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	2020
Period Ending	Jan '26 Jan 16, 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	2020
Market Capitalization	8	3	3	3	4	9	Upgrade
Market Cap Growth	21.63%	20.00%	11.11%	-42.99%	-48.36%	-	Upgrade
Enterprise Value	10	5	4	4	5	7	Upgrade
Last Close Price	0.15	0.06	0.05	0.04	0.08	0.15	Upgrade
PB Ratio	-3.67	-1.53	-1.61	0.57	0.88	1.51	Upgrade
P/TBV Ratio	-	-	-	0.57	0.88	1.51	Upgrade
Debt / Equity Ratio	-0.58	-0.59	-0.68	0.27	0.16	0.11	Upgrade
Quick Ratio	0.01	0.00	0.01	0.02	0.46	3.87	Upgrade
Current Ratio	0.01	0.01	0.03	0.04	0.53	3.98	Upgrade
Return on Equity (ROE)	-	-	-	-21.06%	-18.47%	-23.48%	Upgrade
Return on Assets (ROA)	-851.86%	-721.31%	-	-8.98%	-6.57%	-5.30%	Upgrade
Return on Capital Employed (ROCE)	11.90%	18.90%	326.40%	-19.90%	-13.50%	-7.30%	Upgrade
Earnings Yield	-3.10%	-12.67%	-205.47%	-39.51%	-22.39%	-11.80%	Upgrade
FCF Yield	-0.54%	-0.57%	-22.43%	-28.48%	-34.22%	-11.22%	Upgrade
Buyback Yield / Dilution	-0.03%	-0.15%	-0.04%	-1.17%	-36.05%	-	Upgrade

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