Vox 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	Apr '26 Apr 8, 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	528	452	172	137	140	137
Market Cap Growth	149.47%	163.61%	25.15%	-2.28%	2.50%	40.56%
Enterprise Value	525.88	450.38	159.01	124.72	134.63	127.75
Last Close Price	7.66	6.62	3.39	2.74	3.13	3.48
PE Ratio	55.87	48.20	-78.67	-	231.00	-25.00
Forward PE	55.32	33.30	42.71	43.11	-	-
PS Ratio	23.16	19.82	10.82	8.40	12.15	29.66
PB Ratio	3.60	3.08	2.78	2.30	2.92	5.23
P/TBV Ratio	3.84	3.54	3.96	3.05	3.77	6.36
P/FCF Ratio	-	30.69	21.90	19.63	50.50	140.94
P/OCF Ratio	35.85	30.69	21.90	19.63	50.50	140.94
EV/Sales Ratio	23.07	19.74	10.03	7.65	11.66	27.68
EV/EBITDA Ratio	42.29	39.51	25.12	22.18	40.06	-46.90
EV/EBIT Ratio	242.44	207.42	101.28	54.44	220.81	-30.53
EV/FCF Ratio	-54.75	30.56	20.30	17.86	48.47	131.55
Debt / Equity Ratio	0.06	0.06	0	0	0	0
Debt / EBITDA Ratio	0.81	0.81	-	-	-	-
Debt / FCF Ratio	0.62	0.62	-	-	-	-
Net Debt / Equity Ratio	-0.01	-0.01	-0.20	-0.21	-0.12	-0.35
Net Debt / EBITDA Ratio	-0.17	-0.17	-1.98	-2.20	-1.68	3.35
Net Debt / FCF Ratio	-0.13	-0.13	-1.60	-1.77	-2.04	-9.39
Asset Turnover	0.14	0.19	0.21	0.26	0.25	0.17
Quick Ratio	2.62	2.62	4.03	4.43	2.08	4.02
Current Ratio	2.73	2.73	4.19	4.57	2.28	4.22
Return on Equity (ROE)	7.84%	7.84%	-3.75%	-0.25%	1.17%	-23.87%
Return on Assets (ROA)	1.50%	1.50%	-3.55%	-0.15%	0.24%	-33.02%
Return on Invested Capital (ROIC)	1.71%	1.71%	-4.47%	-0.19%	0.30%	-45.61%
Return on Capital Employed (ROCE)	1.89%	1.89%	2.23%	3.90%	1.40%	-16.42%
Earnings Yield	1.53%	2.07%	-1.27%	0.00%	0.43%	-4.00%
FCF Yield	-1.82%	3.26%	4.57%	5.09%	1.98%	0.71%
Dividend Yield	0.90%	1.01%	1.91%	1.94%	0.45%	0.00%
Payout Ratio	45.99%	45.99%	-137.78%	-1988.30%	135.88%	0.00%
Buyback Yield / Dilution	-13.91%	-13.91%	-0.67%	-17.34%	-12.48%	-29.00%
Total Shareholder Return	-13.00%	-12.89%	1.24%	-15.40%	-12.02%	-29.00%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.