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Franco-Nevada

FNV · Materials

Last earnings Aug 12, 2026

Key results

Revenuequarter

$369.4 million

revenue of $369.4 million, an increase of 42% from Q2 2024, and sold 112,093 GEOs, an increase of 2% from Q2 2024.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Precious Metal assets accounted for 82% of our revenue (70% gold, 10% silver, and 2% PGM).

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Revenue was sourced 86% from the Americas (38% South America, 12% Central America & Mexico, 20% Canada and 16% U.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Gross marginquarter

7.5%

The royalty consists of a 7.5% gross margin royalty on the C t Gold Mine.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

5 Diversified assets: Our Diversified assets, primarily comprising our Iron Ore and Energy interests, generated $62.7 million in revenue, compared to $64.6 million in Q2 2024.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Growthquarter

up 42.0%

Second Quarter 2025 Management s Discussion and Analysis 12 We recognized $369.4 million in revenue in Q2 2025, up 42.0% from Q2 2024, reflecting record gold prices during the quarter, and contributions from Precious Metal assets which were acquired or commenced production in the past year.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Revenue also includes interest revenue of $2.7 million related to our loans receivable.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Diversified Our Diversified assets, primarily comprising our Iron Ore and Energy interests, generated $62.7 million in revenue, 2.9% lower than in Q2 2024.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

AI analysis

Q2 2025 · reported Aug 11, 2025

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Revenue · Q2 2025
$369.4M
EX-99 · Aug 11, 2025
Gross margin · Q2 2025
7.5%
EX-99 · Aug 11, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Revenue$369.4 million——
Gross margin7.5%——
Growthup 42.0%——

EX-99 · Aug 11, 2025

Guidance · company-stated

Direction: Lowered

Company outlook

“dollars unless otherwise noted) Franco-Nevada Reports Record Q2 2025 Results Acquisitions Increase Growth Outlook I am very pleased with our record financial results this quarter, stated Paul Brink, CEO.”

Company outlook

“Greenstone (3% royalty) In June 2025, Equinox announced that it was reducing its 2025 guidance for Greenstone to between 220,000 and 260,000 gold ounces, from 300,000 to 350,000 gold ounces previously, due to slower than planned ramp-up.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Gross margin7.5%

Capital allocation

DividendUS$0.38

Funding of the transaction was completed with cash on hand, and a $175.0 million draw from our $1.0 billion revolving credit facility.

Company-stated claims

Aug 12, 2026

Forward-looking · double · production_deliveries

“In June 2026, Discovery acquired Glencore s Kidd Operations, providing Discovery with the potential to double production from the Timmins complex to 500,000 gold ounces annually.”

EX-99 · Aug 12, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Toronto, August 11, 2025 (in U.S

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

Direction: Lowered

Company outlook: “dollars unless otherwise noted) Franco-Nevada Reports Record Q2 2025 Results Acquisitions Increase Growth Outlook I am very pleased with our record financial results this quarter, stated Paul Brink, CEO.”

Company outlook: “Greenstone (3% royalty) In June 2025, Equinox announced that it was reducing its 2025 guidance for Greenstone to between 220,000 and 260,000 gold ounces, from 300,000 to 350,000 gold ounces previously, due to slower than planned ramp-up.”

Company outlook — Raised (“Increase”)
“dollars unless otherwise noted) Franco-Nevada Reports Record Q2 2025 Results Acquisitions Increase Growth Outlook I am very pleased with our record financial results this quarter, stated Paul Brink, CEO.”

Company outlook — Reiterated (“remains unchanged”)
“While annual production guidance provided by Teck remains unchanged, we expect deliveries of silver ounces in Q3 2025 to be lower than initially anticipated.”

Company outlook — Lowered (“reducing”)
“Greenstone (3% royalty) In June 2025, Equinox announced that it was reducing its 2025 guidance for Greenstone to between 220,000 and 260,000 gold ounces, from 300,000 to 350,000 gold ounces previously, due to slower than planned ramp-up.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Funding of the transaction was completed with cash on hand, and a $175.0 million draw from our $1.0 billion revolving credit facility.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

We also committed to a $100.0 million senior secured term loan and provided $48.6 million (C$70.9 million) of equity financing.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

No draws have been made against the term loan facility.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Dividend Declaration Franco-Nevada is pleased to announce that its Board of Directors has declared a quarterly dividend of US$0.38 per share.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

The dividend will be paid on September 25, 2025, to shareholders of record on September 11, 2025 (the Record Date ).

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

The dividend has been declared in U.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Strategy & priorities

Areas of focus include the sustainability-related performance of operators of our top producing assets, our recent community contributions, our diversity and inclusion initiatives, tracking progress against recently adopted emissions reduction targets, and our alignment with leading sustainability standards and frameworks.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

We continued to strengthen our community engagement and contributions through operator partnerships, including support for SolGold s waste management initiative at Cascabel, construction of a community dome project near the Guadalupe project with Coeur Mining, and a bursary program for Webequie and Marten Falls First Nations in partnership with Wyloo.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Magna has undertaken initiatives aimed at improving operations at McCreedy West and initiated drilling programs at both McCreedy West and Levack.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Agnico Eagle continues to focus on asset optimization, with construction of the new paste plant continuing in Q2 2025 with commissioning scheduled in Q3 2025.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Alamos anticipates releasing an expansion study later this year which is expected to include a larger mineral reserve and a potential further expansion of up to 20,000 tonnes per day.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Risks & headwinds

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Franco-Nevada to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Accordingly, investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein .

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

For additional information with respect to risks, uncertainties and assumptions, please refer to Franco-Nevada s most recent Annual Information Form as well as Franco-Nevada s most recent Management s Discussion and Analysis filed with the Canadian securities regulatory authorities on www.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Gold prices reached record highs during the first half of 2025 reflecting strong safe haven demand and increasing concerns of a global recession due to escalating tariffs and trade wars.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

During this same time period, oil prices fell due to tariff-related volatility, higher OPEC+ production, and U.

SEC original ↗Franco-Nevada — Earnings release (6-K exhibit)EX-99Aug 11, 2025

Documents

Earnings deck slides

0 decks with slide view

Franco-Nevada — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Franco-Nevada — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) MaterialsArcelorMittal (MT) Materials

Filings

110 documents

Earnings releases

60 documents

Presentations

2 documents

Transcripts

0 documents

No transcripts for Franco-Nevada are held in this edition of the library.

Mentioned by

7 companies

Other tracked companies whose held documents mention Franco-Nevada by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.