Franco-Nevada Income Statement

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
Revenue	1,547	1,114	1,219	1,316	1,300	1,020
Revenue Growth (YoY)	41.12%	-8.65%	-7.35%	1.21%	27.43%	20.86%
Cost of Revenue	433	354.3	452.4	463.1	477.9	399.8
Gross Profit	1,114	759.3	766.6	852.6	822.1	620.4
Selling, General & Admin	44.9	34.6	27.9	32.6	30.8	28.8
Depreciation & Amortization Expenses	279.4	225.3	273.1	286.2	299.6	241
Other Operating Expenses	-10.5	32.7	1,195	31.9	-38.6	283.9
Operating Income	1,118	726.6	-428	820.7	860.7	336.5
Interest Income	39.2	60.6	52.3	12.6	3.7	3.7
Interest Expense	-3	-2.6	-2.9	-3.2	-3.6	-3.5
Other Non-Operating Income (Expense)	16	-20.7	14.4	3.6	-3	2.8
Total Non-Operating Income (Expense)	52.2	37.3	63.8	13	-2.9	3
Pretax Income	1,170	763.9	-364.2	833.7	857.8	339.5
Provision for Income Taxes	250.1	211.8	102.2	133.1	124.1	13.3
Net Income	919.8	552.1	-466.4	700.6	733.7	326.2
Net Income to Common	919.8	552.1	-466.4	700.6	733.7	326.2
Net Income Growth	-	-	-	-4.51%	124.92%	-5.20%
Shares Outstanding (Basic)	193	192	192	192	191	190
Shares Outstanding (Diluted)	193	193	192	192	192	191
Shares Change (YoY)	0.25%	0.16%	0.21%	0.21%	0.42%	1.44%
EPS (Basic)	4.77	2.87	-2.43	3.66	3.84	1.71
EPS (Diluted)	4.77	2.87	-2.43	3.65	3.83	1.71
EPS Growth	-	-	-	-4.70%	123.98%	-6.56%
Free Cash Flow	1,305	827.5	989.6	997.6	953.6	802.4
Free Cash Flow Growth	57.75%	-16.38%	-0.80%	4.61%	18.84%	30.18%
Free Cash Flow Per Share	6.77	4.30	5.15	5.20	4.98	4.21
Dividends Per Share	1.500	1.440	1.360	1.280	1.160	1.030
Dividend Growth	4.17%	5.88%	6.25%	10.35%	12.62%	4.04%
Gross Margin	72.00%	68.18%	62.89%	64.80%	63.24%	60.81%
Operating Margin	72.27%	65.25%	-35.11%	62.38%	66.21%	32.98%
Profit Margin	59.48%	49.58%	-38.26%	53.25%	56.44%	31.97%
FCF Margin	84.41%	74.31%	81.18%	75.82%	73.35%	78.65%
EBITDA	1,397	951.9	-154.9	1,107	1,160	577.5
EBITDA Margin	90.34%	85.48%	-12.71%	84.13%	89.25%	56.61%
EBIT	1,118	726.6	-428	820.7	860.7	336.5
EBIT Margin	72.27%	65.25%	-35.11%	62.38%	66.21%	32.98%
Effective Tax Rate	21.38%	27.73%	-28.06%	15.96%	14.47%	3.92%

Updated Sep 30, 2025. Data Source: Fiscal.ai. standard template. Financial Sources.