Horizon Copper 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	2015 - 2019
Period Ending	Oct '25 Oct 20, 2025	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	2015 - 2019
Market Capitalization	186	84	54	41	8	6	Upgrade
Market Cap Growth	152.55%	54.60%	31.62%	396.25%	39.70%	106.13%	Upgrade
Enterprise Value	455	322	290	91	8	6	Upgrade
Last Close Price	2.00	0.97	0.63	0.55	0.60	0.43	Upgrade
PE Ratio	-	-	-	-	2.34	-	Upgrade
PS Ratio	11.48	4.56	10.13	-85.77	2.22	18.99	Upgrade
PB Ratio	-1.46	-1.14	7.64	1.12	0.73	0.75	Upgrade
P/TBV Ratio	-	-	7.64	1.12	0.73	0.75	Upgrade
P/FCF Ratio	-	4.42	-	-	7.44	7.01	Upgrade
P/OCF Ratio	10.09	4.42	10.37	-	7.44	7.01	Upgrade
EV/Sales Ratio	28.13	17.54	54.18	-	2.06	20.47	Upgrade
EV/EBITDA Ratio	56.20	20.15	84.55	-	-	-	Upgrade
EV/EBIT Ratio	-	65.50	-	-	2.26	128.47	Upgrade
EV/FCF Ratio	-	16.98	-	-	6.91	7.56	Upgrade
Debt / Equity Ratio	-2.15	-3.74	34.90	2.62	-	0.04	Upgrade
Debt / EBITDA Ratio	19.50	17.23	72.26	-	-	-	Upgrade
Debt / FCF Ratio	14.80	14.52	-	-	-	0.36	Upgrade
Asset Turnover	0.02	0.03	0.01	-	0.38	0.04	Upgrade
Quick Ratio	0.50	1.80	2.00	293.33	38.02	0.73	Upgrade
Current Ratio	0.50	1.80	2.00	293.33	38.02	0.73	Upgrade
Return on Equity (ROE)	-	-	-145.46%	-87.58%	36.96%	-1.47%	Upgrade
Return on Assets (ROA)	0.50%	0.41%	-0.29%	-0.47%	21.61%	0.35%	Upgrade
Return on Capital (ROIC)	1.86%	1.28%	-0.83%	-1.35%	21.85%	0.36%	Upgrade
Return on Capital Employed (ROCE)	0.80%	0.70%	-	-	30.10%	0.60%	Upgrade
Earnings Yield	-59.24%	-98.10%	-57.66%	-51.96%	42.79%	-1.90%	Upgrade
FCF Yield	-	22.64%	-35.98%	-0.56%	13.44%	14.27%	Upgrade
Buyback Yield / Dilution	-0.33%	-6.46%	-136.66%	-133.77%	-16.27%	-9.48%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.