Ares Strategic Mining Ratios and Metrics

Market cap in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Apr '25 Apr 2, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	Sep '20 Sep 30, 2020	2015 - 2019
Market Capitalization	37	29	26	45	59	14	Upgrade
Market Cap Growth	34.06%	8.34%	-41.80%	-22.74%	305.89%	966.87%	Upgrade
Enterprise Value	58	46	31	43	56	13	Upgrade
Last Close Price	0.20	0.17	0.19	0.33	0.55	0.18	Upgrade
PB Ratio	2.70	2.28	2.59	3.01	5.46	3.17	Upgrade
P/TBV Ratio	2.76	2.07	2.31	2.78	4.90	2.50	Upgrade
P/OCF Ratio	29.48	70.57	-	-	-	-	Upgrade
Debt / Equity Ratio	1.82	1.60	0.65	0.02	0.20	0.01	Upgrade
Quick Ratio	0.04	0.05	0.26	0.87	0.41	0.34	Upgrade
Current Ratio	0.19	0.26	0.83	1.19	0.54	0.80	Upgrade
Return on Equity (ROE)	-28.12%	-25.66%	-35.09%	-38.43%	-47.64%	-73.59%	Upgrade
Return on Assets (ROA)	-2.04%	-2.50%	-10.04%	-17.61%	-23.17%	-34.88%	Upgrade
Return on Capital (ROIC)	-2.20%	-2.73%	-10.49%	-18.36%	-24.58%	-41.13%	Upgrade
Earnings Yield	-8.96%	-10.23%	-16.81%	-10.93%	-6.22%	-15.36%	Upgrade
FCF Yield	-43.96%	-54.61%	-20.14%	-11.03%	-7.11%	-17.29%	Upgrade
Buyback Yield / Dilution	-6.00%	-8.86%	-9.67%	-33.77%	-97.13%	-258.71%	Upgrade

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