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Dec 31, 2024
FNV Q4 2024 Earnings Report
Franco-Nevada reported strong Q4 2024 results, with revenue increasing 6% year-over-year despite lower gold equivalent ounces (GEOs) sold. Net income rebounded from a loss in Q4 2023 to $175.4 million.
Key Takeaways
Franco-Nevada reported Q4 2024 revenue of $321.0 million, representing a 6% increase from Q4 2023, driven by elevated gold prices. The company achieved net income of $175.4 million, a significant improvement from the prior year’s loss. Adjusted net income rose to $183.3 million, while Adjusted EBITDA reached $277.4 million. GEO sales declined 21% year-over-year, primarily due to the halt in production at Cobre Panama.
Revenue increased by 6% year-over-year to $321.0 million.
Net income rebounded to $175.4 million from a prior-year loss.
GEO sales declined 21% due to Cobre Panama production halt.
Adjusted EBITDA reached $277.4 million, up 9% from Q4 2023.
FNV
FNV
FNV Revenue by Segment
FNV Revenue by Geographic Location
Revenue by Segment
Gold Revenue
CapyFin.comSilver Revenue
CapyFin.comPGM Revenue
CapyFin.comIron ore Revenue
CapyFin.comOil Revenue
CapyFin.comGas Revenue
CapyFin.comNGL Revenue
CapyFin.comRevenue by Geographic Location
South America Revenue
CapyFin.comCentral America & Mexico Revenue
CapyFin.comCanada Revenue
CapyFin.comU.S. Revenue
CapyFin.com Forward Guidance
Franco-Nevada expects revenue to increase by more than 25% in 2025, supported by higher gold prices and contributions from new acquisitions. GEO sales are forecasted to rise, particularly in the Precious Metals segment. The company remains debt-free and well-capitalized for future growth.
Positive Outlook
- 2025 revenue expected to be 25% higher than 2024.
- Projected 14% increase in Precious Metal GEO sales.
- New acquisitions to drive future revenue growth.
- Continued strong financial position with no debt.
- Dividend increase of 5.6% to $0.38 per share.
Challenges Ahead
- Cobre Panama remains halted, impacting GEO sales.
- Lower oil and gas prices could affect diversified revenue.
- Lower expected contribution from some diversified assets.
- Tax rate projected to increase to 19-21%.
- Potential volatility in commodity prices may impact earnings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income