Franco Nevada Corp balance sheet

At the end of fiscal 2025, Franco Nevada Corp had total assets of $8.24bn, total liabilities of $606m and shareholders' equity of $7.64bn. It held $671m in cash against $0 of debt: net cash of $671m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Franco Nevada Corp: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	253	511	70	132	534	539	1,197	1,422	1,451	671
Inventory	3	7	—	4	1	1	0	52	97	40
Total current assets	361	616	179	279	664	751	1,383	1,615	1,717	1,021
Total assets	4,222	4,788	4,932	5,281	5,593	6,210	6,627	5,994	6,330	8,241
Total current liabilities	38	23	25	53	53	43	50	39	68	123
Long-term debt	—	—	208	80	—	—	—	—	—	—
Total debt	0	0	210	80	—	0	0	0	0	0
Total liabilities	75	83	300	218	149	185	209	225	334	606
Shareholders' equity	4,147	4,706	4,632	5,062	5,444	6,025	6,418	5,769	5,997	7,635
Net debt (negative = net cash)	−253	−511	140	−52	−534	−539	−1,197	−1,422	−1,451	−671
Shares outstanding	178m	186m	187m	189m	191m	191m	192m	192m	193m	193m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Franco Nevada Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Franco Nevada Corp.