Challenger Gold Ltd (CEL) - Net Assets

Latest as of December 2025: AU$240.90 Million AUD ≈ $170.45 Million USD

Based on the latest financial reports, Challenger Gold Ltd (CEL) has net assets worth AU$240.90 Million AUD (≈ $170.45 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$274.27 Million ≈ $194.07 Million USD) and total liabilities (AU$33.37 Million ≈ $23.61 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 strategic asset allocation of Challenger Gold Ltd to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$240.90 Million
% of Total Assets	87.83%
Annual Growth Rate	26.84%
5-Year Change	89.07%
10-Year Change	229.22%
Growth Volatility	35919.98

Challenger Gold Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Challenger Gold Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Challenger Gold Ltd.

Annual Net Assets for Challenger Gold Ltd (2007–2025)

The table below shows the annual net assets of Challenger Gold Ltd from 2007 to 2025. Also explore how fast is Challenger Gold Ltd growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	AU$240.90 Million ≈ $170.45 Million	+18.65%
2025-06-30	AU$203.04 Million ≈ $143.66 Million	0.00%
2024-12-31	AU$203.04 Million ≈ $143.66 Million	+59.36%
2024-06-30	AU$127.41 Million ≈ $90.15 Million	0.00%
2023-12-31	AU$127.41 Million ≈ $90.15 Million	-14.63%
2023-06-30	AU$149.24 Million ≈ $105.59 Million	0.00%
2022-12-31	AU$149.24 Million ≈ $105.59 Million	+5.26%
2022-06-30	AU$141.78 Million ≈ $100.32 Million	0.00%
2021-12-31	AU$141.78 Million ≈ $100.32 Million	+93.76%
2021-06-30	AU$73.17 Million ≈ $51.77 Million	0.00%
2020-12-31	AU$73.17 Million ≈ $51.77 Million	+394.62%
2020-06-30	AU$14.79 Million ≈ $10.47 Million	0.00%
2019-12-31	AU$14.79 Million ≈ $10.47 Million	+206324.19%
2019-06-30	AU$7.17K ≈ $5.07K	0.00%
2018-12-31	AU$7.17K ≈ $5.07K	+1701.22%
2018-06-30	AU$-447.58 ≈ $-316.69	0.00%
2017-12-31	AU$-447.58 ≈ $-316.69	-4.63%
2017-06-30	AU$-427.77 ≈ $-302.67	0.00%
2016-12-31	AU$-427.77 ≈ $-302.67	-100.05%
2016-06-30	AU$927.18K ≈ $656.04K	0.00%
2015-12-31	AU$927.18K ≈ $656.04K	+16761.93%
2015-06-30	AU$5.50K ≈ $3.89K	0.00%
2014-12-31	AU$5.50K ≈ $3.89K	-99.90%
2014-06-30	AU$5.28 Million ≈ $3.73 Million	0.00%
2013-12-31	AU$5.28 Million ≈ $3.73 Million	+4.73%
2013-06-30	AU$5.04 Million ≈ $3.56 Million	0.00%
2012-12-31	AU$5.04 Million ≈ $3.56 Million	-62.91%
2012-06-30	AU$13.58 Million ≈ $9.61 Million	0.00%
2011-12-31	AU$13.58 Million ≈ $9.61 Million	-27.79%
2011-06-30	AU$18.81 Million ≈ $13.31 Million	0.00%
2010-12-31	AU$18.81 Million ≈ $13.31 Million	+54.26%
2010-06-30	AU$12.19 Million ≈ $8.63 Million	0.00%
2009-12-31	AU$12.19 Million ≈ $8.63 Million	+218.82%
2009-06-30	AU$3.82 Million ≈ $2.71 Million	0.00%
2008-12-31	AU$3.82 Million ≈ $2.71 Million	+14.63%
2008-06-30	AU$3.34 Million ≈ $2.36 Million	0.00%
2007-12-31	AU$3.34 Million ≈ $2.36 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Challenger 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 grown by 18070163500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	AU$180.39 Million	74.88%
Common Stock	AU$222.19 Million	92.23%
Other Comprehensive Income	AU$-161.68 Million	-67.11%
Total Equity	AU$240.90 Million	100.00%

Challenger Gold Ltd Competitors by Market Cap

The table below lists competitors of Challenger Gold Ltd ranked by their market capitalization.

Company	Market Cap
BRC Group Holdings, Inc. NASDAQ:RILY	$231.69 Million
Samaiden Group Bhd KLSE:0223	$231.70 Million
Dabaco VN:DBC	$231.77 Million
Ace Bed Company Limited KQ:003800	$231.80 Million
Eagle High Plantations Tbk JK:BWPT	$231.60 Million
Launchpad Cadenza Acquisition Corp I Class A Ordinary Share NASDAQ:LPCV	$231.50 Million
ITHAX Acquisition Corp III Class A Ordinary Shares NASDAQ:ITHA	$231.38 Million
Smart Eye AB ST:SEYE	$231.38 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Challenger Gold Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2025, total equity changed from 203,040,264 to 240,899,327, a change of 37,859,063 (18.6%).
Net income of 5,771,005 contributed positively to equity growth.
Share repurchases of 3,826,120 reduced equity.
New share issuances of 74,375,728 increased equity.
Other comprehensive income decreased equity by 38,772,273.

Equity Change Factors (2025 to 2025)

Factor	Impact	Contribution
Net Income	AU$5.77 Million	+2.4%
Share Repurchases	AU$3.83 Million	-1.59%
Share Issuances	AU$74.38 Million	+30.87%
Other Comprehensive Income	AU$-38.77 Million	-16.09%
Other Changes	AU$310.72K	+0.13%
Total Change	AU$-	18.65%

Book Value vs Market Value Analysis

This analysis compares Challenger 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: 0.82x
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 0.38x to 0.82x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	AU$5.07	AU$1.93	x
2008-06-30	AU$0.25	AU$1.93	x
2008-12-31	AU$11.46	AU$1.93	x
2009-06-30	AU$0.57	AU$1.93	x
2009-12-31	AU$20.19	AU$1.93	x
2010-06-30	AU$1.01	AU$1.93	x
2010-12-31	AU$12.58	AU$1.93	x
2011-06-30	AU$0.63	AU$1.93	x
2011-12-31	AU$5.44	AU$1.93	x
2012-06-30	AU$0.27	AU$1.93	x
2012-12-31	AU$1.49	AU$1.93	x
2013-06-30	AU$0.07	AU$1.93	x
2013-12-31	AU$1.56	AU$1.93	x
2014-06-30	AU$0.08	AU$1.93	x
2014-12-31	AU$0.00	AU$1.93	x
2015-06-30	AU$0.00	AU$1.93	x
2015-12-31	AU$0.00	AU$1.93	x
2016-06-30	AU$0.00	AU$1.93	x
2016-12-31	AU$0.00	AU$1.93	x
2017-06-30	AU$0.00	AU$1.93	x
2017-12-31	AU$0.00	AU$1.93	x
2018-06-30	AU$0.00	AU$1.93	x
2018-12-31	AU$0.00	AU$1.93	x
2019-06-30	AU$0.00	AU$1.93	x
2019-12-31	AU$0.60	AU$1.93	x
2020-06-30	AU$0.03	AU$1.93	x
2020-12-31	AU$1.95	AU$1.93	x
2021-06-30	AU$0.10	AU$1.93	x
2021-12-31	AU$2.93	AU$1.93	x
2022-06-30	AU$0.15	AU$1.93	x
2022-12-31	AU$2.85	AU$1.93	x
2023-06-30	AU$0.14	AU$1.93	x
2023-12-31	AU$2.18	AU$1.93	x
2024-06-30	AU$0.11	AU$1.93	x
2024-12-31	AU$2.91	AU$1.93	x
2025-06-30	AU$0.15	AU$1.93	x
2025-12-31	AU$2.34	AU$1.93	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Challenger 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): 2.40%
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: 1.14x
Recent ROE (2.40%) is above the historical average (-21360.00%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	-9.37%	-322.81%	0.03x	1.03x	AU$-646.13K
2008	-9.37%	-322.81%	0.03x	1.03x	AU$-646.13K
2008	-12.78%	-117.19%	0.10x	1.05x	AU$-871.19K
2009	-12.78%	-117.19%	0.10x	1.05x	AU$-871.19K
2009	-8.83%	-305.12%	0.03x	1.04x	AU$-2.30 Million
2010	-8.83%	-305.12%	0.03x	1.04x	AU$-2.30 Million
2010	-24.41%	-1238.54%	0.02x	1.04x	AU$-6.29 Million
2011	-24.41%	-1238.54%	0.02x	1.04x	AU$-6.29 Million
2011	-71.42%	-2489.49%	0.03x	1.08x	AU$-10.70 Million
2012	-71.42%	-2489.49%	0.03x	1.08x	AU$-10.70 Million
2012	-175.91%	0.00%	0.00x	1.14x	AU$-8.62 Million
2013	-175.91%	0.00%	0.00x	1.14x	AU$-8.62 Million
2013	-24.35%	0.00%	0.00x	1.07x	AU$-1.75 Million
2014	-24.35%	0.00%	0.00x	1.07x	AU$-1.75 Million
2014	-23635.58%	-2193.62%	9.56x	1.13x	AU$-1.26 Million
2015	-23635.58%	-2193.62%	9.56x	1.13x	AU$-1.26 Million
2015	-289900.08%	-15181.41%	0.01x	2575.24x	AU$-1.04 Million
2016	-289900.08%	-15181.41%	0.01x	2575.24x	AU$-1.04 Million
2016	0.00%	-16009.40%	14.02x	0.00x	AU$-859.67K
2017	0.00%	-16009.40%	14.02x	0.00x	AU$-859.67K
2017	0.00%	1080.36%	8.82x	0.00x	AU$12.03K
2018	0.00%	1080.36%	8.82x	0.00x	AU$12.03K
2018	-81417.75%	-19449913.33%	0.00x	1.17x	AU$-5.84 Million
2019	-81417.75%	-19449913.33%	0.00x	1.17x	AU$-5.84 Million
2019	-11.73%	-53393.82%	0.00x	1.08x	AU$-3.21 Million
2020	-11.73%	-53393.82%	0.00x	1.08x	AU$-3.21 Million
2020	0.82%	17241.01%	0.00x	1.10x	AU$-6.72 Million
2021	0.82%	17241.01%	0.00x	1.10x	AU$-6.72 Million
2021	18.19%	1364336.77%	0.00x	1.08x	AU$11.61 Million
2022	18.19%	1364336.77%	0.00x	1.08x	AU$11.61 Million
2022	33.08%	202087.35%	0.00x	1.20x	AU$34.45 Million
2023	33.08%	202087.35%	0.00x	1.20x	AU$34.45 Million
2023	42.27%	47661.09%	0.00x	1.15x	AU$41.12 Million
2024	42.27%	47661.09%	0.00x	1.15x	AU$41.12 Million
2024	36.74%	105260.64%	0.00x	1.12x	AU$54.29 Million
2025	36.74%	105260.64%	0.00x	1.12x	AU$54.29 Million
2025	2.40%	0.00%	0.00x	1.14x	AU$-18.32 Million

Industry Comparison

This section compares Challenger Gold Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.

Industry Context

Industry: Other Precious Metals & Mining
Average net assets among peers: $62,101,986
Average return on equity (ROE) among peers: -131.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Challenger Gold Ltd (CEL)	AU$240.90 Million	-9.37%	0.14x	$231.63 Million
29METALS Ltd (29M)	$446.06 Million	5.42%	1.34x	$427.21 Million
Aic Mines Ltd (A1M)	$55.84 Million	-7.78%	0.01x	$443.03 Million
Austral Gold Ltd (AGD)	$32.83 Million	-49.64%	2.05x	$70.91 Million
Alvo Minerals Ltd (ALV)	$9.35 Million	-23.67%	0.02x	$3.80 Million
Alicanto Minerals Ltd (AQI)	$1.50 Million	-98.90%	0.35x	$154.07 Million
Argent Minerals Ltd (ARD)	$3.46 Million	-27.47%	0.03x	$26.50 Million
Askari Metals Ltd (AS2)	$6.17 Million	-115.87%	0.26x	$3.81 Million
Avira Resources Ltd (AVW)	$2.98 Million	-136.30%	3.34x	$2.60 Million
Antipa Minerals Ltd (AZY)	$61.42 Million	-5.79%	0.19x	$278.99 Million
Burgundy Diamond Mines Ltd (BDM)	$1.43 Million	-850.18%	0.25x	$17.10 Million

About Challenger Gold Ltd

AU:CEL Australia Other Precious Metals & Mining

Market Cap

$231.63 Million

AU$327.37 Million AUD

Market Cap Rank

#16082 Global

#435 in Australia

Share Price

AU$1.93

Change (1 day)

-7.00%

52-Week Range

AU$0.11 - AU$2.80

All Time High

AU$2.80