Franco Nevada Corp income statement
In fiscal 2025, Franco Nevada Corp reported revenue of $1.82bn, up 63.7% on the year before, operating income of $1.35bn (a 74.3% margin) and net income of $1.11bn, or $5.76 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 610 | 675 | 653 | 844 | 1,020 | 1,300 | 1,316 | 1,219 | 1,114 | 1,823 |
| Cost of revenue | 380 | 415 | 366 | 408 | 400 | 478 | 463 | 452 | 354 | 476 |
| Gross profit | 231 | 260 | 287 | 436 | 620 | 822 | 853 | 767 | 759 | 1,347 |
| General and administrative | 21 | 21 | — | — | — | — | — | — | 1 | 2 |
| Operating income | 155 | 235 | 189 | 410 | 337 | 861 | 821 | −428 | 727 | 1,354 |
| Interest expense | — | — | 2 | 7 | 0 | 0 | — | — | — | — |
| Income before tax | 168 | 236 | 189 | 406 | 340 | 858 | 834 | −364 | 764 | 1,416 |
| Income tax | 46 | 41 | 50 | 62 | 13 | 124 | 133 | 102 | 212 | 304 |
| Net income | 122 | 195 | 139 | 344 | 326 | 734 | 701 | −466 | 552 | 1,112 |
| Diluted EPS | $0.69 | $1.06 | $0.75 | $1.83 | $1.71 | $3.83 | $3.65 | −$2.43 | $2.87 | $5.76 |
| Diluted shares (average) | 176m | 183m | 186m | 188m | 191m | 192m | 192m | 192m | 193m | 193m |
| EBITDA | 429 | 508 | 437 | 673 | 578 | 1,160 | 1,107 | −155 | 952 | 1,661 |
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