GORO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	576.38M EUR	347.37M EUR	299.31M EUR	333.46M EUR
Enterprise Value	417.12M EUR	331.78M EUR	283.98M EUR	323.89M EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	85.25x	--	--	--
Price to Sales	10.42x	6.28x	7.56x	18.12x
Price to Book	--	--	--	--
EV/Revenue	7.54x	6x	7.17x	17.6x
EV/EBITDA	83.03x	131.76x	--	1,513.5x
Price to FCF (P/FCF)	22.69x	--	--	--
EV/FCF	16.42x	--	--	--
FCF Yield	4.41%	-2.06%	-4.02%	-4.88%