Grindrod Ratios and Metrics

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

Millions ZAR. 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	17,222	11,344	7,988	7,653	6,158	3,325
Market Cap Growth	112.93%	42.01%	4.38%	24.28%	85.18%	-5.67%
Enterprise Value	16,569	11,386	8,438	7,835	3,194	2,586
Last Close Price	25.81	16.41	10.98	10.05	8.30	3.72
PE Ratio	8.33	5.48	25.43	7.75	10.24	18.94
Forward PE	12.78	49.14	49.14	49.14	49.14	49.14
PS Ratio	3.10	2.04	1.61	1.58	1.05	0.97
PB Ratio	1.78	1.17	0.81	0.78	0.70	0.39
P/TBV Ratio	2.17	1.43	0.83	0.80	0.72	0.41
P/FCF Ratio	12.35	8.13	-	43.33	9.73	5.28
P/OCF Ratio	10.43	6.87	23.83	8.73	5.14	3.19
EV/Sales Ratio	2.98	2.05	1.70	1.62	0.54	0.76
EV/EBITDA Ratio	8.91	9.33	11.24	7.52	2.60	3.06
EV/EBIT Ratio	10.17	11.50	16.23	9.17	4.31	6.99
EV/FCF Ratio	11.88	8.16	-	44.36	5.05	4.11
Debt / Equity Ratio	0.33	0.33	0.30	0.27	0.28	0.45
Debt / EBITDA Ratio	2.64	2.64	3.90	2.10	2.05	4.60
Debt / FCF Ratio	2.31	2.31	-	14.85	3.97	6.17
Net Debt / Equity Ratio	-0.07	-0.07	0.04	0.01	-0.01	-0.21
Net Debt / EBITDA Ratio	-0.57	-0.57	0.55	0.10	-0.07	-2.13
Net Debt / FCF Ratio	-0.50	-0.50	-4.84	0.57	-0.14	-2.85
Asset Turnover	0.36	0.36	0.34	0.34	0.30	0.14
Inventory Turnover	22.11	22.11	46.76	70.40	83.25	27.58
Quick Ratio	1.88	1.88	2.07	1.87	1.36	0.49
Current Ratio	1.95	1.95	2.34	1.97	1.67	0.68
Return on Equity (ROE)	21.84%	21.84%	3.94%	11.34%	9.54%	1.63%
Return on Assets (ROA)	4.00%	4.00%	2.22%	3.76%	2.38%	0.95%
Return on Invested Capital (ROIC)	9.06%	8.46%	2.94%	7.11%	6.74%	3.03%
Return on Capital Employed (ROCE)	7.60%	7.60%	4.20%	7.00%	7.00%	3.40%
Earnings Yield	12.01%	18.86%	4.89%	13.88%	10.68%	6.66%
FCF Yield	8.10%	12.29%	-1.07%	2.31%	10.28%	18.94%
Dividend Yield	1.87%	2.94%	3.65%	7.20%	4.75%	5.41%
Payout Ratio	8.01%	8.02%	35.94%	42.02%	102.43%	21.04%
Buyback Yield / Dilution	0.05%	0.05%	-0.06%	-0.01%	0.49%	0.84%
Total Shareholder Return	1.94%	2.98%	3.59%	7.19%	5.24%	6.25%

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