Hudbay Q2 FY26 adjusted EBITDA drops to $321 million; revenue rises to $631 million
HBM•Production and cost guidance
Consolidated copper production edged up to 28,000 tonnes from 27,000 tonnes in Q1 2026, while consolidated cash cost was USD (0.40)/lb versus USD (1.80)/lb.
Full-year 2026 production guidance was reaffirmed; consolidated cash cost guidance was tightened to USD (0.45) to USD (0.25)/lb from USD (0.30) to USD (0.10)/lb.
Q2 financial and operating results
Hudbay posted Q2 2026 adjusted EBITDA (non-GAAP) of USD 321 million, down from USD 422 million in Q1 2026 and up from USD 245 million in Q2 2025.
Adjusted attributable EPS (non-GAAP) fell to USD 0.28 from USD 0.40 in Q1 2026, rising from USD 0.19 in Q2 2025.
Revenue totaled USD 631 million; operating cash flow before changes in non-cash working capital was USD 210 million, roughly flat versus USD 209 million in Q1 2026.




