Franco-Nevada Corp (NYSE:FNV) stock rose 1.19% (As on March 11, 11:18:52 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the fourth quarter of FY25. Subsequent to year-end, the company has agreed to acquire a portfolio of six royalties previously held by Victoria Gold Corp. for total cash consideration of C$55 million (approximately $40.1 million). Subsequent to year-end, the company agreed to acquire, through a wholly-owned Australian subsidiary, a A$170 million (approximately $120 million) gross royalty from Minerals 260 Limited to support its development of the Bullabulling gold project located in Western Australia. Subsequent to year-end, the company agreed to acquire, through a wholly-owned U.S. subsidiary, a $250 million NSR from i-80 Gold. Subsequent to year-end, the company agreed to acquire, through a wholly-owned Canadian subsidiary, a $100 million gold stream from Orezone Gold Corporation to support their acquisition of Hecla Mining’s producing Casa Berardi gold mine and other Quebec assets, including the Heva-Hosco gold project.

FNV in the fourth quarter of FY25 has reported the adjusted earnings per share of $1.85, beating the analysts’ estimates for the adjusted earnings per share of $1.67, according to analysts polled by FactSet. The company had reported the adjusted revenue growth of 86 percent to $597.3 million in the fourth quarter of FY25, beating the analysts’ estimates for revenue of $539.8 million. The company sold 141,656 GEOs, an increase of 18% from Q4 2024. The company benefited from record gold and silver prices during the quarter, strong production from Antamina and South Arturo, and contributions from Precious Metal assets which were acquired or commenced production over the past year. Revenue from the Diversified assets was lower than in Q4 2024, due to lower oil prices. The outperformance of the gold price relative to the other commodities also resulted in a reduction in GEOs reported from the Diversified assets. Precious Metal assets accounted for 90% of the revenue in Q4 2025 (71% gold, 17% silver, and 2% PGM). Revenue was sourced 89% from the Americas (44% South America, 21% Canada, 15% U.S. and 9% Central America & Mexico).

Franco-Nevada Corporation provided earnings guidance for the full year of 2026. For the year, the company expects Precious Metal GEO sales of 360,000 GEOs to 400,000 GEOs. Total GEO sales of 510,000 to 570,000 GEOs. 2026 diversified revenue to be in range of $245 Million to $285 million.