Horseshoe Metals Ratios and Metrics

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

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 22, 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	19	32	9	4	12	5
Market Cap Growth	74.67%	244.69%	139.40%	-68.06%	159.53%	53.35%
Enterprise Value	21	35	11	5	13	6
Last Close Price	0.03	0.04	0.01	0.01	0.02	0.01
PS Ratio	74.87	127.97	168.75	450.67	565.02	50.14
PB Ratio	-13.79	-23.58	-7.44	-6.92	-7.92	-2.55
EV/Sales Ratio	83.53	138.78	200.42	592.96	589.05	69.48
Debt / Equity Ratio	-1.63	-1.63	-2.28	-3.01	-1.04	-0.89
Net Debt / Equity Ratio	-1.60	-1.60	-2.26	-2.96	-1.02	-0.14
Net Debt / EBITDA Ratio	-1.47	-1.47	-3.58	-1.41	-0.77	-0.12
Net Debt / FCF Ratio	-1.92	-1.92	-8.39	-0.89	-0.48	-0.28
Asset Turnover	0.03	0.03	0.01	0.00	0.00	0.01
Quick Ratio	0.02	0.02	0.02	0.02	0.07	0.68
Current Ratio	0.07	0.07	0.03	0.04	0.13	0.68
Return on Assets (ROA)	-9.84%	-9.84%	-5.80%	-8.85%	-15.32%	-17.06%
Return on Capital Employed (ROCE)	-27.80%	-27.80%	-17.70%	-22.60%	-32.00%	-34.00%
Earnings Yield	-8.95%	-5.24%	-9.11%	-33.31%	-19.49%	-49.36%
FCF Yield	-6.03%	-3.53%	-3.62%	-47.83%	-26.67%	-20.42%
Buyback Yield / Dilution	-7.94%	-7.94%	-4.01%	-17.01%	-103.04%	-21.44%

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