Nations Royalty Ratios and Metrics

Market cap in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	Current	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	2017 - 2021
Period Ending	Dec '25 Dec 18, 2025	Mar '25 Mar 31, 2025	May '24 May 31, 2024	Mar '24 Mar 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	2017 - 2021
Market Capitalization	151	68	-	-	-	-	Upgrade
Enterprise Value	147	62	-	-	-	-	Upgrade
Last Close Price	1.04	0.47	-	-	-	-	Upgrade
PS Ratio	135.94	80.62	-	-	-	-	Upgrade
PB Ratio	32.52	12.31	-	-	-	-	Upgrade
P/TBV Ratio	32.52	12.31	-	-	-	-	Upgrade
EV/Sales Ratio	132.38	73.87	-	-	-	-	Upgrade
Asset Turnover	0.18	0.18	-	-	-	-	Upgrade
Quick Ratio	33.91	50.43	0.01	-	1.69	-	Upgrade
Current Ratio	34.46	50.67	0.92	-	1.69	-	Upgrade
Return on Equity (ROE)	-76.37%	-619.10%	-	-	-479.68%	-	Upgrade
Return on Assets (ROA)	-46.76%	-82.51%	-14.35%	-	-	-	Upgrade
Return on Capital (ROIC)	-48.97%	-83.50%	-	-	-260.27%	-	Upgrade
Return on Capital Employed (ROCE)	-98.10%	-111.50%	146.00%	9.80%	-58.40%	21.80%	Upgrade
Earnings Yield	-2.94%	-41.97%	-	-	-	-	Upgrade
FCF Yield	-	-6.78%	-	-	-	-	Upgrade
Buyback Yield / Dilution	-0.00%	-404.97%	-	-	-67.85%	-	Upgrade

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