Franco-Nevada Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	1,823	1,114	1,219	1,316	1,300
Revenue Growth (YoY)	63.69%	-8.65%	-7.35%	1.21%	27.43%
Cost of Revenue	475.5	354.3	452.4	463.1	477.9
Gross Profit	1,347	759.3	766.6	852.6	822.1
Selling, General & Admin	52.2	40.9	27.9	32.6	30.8
Depreciation & Amortization Expenses	306.7	225.3	273.1	286.2	299.6
Other Operating Expenses	-6.9	32.7	1,195	31.9	-38.6
Operating Income	1,354	726.6	-428	820.7	860.7
Interest Income	28.2	60.6	52.3	12.6	3.7
Interest Expense	-3.1	-2.6	-2.9	-3.2	-3.6
Other Non-Operating Income (Expense)	36.7	-20.7	14.4	3.6	-3
Total Non-Operating Income (Expense)	61.8	37.3	63.8	13	-2.9
Pretax Income	1,416	763.9	-364.2	833.7	857.8
Provision for Income Taxes	303.9	211.8	102.2	133.1	124.1
Net Income	1,112	552.1	-466.4	700.6	733.7
Net Income to Common	1,112	552.1	-466.4	700.6	733.7
Net Income Growth	101.43%	-	-	-4.51%	124.92%
Shares Outstanding (Basic)	193	192	192	192	191
Shares Outstanding (Diluted)	193	193	192	192	192
Shares Change (YoY)	0.21%	0.16%	0.21%	0.21%	0.42%
EPS (Basic)	5.77	2.87	-2.43	3.66	3.84
EPS (Diluted)	5.76	2.87	-2.43	3.65	3.83
EPS Growth	100.70%	-	-	-4.70%	123.98%
Free Cash Flow	1,489	827.5	989.6	997.6	953.6
Free Cash Flow Growth	79.89%	-16.38%	-0.80%	4.61%	18.84%
Free Cash Flow Per Share	7.71	4.30	5.15	5.20	4.98
Dividends Per Share	1.520	1.440	1.360	1.280	1.160
Dividend Growth	5.56%	5.88%	6.25%	10.35%	12.62%
Gross Margin	73.91%	68.18%	62.89%	64.80%	63.24%
Operating Margin	74.29%	65.25%	-35.11%	62.38%	66.21%
Profit Margin	61.01%	49.58%	-38.26%	53.25%	56.44%
FCF Margin	81.67%	74.31%	81.18%	75.82%	73.35%
EBITDA	1,661	951.9	-154.9	1,107	1,160
EBITDA Margin	91.12%	85.48%	-12.71%	84.13%	89.25%
EBIT	1,354	726.6	-428	820.7	860.7
EBIT Margin	74.29%	65.25%	-35.11%	62.38%	66.21%
Effective Tax Rate	21.46%	27.73%	-28.06%	15.96%	14.47%

Updated Dec 31, 2025. Data Source: Fiscal.ai. standard template. Financial Sources.