Franco-Nevada Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 20, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	226,761	220,329	139,771	103,604	138,181	147,261
Market Cap Growth	42.78%	57.64%	34.91%	-25.02%	-6.17%	18.63%
Enterprise Value	223,217	219,004	132,121	97,157	132,510	145,331
Last Close Price	6.47	6.43	3.98	2.95	3.92	4.18
PE Ratio	37.02	35.97	40.93	-	37.31	36.02
PS Ratio	22.82	22.17	20.50	17.55	19.90	20.37
PB Ratio	5.39	5.24	3.77	3.70	4.07	4.39
P/TBV Ratio	5.39	5.24	3.77	3.70	4.07	4.39
P/FCF Ratio	-	-	53.62	45.47	30.46	135.61
P/OCF Ratio	27.56	26.78	27.24	21.54	26.15	27.66
EV/Sales Ratio	23.42	22.04	19.38	16.45	19.08	20.10
EV/EBITDA Ratio	25.65	24.13	22.51	19.71	22.65	23.88
EV/EBIT Ratio	31.40	29.55	29.52	-	30.54	30.31
EV/FCF Ratio	-57.65	-	50.68	42.64	29.21	133.83
Net Debt / Equity Ratio	-0.09	-0.09	-0.24	-0.25	-0.19	-0.09
Net Debt / EBITDA Ratio	-0.41	-0.41	-1.53	-1.40	-1.08	-0.49
Net Debt / FCF Ratio	0.95	0.95	-3.44	-3.03	-1.39	-2.77
Asset Turnover	0.25	0.25	0.18	0.19	0.21	0.22
Inventory Turnover	41.60	41.60	32.44	590.67	582.67	351.80
Quick Ratio	7.55	7.55	23.87	39.10	26.54	15.26
Current Ratio	8.30	8.30	25.43	41.21	27.55	17.39
Return on Equity (ROE)	16.32%	16.32%	9.38%	-7.65%	11.26%	12.79%
Return on Assets (ROA)	11.54%	11.54%	7.34%	-4.27%	7.99%	9.12%
Return on Invested Capital (ROIC)	15.40%	18.37%	11.76%	-9.00%	12.88%	14.16%
Return on Capital Employed (ROCE)	16.60%	16.60%	11.60%	-7.20%	12.50%	14.00%
Earnings Yield	2.70%	2.78%	2.44%	-2.18%	2.68%	2.78%
FCF Yield	-1.71%	-1.76%	1.86%	2.20%	3.28%	0.74%
Dividend Yield	0.53%	130.14%	223.74%	223.60%	172.80%	154.54%
Payout Ratio	0.11%	24.74%	43.91%	-	28.20%	24.48%
Buyback Yield / Dilution	-0.21%	-0.21%	-0.16%	-0.21%	-0.21%	-0.42%
Total Shareholder Return	0.31%	129.94%	223.58%	223.39%	172.59%	154.12%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.