AMP Ltd (AMP) - Net Assets
Based on the latest financial reports, AMP Ltd (AMP) has net assets worth AU$3.74 Billion AUD (≈ $2.65 Billion 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$34.21 Billion ≈ $24.21 Billion USD) and total liabilities (AU$30.47 Billion ≈ $21.56 Billion 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 AMP Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$3.74 Billion |
| % of Total Assets | 10.94% |
| Annual Growth Rate | -4.85% |
| 5-Year Change | -9.08% |
| 10-Year Change | -50.35% |
| Growth Volatility | 31.96 |
AMP Ltd - Net Assets Trend (1997–2025)
This chart illustrates how AMP Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of AMP Ltd for the complete picture of this company's asset base.
Annual Net Assets for AMP Ltd (1997–2025)
The table below shows the annual net assets of AMP Ltd from 1997 to 2025. For live valuation and market cap data, see AMP Ltd (AMP) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$3.74 Billion ≈ $2.65 Billion |
+2.52% |
| 2024-12-31 | AU$3.65 Billion ≈ $2.58 Billion |
-5.73% |
| 2023-12-31 | AU$3.87 Billion ≈ $2.74 Billion |
-7.12% |
| 2022-12-31 | AU$4.17 Billion ≈ $2.95 Billion |
+1.29% |
| 2021-12-31 | AU$4.12 Billion ≈ $2.91 Billion |
-3.65% |
| 2020-12-31 | AU$4.27 Billion ≈ $3.02 Billion |
-14.14% |
| 2019-12-31 | AU$4.98 Billion ≈ $3.52 Billion |
-26.70% |
| 2018-12-31 | AU$6.79 Billion ≈ $4.81 Billion |
-6.76% |
| 2017-12-31 | AU$7.28 Billion ≈ $5.15 Billion |
-3.42% |
| 2016-12-31 | AU$7.54 Billion ≈ $5.34 Billion |
-15.22% |
| 2015-12-31 | AU$8.89 Billion ≈ $6.29 Billion |
+6.08% |
| 2014-12-31 | AU$8.38 Billion ≈ $5.93 Billion |
+2.26% |
| 2013-12-31 | AU$8.20 Billion ≈ $5.80 Billion |
+8.88% |
| 2012-12-31 | AU$7.53 Billion ≈ $5.33 Billion |
+9.19% |
| 2011-12-31 | AU$6.90 Billion ≈ $4.88 Billion |
+130.05% |
| 2010-12-31 | AU$3.00 Billion ≈ $2.12 Billion |
+13.82% |
| 2009-12-31 | AU$2.63 Billion ≈ $1.86 Billion |
+24.42% |
| 2008-12-31 | AU$2.12 Billion ≈ $1.50 Billion |
+5.11% |
| 2007-12-31 | AU$2.01 Billion ≈ $1.43 Billion |
-17.93% |
| 2006-12-31 | AU$2.45 Billion ≈ $1.74 Billion |
-13.07% |
| 2005-12-31 | AU$2.82 Billion ≈ $2.00 Billion |
-69.40% |
| 2004-12-31 | AU$9.23 Billion ≈ $6.53 Billion |
+16.93% |
| 2003-12-31 | AU$7.89 Billion ≈ $5.58 Billion |
-55.98% |
| 2002-12-31 | AU$17.92 Billion ≈ $12.68 Billion |
+3.50% |
| 2001-12-31 | AU$17.32 Billion ≈ $12.25 Billion |
+2.33% |
| 2000-12-31 | AU$16.92 Billion ≈ $11.97 Billion |
+10.81% |
| 1999-12-31 | AU$15.27 Billion ≈ $10.81 Billion |
-13.81% |
| 1998-12-31 | AU$17.72 Billion ≈ $12.54 Billion |
+17.66% |
| 1997-12-31 | AU$15.06 Billion ≈ $10.66 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to AMP 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 144.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$4.42 Billion | 118.06% |
| Other Comprehensive Income | AU$858.00 Million | 22.92% |
| Total Equity | AU$3.74 Billion | 100.00% |
AMP Ltd Competitors by Market Cap
The table below lists competitors of AMP Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hytera Communications Corp Ltd
SHE:002583
|
$2.65 Billion |
|
Tonghua Dongbao Pharmaceutical Co Ltd
SHG:600867
|
$2.65 Billion |
|
Acer Incorporated
F:AC5G
|
$2.65 Billion |
|
Artisan Partners Asset Management Inc
NYSE:APAM
|
$2.65 Billion |
|
Highwealth Construction Corp
TW:2542
|
$2.64 Billion |
|
Ero Copper Corp
TO:ERO
|
$2.64 Billion |
|
Corporación Inmobiliaria Vesta, S.A.B de C.V.
NYSE:VTMX
|
$2.64 Billion |
|
Xiangyang Changyuan Donggu Industry Co Ltd
SHG:603950
|
$2.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AMP Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,652,000,000 to 3,744,000,000, a change of 92,000,000 (2.5%).
- Net income of 133,000,000 contributed positively to equity growth.
- Dividend payments of 76,000,000 reduced retained earnings.
- Share repurchases of 12,000,000 reduced equity.
- Other comprehensive income increased equity by 95,000,000.
- Other factors decreased equity by 48,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$133.00 Million | +3.55% |
| Dividends Paid | AU$76.00 Million | -2.03% |
| Share Repurchases | AU$12.00 Million | -0.32% |
| Other Comprehensive Income | AU$95.00 Million | +2.54% |
| Other Changes | AU$-48.00 Million | -1.28% |
| Total Change | AU$- | 2.52% |
Book Value vs Market Value Analysis
This analysis compares AMP 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: 1.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.19x to 1.01x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | AU$7.85 | AU$1.48 | x |
| 1998-12-31 | AU$4.44 | AU$1.48 | x |
| 1999-12-31 | AU$7.17 | AU$1.48 | x |
| 2000-12-31 | AU$4.36 | AU$1.48 | x |
| 2001-12-31 | AU$6.02 | AU$1.48 | x |
| 2002-12-31 | AU$6.70 | AU$1.48 | x |
| 2003-12-31 | AU$1.79 | AU$1.48 | x |
| 2004-12-31 | AU$2.24 | AU$1.48 | x |
| 2005-12-31 | AU$1.53 | AU$1.48 | x |
| 2006-12-31 | AU$1.30 | AU$1.48 | x |
| 2007-12-31 | AU$1.04 | AU$1.48 | x |
| 2008-12-31 | AU$1.09 | AU$1.48 | x |
| 2009-12-31 | AU$1.28 | AU$1.48 | x |
| 2010-12-31 | AU$1.44 | AU$1.48 | x |
| 2011-12-31 | AU$2.60 | AU$1.48 | x |
| 2012-12-31 | AU$2.60 | AU$1.48 | x |
| 2013-12-31 | AU$2.76 | AU$1.48 | x |
| 2014-12-31 | AU$2.78 | AU$1.48 | x |
| 2015-12-31 | AU$2.90 | AU$1.48 | x |
| 2016-12-31 | AU$2.53 | AU$1.48 | x |
| 2017-12-31 | AU$2.47 | AU$1.48 | x |
| 2018-12-31 | AU$2.29 | AU$1.48 | x |
| 2019-12-31 | AU$1.57 | AU$1.48 | x |
| 2020-12-31 | AU$1.22 | AU$1.48 | x |
| 2021-12-31 | AU$1.19 | AU$1.48 | x |
| 2022-12-31 | AU$1.28 | AU$1.48 | x |
| 2023-12-31 | AU$1.33 | AU$1.48 | x |
| 2024-12-31 | AU$1.36 | AU$1.48 | x |
| 2025-12-31 | AU$1.46 | AU$1.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AMP Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.89%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 9.14x
- Recent ROE (3.55%) is below the historical average (7.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 5.90% | 6.18% | 0.15x | 6.32x | AU$-617.90 Million |
| 1998 | -53.57% | 0.00% | 0.00x | 13.01x | AU$-5.51 Billion |
| 1999 | 0.37% | 0.00% | 0.00x | 9.18x | AU$-1.38 Billion |
| 2000 | 4.66% | 1.48% | 0.16x | 20.16x | AU$-469.50 Million |
| 2001 | 5.59% | 4.95% | 0.10x | 11.01x | AU$-695.20 Million |
| 2002 | 5.18% | 0.00% | -0.02x | 11.26x | AU$-675.70 Million |
| 2003 | 46.25% | 15.09% | 0.15x | 19.90x | AU$1.28 Billion |
| 2004 | -16.80% | -6.40% | 0.15x | 17.11x | AU$-1.11 Billion |
| 2005 | 28.79% | 6.73% | 0.14x | 30.42x | AU$528.00 Million |
| 2006 | 37.94% | 6.43% | 0.15x | 40.60x | AU$673.80 Million |
| 2007 | 51.12% | 7.88% | 0.12x | 56.26x | AU$792.30 Million |
| 2008 | 28.47% | 5.39% | 0.12x | 42.59x | AU$376.30 Million |
| 2009 | 28.74% | 6.82% | 0.12x | 34.94x | AU$481.90 Million |
| 2010 | 25.70% | 9.98% | 0.08x | 30.38x | AU$461.20 Million |
| 2011 | 10.07% | 12.47% | 0.05x | 16.15x | AU$5.10 Million |
| 2012 | 9.47% | 4.22% | 0.14x | 15.97x | AU$-39.40 Million |
| 2013 | 8.31% | 3.38% | 0.15x | 16.47x | AU$-137.00 Million |
| 2014 | 10.80% | 5.02% | 0.13x | 16.47x | AU$65.40 Million |
| 2015 | 11.41% | 6.92% | 0.10x | 16.40x | AU$120.10 Million |
| 2016 | -4.61% | -2.39% | 0.10x | 18.77x | AU$-1.09 Billion |
| 2017 | 11.77% | 4.60% | 0.12x | 20.58x | AU$127.80 Million |
| 2018 | 0.42% | 0.34% | 0.06x | 21.75x | AU$-640.50 Million |
| 2019 | -50.76% | -87.95% | 0.02x | 30.39x | AU$-2.95 Billion |
| 2020 | 4.15% | 7.09% | 0.08x | 7.54x | AU$-249.60 Million |
| 2021 | -6.33% | -15.30% | 0.05x | 8.13x | AU$-650.00 Million |
| 2022 | 9.28% | 17.30% | 0.06x | 8.38x | AU$-30.10 Million |
| 2023 | 6.84% | 10.28% | 0.08x | 8.74x | AU$-122.40 Million |
| 2024 | 4.11% | 17.52% | 0.03x | 9.08x | AU$-215.20 Million |
| 2025 | 3.55% | 7.89% | 0.05x | 9.14x | AU$-241.40 Million |
Industry Comparison
This section compares AMP Ltd's net assets metrics with peer companies in the Financial Conglomerates industry.
Industry Context
- Industry: Financial Conglomerates
- Average net assets among peers: $209,281,146
- Average return on equity (ROE) among peers: -30.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AMP Ltd (AMP) | AU$3.74 Billion | 5.90% | 8.14x | $2.64 Billion |
| Investsmart Group Ltd (INV) | $6.32 Million | -21.13% | 0.84x | $8.35 Million |
| Kina Securities Ltd (KSL) | $611.33 Million | 19.05% | 6.66x | $268.44 Million |
| Sequoia Financial Group Ltd (SEQ) | $10.19 Million | -88.13% | 0.28x | $16.91 Million |
About AMP Ltd
AMP Limited provides banking, super, and retirement services in Australia and New Zealand. The company operates through Platforms, Superannuation & Investments, AMP Bank, New Zealand Wealth Management (NZWM), and Group segments. It provides superannuation, retirement, and investment solutions; pension solutions; and AMP Super, a retail master trust. The company also offers residential mortgages, … Read more