ZEB Nickel 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 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 1, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	8	3	3	3	4	9
Market Cap Growth	77.37%	20.00%	11.11%	-42.99%	-48.36%	-
Enterprise Value	9	5	4	4	5	7
Last Close Price	0.14	0.06	0.05	0.04	0.08	0.15
PB Ratio	-3.34	-1.53	-1.61	0.57	0.88	1.51
P/TBV Ratio	-	-	-	0.57	0.88	1.51
Debt / Equity Ratio	-0.56	-0.59	-0.68	0.27	0.16	0.11
Net Debt / Equity Ratio	-0.56	-0.59	-0.68	0.27	0.08	-0.23
Net Debt / EBITDA Ratio	-	-8.76	-1.56	-	-	-
Net Debt / FCF Ratio	-32.24	-67.74	-1.87	-1.66	-0.25	1.36
Quick Ratio	0.01	0.00	0.01	0.02	0.46	3.87
Current Ratio	0.01	0.01	0.03	0.04	0.53	3.98
Return on Equity (ROE)	-	-	-	-21.06%	-18.47%	-23.48%
Return on Assets (ROA)	-444.09%	-721.31%	-	-8.98%	-6.57%	-5.30%
Return on Capital Employed (ROCE)	6.90%	18.90%	326.40%	-19.90%	-13.50%	-7.30%
Earnings Yield	-1.53%	-12.67%	-205.47%	-39.51%	-22.39%	-11.80%
FCF Yield	-0.52%	-0.57%	-22.43%	-28.48%	-34.22%	-11.22%
Buyback Yield / Dilution	-0.01%	-0.15%	-0.04%	-1.17%	-36.05%	-

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