Spartan Delta 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 26, 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	2,298	1,454	599	516	2,334	915
Market Cap Growth	216.43%	142.70%	16.05%	-77.89%	155.24%	428.15%
Enterprise Value	2,554	1,581	731	562	2,484	1,398
Last Close Price	11.21	7.25	3.45	2.98	4.39	1.69
PE Ratio	36.75	20.76	17.47	0.78	3.43	2.74
Forward PE	13.19	19.08	4.28	1.87	5.16	7.59
PS Ratio	5.41	3.93	2.18	0.87	1.78	1.66
PB Ratio	3.57	2.24	1.27	1.20	1.54	1.03
P/TBV Ratio	3.57	2.24	1.27	1.20	1.54	1.03
P/FCF Ratio	-	-	-	3.01	6.58	-
P/OCF Ratio	9.07	6.60	3.44	1.09	2.94	3.27
EV/Sales Ratio	6.01	4.27	2.66	0.95	1.89	2.53
EV/EBITDA Ratio	10.02	6.67	4.90	1.47	2.70	4.18
EV/EBIT Ratio	28.79	16.29	15.69	2.34	3.44	5.88
EV/FCF Ratio	-	-	-	3.27	7.00	-
Debt / Equity Ratio	0.40	0.28	0.31	0.19	0.13	0.50
Debt / EBITDA Ratio	1.01	0.73	0.93	0.20	0.21	1.29
Debt / FCF Ratio	-	-	-	0.47	0.54	-
Net Debt / Equity Ratio	0.40	0.28	0.31	0.19	0.04	0.50
Net Debt / EBITDA Ratio	1.04	0.75	0.98	0.21	0.07	1.32
Net Debt / FCF Ratio	-1.46	-1.22	-9.26	0.46	0.19	-1.32
Asset Turnover	0.37	0.35	0.31	0.41	0.69	0.53
Quick Ratio	0.15	0.23	0.20	0.20	0.95	0.40
Current Ratio	0.58	0.87	0.87	0.89	1.11	0.45
Return on Equity (ROE)	10.20%	12.50%	7.61%	68.13%	56.67%	65.27%
Return on Assets (ROA)	4.78%	5.76%	3.32%	10.30%	23.50%	14.34%
Return on Invested Capital (ROIC)	7.65%	10.08%	6.46%	20.29%	47.60%	29.48%
Return on Capital Employed (ROCE)	9.70%	10.80%	6.70%	42.20%	39.70%	15.90%
Earnings Yield	2.68%	4.82%	5.72%	128.47%	29.18%	36.55%
FCF Yield	-7.62%	-10.05%	-2.63%	33.24%	15.20%	-36.43%
Payout Ratio	-	-	0.15%	240.67%	-	-
Buyback Yield / Dilution	-14.17%	-15.59%	-1.08%	1.13%	-31.49%	-140.89%