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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 22, 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	45	40	39	38	34	-
Market Cap Growth	11.36%	2.33%	4.42%	10.03%	-	-
Enterprise Value	41	35	35	29	18	-
Last Close Price	0.98	0.86	0.77	0.68	0.57	-
PE Ratio	35.00	30.33	26.22	23.97	13.34	-
PS Ratio	7.41	6.65	5.10	5.65	5.26	-
PB Ratio	1.91	1.71	1.52	1.40	1.24	-
P/TBV Ratio	1.93	1.73	1.54	1.41	1.25	-
P/FCF Ratio	11.80	10.60	5.92	-	20.08	-
P/OCF Ratio	9.68	8.69	5.90	7.64	6.42	-
EV/Sales Ratio	6.72	5.87	4.60	4.38	2.75	-
EV/EBITDA Ratio	8.78	7.68	5.91	5.80	3.34	-
EV/EBIT Ratio	24.55	21.45	17.36	15.87	5.65	-
EV/FCF Ratio	10.71	9.36	5.34	-	10.50	-
Net Debt / Equity Ratio	-0.18	-0.18	-0.18	-0.05	-0.48	-0.10
Net Debt / EBITDA Ratio	-0.90	-0.90	-0.78	-0.29	-2.46	-0.43
Net Debt / FCF Ratio	-1.10	-1.10	-0.70	0.18	-7.74	-0.67
Asset Turnover	0.24	0.24	0.29	0.24	0.29	0.27
Quick Ratio	9.64	9.64	6.57	6.82	10.33	3.56
Current Ratio	9.67	9.67	6.62	6.89	10.37	3.82
Return on Equity (ROE)	5.38%	5.38%	5.69%	5.77%	12.18%	1.17%
Return on Assets (ROA)	4.08%	4.08%	4.73%	4.09%	8.93%	-0.53%
Return on Invested Capital (ROIC)	6.38%	6.09%	6.03%	6.39%	17.14%	-0.97%
Return on Capital Employed (ROCE)	7.00%	7.00%	7.90%	6.80%	11.50%	-0.90%
Earnings Yield	2.96%	3.30%	3.81%	4.17%	7.50%	-
FCF Yield	8.47%	9.44%	16.89%	-22.28%	4.98%	-
Dividend Yield	7.96%	-	9.93%	9.69%	10.45%	-
Payout Ratio	268.84%	268.85%	230.66%	215.22%	78.98%	832.11%
Buyback Yield / Dilution	-0.49%	-0.49%	-2.56%	-7.78%	-38.47%	-7.62%
Total Shareholder Return	7.55%	-0.49%	7.38%	1.91%	-28.02%	-7.62%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.