Steppe Gold 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
Period Ending	Dec '25 Dec 4, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	445	154	-	-	-
Enterprise Value	523	346	-	-	-
Last Close Price	1.76	0.61	-	-	-
PE Ratio	8.88	1.75	-	-	-
Forward PE	5.29	3.85	-	-	-
PS Ratio	2.28	0.60	-	-	-
PB Ratio	2.41	0.97	-	-	-
P/TBV Ratio	2.41	0.97	-	-	-
P/FCF Ratio	23.01	1.58	-	-	-
P/OCF Ratio	8.90	1.31	-	-	-
EV/Sales Ratio	2.68	1.35	-	-	-
EV/EBITDA Ratio	5.20	2.31	-	-	-
EV/EBIT Ratio	6.61	2.82	-	-	-
EV/FCF Ratio	27.06	3.56	-	-	-
Debt / Equity Ratio	1.24	1.70	0.83	1.42	2.70
Debt / EBITDA Ratio	2.28	1.79	0.99	2.14	2.08
Debt / FCF Ratio	11.85	2.77	1.38	3.33	4.87
Asset Turnover	0.43	0.59	0.55	0.49	-
Inventory Turnover	1.01	1.96	3.28	3.94	-
Quick Ratio	1.61	2.32	0.13	0.08	0.06
Current Ratio	2.80	3.33	0.32	0.59	0.36
Return on Equity (ROE)	35.89%	57.51%	60.62%	55.34%	-
Return on Assets (ROA)	10.92%	17.80%	17.93%	11.95%	-
Return on Capital (ROIC)	13.19%	21.96%	21.96%	13.79%	-
Return on Capital Employed (ROCE)	20.80%	29.70%	56.60%	21.70%	33.50%
Earnings Yield	12.86%	57.24%	-	-	-
FCF Yield	4.35%	63.13%	-	-	-
Payout Ratio	-	98.61%	-	-	-
Buyback Yield / Dilution	-120.57%	-32.87%	-4693.22%	-	-
Total Shareholder Return	-120.57%	-32.87%	-4693.22%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.