Franco-Nevada Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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
Cash & Equivalents	714.7	670.9	1,451	1,422	1,197	539.3
Cash & Short-Term Investments	714.7	670.9	1,451	1,422	1,197	539.3
Cash Growth	-36.65%	-53.77%	2.07%	18.84%	121.86%	0.95%
Accounts Receivable	267.5	241.9	151.8	111	135.7	119.8
Other Receivables	-	-	5.9	-	-	39.7
Total Trade Receivables	267.5	241.9	157.7	111	135.7	159.5
Other Current Assets	145.4	108.6	107.8	82.4	50.9	52.6
Total Current Assets	1,128	1,021	1,717	1,615	1,383	751.4
Net Property, Plant & Equipment	6,307	6,043	4,099	4,027	4,928	5,149
Long-Term Investments	1,322	1,141	429.6	279.3	227.2	235.9
Other Long-Term Assets	40.8	35.6	85.2	72.4	89	73.3
Total Assets	8,798	8,241	6,330	5,994	6,627	6,210
Accounts Payable	49.7	44.9	28.7	30.9	43.1	33.6
Other Current Liabilities	-	78.1	38.8	8.3	7.1	9.6
Total Current Liabilities	183.2	123	67.5	39.2	50.2	43.2
Other Long-Term Liabilities	628.8	483.1	266.3	185.8	159	141.5
Total Long-Term Liabilities	628.8	483.1	266.3	185.8	159	141.5
Total Liabilities	690.9	606.1	333.8	225	209.2	184.7
Common Stock	5,814	5,803	5,769	5,728	5,695	5,629
Additional Paid-in Capital	16.5	21.6	23	20.6	15.6	16.1
Accumulated Other Comprehensive Income	504.7	430.5	-282	-192	-233.7	-104.3
Retained Earnings	1,772	1,380	486.5	212.3	940.4	484.9
Shareholders' Equity	8,107	7,635	5,997	5,769	6,418	6,025
Total Liabilities & Equity	8,798	8,241	6,330	5,994	6,627	6,210
Net Cash (Debt)	714.7	670.9	1,451	1,422	1,197	539.3
Net Cash Growth	6.53%	-53.77%	2.07%	18.84%	121.86%	0.95%
Net Cash Per Share	3.70	3.48	7.54	7.39	6.24	2.82
Book Value	8,107	7,635	5,997	5,769	6,418	6,025
Book Value Per Share	41.98	39.56	31.14	30.00	33.44	31.46
Tangible Book Value	8,107	7,635	5,997	5,769	6,418	6,025
Tangible Book Value Per Share	41.98	39.56	31.14	30.00	33.44	31.46

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.