Thungela Resources 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	Apr '26 Apr 8, 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	21,680	12,170	17,884	21,055	39,430	11,524
Market Cap Growth	42.92%	-31.95%	-15.06%	-46.60%	242.16%	-
Enterprise Value	15,795	5,177	9,476	6,724	27,024	10,119
Last Close Price	171.00	96.00	116.65	122.64	172.75	39.83
PE Ratio	-	-	4.98	4.08	2.32	1.79
Forward PE	-	203.22	6.81	4.90	2.11	1.94
PS Ratio	0.73	0.41	0.50	0.69	0.78	0.44
PB Ratio	1.34	0.75	0.69	0.86	1.51	0.62
P/TBV Ratio	1.37	0.77	0.71	0.87	1.51	0.70
P/FCF Ratio	-	-	9.14	3.91	2.21	3.03
P/OCF Ratio	9.16	5.14	3.38	2.48	1.99	1.88
EV/Sales Ratio	0.53	0.18	0.27	0.22	0.53	0.39
EV/EBITDA Ratio	10.34	3.50	1.56	0.82	0.94	1.04
EV/EBIT Ratio	-	-	2.57	1.01	0.98	1.16
EV/FCF Ratio	-23.13	-	4.85	1.25	1.51	2.66
Debt / Equity Ratio	0.01	0.01	0.00	0.01	0.01	0.01
Debt / EBITDA Ratio	0.06	0.06	0.01	0.02	0.01	0.02
Debt / FCF Ratio	-	-	0.03	0.03	0.01	0.05
Net Debt / Equity Ratio	-0.37	-0.37	-0.39	-0.44	-0.58	-0.46
Net Debt / EBITDA Ratio	-4.09	-4.09	-1.66	-1.33	-0.53	-0.88
Net Debt / FCF Ratio	8.86	8.86	-5.15	-2.01	-0.85	-2.26
Asset Turnover	0.69	0.69	0.75	0.70	1.41	1.09
Inventory Turnover	4.47	4.47	4.58	3.30	4.39	4.25
Quick Ratio	1.28	1.28	1.87	1.79	3.83	3.08
Current Ratio	1.73	1.73	2.29	2.26	4.45	3.84
Return on Equity (ROE)	-33.62%	-33.62%	13.98%	19.58%	81.58%	61.32%
Return on Assets (ROA)	-2.02%	-2.02%	4.87%	9.53%	47.86%	22.67%
Return on Invested Capital (ROIC)	-13.70%	-10.60%	17.54%	37.06%	198.80%	110.70%
Return on Capital Employed (ROCE)	-4.70%	-4.70%	9.20%	17.60%	78.10%	32.30%
Earnings Yield	-32.68%	-58.22%	20.08%	24.52%	43.08%	55.79%
FCF Yield	-3.15%	-5.61%	10.94%	25.59%	45.30%	33.01%
Dividend Yield	2.34%	4.17%	11.14%	16.31%	57.89%	45.19%
Payout Ratio	-	-	45.38%	134.06%	61.71%	-
Buyback Yield / Dilution	4.62%	4.62%	2.77%	-2.76%	-28.81%	-70.05%
Total Shareholder Return	6.96%	8.79%	13.91%	13.54%	29.08%	-24.86%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.