Lithium Royalty Ratios and Metrics

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	Mar '26 Mar 9, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019
Market Capitalization	570	327	492	-	-	-	Upgrade
Market Cap Growth	103.60%	-33.56%	-	-	-	-	Upgrade
Enterprise Value	537	323	479	-	-	-	Upgrade
Last Close Price	10.39	5.89	8.88	-	-	-	Upgrade
Forward PE	144.35	-	59.20	-	-	-	Upgrade
PS Ratio	228.39	75.21	67.53	-	-	-	Upgrade
PB Ratio	2.88	1.53	2.49	-	-	-	Upgrade
P/TBV Ratio	17.12	7.71	60.33	-	-	-	Upgrade
EV/Sales Ratio	215.04	74.13	65.62	-	-	-	Upgrade
Debt / Equity Ratio	0.00	0.00	-	-	-	-	Upgrade
Net Debt / Equity Ratio	-0.19	-0.04	-0.08	-0.25	-0.15	-0.15	Upgrade
Net Debt / EBITDA Ratio	5.92	2.56	16.33	36.57	-19.15	-15.12	Upgrade
Net Debt / FCF Ratio	11.99	6.88	1.56	16.95	-19.27	-89.18	Upgrade
Asset Turnover	0.01	0.02	0.04	0.01	0.03	0.03	Upgrade
Quick Ratio	15.57	2.58	6.80	5.19	20.25	28.33	Upgrade
Current Ratio	16.24	12.24	7.51	5.53	20.86	28.33	Upgrade
Return on Equity (ROE)	-3.01%	-1.78%	-3.42%	11.62%	16.63%	0.81%	Upgrade
Return on Assets (ROA)	-2.07%	-1.25%	-0.68%	-0.97%	-0.23%	-0.73%	Upgrade
Return on Invested Capital (ROIC)	-4.29%	-2.19%	-1.36%	-1.88%	-0.42%	-0.81%	Upgrade
Return on Capital Employed (ROCE)	-3.50%	-2.10%	-1.10%	-1.40%	-0.30%	-1.20%	Upgrade
Earnings Yield	-1.08%	-1.20%	-1.35%	-	-	-	Upgrade
FCF Yield	-0.55%	-0.40%	-2.02%	-	-	-	Upgrade
Buyback Yield / Dilution	0.22%	-3.55%	-21.45%	-60.23%	-71569.57%	-5.81%	Upgrade

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