Nickel 28 Capital Ratios and Metrics

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

Millions CAD. Fiscal year is Feb - Jan.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020	2019 - 2017
Period Ending	Mar '26 Mar 9, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Dec '20 Dec 31, 2020	2019 - 2017
Market Capitalization	92	71	69	88	107	40	Upgrade
Market Cap Growth	31.52%	2.25%	-21.15%	-17.83%	170.31%	4.40%	Upgrade
Enterprise Value	129	111	124	183	202	169	Upgrade
Last Close Price	1.06	0.80	0.73	0.96	1.18	0.47	Upgrade
PE Ratio	-	-	-	10.81	8.16	12.14	Upgrade
Forward PE	-	30.74	30.74	1.71	2.44	-	Upgrade
PB Ratio	0.81	0.60	0.60	0.73	1.01	0.45	Upgrade
P/TBV Ratio	0.81	0.60	0.60	0.73	1.01	0.45	Upgrade
Debt / Equity Ratio	0.44	0.44	0.51	0.62	0.88	1.55	Upgrade
Net Debt / Equity Ratio	0.32	0.35	0.42	0.59	0.83	1.46	Upgrade
Net Debt / FCF Ratio	-25.22	-4.99	-4.34	-7.49	-13.17	-31.69	Upgrade
Quick Ratio	1.20	1.71	1.16	0.57	0.58	0.43	Upgrade
Current Ratio	1.21	1.72	1.17	0.57	0.59	1.43	Upgrade
Return on Equity (ROE)	-5.33%	-2.28%	-6.97%	7.01%	-	3.80%	Upgrade
Return on Assets (ROA)	-0.80%	-2.40%	-4.71%	-3.16%	-	-1.29%	Upgrade
Return on Invested Capital (ROIC)	-1.56%	-4.48%	-8.37%	-2.95%	-4.22%	-2.14%	Upgrade
Return on Capital Employed (ROCE)	-1.40%	-4.20%	-8.40%	-6.00%	-5.80%	-2.40%	Upgrade
Earnings Yield	-6.84%	-3.93%	-11.92%	9.25%	12.25%	8.24%	Upgrade
FCF Yield	-	-11.64%	-16.13%	-10.81%	-6.26%	-10.20%	Upgrade
Buyback Yield / Dilution	5.98%	0.50%	-1.22%	-4.79%	-4.32%	-182.54%	Upgrade

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