Peru was Franco Nevada’s largest region in fiscal 2025, bringing in $384.40M of $1.82B (21%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Peru | $186.00M | $194.30M | $223.70M | $384.40M | ||||||
| United States | $327.50M | $208.00M | $205.00M | $266.10M | ||||||
| Canada | $205.90M | $177.10M | $192.80M | $354.00M | ||||||
| Rest Of World | $122.50M | $146.40M | $178.60M | $235.60M | ||||||
| Panama | $223.30M | $248.90M | $100.00K | $38.30M | ||||||
| Chile | $128.80M | $136.10M | $168.90M | $251.60M | ||||||
| Other | $81.00M | $73.10M | $92.30M | $145.30M | ||||||
| Other Latin America Other Than Peru, Chile & Panama | — | — | — | — | ||||||
| Brazil | $40.70M | $35.10M | $52.20M | $147.50M | ||||||
| Other Latin America Other Than Peru & Chile | — | — | — | — | ||||||
| Total | $1.32B | $1.22B | $1.11B | $1.82B |
Franco Nevada brought in $1.82B from its eight regions in fiscal 2025, the year ended December 31, 2025. That was up 63.7% from $1.11B in fiscal 2024. Peru was the largest at $384.40M (21.1%), ahead of Canada at $354.00M (19.4%) and United States at $266.10M (14.6%). The other five regions brought in $818.30M combined.
Compared with fiscal 2024, Panama grew fastest, up 38,200.0% to $38.30M. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $1.32B to $1.82B, a compound annual growth rate of 11.5%. Peru's share of the total rose from 14.1% to 21.1%.
Streams was Franco Nevada’s largest revenue line in fiscal 2025, bringing in $990.20M of $1.82B (54%).
| Sales channels [axis] | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Streams | $690.00M | $726.70M | $567.90M | $990.20M | |||||
| Revenue-Based Royalties | $496.00M | $380.00M | $440.10M | $638.90M | |||||
| Profit-Based Royalties | $87.10M | $64.90M | $57.80M | $143.90M | |||||
| Interest Revenue & Other | — | $47.40M | $47.80M | $49.80M | |||||
| Other | $42.60M | — | — | — | |||||
| Total | $1.32B | $1.22B | $1.11B | $1.82B |
Franco Nevada brought in $1.82B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 63.7% from $1.11B in fiscal 2024. Streams was the largest at $990.20M (54.3%), ahead of Revenue-Based Royalties at $638.90M (35.1%) and Profit-Based Royalties at $143.90M (7.9%). The remaining revenue line, Interest Revenue & Other, brought in $49.80M.
Compared with fiscal 2024, Profit-Based Royalties grew fastest, up 149.0% to $143.90M. Every revenue line above 2% of revenue grew.
Franco Nevada began breaking out Interest Revenue & Other in fiscal 2023, when it brought in $47.40M. Franco Nevada stopped reporting Other as a separate revenue line after fiscal 2022, when it brought in $42.60M.
Precious Metals was Franco Nevada’s largest segment in fiscal 2025, bringing in $1.56B of $1.82B (86%).
| Segments [axis] | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Precious Metals | — | — | $861.90M | $1.56B | |||||
| Mining | $982.10M | $950.90M | — | — | |||||
| Energy | $333.60M | $207.70M | $193.00M | $203.80M | |||||
| Other Mining | — | $60.40M | $58.70M | $56.10M | |||||
| Total | $1.32B | $1.22B | $1.11B | $1.82B |
Franco Nevada brought in $1.82B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 63.7% from $1.11B in fiscal 2024. Precious Metals was the largest at $1.56B (85.7%), ahead of Energy at $203.80M (11.2%) and Other Mining at $56.10M (3.1%).
Compared with fiscal 2024, Precious Metals grew fastest, up 81.3% to $1.56B, while Other Mining fell the most, down 4.4% to $56.10M.
Franco Nevada began breaking out Precious Metals in fiscal 2024 and Other Mining in fiscal 2023. Franco Nevada stopped reporting Mining as a separate segment after fiscal 2023, when it brought in $950.90M.
Franco Nevada (FNV) reports its revenue by geography, by sales channels [axis] and by segments [axis]. In fiscal 2025, Peru was its largest region, bringing in $384.40M (21.1% of the total), followed by Canada at $354.00M (19.4%).
Peru was Franco Nevada's largest region in fiscal 2025, bringing in $384.40M, or 21.1% of the $1.82B total across its eight regions.
Streams was Franco Nevada's largest revenue line in fiscal 2025, bringing in $990.20M, or 54.3% of the $1.82B total across its four revenue lines.
Precious Metals was Franco Nevada's largest segment in fiscal 2025, bringing in $1.56B, or 85.7% of the $1.82B total across its three segments.
Among Franco Nevada's regions that make up at least 2% of revenue, Panama grew fastest in fiscal 2025, up 38,200.0% from $100.00K to $38.30M.
Every figure comes from Franco Nevada's annual financial filings, as reported. Each line keeps the name Franco Nevada gives it, and years follow its fiscal calendar.
Franco Nevada's revenue by geography goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.