Franco-Nevada(US:FNV)2025-11-04 16:00Financial Performance - Revenue increased by 76.9% from $275.7 million in Q3 2024 to $487.7 million in Q3 2025[15] - Adjusted EBITDA increased by 80.9% from $236.2 million in Q3 2024 to $427.3 million in Q3 2025[15] - Net income increased by 88.3% from $152.7 million in Q3 2024 to $287.5 million in Q3 2025[15] - Adjusted net income increased by 78.7% from $153.9 million in Q3 2024 to $275.0 million in Q3 2025[15] - Gold Equivalent Ounces (GEOs) increased by 26% from 110,110 in Q3 2024 to 138,772 in Q3 2025[15] Commodity Prices - Average gold price increased by 39.5% from $2,477/oz in Q3 2024 to $3,456/oz in Q3 2025[11, 15] - Silver price increased by 33.9% from $29.42/oz in Q3 2024 to $39.38/oz in Q3 2025[11] - Platinum price increased by 43.8% from $963/oz in Q3 2024 to $1,385/oz in Q3 2025[11] - Palladium price increased by 20.7% from $970/oz in Q3 2024 to $1,171/oz in Q3 2025[11] Guidance and Capital - Updated 2025 GEOs guidance is 495,000 - 525,000 and precious metal GEOs guidance is 420,000 - 440,000[25] - Available capital as of September 30, 2025, is approximately $1.85 billion, including $236.7 million in cash, ~$625 million in marketable securities, and ~$1 billion in corporate revolver/credit facility[27]