Black Iron Ratios and Metrics

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Oct '25 Oct 27, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	35	35	17	24	71	85	Upgrade
Market Cap Growth	157.32%	109.09%	-31.18%	-65.92%	-16.05%	406.65%	Upgrade
Enterprise Value	34	35	15	21	62	84	Upgrade
Last Close Price	0.12	0.12	0.06	0.08	0.23	0.34	Upgrade
PB Ratio	-10.10	-12.35	-82.27	13.75	12.10	-11.63	Upgrade
P/TBV Ratio	-	-	-	13.75	12.10	-	Upgrade
Debt / Equity Ratio	-0.20	-0.27	-	-	-	-0.07	Upgrade
Quick Ratio	0.33	0.47	0.88	2.27	3.68	2.86	Upgrade
Current Ratio	0.33	0.47	0.88	2.27	3.68	2.86	Upgrade
Return on Equity (ROE)	-	-	-274.39%	-115.37%	-	-	Upgrade
Return on Assets (ROA)	-111.49%	-73.51%	-53.83%	-48.16%	-84.18%	-101.02%	Upgrade
Return on Capital (ROIC)	-	-	-163.45%	-70.46%	-	-	Upgrade
Earnings Yield	-8.20%	-8.77%	-12.48%	-19.16%	-10.34%	-13.62%	Upgrade
FCF Yield	-7.29%	-8.39%	-9.61%	-18.26%	-8.81%	-2.58%	Upgrade
Buyback Yield / Dilution	-0.17%	-0.04%	-0.08%	-7.65%	-24.85%	-25.71%	Upgrade

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