Thesis Gold Inc. (TSXV:TAU)

Thesis Gold Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 19, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Market Capitalization	590	175	69	93	232	165
Market Cap Growth	290.40%	153.84%	-25.75%	-60.04%	40.18%	369.11%
Enterprise Value	555	171	58	75	225	124
Last Close Price	3.12	0.82	0.40	0.95	2.91	2.73
PE Ratio	-	-	77.37	-	-	-
PB Ratio	2.59	0.95	0.42	0.81	2.32	2.53
P/TBV Ratio	2.59	0.95	0.42	0.81	2.32	2.53
P/OCF Ratio	-	-	15.36	-	109.22	-
Debt / Equity Ratio	0.00	0.01	0	0.00	0.00	-
Net Debt / Equity Ratio	-0.15	-0.05	-0.04	-0.15	-0.31	-0.52
Net Debt / EBITDA Ratio	-	-	-	-	-	9.44
Net Debt / FCF Ratio	1.14	0.30	0.26	0.52	0.68	1.31
Quick Ratio	5.89	6.57	2.63	18.73	3.63	10.74
Current Ratio	6.09	7.02	2.93	19.16	3.67	10.78
Return on Equity (ROE)	-2.86%	-0.95%	0.64%	-4.55%	-14.94%	-10.93%
Return on Assets (ROA)	-2.08%	-1.62%	-1.67%	-1.90%	-7.89%	-7.16%
Return on Invested Capital (ROIC)	-4.12%	5.47%	-1.51%	53.41%	-24.30%	-25.51%
Return on Capital Employed (ROCE)	-3.00%	-2.50%	-2.30%	-3.00%	-11.20%	-7.90%
Earnings Yield	-0.98%	-0.95%	1.29%	-5.25%	-5.33%	-2.88%
FCF Yield	-5.24%	-15.94%	-41.22%	-35.77%	-19.90%	-15.74%
Buyback Yield / Dilution	-27.77%	-41.45%	-57.85%	-30.83%	-27.61%	-86.99%

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