Gold Royalty Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	2020
Period Ending	Dec '25 Dec 3, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	2020
Market Capitalization	635	198	193	314	373	313	Upgrade
Market Cap Growth	198.79%	2.29%	-38.34%	-15.83%	19.15%	-	Upgrade
Enterprise Value	674	243	206	309	365	239	Upgrade
Last Close Price	3.77	1.16	1.32	2.06	2.76	4.32	Upgrade
PS Ratio	51.54	20.28	70.16	83.98	92.68	1888.63	Upgrade
PB Ratio	1.33	0.37	0.41	0.63	0.68	1.61	Upgrade
P/TBV Ratio	1.33	0.37	0.41	0.63	0.68	1.61	Upgrade
P/OCF Ratio	102.75	80.56	-	-	-	-	Upgrade
EV/Sales Ratio	54.24	24.87	74.67	82.83	90.84	1443.05	Upgrade
Debt / Equity Ratio	0.09	0.09	0.06	0.02	0.02	0	Upgrade
Asset Turnover	0.02	0.01	0.00	-	0.01	0.00	Upgrade
Quick Ratio	1.57	1.07	0.71	2.60	2.12	1.65	Upgrade
Current Ratio	2.03	1.52	1.44	2.90	2.35	1.92	Upgrade
Return on Equity (ROE)	-1.14%	-0.63%	-5.07%	-	-4.56%	-13.33%	Upgrade
Return on Assets (ROA)	-0.03%	-0.35%	-0.80%	-	-2.25%	-5.63%	Upgrade
Return on Capital (ROIC)	-0.03%	-0.43%	-1.00%	-	-2.83%	-6.98%	Upgrade
Return on Capital Employed (ROCE)	0.00%	-0.50%	-1.30%	-1.80%	-2.60%	-4.60%	Upgrade
Earnings Yield	-0.86%	-1.67%	-12.51%	-3.79%	-4.75%	-4.14%	Upgrade
FCF Yield	0.62%	-21.26%	-16.64%	-10.49%	-10.66%	-5.89%	Upgrade
Dividend Yield	-	-	0.69%	-	1.48%	-	Upgrade
Buyback Yield / Dilution	-11.05%	-10.22%	-5.81%	-6.67%	-282.15%	-	Upgrade
Total Shareholder Return	-11.05%	-10.22%	-5.13%	-6.67%	-280.68%	-	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.