Diversified Royalty Ratios and Metrics

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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 Cap	798	629	472	390	421	346
Market Cap Growth	60.73%	33.18%	21.17%	-7.58%	21.94%	19.83%
Last Close Price	4.65	3.72	2.91	2.73	2.98	2.82
PE Ratio	23.32	17.71	18.19	12.41	24.83	14.84
Forward PE	19.54	16.34	15.26	12.75	17.04	17.17
PS Ratio	10.98	8.88	7.26	6.89	9.33	9.27
PB Ratio	2.75	2.18	1.63	1.64	1.80	1.80
P/FCF Ratio	18.56	13.84	10.15	12.64	14.85	12.54
P/OCF Ratio	18.56	13.84	10.15	12.64	14.85	12.43
Debt / Equity Ratio	1.00	0.85	0.78	1.21	0.85	0.59
Debt / FCF Ratio	6.77	5.43	4.86	9.34	7.01	4.09
Net Debt / Equity Ratio	1.00	0.85	0.78	1.21	0.85	0.59
Net Debt / FCF Ratio	6.77	5.43	4.86	9.34	7.01	4.09
Asset Turnover	0.11	0.12	0.11	0.11	0.11	0.10
Return on Equity (ROE)	12.54%	12.70%	10.12%	13.46%	7.32%	12.34%
Earnings Yield	4.54%	5.65%	5.50%	8.06%	4.03%	6.74%
FCF Yield	5.39%	7.22%	9.85%	7.91%	6.73%	7.98%
Dividend Yield	6.12%	6.16%	7.38%	7.73%	6.54%	6.43%
Payout Ratio	110.86%	105.53%	130.82%	94.86%	157.43%	94.03%
Buyback Yield / Dilution	-2.83%	-4.46%	-13.61%	-13.57%	6.43%	-14.05%
Total Shareholder Return	3.28%	1.70%	-6.23%	-5.85%	12.97%	-7.62%