0001104659-26-032133
SEC filingFranco-Nevada Corporation's (FNV) Form 40-F filing, dated March 19, 2026, for the fiscal year ended December 31, 2025, serves as the annual report for this Canadian foreign private issuer listed on U.S. exchanges. Compliant with NI 52-110 and SEC requirements, it provides comprehensive disclosures under IFRS. The filing details revenue streams segmented by streams, revenue-based royalties, profit-based royalties, mining, and interest/other across geographies including the US, Canada, Peru, Panama, Chile, Brazil, South America, Central America/Mexico, and rest of world. Key 2025 activities include acquisition of a royalty on AngloGold Ashanti's Arthur Gold Project (Nov 19), G Mining Ventures term loan (Nov 7), Sumitomo/IAMGOLD Cote Gold Mine transaction (Jun 24), EMX term loan (Nov), and unsecured revolving credit facility extension (Jul 22). Earlier 2024 transactions noted: natural gas royalties in Haynesville (Jan), G Mining Tocantinzinho (Jan 29), SolGold term loan (May 13). Financial highlights encompass equity investments, warrant assets, deferred tax assets/liabilities across categories like royalty/stream/working interests, non-capital losses, and investments. Employee compensation details cover IFRS stock options with exercise price ranges ($75.45-$231.18), time-based and performance-based RSUs, and deferred share units. Fair value measurements span Levels 1-3 for equity investments, warrants, and provisional sales receivables. Risk management addresses currency risk, capital management via credit facilities, and comprehensive income. Subsidiaries include Franco-Nevada U.S. Corporation, Texas LP, and international entities. This filing reflects ongoing portfolio diversification in royalties, streams, loans, and equity stakes, underscoring Franco-Nevada's royalty/stream business model with global exposure.