NYSE$FNV
Franco-Nevada Corp · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
Franco-Nevada reported Q2 2025 record revenue of $369.4M with net income of $247.1M and diluted EPS of $1.28.
Revenue reached a record $369.4M (+42% YoY) on higher gold prices and portfolio performance. Net income was $247.1M, or $1.28 per share; adjusted net income was $238.5M, or $1.24 per share. Operating cash flow hit a record $430.3M as GEO sales rose modestly with strong precious-metal pricing.
- Record Q2 revenue $369.4M (+42% YoY).
- Net income $247.1M; diluted EPS $1.28.
- Record operating cash flow $430.3M.
- Royalties on Côté Gold and Arthur Project expand growth pipeline.
- Quarterly dividend $0.38/share; $1.1B available capital.
Headline financials
Revenue & EPS history
FNV · Revenue · Quarterly
$369M
Revenue by segment
FNV · $242M total across 8 segments · Q3 2023
- Gold$140M—58.0%
- Oil$38.2M—15.8%
- Silver$23.4M—9.7%
- Iron Ore$12.8M—5.3%
- Gas$9.9M—4.1%
- PGM$9.7M—4.0%
- NGL$4.6M—1.9%
- Other Mining Assets$3.2M—1.3%
Forward guidance
Commodity-linked issuers emphasize metal prices, production volumes, and royalty/stream growth.
Tailwinds
- Precious-metal price tailwinds on royalty revenue.
- New mine contributions and GEO growth.
- Balance sheet optionality for acquisitions.
Headwinds
- Gold/copper price reversals.
- Operator execution and jurisdictional risk.
- Cost inflation at underlying mines.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
+0.7%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+0.3%
Avg return
30 days after
57%
30 / 53 earnings
Positive
+8.7%
Q2 2015
Best reaction
-9.2%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +1.2% | -7.5% | -12.9% | |
| Q3 2025 | -1.6% | +2.3% | +8.0% | |
| Q2 2025 | +2.5% | +3.4% | +15.8% | |
| Q1 2025 | +0.2% | -7.2% | -1.8% | |
| Q2 2024 | -5.6% | -1.7% | +0.9% | |
| Q4 2023 | +0.0% | +5.1% | +8.8% | |
| Q3 2023 | -2.0% | -3.8% | -11.5% | |
| Q2 2023 | +0.7% | +3.0% | +1.2% | |
| Q1 2023 | +1.8% | +3.1% | -3.0% | |
| Q4 2022 | -0.1% | +5.6% | +14.1% | |
| Q3 2022 | +5.6% | +11.6% | +12.5% | |
| Q2 2022 | -0.8% | +0.4% | -4.4% | |
| Q1 2022 | -0.3% | -7.0% | -5.6% | |
| Q4 2021 | -0.9% | -5.2% | +2.8% | |
| Q3 2021 | -0.1% | +1.2% | -6.3% | |
| Q2 2021 | +1.4% | +0.4% | -7.3% | |
| Q1 2021 | +2.9% | +4.4% | +7.2% | |
| Q4 2020 | +6.3% | +9.8% | +21.0% | |
| Q3 2020 | +6.2% | +0.9% | -7.5% | |
| Q2 2020 | -4.0% | -6.3% | -10.6% | |
| Q1 2020 | -0.8% | -3.2% | -11.6% | |
| Q4 2019 | -9.2% | -26.1% | -11.6% | |
| Q3 2019 | +2.4% | +3.6% | +3.1% | |
| Q2 2019 | +5.0% | +4.3% | +6.9% | |
| Q1 2019 | +2.6% | +6.6% | +8.9% | |
| Q4 2018 | -2.0% | +0.4% | -5.9% | |
| Q3 2018 | +0.5% | -0.4% | +8.8% | |
| Q2 2018 | +1.4% | -0.1% | -14.3% | |
| Q1 2018 | -0.2% | -2.3% | -5.1% | |
| Q4 2017 | -5.2% | -3.8% | -5.0% | |
| Q3 2017 | +4.9% | +5.5% | -1.8% | |
| Q2 2017 | +3.8% | +7.0% | +16.7% | |
| Q1 2017 | +2.8% | +5.4% | +10.6% | |
| Q4 2016 | -0.9% | +1.3% | +5.4% | |
| Q3 2016 | -3.3% | -15.1% | -15.7% | |
| Q2 2016 | +2.8% | +0.9% | -1.4% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | +6.0% | — | — | |
| Q3 2015 | +1.5% | — | — | |
| Q2 2015 | +8.7% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | -2.4% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | +5.5% | — | — | |
| Q1 2013 | +1.8% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q2 2011 | -1.3% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2010 | +3.7% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q2 2010 | -3.7% | — | — | |
| Q1 2010 | +1.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro