $702.00M.
Hudbay Minerals began breaking out India in fiscal 2024 and Netherlands in fiscal 2025. Hudbay Minerals stopped reporting Hong Kong ($176.70M in fiscal 2023), Singapore ($53.60M in fiscal 2023), Switzerland ($13.60M in fiscal 2024) and two others as separate regions.
Peru Cgu was Hudbay Minerals’s largest segment in fiscal 2025, bringing in $1.16B of $2.21B (53%).
| Segments [axis] | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Peru Cgu | $828.15M | $1.04B | $1.05B | $1.16B | |||||
| Revenue | — | — | — | — | |||||
| Manitoba | $633.29M | $484.30M | $697.40M | $748.70M | |||||
| British Columbia | — | $165.40M | $274.10M | $301.10M | |||||
| Total | $1.46B | $1.69B | $2.02B | $2.21B |
Hudbay Minerals brought in $2.21B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 9.4% from $2.02B in fiscal 2024. Peru Cgu was the largest at $1.16B (52.5%), ahead of Manitoba at $748.70M (33.9%) and British Columbia at $301.10M (13.6%).
Compared with fiscal 2024, Peru Cgu grew fastest, up 10.6% to $1.16B. Every segment above 2% of revenue grew.
Hudbay Minerals began breaking out British Columbia in fiscal 2023, when it brought in $165.40M.
Hudbay Minerals (HBM) reports its revenue by markets of customers and by segments [axis]. In fiscal 2025, China was its largest region, bringing in $923.40M (41.8% of the total), followed by Canada at $702.00M (31.8%).
China was Hudbay Minerals' largest region in fiscal 2025, bringing in $923.40M, or 41.8% of the $2.21B total across its 11 regions.
Peru Cgu was Hudbay Minerals' largest segment in fiscal 2025, bringing in $1.16B, or 52.5% of the $2.21B total across its three segments.
Among Hudbay Minerals' segments that make up at least 2% of revenue, Peru Cgu grew fastest in fiscal 2025, up 10.6% from $1.05B to $1.16B.
Every figure comes from Hudbay Minerals' annual financial filings, as reported. Each line keeps the name Hudbay Minerals gives it, and years follow its fiscal calendar.
Hudbay Minerals' revenue by markets of customers goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.