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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 6, 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	1,738	1,912	1,852	2,042	2,149	2,402
Market Cap Growth	0.82%	3.25%	-9.31%	-5.00%	-10.53%	15.09%
Enterprise Value	1,724	1,897	1,809	2,028	2,109	2,319
Last Close Price	27.15	29.87	28.93	31.90	33.58	37.53
PE Ratio	22.61	19.03	10.60	10.96	8.09	6.33
Forward PE	19.60	7.13	8.39	13.81	10.10	10.42
PEG Ratio	-	3.97	3.97	3.97	3.97	3.97
PS Ratio	11.35	11.52	8.92	10.20	9.25	8.59
PB Ratio	2.75	2.96	2.88	3.10	3.37	4.26
P/TBV Ratio	2.76	2.96	2.88	3.10	3.37	4.26
P/FCF Ratio	-	19.69	9.17	13.39	11.67	5.97
P/OCF Ratio	18.22	19.69	9.17	13.39	11.67	5.97
EV/Sales Ratio	11.28	11.44	8.72	10.13	9.08	8.30
EV/EBITDA Ratio	14.39	14.60	11.08	12.89	11.52	10.50
EV/EBIT Ratio	15.10	15.32	11.52	13.40	11.94	10.80
EV/FCF Ratio	-	19.54	8.96	13.30	11.45	5.76
Net Debt / Equity Ratio	-0.02	-0.02	-0.07	-0.02	-0.06	-0.15
Net Debt / EBITDA Ratio	-0.11	-0.11	-0.26	-0.08	-0.22	-0.37
Net Debt / FCF Ratio	-0.14	-0.15	-0.21	-0.09	-0.22	-0.21
Asset Turnover	0.19	0.20	0.25	0.24	0.29	0.35
Quick Ratio	1.99	1.84	1.56	1.67	1.53	1.29
Current Ratio	1.99	1.84	1.56	1.67	1.53	1.29
Return on Equity (ROE)	12.08%	15.62%	26.88%	28.73%	44.19%	67.19%
Return on Assets (ROA)	9.93%	10.79%	14.99%	14.30%	17.53%	22.75%
Return on Invested Capital (ROIC)	12.77%	14.42%	20.12%	19.12%	26.24%	38.97%
Return on Capital Employed (ROCE)	14.83%	15.94%	19.98%	19.30%	24.23%	31.21%
Earnings Yield	4.44%	5.26%	9.44%	9.12%	12.36%	15.80%
FCF Yield	-	5.08%	10.90%	7.47%	8.57%	16.75%
Dividend Yield	5.71%	6.53%	9.33%	8.78%	10.57%	17.72%
Payout Ratio	112.08%	124.08%	98.72%	96.19%	85.59%	112.07%
Buyback Yield / Dilution	-0.23%	0.00%	0.00%	0.00%	0.00%	0.00%
Total Shareholder Return	5.48%	6.53%	9.33%	8.78%	10.57%	17.72%