Labrador Iron Ore 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 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jan '26 Jan 8, 2026	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	1,976	1,852	2,042	2,149	2,402	2,087	Upgrade
Market Cap Growth	4.26%	-9.31%	-5.00%	-10.53%	15.09%	32.45%	Upgrade
Enterprise Value	1,957	1,811	1,994	2,106	2,291	2,068	Upgrade
Last Close Price	30.87	27.43	27.39	26.62	27.04	20.30	Upgrade
PE Ratio	17.99	10.58	10.96	8.10	6.33	9.19	Upgrade
Forward PE	7.23	8.39	13.81	10.10	10.42	7.41	Upgrade
PS Ratio	10.80	8.92	10.20	9.25	8.60	10.34	Upgrade
PB Ratio	3.06	2.88	3.10	3.37	4.26	3.69	Upgrade
P/TBV Ratio	3.06	2.88	3.10	3.37	4.26	3.69	Upgrade
P/OCF Ratio	16.19	9.17	13.39	11.67	5.97	11.90	Upgrade
PEG Ratio	-	3.97	3.97	3.97	3.97	3.97	Upgrade
EV/Sales Ratio	10.70	8.73	9.96	9.06	8.20	10.24	Upgrade
EV/EBIT Ratio	13.10	11.54	13.17	11.92	10.67	13.55	Upgrade
Asset Turnover	0.22	0.25	0.24	0.29	0.35	0.26	Upgrade
Quick Ratio	1.79	1.56	1.67	1.54	1.29	1.23	Upgrade
Current Ratio	1.79	1.56	1.67	1.54	1.29	1.23	Upgrade
Return on Equity (ROE)	16.92%	26.88%	28.73%	44.19%	67.19%	41.17%	Upgrade
Return on Assets (ROA)	10.32%	11.73%	11.38%	13.67%	16.65%	12.18%	Upgrade
Return on Capital (ROIC)	13.15%	15.07%	14.59%	18.38%	23.75%	17.28%	Upgrade
Return on Capital Employed (ROCE)	17.60%	20.30%	19.00%	22.90%	31.30%	22.10%	Upgrade
Earnings Yield	5.58%	9.45%	9.13%	12.35%	15.81%	10.89%	Upgrade
Dividend Yield	5.02%	10.94%	9.31%	11.64%	22.19%	12.56%	Upgrade
Payout Ratio	130.54%	98.72%	96.19%	85.59%	112.07%	64.79%	Upgrade
Buyback Yield / Dilution	-0.42%	0.03%	-0.03%	-	-	-	Upgrade
Total Shareholder Return	4.60%	10.97%	9.27%	11.64%	22.19%	12.56%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.