Highwood Asset Management 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	Jul '26 Jul 1, 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	73	60	89	73	68	75
Market Cap Growth	-14.88%	-32.55%	22.47%	7.23%	-10.00%	78.57%
Enterprise Value	178	165	175	156	68	75
Last Close Price	4.82	3.95	6.01	4.80	11.25	12.50
PE Ratio	14.81	2.76	3.18	1.57	30.12	-
PS Ratio	0.84	0.72	0.80	2.06	10.13	7.47
PB Ratio	0.52	0.39	0.67	0.70	6.33	9.40
P/TBV Ratio	0.52	0.39	0.67	0.70	6.33	9.40
P/OCF Ratio	1.61	1.06	1.35	4.43	93.71	-
EV/Sales Ratio	2.04	1.99	1.57	4.42	10.15	7.49
EV/EBITDA Ratio	4.17	2.56	2.34	6.24	54.47	-
EV/EBIT Ratio	10.42	4.23	3.67	9.25	131.42	-
Debt / Equity Ratio	0.76	0.69	0.69	0.85	0.00	0.16
Debt / EBITDA Ratio	2.47	1.64	1.22	3.52	0.02	-
Net Debt / Equity Ratio	0.75	0.65	0.67	0.81	-0.01	0.14
Net Debt / EBITDA Ratio	2.46	1.56	1.19	3.39	-0.06	-1.21
Net Debt / FCF Ratio	12.15	-23.67	-131.95	-35.43	0.06	-0.47
Asset Turnover	0.27	0.27	0.41	0.26	0.41	0.25
Quick Ratio	0.63	0.59	0.70	0.56	1.08	0.55
Current Ratio	0.65	0.96	0.81	0.75	1.17	0.62
Return on Equity (ROE)	3.54%	15.17%	23.66%	80.32%	24.03%	-26.14%
Return on Assets (ROA)	3.26%	7.92%	10.85%	7.69%	1.97%	-3.96%
Return on Invested Capital (ROIC)	3.89%	11.69%	17.78%	15.77%	3.97%	-25.49%
Return on Capital Employed (ROCE)	6.30%	13.70%	19.00%	7.80%	3.60%	-22.00%
Earnings Yield	6.62%	36.22%	31.46%	63.60%	3.32%	-3.09%
FCF Yield	11.81%	-7.07%	-0.76%	-3.30%	-1.96%	-3.23%
Buyback Yield / Dilution	3.05%	1.54%	-52.94%	-62.20%	-1.23%	-
Total Shareholder Return	3.05%	1.54%	-52.94%	-62.20%	-1.23%	-