Franco-Nevada Corporation reported $580.9 million in revenue and $354.0 million in net income for the second quarter of 2026, according to financial results published by the company. The Canada-based royalty and streaming firm stated that gold equivalent ounces (GEOs) sold climbed 18% year-over-year, driven by stronger metal and oil prices alongside contributions from newly acquired mining assets.
Q2 Financial Performance and Revenue Growth
According to Franco-Nevada’s second-quarter financial report, revenue reached $580.9 million for the period ending June 30, 2026, marking a 57% increase compared to the $366.7 million reported in the second quarter of 2025. Net income grew 43% to $354.0 million, or $1.84 per basic share, up from $247.1 million, or $1.28 per basic share, during the same period a year earlier. Operating cash flow rose 12% to $482.5 million, while Adjusted EBITDA increased 45% to $529.7 million, according to company data.
The company sold 132,405 GEOs during the quarter, compared to 112,093 GEOs in the second quarter of 2025. Precious metals revenue totaled $498.7 million from 114,111 GEOs sold, led by 91,224 ounces of gold generating $403.0 million. Diversified assets, including oil, gas, and iron ore, contributed $82.2 million in revenue.
Half-Year Records and Asset Contributions
For the first six months of 2026, Franco-Nevada posted record financial metrics, with revenue totaling $1,231.6 million, a 67% increase over the $732.2 million reported in the first half of 2025. Net income for the six-month period reached $822.6 million, or $4.27 per share, compared to $456.9 million, or $2.37 per share, in the prior year. Operating cash flow for the first half hit a record $1,002.9 million, up 39% year-over-year.
According to PR Newswire coverage of the earnings release, financial results benefited from strong year-over-year pricing for precious metals and oil, alongside robust production from assets such as Antapaccay, Antamina, South Arturo, and Musselwhite. Additional revenue came from incremental contributions from Côté Gold, Casa Berardi, Valentine, and Porcupine, which were acquired or started production over the preceding year.
Cobre Panamá Updates and 2026 Guidance
President and CEO Paul Brink stated that the company is tracking toward the upper half of its annual guidance range for 2026. Brink attributed this outlook to elevated oil prices and anticipated deliveries resulting from the processing of stockpiles at the Cobre Panamá mine.
During the quarter, the Government of Panama permitted the processing of existing stockpiles at Cobre Panamá to begin and established a ministerial commission to evaluate the future of the mine. Franco-Nevada reported $4.3 billion in available capital as of June 30, 2026, which Brink noted positions the firm to pursue additional deal opportunities.