Franco-Nevada revenue and financials

FNV · NYSE · USD

Secondary listing. The primary listing is Franco-Nevada · TSX (CAD)

$240.78+0.62%+$1.48

Close · October 5, 2026

In the fiscal year ended December 2025, Franco-Nevada reported revenue of $1.82B (+63.69% year over year). Net income was $1.11B, a net margin of 61.0%.

Annual revenue · 2025: $1.82B

$610.2M2016
$675M2017
$653.2M2018
$844.1M2019
$1.02B2020
$1.3B2021
$1.32B2022
$1.22B2023
$1.11B2024
$1.82B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +63.69%; 2025 vs 2024
Net income growth: +101.43%; 2025 vs 2024
Net margin: 61.0%; 2024: 49.6%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	1,823	1,114	1,219	1,316	1,300	1,020	844	653	675	610
Cost of revenue	476	354	452	463	478	400	408	366	415	380
Gross profit	1,347	759	767	853	822	620	436	287	260	231
Selling, general and administrative	29.5	26.6	23.5	22.5	19.6	—	—	—	—	—
Operating income	1,354	727	-428	821	861	337	410	189	235	155
EBIT	1,346	724	-431	821	861	—	—	—	—	—
EBITDA	1,648	949	1,016	1,107	1,092	—	—	—	—	—
Interest expense	3.1	2.6	2.9	3.2	3.6	3.5	10.6	4.6	3.4	3.6
Pre-tax income	1,416	764	-364	834	858	—	—	—	—	—
Income tax	304	212	102	133	124	13.3	61.8	50.1	41.3	45.7
Net income	1,112	552	-466	701	734	326	344	139	195	122
Net income to common shareholders	1,112	552	-466	701	734	—	—	—	—	—
Basic EPS	5.77	2.87	-2.43	3.66	3.84	1.71	1.83	0.75	1.06	0.70
Diluted EPS	5.76	2.87	-2.43	3.65	3.83	1.71	1.83	0.75	1.06	0.69
Average shares (basic)	193	192	192	192	191	—	—	—	—	—
Average shares (diluted)	193	193	192	192	192	—	—	—	—	—
Dividend per share	1.52	1.44	1.36	1.28	1.16	—	—	—	—	—