FRANCO NEVADA Corp
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2025 · Filed Mar 19, 2026
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Contents
EX-99.2 · Outstanding Share Data
Franco-Nevada is authorized to issue an unlimited number of common and preferred shares. A detailed description of the rights, privileges, restrictions and conditions attached to each class of authorized shares is included in our most recent Annual Information Form, a copy of which can be found on SEDAR+ at www.sedarplus.com and in our Form 40-F, a copy of which can be found on EDGAR at www.sec.gov.
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|---|---|
| 2025 Management’s Discussion and Analysis | 37 |
As of March 10, 2026, the number of common shares outstanding or issuable pursuant to other outstanding securities is as follows:
| · · · | ||
|---|---|---|
| Common Shares · · Number · | ||
| Outstanding | 192,798,692 | |
| Issuable upon exercise of Franco-Nevada options(1) | 535,808 | |
| Issuable upon vesting of Franco-Nevada RSUs(2) | 107,257 | |
| Diluted common shares | 193,441,757 | |
| 1 | There were 535,808 stock options under our share compensation plan outstanding to directors, officers, employees and others with exercise prices ranging from C$75.45 to C$231.18 per share. The above table assumes all stock options are exercisable. |
| 2 | There were 33,515 time-based RSUs and 73,742 performance-based RSUs. Vesting of the performance-based RSUs are subject to the achievement of certain performance criteria and a performance multiplier which will range from 0% to 200% of the number granted. The above table assumes a performance multiplier of 100% of performance-based RSUs granted. |
During the year ended December 31, 2025, we did not issue or have any outstanding preferred shares.
Internal Control Over Financial Reporting and Disclosure Controls and Procedures
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