Source Rock Royalties 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	Apr '26 Apr 1, 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	45	39	38	34	-	-
Market Cap Growth	12.64%	4.42%	10.03%	-	-	-
Enterprise Value	40	35	29	18	-	-
Last Close Price	0.98	0.77	0.68	0.57	-	-
PE Ratio	31.63	26.22	23.97	13.34	-	-
PS Ratio	6.80	5.10	5.65	5.26	-	-
PB Ratio	1.87	1.52	1.40	1.24	-	-
P/TBV Ratio	1.89	1.54	1.41	1.25	-	-
P/FCF Ratio	8.75	5.92	-	20.08	-	-
P/OCF Ratio	8.52	5.90	7.64	6.42	-	-
EV/Sales Ratio	6.08	4.60	4.38	2.75	-	-
EV/EBITDA Ratio	7.95	5.91	5.80	3.34	-	-
EV/EBIT Ratio	20.88	17.36	15.87	5.65	-	-
EV/FCF Ratio	7.82	5.34	-	10.50	-	-
Net Debt / Equity Ratio	-0.20	-0.18	-0.05	-0.48	-0.10	-0.06
Net Debt / EBITDA Ratio	-0.94	-0.78	-0.29	-2.46	-0.43	-1.28
Net Debt / FCF Ratio	-0.92	-0.70	0.18	-7.74	-0.67	-1.29
Asset Turnover	0.26	0.29	0.24	0.29	0.27	0.07
Quick Ratio	10.61	6.57	6.82	10.33	3.56	7.51
Current Ratio	10.65	6.62	6.89	10.37	3.82	7.67
Return on Equity (ROE)	6.08%	5.69%	5.77%	12.18%	1.17%	-16.48%
Return on Assets (ROA)	4.68%	4.73%	4.09%	8.93%	-0.53%	-16.88%
Return on Invested Capital (ROIC)	7.23%	6.03%	6.39%	17.14%	-0.97%	-32.25%
Return on Capital Employed (ROCE)	8.00%	7.90%	6.80%	11.50%	-0.90%	-32.10%
Earnings Yield	3.39%	3.81%	4.17%	7.50%	-	-
FCF Yield	11.43%	16.89%	-22.28%	4.98%	-	-
Dividend Yield	7.80%	9.93%	9.69%	10.45%	-	-
Payout Ratio	234.58%	230.66%	215.22%	78.98%	832.11%	-
Buyback Yield / Dilution	-1.12%	-2.56%	-7.78%	-38.47%	-7.62%	-5.07%
Total Shareholder Return	6.68%	7.38%	1.91%	-28.02%	-7.62%	-5.07%

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