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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 25, 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
Market Capitalization	562	171	137	140	137	97
Market Cap Growth	211.08%	24.98%	-2.29%	2.22%	40.57%	-
Enterprise Value	561	158	125	135	128	91
Last Close Price	8.23	3.33	2.66	2.98	3.27	2.82
PE Ratio	-	-	-	315.26	-	-
Forward PE	54.69	40.21	40.21	77.33	-	-
PS Ratio	33.18	10.76	8.42	12.16	29.64	605.85
PB Ratio	3.99	2.76	2.31	2.92	5.23	5.50
P/TBV Ratio	4.02	2.83	2.37	3.04	5.65	6.27
P/FCF Ratio	-	66.57	-	-	-	-
P/OCF Ratio	86.20	21.77	19.66	50.54	140.88	-
EV/Sales Ratio	33.14	9.97	7.71	11.72	27.74	568.73
EV/EBITDA Ratio	72.32	24.97	17.01	40.27	-	-
EV/EBIT Ratio	-	100.64	54.91	222.00	-	-
EV/FCF Ratio	-6.09	61.68	-	-	-	-
Debt / Equity Ratio	0.12	-	-	-	-	-
Net Debt / Equity Ratio	0.00	-0.20	-0.21	-0.12	-0.35	-0.23
Net Debt / EBITDA Ratio	-0.08	-1.98	-1.67	-1.68	3.35	0.50
Net Debt / FCF Ratio	0.01	-4.90	58.68	1.61	0.84	0.53
Asset Turnover	0.14	0.21	0.26	0.25	0.17	0.01
Quick Ratio	3.30	4.03	4.43	2.08	4.02	14.34
Current Ratio	3.35	4.19	4.57	2.28	4.22	15.73
Return on Equity (ROE)	-2.13%	-3.75%	-0.25%	1.17%	-23.87%	-119.40%
Return on Assets (ROA)	0.53%	1.31%	2.29%	0.81%	-9.74%	-40.08%
Return on Invested Capital (ROIC)	-3.37%	-5.29%	-0.22%	0.37%	-27.30%	-89.10%
Return on Capital Employed (ROCE)	0.60%	2.30%	3.50%	1.20%	-13.00%	-42.90%
Earnings Yield	-0.38%	-1.39%	-0.10%	0.32%	-3.82%	-13.38%
FCF Yield	-16.41%	1.50%	-0.15%	-2.51%	-7.94%	-7.79%
Dividend Yield	0.83%	2.07%	2.19%	0.91%	-	-
Payout Ratio	-	-	-	135.88%	-	-
Buyback Yield / Dilution	-1.90%	-6.77%	-10.63%	-12.47%	-29.00%	-23.14%
Total Shareholder Return	-1.04%	-4.70%	-8.45%	-11.57%	-29.00%	-23.14%

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