Cash flow Franco-Nevada Corporation

Equities

FNV

CA3518581051

Gold

Market Closed - Toronto S.E. Other stock markets 01:30:00 09/05/2026 am IST			5-day change	1st Jan Change
317.51 ^CAD	+1.86%		+3.25%	+11.60%

23/04	Errington Metals Corp. Announces Appointment of Strategic Advisors	CI
20/04	Franco-Nevada Corporation(TSX:FNV) added to S&P/TSX 60 Shariah Index	CI

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Published financial data: FRANCO-NEVADA CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	129.76Cr	131.36Cr	121.69Cr	110.22Cr	180.41Cr
Total Revenues	129.76Cr	131.36Cr	121.69Cr	110.22Cr	180.41Cr
Cost of Goods Sold, Total	18Cr	17Cr	18Cr	13Cr	16Cr
Gross Profit	112.17Cr	113.88Cr	103.97Cr	98Cr	163.98Cr
Selling General & Admin Expenses, Total	3.08Cr	2.25Cr	2.45Cr	2.66Cr	2.95Cr
Stock-Based Compensation (IS)	-	1.01Cr	44L	80L	1.69Cr
Depreciation & Amortization - (IS)	30Cr	29Cr	27Cr	23Cr	31Cr
Impairment of Oil, Gas & Mineral Properties - (IS)	-6.8Cr	-	117.33Cr	-	-48L
Other Operating Expenses	-14L	-7L	-39L	-79L	-5.43Cr
Other Operating Expenses, Total	26Cr	32Cr	147.14Cr	25Cr	29Cr
Operating Income	86Cr	82Cr	-43Cr	72Cr	134.58Cr
Interest Expense, Total	-14L	-10L	-6L	-5L	-7L
Interest And Investment Income	37L	1.26Cr	5.23Cr	6.95Cr	4.24Cr
Net Interest Expenses	23L	1.16Cr	5.17Cr	6.9Cr	4.17Cr
Currency Exchange Gains (Loss)	-24L	36L	1.44Cr	-1.47Cr	43L
Other Non Operating Income (Expenses)	-24L	-22L	-23L	-81L	3Cr
EBT, Excl. Unusual Items	86Cr	83Cr	-37Cr	77Cr	142.18Cr
Gain (Loss) On Sale Of Investments	-4L	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	37L	3L	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-63L	-58L
EBT, Incl. Unusual Items	86Cr	83Cr	-36Cr	76Cr	141.6Cr
Income Tax Expense	12Cr	13Cr	10Cr	21Cr	30Cr
Earnings From Continuing Operations	73Cr	70Cr	-47Cr	55Cr	111.21Cr
Net Income to Company	73Cr	70Cr	-47Cr	55Cr	111.21Cr
Net Income - (IS)	73Cr	70Cr	-47Cr	55Cr	111.21Cr
Net Income to Common Incl Extra Items	73Cr	70Cr	-47Cr	55Cr	111.21Cr
Net Income to Common Excl. Extra Items	73Cr	70Cr	-47Cr	55Cr	111.21Cr
Per Share Items
Net EPS - Basic	3.84	3.66	-2.43	2.87	5.77
Basic EPS - Continuing Operations	3.84	3.66	-2.43	2.87	5.77
Basic Weighted Average Shares Outstanding	19Cr	19Cr	19Cr	19Cr	19Cr
Net EPS - Diluted	3.83	3.65	-2.43	2.87	5.76
Diluted EPS - Continuing Operations	3.83	3.65	-2.43	2.87	5.76
Diluted Weighted Average Shares Outstanding	19Cr	19Cr	19Cr	19Cr	19Cr
Normalized Basic EPS	2.81	2.72	-1.2	2.5	4.61
Normalized Diluted EPS	2.8	2.72	-1.2	2.5	4.6
Dividend Per Share	1.16	1.28	1.36	1.44	1.52
Payout Ratio	24.48	28.2	-49.96	43.9	24.74
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	109.23Cr	110.69Cr	101.47Cr	95Cr	164.77Cr
EBITA	86Cr	82Cr	-43Cr	72Cr	134.58Cr
EBIT	86Cr	82Cr	-43Cr	72Cr	134.58Cr
Total Revenues (As Reported)	-	-	-	111.36Cr	182.28Cr
Effective Tax Rate - (Ratio)	14.47	15.96	-28.06	27.73	21.46
Total Current Taxes	8.7Cr	9.57Cr	7.56Cr	15Cr	20Cr
Total Deferred Taxes	3.71Cr	3.74Cr	2.66Cr	6.63Cr	11Cr
Normalized Net Income	54Cr	52Cr	-23Cr	48Cr	89Cr
Interest Capitalized	-	-	-	-	12L
Interest on Long-Term Debt	12L	32L	29L	26L	31L
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	3.08Cr	2.25Cr	2.45Cr	2.66Cr	2.95Cr
Stock-Based Comp., G&A Exp. (Total)	1.12Cr	-	-	-	-
Stock-Based Comp., Other (Total)	-	1.01Cr	44L	80L	1.69Cr
Total Stock-Based Compensation	1.12Cr	1.01Cr	44L	80L	1.69Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	54Cr	119.65Cr	142.19Cr	145.13Cr	67Cr
Total Cash And Short Term Investments	54Cr	119.65Cr	142.19Cr	145.13Cr	67Cr
Accounts Receivable, Total	12Cr	14Cr	11Cr	15Cr	24Cr
Other Receivables	-	-	-	-	1.52Cr
Notes Receivable	3.97Cr	-	-	59L	-
Total Receivables	16Cr	14Cr	11Cr	16Cr	26Cr
Inventory	5L	1L	5L	73L	6L
Prepaid Expenses	1.88Cr	2.21Cr	3Cr	1.06Cr	27L
Other Current Assets, Total	3.33Cr	2.87Cr	5.19Cr	8.99Cr	9.01Cr
Total Current Assets	75Cr	138.31Cr	161.53Cr	171.68Cr	102.14Cr
Gross Property Plant And Equipment	858.28Cr	853.78Cr	792.18Cr	934.28Cr	1.16TCr
Accumulated Depreciation	-342.64Cr	-360.36Cr	-388.81Cr	-523.35Cr	-556.78Cr
Net Property Plant And Equipment	515.64Cr	493.42Cr	403.37Cr	410.93Cr	605.44Cr
Long-term Investments	24Cr	23Cr	25Cr	33Cr	114.13Cr
Loans Receivable Long-Term	-	-	2.48Cr	10Cr	-
Deferred Tax Assets Long-Term	4.94Cr	3.99Cr	3.7Cr	3.08Cr	2.32Cr
Deferred Charges Long-Term	12L	15L	11L	14L	11L
Other Long-Term Assets, Total	1.56Cr	4.09Cr	2.77Cr	4.25Cr	-
Total Assets	620.99Cr	662.68Cr	599.41Cr	633.04Cr	824.14Cr
Liabilities
Accounts Payable, Total	85L	70L	55L	51L	84L
Accrued Expenses, Total	2.51Cr	3.61Cr	2.54Cr	2.36Cr	3.65Cr
Current Income Taxes Payable	96L	71L	83L	3.88Cr	7.81Cr
Total Current Liabilities	4.32Cr	5.02Cr	3.92Cr	6.75Cr	12Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	-	-	-	-	-
Deferred Tax Liability Non Current	14Cr	15Cr	18Cr	24Cr	44Cr
Other Non Current Liabilities	61L	60L	57L	2.83Cr	4.24Cr
Total Liabilities	18Cr	21Cr	22Cr	33Cr	61Cr
Common Stock, Total	562.85Cr	569.53Cr	572.82Cr	576.91Cr	580.34Cr
Additional Paid In Capital	1.61Cr	1.56Cr	2.06Cr	2.3Cr	2.16Cr
Retained Earnings	48Cr	94Cr	21Cr	49Cr	137.98Cr
Comprehensive Income and Other	-10Cr	-23Cr	-19Cr	-28Cr	43Cr
Total Common Equity	602.52Cr	641.76Cr	576.91Cr	599.66Cr	763.53Cr
Total Equity	602.52Cr	641.76Cr	576.91Cr	599.66Cr	763.53Cr
Total Liabilities And Equity	620.99Cr	662.68Cr	599.41Cr	633.04Cr	824.14Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19Cr	19Cr	19Cr	19Cr	19Cr
ECS Total Common Shares Outstanding	19Cr	19Cr	19Cr	19Cr	19Cr
Book Value / Share	31.49	33.44	30.02	31.14	39.6
Tangible Book Value	602.52Cr	641.76Cr	576.91Cr	599.66Cr	763.53Cr
Tangible Book Value Per Share	31.49	33.44	30.02	31.14	39.6
Total Debt	0	0	0	0	0
Net Debt	-54Cr	-119.65Cr	-142.19Cr	-145.13Cr	-67Cr
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	56L	58L	60L	60L	71L
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	73Cr	70Cr	-47Cr	55Cr	111.21Cr
Depreciation & Amortization - CF	30Cr	29Cr	27Cr	23Cr	31Cr
Impairment of Oil, Gas & Mineral Properties - (CF)	-6.8Cr	-	117.33Cr	-	-48L
Depreciation & Amortization, Total	23Cr	29Cr	144.64Cr	23Cr	30Cr
(Gain) Loss From Sale Of Asset	-	-	-37L	-3L	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	80L	82L	55L	54L	63L
Other Operating Activities, Total	2.31Cr	1.54Cr	33L	2.56Cr	10Cr
Change In Accounts Receivable	-2.64Cr	-1.59Cr	2.47Cr	-4.08Cr	-9.01Cr
Change In Inventories	-	-	-	1.56Cr	-
Change In Accounts Payable	-	-	-	-	6.38Cr
Change in Other Net Operating Assets	-1.46Cr	50L	-1.86Cr	4.66Cr	-47L
Cash from Operations	96Cr	100Cr	99Cr	83Cr	149.37Cr
Capital Expenditure	-76Cr	-14Cr	-52Cr	-41Cr	-219.67Cr
Sale (Purchase) of Intangible assets	-	-	70L	1.12Cr	-
Investment in Marketable and Equity Securities, Total	-45L	-4.67Cr	-78L	-5.12Cr	4.96Cr
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	4.27Cr	-1.87Cr	-8.93Cr	11Cr
Cash from Investing	-76Cr	-15Cr	-54Cr	-54Cr	-203.3Cr
Short Term Debt Issued, Total	15Cr	-	-	-	18Cr
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	15Cr	-	-	-	18Cr
Short Term Debt Repaid, Total	-15Cr	-	-	-	-18Cr
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-15Cr	-	-	-	-18Cr
Issuance of Common Stock	4L	95L	29L	28L	77L
Common Dividends Paid	-18Cr	-20Cr	-23Cr	-24Cr	-28Cr
Common & Preferred Stock Dividends Paid	-18Cr	-20Cr	-23Cr	-24Cr	-28Cr
Other Financing Activities, Total	-10L	-9L	-	-8L	-
Cash from Financing	-18Cr	-19Cr	-23Cr	-24Cr	-27Cr
Foreign Exchange Rate Adjustments	-51L	-78L	54L	-2.24Cr	2.63Cr
Net Change in Cash	51L	66Cr	23Cr	2.94Cr	-78Cr
Supplemental Items
Cash Interest Paid	24L	24L	23L	21L	40L
Cash Income Tax Paid (Refund)	9.35Cr	9.51Cr	8.81Cr	7.38Cr	16Cr
Levered Free Cash Flow	-7.32Cr	70Cr	65Cr	24Cr	-106.67Cr
Unlevered Free Cash Flow	-7.24Cr	70Cr	65Cr	25Cr	-106.63Cr
Change In Net Working Capital	9.26Cr	-3.25Cr	1.78Cr	4.38Cr	2.95Cr
Net Debt Issued / Repaid	0	-	-	-	0

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.12	7.99	-4.28	7.34	11.54
Return on Total Capital	9.38	8.24	-4.43	7.69	12.34
Return On Equity %	12.79	11.26	-7.65	9.38	16.32
Return on Common Equity	12.79	11.26	-7.65	9.38	16.32
Margin Analysis
Gross Profit Margin %	86.44	86.69	85.44	88.52	90.89
SG&A Margin	2.37	1.71	2.01	2.41	1.64
EBITDA Margin %	84.18	84.26	83.38	86.1	91.33
EBITA Margin %	66.33	62.48	-35.48	65.66	74.6
EBIT Margin %	66.33	62.48	-35.48	65.66	74.6
Income From Continuing Operations Margin %	56.54	53.33	-38.33	50.09	61.64
Net Income Margin %	56.54	53.33	-38.33	50.09	61.64
Net Avail. For Common Margin %	56.54	53.33	-38.33	50.09	61.64
Normalized Net Income Margin	41.34	39.67	-18.9	43.66	49.26
Levered Free Cash Flow Margin	-5.64	53.26	53.27	22.2	-59.13
Unlevered Free Cash Flow Margin	-5.58	53.31	53.3	22.23	-59.1
Asset Turnover
Asset Turnover	0.22	0.2	0.19	0.18	0.25
Fixed Assets Turnover	0.26	0.26	0.27	0.27	0.36
Receivables Turnover (Average Receivables)	12.17	10.28	9.87	8.39	9.16
Inventory Turnover (Average Inventory)	351.8	582.67	590.67	32.44	41.59
Short Term Liquidity
Current Ratio	17.39	27.55	41.21	25.43	8.3
Quick Ratio	15.26	26.54	39.1	23.75	7.54
Operating Cash Flow to Current Liabilities	22.12	19.91	25.29	12.29	12.14
Days Sales Outstanding (Average Receivables)	29.99	35.5	37	43.63	39.83
Days Outstanding Inventory (Average Inventory)	1.04	0.63	0.62	11.28	8.77
Average Days Payable Outstanding	12.45	16.22	12.84	14.55	15.63
Cash Conversion Cycle (Average Days)	18.57	19.9	24.77	40.37	32.97
Long Term Solvency
Total Debt/Equity	-	-	-	-	-
Total Debt / Total Capital	-	-	-	-	-
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	2.97	3.16	3.75	5.27	7.35
EBIT / Interest Expense	614.79	820.7	-719.5	1.45T	1.92T
EBITDA / Interest Expense	780.21	1.11T	1.69T	1.9T	2.35T
(EBITDA - Capex) / Interest Expense	237	965.4	821.83	1.08T	-784.29
Total Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-0.49	-1.08	-1.4	-1.53	-0.41
Total Debt / (EBITDA - Capex)	-	-	-	-	-
Net Debt / (EBITDA - Capex)	-1.63	-1.24	-2.88	-2.68	1.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	27.55	1.23	-7.36	-9.43	63.68
Gross Profit, 1 Yr. Growth %	30.22	1.52	-8.7	-6.16	68.06
EBITDA, 1 Yr. Growth %	30.1	1.34	-8.33	-6.57	73.62
EBITA, 1 Yr. Growth %	152.78	-4.65	-152.6	-268.03	85.96
EBIT, 1 Yr. Growth %	152.78	-4.65	-152.6	-268.03	85.96
Earnings From Cont. Operations, 1 Yr. Growth %	124.92	-4.51	-166.57	-218.37	101.43
Net Income, 1 Yr. Growth %	124.92	-4.51	-166.57	-218.37	101.43
Normalized Net Income, 1 Yr. Growth %	151.75	-2.81	-144.13	-309.84	84.67
Diluted EPS Before Extra, 1 Yr. Growth %	123.98	-4.7	-166.58	-218.09	100.73
Accounts Receivable, 1 Yr. Growth %	28.27	13.27	-18.2	36.76	59.35
Inventory, 1 Yr. Growth %	0	-80	400	1.36T	-91.78
Net Property, Plant and Equip., 1 Yr. Growth %	11.14	-4.31	-18.25	1.87	47.33
Total Assets, 1 Yr. Growth %	11.03	6.71	-9.55	5.61	30.19
Tangible Book Value, 1 Yr. Growth %	10.68	6.51	-10.11	3.94	27.33
Common Equity, 1 Yr. Growth %	10.68	6.51	-10.11	3.94	27.33
Cash From Operations, 1 Yr. Growth %	18.85	4.62	-0.83	-16.31	80.07
Capital Expenditures, 1 Yr. Growth %	143.28	-81.39	268.62	-21.78	438.41
Levered Free Cash Flow, 1 Yr. Growth %	-117.23	-1.06T	-7.35	-62.35	-535.93
Unlevered Free Cash Flow, 1 Yr. Growth %	-116.99	-1.07T	-7.38	-62.32	-535.19
Dividend Per Share, 1 Yr. Growth %	12.62	10.34	6.25	5.88	5.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	24.16	13.63	-3.16	-8.4	21.76
Gross Profit, 2 Yr. CAGR %	26.65	14.98	-3.72	-7.44	25.59
EBITDA, 2 Yr. CAGR %	27.36	14.82	-3.62	-7.41	27.37
EBITA, 2 Yr. CAGR %	44.85	55.25	-29.18	-6.1	76.77
EBIT, 2 Yr. CAGR %	44.85	55.25	-29.18	-6.1	76.77
Earnings From Cont. Operations, 2 Yr. CAGR %	46.02	46.55	-20.27	-11.23	54.42
Net Income, 2 Yr. CAGR %	46.02	46.55	-20.27	-11.23	54.42
Normalized Net Income, 2 Yr. CAGR %	45.77	56.38	-34.51	-3.9	96.85
Diluted EPS Before Extra, 2 Yr. CAGR %	44.67	46.1	-20.35	-11.33	53.96
Accounts Receivable, 2 Yr. CAGR %	10.68	20.54	-3.74	5.77	47.62
Inventory, 2 Yr. CAGR %	-66.29	-55.28	0	754.4	9.54
Net Property, Plant and Equip., 2 Yr. CAGR %	3.54	3.13	-11.55	-8.74	22.51
Total Assets, 2 Yr. CAGR %	8.44	8.85	-1.75	-2.26	17.26
Tangible Book Value, 2 Yr. CAGR %	9.1	8.58	-2.15	-3.34	15.04
Common Equity, 2 Yr. CAGR %	9.1	8.58	-2.15	-3.34	15.04
Cash From Operations, 2 Yr. CAGR %	24.37	11.5	1.86	-8.9	22.76
Capital Expenditures, 2 Yr. CAGR %	30.7	-32.72	-17.18	69.81	105.22
Levered Free Cash Flow, 2 Yr. CAGR %	3.81	28.31	197.5	-40.86	28.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	-0.62	28.24	199.38	-40.85	28.05
Dividend Per Share, 2 Yr. CAGR %	8.25	11.48	8.28	6.07	5.72
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	25.86	15.99	6.15	-5.29	11.16
Gross Profit, 3 Yr. CAGR %	27.99	17.65	6.47	-4.54	12.92
EBITDA, 3 Yr. CAGR %	28.69	18.02	6.52	-4.58	14.18
EBITA, 3 Yr. CAGR %	65.81	26.01	8.23	-5.62	17.92
EBIT, 3 Yr. CAGR %	65.81	26.01	8.23	-5.62	17.92
Earnings From Cont. Operations, 3 Yr. CAGR %	74.11	26.74	12.66	-9.04	16.65
Net Income, 3 Yr. CAGR %	74.11	26.74	12.66	-9.04	16.65
Normalized Net Income, 3 Yr. CAGR %	65.56	27.32	2.57	-3.54	19.47
Diluted EPS Before Extra, 3 Yr. CAGR %	72.44	25.88	12.43	-9.18	16.42
Accounts Receivable, 3 Yr. CAGR %	16.64	11.54	5.92	8.21	21.25
Inventory, 3 Yr. CAGR %	-	-71.67	0	144.41	81.71
Net Property, Plant and Equip., 3 Yr. CAGR %	4.13	0.85	-4.56	-7.29	7.06
Total Assets, 3 Yr. CAGR %	7.98	7.86	2.34	0.64	7.54
Tangible Book Value, 3 Yr. CAGR %	9.16	8.23	1.95	-0.16	5.96
Common Equity, 3 Yr. CAGR %	9.16	8.23	1.95	-0.16	5.96
Cash From Operations, 3 Yr. CAGR %	26.25	17.4	7.23	-4.6	14.33
Capital Expenditures, 3 Yr. CAGR %	-8.4	-31.76	18.61	-18.74	149.46
Levered Free Cash Flow, 3 Yr. CAGR %	-48.79	117.54	15.11	49.5	15.1
Unlevered Free Cash Flow, 3 Yr. CAGR %	-48.95	112.21	15.06	50.16	15.05
Dividend Per Share, 3 Yr. CAGR %	6.88	8.94	9.71	7.47	5.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.31	14.32	13.33	5.54	12.14
Gross Profit, 5 Yr. CAGR %	17.33	16.4	14.21	6.89	13.74
EBITDA, 5 Yr. CAGR %	17.75	16.84	14.64	7.1	14.44
EBITA, 5 Yr. CAGR %	43.53	28.37	17.99	12.02	31.64
EBIT, 5 Yr. CAGR %	43.53	28.37	17.99	12.02	31.64
Earnings From Cont. Operations, 5 Yr. CAGR %	43.12	29.19	27.39	9.92	27.8
Net Income, 5 Yr. CAGR %	43.12	29.19	27.39	9.92	27.8
Normalized Net Income, 5 Yr. CAGR %	43.51	28.42	14.24	13.77	33.06
Diluted EPS Before Extra, 5 Yr. CAGR %	40.89	28.06	26.61	9.41	27.49
Accounts Receivable, 5 Yr. CAGR %	11	15.54	8.01	9.19	20.96
Inventory, 5 Yr. CAGR %	-28.63	-57.37	-	10.66	3.71
Net Property, Plant and Equip., 5 Yr. CAGR %	6.96	4.54	-2.45	-3.1	5.47
Total Assets, 5 Yr. CAGR %	8.02	6.71	3.98	3.69	8.06
Tangible Book Value, 5 Yr. CAGR %	7.76	6.4	4.49	3.45	7
Common Equity, 5 Yr. CAGR %	7.76	6.4	4.49	3.45	7
Cash From Operations, 5 Yr. CAGR %	15.19	15.39	15.86	6.07	13.19
Capital Expenditures, 5 Yr. CAGR %	0.36	-22.35	-12.02	-1.73	47.69
Levered Free Cash Flow, 5 Yr. CAGR %	-22.83	51.61	3.52	29.2	20.21
Unlevered Free Cash Flow, 5 Yr. CAGR %	-22.96	51.83	3.59	27.31	20.15
Dividend Per Share, 5 Yr. CAGR %	5.92	7.06	7.44	7.78	8.09