Anglo American Rio Tinto Glencore Barrick Newmont Royal Gold Netflix Alphabet Apple Amazon Meta $2,558 $444 $2,538 $2,103 $3,098 $29,576 $969 $545 $1,542 $895 $396 $21,180 $1,608 $24,079 $19,531 $25,316 $496,623 $6,202 $4,172 $701 $1,891 $1,387 Highly Efficient and Scalable Business Model A global business operated by just 39 people across 4 offices Source: Capital IQ 1) Enterprise value = market cap. + debt + preferred equity + minority interest – cash & ST investments. As of December 31, 2025. 2) Employee count as of December 31, 2025, except for Apple, which is as of September 28, 2025. 3) 12 months ended December 31, 2025, except for Apple, which is as of December 27, 2025. 4) Twelve months ended December 31, 2025, except for Apple which is as of December 27, 2025. Enterprise Value 1 / Employee 2 in US$ 000s Total Revenue 3 / Employee 4 in US$ 000s 10
April 2026 Investor Presentation Page 9 Page 11