Royal Gold Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 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	20,555	15,979	8,374	7,189	6,918	6,072
Market Cap Growth	124.84%	90.80%	16.49%	3.91%	13.93%	-3.82%
Enterprise Value	21,043	16,496	8,263	7,397	7,238	6,030
Last Close Price	242.80	191.65	126.01	108.29	101.09	86.66
PE Ratio	51.76	40.24	26.11	33.19	30.94	25.20
PS Ratio	23.62	18.36	12.16	13.28	12.40	10.70
PB Ratio	3.35	2.60	2.77	2.74	2.69	2.66
P/TBV Ratio	3.37	2.62	2.78	2.75	2.70	2.67
P/FCF Ratio	-	-	20.31	19.24	-	112.31
P/OCF Ratio	34.24	26.62	16.37	19.11	17.72	14.95
EV/Sales Ratio	24.26	18.95	12.00	13.66	12.97	10.63
EV/EBITDA Ratio	29.45	23.01	14.90	17.47	16.57	13.25
EV/EBIT Ratio	37.30	29.14	19.90	26.97	27.27	20.88
EV/FCF Ratio	-53.72	-	20.04	19.79	-	111.52
Debt / Equity Ratio	0.13	0.13	0.00	0.09	0.21	-
Debt / EBITDA Ratio	1.11	1.11	0.01	0.53	1.22	-
Debt / FCF Ratio	-	-	0.01	0.60	-	-
Net Debt / Equity Ratio	0.07	0.07	-0.06	0.05	0.17	-0.06
Net Debt / EBITDA Ratio	0.63	0.63	-0.33	0.30	0.97	-0.28
Net Debt / FCF Ratio	-1.14	-1.14	-0.45	0.34	-0.90	-2.36
Asset Turnover	0.16	0.16	0.21	0.17	0.19	-
Inventory Turnover	6.74	6.74	8.57	8.07	7.80	-
Quick Ratio	2.87	2.87	3.06	2.15	2.69	3.30
Current Ratio	3.12	3.12	3.23	2.31	2.92	3.52
Return on Equity (ROE)	9.12%	9.12%	11.02%	8.49%	8.96%	-
Return on Assets (ROA)	6.43%	6.43%	7.96%	5.50%	5.64%	-
Return on Invested Capital (ROIC)	9.17%	10.07%	11.21%	8.26%	8.00%	11.62%
Return on Capital Employed (ROCE)	7.10%	7.10%	13.00%	9.20%	8.20%	12.20%
Earnings Yield	1.93%	2.48%	3.83%	3.01%	3.23%	3.97%
FCF Yield	-1.91%	-2.45%	4.92%	5.20%	-6.83%	0.89%
Dividend Yield	0.65%	-	1.30%	1.29%	1.34%	-
Payout Ratio	25.42%	25.42%	31.70%	41.17%	38.46%	28.73%
Buyback Yield / Dilution	-5.75%	-5.75%	-0.06%	-0.12%	-0.05%	0.00%
Total Shareholder Return	-5.10%	-5.75%	1.25%	1.18%	1.29%	0.00%

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