African Gold Ltd (A1G) - Net Assets
Based on the latest financial reports, African Gold Ltd (A1G) has net assets worth AU$18.42 Million AUD (≈ $13.04 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$21.65 Million ≈ $15.32 Million USD) and total liabilities (AU$3.23 Million ≈ $2.28 Million 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 African Gold Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$18.42 Million |
| % of Total Assets | 85.1% |
| Annual Growth Rate | 25.21% |
| 5-Year Change | 65.53% |
| 10-Year Change | N/A |
| Growth Volatility | 44.78 |
African Gold Ltd - Net Assets Trend (2018–2025)
This chart illustrates how African Gold Ltd's net assets have evolved over time, based on quarterly financial data. Also explore African Gold Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for African Gold Ltd (2018–2025)
The table below shows the annual net assets of African Gold Ltd from 2018 to 2025. For live valuation and market cap data, see A1G market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$18.42 Million ≈ $13.04 Million |
+116.18% |
| 2024-12-31 | AU$8.52 Million ≈ $6.03 Million |
-17.30% |
| 2023-12-31 | AU$10.30 Million ≈ $7.29 Million |
-6.98% |
| 2022-12-31 | AU$11.08 Million ≈ $7.84 Million |
-0.47% |
| 2021-12-31 | AU$11.13 Million ≈ $7.88 Million |
+73.39% |
| 2020-12-31 | AU$6.42 Million ≈ $4.54 Million |
+19.44% |
| 2019-12-31 | AU$5.37 Million ≈ $3.80 Million |
+40.80% |
| 2018-12-31 | AU$3.82 Million ≈ $2.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to African Gold 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 2343016300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$36.03 Million | 195.59% |
| Other Comprehensive Income | AU$7.19 Million | 39.02% |
| Total Equity | AU$18.42 Million | 100.00% |
African Gold Ltd Competitors by Market Cap
The table below lists competitors of African Gold Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deutsche Pfandbriefbank AG
XETRA:PBB
|
$419.03 Million |
|
KKR Real Estate Finance Trust Inc
NYSE:KREF
|
$419.08 Million |
|
Xiangyang BOYA Precision Industrial Equipments Co. Ltd
SHE:300971
|
$419.20 Million |
|
Teck Resources Limited
F:TPT
|
$419.36 Million |
|
Atrium Mortgage Investment Corp
TO:AI
|
$418.84 Million |
|
Ananti Inc
KQ:025980
|
$418.82 Million |
|
ZH.JIN.ENV.HLDG DL-00001
F:3UG
|
$418.52 Million |
|
Heliostar Metals Ltd
V:HSTR
|
$418.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in African Gold Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,522,000 to 18,423,126, a change of 9,901,126 (116.2%).
- Net loss of 16,481,017 reduced equity.
- Share repurchases of 66,165 reduced equity.
- New share issuances of 7,955,244 increased equity.
- Other comprehensive income increased equity by 5,378,422.
- Other factors increased equity by 13,114,642.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-16.48 Million | -89.46% |
| Share Repurchases | AU$66.17K | -0.36% |
| Share Issuances | AU$7.96 Million | +43.18% |
| Other Comprehensive Income | AU$5.38 Million | +29.19% |
| Other Changes | AU$13.11 Million | +71.19% |
| Total Change | AU$- | 116.18% |
Book Value vs Market Value Analysis
This analysis compares African Gold 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: 27.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 9.21x to 27.21x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$0.11 | AU$1.04 | x |
| 2019-12-31 | AU$0.08 | AU$1.04 | x |
| 2020-12-31 | AU$0.08 | AU$1.04 | x |
| 2021-12-31 | AU$0.10 | AU$1.04 | x |
| 2022-12-31 | AU$0.09 | AU$1.04 | x |
| 2023-12-31 | AU$0.06 | AU$1.04 | x |
| 2024-12-31 | AU$0.03 | AU$1.04 | x |
| 2025-12-31 | AU$0.04 | AU$1.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently African Gold Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -89.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.18x
- Recent ROE (-89.46%) is below the historical average (-37.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -35.85% | -1520638.89% | 0.00x | 1.08x | AU$-1.75 Million |
| 2019 | -18.30% | 0.00% | 0.00x | 1.15x | AU$-1.52 Million |
| 2020 | -11.14% | 0.00% | 0.00x | 1.01x | AU$-1.36 Million |
| 2021 | -22.75% | 0.00% | 0.00x | 1.07x | AU$-3.65 Million |
| 2022 | -18.17% | 0.00% | 0.00x | 1.05x | AU$-3.12 Million |
| 2023 | -17.56% | 0.00% | 0.00x | 1.09x | AU$-2.84 Million |
| 2024 | -85.61% | 0.00% | 0.00x | 1.07x | AU$-8.15 Million |
| 2025 | -89.46% | 0.00% | 0.00x | 1.18x | AU$-18.32 Million |
Industry Comparison
This section compares African Gold Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $5,109,570
- Average return on equity (ROE) among peers: -28.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| African Gold Ltd (A1G) | AU$18.42 Million | -35.85% | 0.18x | $419.02 Million |
| Morella Corporation Ltd (1MC) | $16.53 Million | -35.29% | 0.29x | $8.08 Million |
| Amaero Ltd (3DA) | $29.43 Million | -63.84% | 0.70x | $252.75 Million |
| 6K Additive Inc (6KA) | $-42.72 Million | 0.00% | 0.00x | $160.74 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $151.02 Million |
| Albright Metals Ltd (ABR) | $10.99 Million | -9.29% | 0.07x | $3.68 Million |
| Audalia Resources Ltd (ACP) | $4.75 Million | -16.80% | 1.00x | $14.72 Million |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $16.28 Million |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $3.13 Million |
| Andromeda Metals Ltd (ADN) | $11.27 Million | 35.85% | 0.04x | $26.17 Million |
About African Gold Ltd
African Gold Limited, together with its subsidiaries, engages in acquiring, exploring, evaluating, and exploiting mineral resource projects in Africa. It primarily explores for gold, nickel, cobalt, copper, lithium, tantalum, niobium, and beryllium deposits. The company's flagship project is the Didievi gold project located in Côte d'Ivoire. African Gold Limited was incorporated in 2018 and is he… Read more