Metals Exploration Ratios and Metrics

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	393	447	92	55	26	30
Market Cap Growth	89.16%	383.47%	69.49%	113.20%	-14.80%	-12.12%
Enterprise Value	363	414	87	93	102	109
Last Close Price	0.13	0.15	0.05	0.03	0.01	0.01
PE Ratio	18.32	20.82	4.52	0.58	3.52	3.60
PS Ratio	2.54	2.89	0.61	0.42	0.25	0.31
PB Ratio	2.09	2.38	0.87	0.52	1.74	4.27
P/TBV Ratio	2.22	2.52	0.87	0.52	1.74	4.30
P/FCF Ratio	18.74	21.30	1.46	1.08	1.03	1.17
P/OCF Ratio	4.91	5.58	1.35	0.93	0.81	0.87
EV/Sales Ratio	2.34	2.67	0.57	0.71	0.99	1.14
EV/EBITDA Ratio	4.04	4.61	1.12	1.50	2.66	3.06
EV/EBIT Ratio	7.93	9.05	2.49	4.39	5.17	5.16
EV/FCF Ratio	17.29	19.71	1.38	1.84	4.09	4.28
Debt / Equity Ratio	-	-	0.05	0.18	4.62	10.78
Debt / EBITDA Ratio	-	-	0.07	0.30	1.78	2.12
Debt / FCF Ratio	-	-	0.09	0.37	2.74	2.97
Net Debt / Equity Ratio	-0.16	-0.16	-0.18	0.18	4.57	10.29
Net Debt / EBITDA Ratio	-0.34	-0.34	-0.25	0.30	1.76	2.02
Net Debt / FCF Ratio	-1.46	-1.46	-0.31	0.37	2.71	2.83
Asset Turnover	0.84	0.84	1.08	1.10	0.99	0.95
Inventory Turnover	7.66	7.66	7.11	6.57	4.77	5.78
Quick Ratio	1.81	1.81	1.29	0.13	0.21	0.30
Current Ratio	2.34	2.34	1.84	0.60	0.71	0.81
Return on Equity (ROE)	14.82%	14.82%	19.12%	157.22%	64.16%	268.47%
Return on Assets (ROA)	15.47%	15.47%	15.39%	11.15%	11.84%	13.10%
Return on Invested Capital (ROIC)	18.45%	24.34%	24.25%	20.96%	22.98%	25.51%
Return on Capital Employed (ROCE)	21.20%	21.20%	30.90%	19.10%	30.50%	30.20%
Earnings Yield	5.46%	4.80%	22.10%	171.62%	28.39%	27.77%
FCF Yield	5.34%	4.70%	68.61%	92.55%	97.18%	85.16%
Buyback Yield / Dilution	-49.01%	-48.52%	5.07%	-0.74%	-1.24%	4.44%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.