Franco-Nevada Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	236.7	1,451	1,422	1,197	539.3	534.2
Short-Term Investments	44.1	-	-	-	-	-
Cash & Short-Term Investments	280.8	1,451	1,422	1,197	539.3	534.2
Cash Growth	-78.68%	2.07%	18.84%	121.86%	0.95%	304.39%
Accounts Receivable	190.7	151.8	111	135.7	119.8	93.4
Receivables	247.3	157.7	111	135.7	159.5	93.4
Inventory	0.5	7.3	0.5	0.1	0.5	0.5
Prepaid Expenses	3.7	10.6	30	22.1	18.8	16.4
Other Current Assets	10.2	89.9	51.9	28.7	33.3	19.2
Total Current Assets	542.5	1,717	1,615	1,383	751.4	663.7
Property, Plant & Equipment	6,098	4,109	4,034	4,934	5,156	4,640
Long-Term Investments	774.2	325.5	254.5	227.2	235.9	201.3
Long-Term Deferred Tax Assets	24.1	30.8	37	39.9	49.4	45.1
Long-Term Deferred Charges	1.1	1.4	1.1	1.5	1.2	1.3
Other Long-Term Assets	-	42.5	27.7	40.9	15.6	4.9
Total Assets	7,517	6,330	5,994	6,627	6,210	5,593
Accounts Payable	66.1	5.1	5.5	7	8.5	3.5
Accrued Expenses	-	23.6	25.4	36.1	25.1	37.3
Current Income Taxes Payable	50.8	38.8	8.3	7.1	9.6	12.4
Total Current Liabilities	116.9	67.5	39.2	50.2	43.2	53.2
Long-Term Deferred Tax Liabilities	369	238	180.1	153	135.4	91.5
Other Long-Term Liabilities	31.7	28.3	5.7	6	6.1	4.4
Total Liabilities	517.6	333.8	225	209.2	184.7	149.1
Common Stock	5,800	5,769	5,728	5,695	5,629	5,580
Additional Paid-In Capital	20.2	23	20.6	15.6	16.1	14
Retained Earnings	1,078	486.5	212.3	940.4	484.9	-34.4
Comprehensive Income & Other	101.1	-282	-192	-233.7	-104.3	-115.9
Shareholders' Equity	6,999	5,997	5,769	6,418	6,025	5,444
Total Liabilities & Equity	7,517	6,330	5,994	6,627	6,210	5,593
Net Cash (Debt)	280.8	1,451	1,422	1,197	539.3	534.2
Net Cash Growth	-78.68%	2.07%	18.84%	121.86%	0.95%	925.34%
Net Cash Per Share	1.46	7.54	7.39	6.24	2.82	2.80
Filing Date Shares Outstanding	192.78	192.55	192.18	191.89	191.33	190.96
Total Common Shares Outstanding	192.78	192.55	192.18	191.89	191.33	190.96
Working Capital	425.6	1,649	1,576	1,333	708.2	610.5
Book Value Per Share	36.31	31.14	30.02	33.44	31.49	28.51
Tangible Book Value	6,999	5,997	5,769	6,418	6,025	5,444
Tangible Book Value Per Share	36.31	31.14	30.02	33.44	31.49	28.51
Machinery	6.8	6	6	5.8	5.6	5.4

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