88 Energy Ltd (88E) - Net Assets
Based on the latest financial reports, 88 Energy Ltd (88E) has net assets worth AU$87.62 Million AUD (≈ $62.00 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$87.98 Million ≈ $62.25 Million USD) and total liabilities (AU$362.67K ≈ $256.61K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of 88 Energy Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$87.62 Million |
| % of Total Assets | 99.59% |
| Annual Growth Rate | 12.59% |
| 5-Year Change | -37.34% |
| 10-Year Change | 82.5% |
| Growth Volatility | 317.71 |
88 Energy Ltd - Net Assets Trend (2000–2025)
This chart illustrates how 88 Energy Ltd's net assets have evolved over time, based on quarterly financial data. See 88 Energy Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for 88 Energy Ltd (2000–2025)
The table below shows the annual net assets of 88 Energy Ltd from 2000 to 2025. For live valuation and market cap data, see 88E stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$87.62 Million ≈ $62.00 Million |
-41.05% |
| 2024-12-31 | AU$148.64 Million ≈ $105.17 Million |
-4.53% |
| 2023-12-31 | AU$155.69 Million ≈ $110.16 Million |
+18.23% |
| 2022-12-31 | AU$131.68 Million ≈ $93.17 Million |
-5.84% |
| 2021-12-31 | AU$139.84 Million ≈ $98.95 Million |
+137.37% |
| 2020-12-31 | AU$58.91 Million ≈ $41.68 Million |
-8.80% |
| 2019-12-31 | AU$64.60 Million ≈ $45.71 Million |
-31.36% |
| 2018-12-31 | AU$94.11 Million ≈ $66.59 Million |
+69.48% |
| 2017-12-31 | AU$55.53 Million ≈ $39.29 Million |
+15.67% |
| 2016-12-31 | AU$48.01 Million ≈ $33.97 Million |
+123.43% |
| 2015-12-31 | AU$21.49 Million ≈ $15.20 Million |
+1493.39% |
| 2014-12-31 | AU$1.35 Million ≈ $954.20K |
-91.90% |
| 2013-12-31 | AU$16.65 Million ≈ $11.78 Million |
+2.88% |
| 2012-12-31 | AU$16.19 Million ≈ $11.45 Million |
+227.34% |
| 2011-12-31 | AU$4.94 Million ≈ $3.50 Million |
+38.35% |
| 2010-12-31 | AU$3.57 Million ≈ $2.53 Million |
+122.09% |
| 2009-12-31 | AU$1.61 Million ≈ $1.14 Million |
-34.96% |
| 2008-12-31 | AU$2.47 Million ≈ $1.75 Million |
-30.77% |
| 2007-12-31 | AU$3.57 Million ≈ $2.53 Million |
+59.73% |
| 2006-12-31 | AU$2.24 Million ≈ $1.58 Million |
+34.56% |
| 2005-12-31 | AU$1.66 Million ≈ $1.18 Million |
+149.14% |
| 2002-12-31 | AU$-3.38 Million ≈ $-2.39 Million |
-176.75% |
| 2001-12-31 | AU$4.41 Million ≈ $3.12 Million |
-2.37% |
| 2000-12-31 | AU$4.52 Million ≈ $3.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to 88 Energy Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 33993392600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$392.62 Million | 448.10% |
| Other Comprehensive Income | AU$34.93 Million | 39.87% |
| Total Equity | AU$87.62 Million | 100.00% |
88 Energy Ltd Competitors by Market Cap
The table below lists competitors of 88 Energy Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SPARK VC S.A. ZY 10
F:8N2
|
$18.84 Million |
|
WiMi Hologram Cloud Inc
NASDAQ:WIMI
|
$18.85 Million |
|
Seven Principles AG
XETRA:T3T1
|
$18.85 Million |
|
Ecolomondo Corp
V:ECM
|
$18.87 Million |
|
Ordinary Fully Paid Deferred Settlement
AU:88EDA
|
$18.83 Million |
|
Catenon S.A
MC:COM
|
$18.83 Million |
|
PERFORMANCE SHIPP.
F:DS2
|
$18.82 Million |
|
Karsu Tekstil Sanayi ve Ticaret AS
IS:KRTEK
|
$18.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 88 Energy Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 148,637,240 to 87,618,381, a change of -61,018,859 (-41.1%).
- Net loss of 52,910,425 reduced equity.
- Other comprehensive income decreased equity by 8,108,434.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-52.91 Million | -60.39% |
| Other Comprehensive Income | AU$-8.11 Million | -9.25% |
| Total Change | AU$- | -41.05% |
Book Value vs Market Value Analysis
This analysis compares 88 Energy Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.00x to 0.26x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | AU$15.46 | AU$0.02 | x |
| 2006-12-31 | AU$12.48 | AU$0.02 | x |
| 2007-12-31 | AU$16.80 | AU$0.02 | x |
| 2008-12-31 | AU$2.25 | AU$0.02 | x |
| 2009-12-31 | AU$0.81 | AU$0.02 | x |
| 2010-12-31 | AU$1.37 | AU$0.02 | x |
| 2011-12-31 | AU$1.47 | AU$0.02 | x |
| 2012-12-31 | AU$3.75 | AU$0.02 | x |
| 2013-12-31 | AU$2.96 | AU$0.02 | x |
| 2014-12-31 | AU$3.22 | AU$0.02 | x |
| 2015-12-31 | AU$0.17 | AU$0.02 | x |
| 2016-12-31 | AU$0.02 | AU$0.02 | x |
| 2017-12-31 | AU$0.33 | AU$0.02 | x |
| 2018-12-31 | AU$0.39 | AU$0.02 | x |
| 2019-12-31 | AU$0.01 | AU$0.02 | x |
| 2020-12-31 | AU$0.01 | AU$0.02 | x |
| 2021-12-31 | AU$0.22 | AU$0.02 | x |
| 2022-12-31 | AU$0.20 | AU$0.02 | x |
| 2023-12-31 | AU$0.17 | AU$0.02 | x |
| 2024-12-31 | AU$0.13 | AU$0.02 | x |
| 2025-12-31 | AU$0.08 | AU$0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 88 Energy Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -60.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15320.81%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.00x
- Recent ROE (-60.39%) is above the historical average (-118.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 227.36% | 9950.00% | 0.02x | 1.03x | AU$3.61 Million |
| 2006 | -13.72% | -379.01% | 0.04x | 1.01x | AU$-530.77K |
| 2007 | -26.36% | -677.70% | 0.04x | 1.02x | AU$-1.30 Million |
| 2008 | -79.74% | -1084.07% | 0.07x | 1.03x | AU$-2.22 Million |
| 2009 | -53.75% | -1218.31% | 0.04x | 1.05x | AU$-1.03 Million |
| 2010 | -48.46% | -1799.93% | 0.03x | 1.06x | AU$-2.09 Million |
| 2011 | -51.84% | -2727.44% | 0.02x | 1.23x | AU$-3.06 Million |
| 2012 | -29.48% | -10190.27% | 0.00x | 1.03x | AU$-6.39 Million |
| 2013 | -41.39% | -1362.23% | 0.03x | 1.05x | AU$-8.56 Million |
| 2014 | -2054.99% | -15759.45% | 0.10x | 1.29x | AU$-27.85 Million |
| 2015 | -29.34% | -43482.76% | 0.00x | 1.70x | AU$-8.45 Million |
| 2016 | -19.58% | -17329.03% | 0.00x | 1.60x | AU$-14.20 Million |
| 2017 | -15.14% | -131390.63% | 0.00x | 1.47x | AU$-13.96 Million |
| 2018 | -6.37% | -11843.74% | 0.00x | 1.32x | AU$-15.41 Million |
| 2019 | -56.94% | -63293.75% | 0.00x | 1.45x | AU$-43.24 Million |
| 2020 | -41.81% | -470019.83% | 0.00x | 1.45x | AU$-30.52 Million |
| 2021 | -2.58% | -253936.06% | 0.00x | 1.04x | AU$-17.59 Million |
| 2022 | -53.71% | -2828880.00% | 0.00x | 1.01x | AU$-83.89 Million |
| 2023 | -9.27% | -2882.44% | 0.00x | 1.01x | AU$-30.01 Million |
| 2024 | -22.08% | -3994.77% | 0.01x | 1.00x | AU$-47.68 Million |
| 2025 | -60.39% | -15320.81% | 0.00x | 1.00x | AU$-61.67 Million |
Industry Comparison
This section compares 88 Energy Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $32,696,855
- Average return on equity (ROE) among peers: -35.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 88 Energy Ltd (88E) | AU$87.62 Million | 227.36% | 0.00x | $18.83 Million |
| ADX Energy Ltd (ADX) | $1.07 Million | -202.11% | 0.87x | $17.09 Million |
| Australis Oil & Gas Ltd (ATS) | $33.91 Million | -6.74% | 0.04x | $14.76 Million |
| Bass Oil Ltd (BAS) | $8.83 Million | -4.33% | 0.03x | $13.76 Million |
| Blue Energy Ltd (BLU) | $12.99 Million | 1.66% | 0.33x | $8.52 Million |
| Blue Star Helium Ltd (BNL) | $38.47 Million | 0.75% | 0.22x | $22.90 Million |
| Beach Energy Ltd (BPT) | $10.65 Million | -29.49% | 0.71x | $1.56 Billion |
| Brookside Energy Ltd (BRK) | $8.45 Million | -40.07% | 0.25x | $27.61 Million |
| Buru Energy Ltd (BRU) | $43.45 Million | -24.74% | 0.42x | $9.22 Million |
| Beetaloo Energy Australia Limited (BTL) | $136.44 Million | -15.62% | 0.22x | $271.84 Million |
About 88 Energy Ltd
88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. The company operates through three segments: Oil and Gas exploration in Alaska, USA.; Oil & Gas production in Texas, USA.; and Oil & Gas exploration, Namibia. 88 Energy Limited was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February… Read more