Q: Comments on FNV results please
5i Research Answer:
EPS of 80c missed estimates of 83c; revenue of $275.7M missed estimates of $277M. EBITDA of $236M missed estimates by 3%. Revenue fell 11%. EPS fell from 91c last year. EBITDA fell 7.4%. Guidance was muted as Lundin Mining has reduced its production guidance on lower grades. Disappointing results/guidance but hardly a disaster here. Good EPS growth is still predicted in 2025 and the company is debt-free with $1.3B cash.