Sea Limited Ratios and Metrics

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 18, 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	246,712	415,986	376,892	111,378	154,513	691,310
Market Cap Growth	-46.42%	10.37%	238.39%	-27.92%	-77.65%	30.83%
Enterprise Value	209,082	385,416	355,879	105,278	144,590	648,459
Last Close Price	16.64	28.05	26.66	7.80	11.31	-
PE Ratio	28.38	47.86	137.15	152.29	-	-
PS Ratio	1.95	3.29	3.62	1.76	2.35	12.46
PB Ratio	3.54	5.97	7.19	3.43	5.03	16.71
P/TBV Ratio	3.61	6.09	7.40	3.57	5.39	18.23
P/FCF Ratio	9.93	16.74	20.59	12.49	-	-
P/OCF Ratio	8.91	15.03	18.59	11.04	-	594.66
EV/Sales Ratio	1.72	3.05	3.42	1.66	2.20	11.69
EV/EBITDA Ratio	14.70	29.68	54.71	27.69	-	-
EV/EBIT Ratio	20.12	35.25	86.90	63.32	-	-
EV/FCF Ratio	8.42	15.51	19.44	11.80	-	-
Debt / Equity Ratio	0.26	0.26	0.49	0.67	0.77	0.57
Debt / EBITDA Ratio	1.23	1.23	2.94	4.05	-	-
Debt / FCF Ratio	0.74	0.74	1.39	2.43	-	-
Net Debt / Equity Ratio	-0.57	-0.57	-0.53	-0.13	-0.41	-0.79
Net Debt / EBITDA Ratio	-3.07	-3.07	-4.28	-1.14	3.40	4.52
Net Debt / FCF Ratio	-1.61	-1.61	-1.52	-0.49	1.21	10.46
Asset Turnover	0.88	0.88	0.81	0.73	0.70	0.68
Inventory Turnover	69.40	69.40	71.58	61.52	63.96	66.69
Quick Ratio	0.78	0.78	0.94	0.89	1.17	1.57
Current Ratio	1.58	1.58	1.49	1.44	1.83	2.11
Return on Equity (ROE)	15.25%	15.25%	5.90%	2.60%	-25.05%	-37.68%
Return on Assets (ROA)	4.77%	4.77%	1.99%	1.19%	-3.96%	-6.77%
Return on Invested Capital (ROIC)	28.13%	30.12%	7.88%	2.84%	-45.81%	-423.51%
Return on Capital Employed (ROCE)	13.50%	13.50%	5.80%	3.20%	-11.30%	-13.70%
Earnings Yield	3.52%	2.09%	0.73%	0.66%	-5.65%	-1.65%
FCF Yield	10.07%	5.97%	4.86%	8.01%	-6.77%	-0.45%
Buyback Yield / Dilution	-5.54%	-5.54%	-1.73%	-6.50%	-4.77%	-11.62%

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