Franco-Nevada Corporation (FNV) Financial Statements
Franco-Nevada financial statements at a glance
Franco-Nevada reported revenue of $1.82 billion for fiscal year 2025 (ended December 31, 2025), up 63.7% from fiscal year 2024. Net income was $1.11 billion, a net margin of 61.0%.
At the end of fiscal year 2025 it had total assets of $8.24 billion, total liabilities of $606.10 million and shareholders' equity of $7.64 billion, with cash and short-term investments of $670.90 million.
Its operations brought in $1.49 billion of cash; capital spending was $2.20 billion, leaving free cash flow of -$703.00 million.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Franco-Nevada Corporation
Income Statement
Annual • USD
Franco-Nevada key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.1B | $1.2B | $1.3B | $1.3B |
| Gross profit | $1.3B | $759.3M | $766.6M | $852.6M | $822.1M |
| Operating income | $1.3B | $726.6M | -$428.0M | $820.7M | $791.3M |
| Net income | $1.1B | $552.1M | -$466.4M | $700.6M | $733.7M |
| Diluted EPS | – | – | – | – | $3.85 |
| Total assets | $8.2B | $6.3B | $6.0B | $6.6B | $6.2B |
| Total liabilities | $606.1M | $333.8M | $225.0M | $209.2M | $184.7M |
| Shareholders' equity | $7.6B | $6.0B | $5.8B | $6.4B | $6.0B |
| Cash and short-term investments | $670.9M | – | – | – | $539.3M |
| Operating cash flow | $1.5B | $829.5M | $991.2M | $999.5M | $955.4M |
| Capital spending | $2.2B | – | – | – | $760.5M |
| Free cash flow | -$703.0M | – | – | – | $194.9M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Franco-Nevada's revenue in fiscal year 2025?
$1.82 billion, up 63.7% from $1.11 billion in fiscal year 2024.
How much profit does Franco-Nevada make?
Franco-Nevada reported net income of $1.11 billion for fiscal year 2025 (61.0% of revenue); operating income was $1.30 billion.
How much cash and debt does Franco-Nevada have?
At the end of fiscal year 2025: cash and short-term investments of $670.90 million.
What is Franco-Nevada's free cash flow?
-$703.00 million in fiscal year 2025 (operating cash flow of $1.49 billion minus capital spending of $2.20 billion).
