Franco-Nevada Q1 2026 Earnings Call: Complete Transcript

On Wednesday, Franco-Nevada (TSX:FNV) discussed first-quarter fiscal results during its net call. The afloat transcript is provided below.

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Summary

Franco-Nevada Corp reported grounds fiscal results for Q1 2026 with important increases successful revenue, operating currency flow, adjusted EBITDA, and nett income driven by higher commodity prices and caller acquisitions.

The institution completed 4 caller acquisitions, including a golden watercourse with Orzone connected Casabrati and royalty financings successful Nevada and Western Australia, enhancing their portfolio with charismatic assets optionality.

Franco-Nevada Corp's operational highlights included advancement astatine Cobra Panama, wherever ember shipments were received and powerfulness works units restarted, and an ongoing biology audit showed nary worldly deficiencies.

The institution expanded sustainability initiatives, including diverseness scholarships and assemblage acquisition programs, and received an upgrade to AAA successful MSCI ESG rating.

Management highlighted a robust pipeline of concern improvement opportunities with $3.4 cardinal successful disposable capital, expecting stronger fiscal show successful Q2 owed to higher vigor prices and accrued deliveries.

The Q&A league addressed imaginable trends successful acquisitions, operational details of cardinal assets, and fiscal structuring strategies, including further recognition facilities for fiscal flexibility.

Full Transcript

OPERATOR

Good greeting and invited to Franco-Nevada Corp's archetypal 4th 2026 results, league telephone and webcast. This telephone is being recorded connected May 13, 2026. At this time, each lines are successful a perceive lone mode. Following the presentation, we volition behaviour a Q and A league wherever you whitethorn inquire a question done the telephone enactment oregon webcast. If you're joining by webcast, you whitethorn taxable a speechmaking question for the Q and A league astatine immoderate clip during this telephone by typing your question successful the Q and A conception of the webcast platform. If you necessitate contiguous assistance during this call, delight property prima zero astatine immoderate clip for the operator. I would present similar to crook the league implicit to your host, Vincent, VP Finance and Investor Relations. Please spell ahead.

Vincent

Thank you. Vincent Good greeting everyone. Thank you for joining america contiguous to sermon Franco Nevada's archetypal 4th 2026 results. Accompanying this telephone is simply a presumption which is disposable connected our website astatine franco-nevada.com wherever you volition besides find our afloat fiscal results. The presumption is besides disposable to presumption connected the webcast. During our telephone this morning, Paul Brink, President and CEO of Franco Nevada volition supply introductory remarks followed by Sandeep Rana, Chief Financial Officer, who volition supply a little reappraisal of our results. This volition beryllium followed by a Q and A period. Our enforcement squad is disposable to reply immoderate questions. Participants whitethorn taxable questions by telephone oregon via the webcast. We would similar to punctual participants that immoderate of today's commentaries whitethorn incorporate guardant looking information. We notation you to a elaborate cautionary Note connected descent 2 of this presentation. I volition present crook the telephone implicit to Paul Brink, President and CEO of Franco Nevada.