Carbine Resources Ltd (CRB) - Net Assets

Latest as of December 2025: AU$9.91 Million AUD ≈ $7.01 Million USD

Based on the latest financial reports, Carbine Resources Ltd (CRB) has net assets worth AU$9.91 Million AUD (≈ $7.01 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$9.97 Million ≈ $7.05 Million USD) and total liabilities (AU$55.75K ≈ $39.45K 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 Carbine Resources Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$9.91 Million
% of Total Assets	99.44%
Annual Growth Rate	4.05%
5-Year Change	-11.62%
10-Year Change	46.27%
Growth Volatility	120.25

Carbine Resources Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Carbine Resources Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Carbine Resources Ltd fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Carbine Resources Ltd (2007–2025)

The table below shows the annual net assets of Carbine Resources Ltd from 2007 to 2025. For live valuation and market cap data, see market value of Carbine Resources Ltd.

Year	Net Assets	Change
2025-12-31	AU$9.91 Million ≈ $7.01 Million	+11.42%
2024-12-31	AU$8.90 Million ≈ $6.30 Million	-8.46%
2023-12-31	AU$9.72 Million ≈ $6.88 Million	-0.08%
2022-12-31	AU$9.73 Million ≈ $6.88 Million	-13.27%
2021-12-31	AU$11.22 Million ≈ $7.94 Million	+342.00%
2020-12-31	AU$2.54 Million ≈ $1.80 Million	-5.82%
2019-12-31	AU$2.69 Million ≈ $1.91 Million	-23.00%
2018-12-31	AU$3.50 Million ≈ $2.48 Million	-12.95%
2017-12-31	AU$4.02 Million ≈ $2.84 Million	-40.69%
2016-12-31	AU$6.78 Million ≈ $4.80 Million	+166.37%
2015-12-31	AU$2.54 Million ≈ $1.80 Million	-39.50%
2014-12-31	AU$4.21 Million ≈ $2.98 Million	-22.89%
2013-12-31	AU$5.45 Million ≈ $3.86 Million	-15.52%
2012-12-31	AU$6.46 Million ≈ $4.57 Million	-6.27%
2011-12-31	AU$6.89 Million ≈ $4.87 Million	-19.83%
2010-12-31	AU$8.59 Million ≈ $6.08 Million	+356.11%
2009-12-31	AU$1.88 Million ≈ $1.33 Million	-5.66%
2008-12-31	AU$2.00 Million ≈ $1.41 Million	-58.86%
2007-12-31	AU$4.85 Million ≈ $3.43 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Carbine Resources 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 3698244200.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	AU$42.65 Million	430.23%
Other Comprehensive Income	AU$5.01 Million	50.57%
Total Equity	AU$9.91 Million	100.00%

Carbine Resources Ltd Competitors by Market Cap

The table below lists competitors of Carbine Resources Ltd ranked by their market capitalization.

Company	Market Cap
Akari Therapeutics PLC NASDAQ:AKTX	$7.15 Million
Yoshiharu Global Co. NASDAQ:YOSH	$7.16 Million
Trive Property Group Bhd KLSE:0118	$7.19 Million
Lanakam S.A AT:LANAC	$7.19 Million
Asuransi Bina Dana Arta Tbk JK:ABDA	$7.15 Million
Pacific Nickel Mines Ltd AU:PNM	$7.15 Million
LCK Global Kedaton JK:LCKM	$7.15 Million
Tyranna Resources Ltd AU:TYX	$7.15 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 8,897,528 to 9,913,432, a change of 1,015,904 (11.4%).
Net loss of 735,758 reduced equity.
Share repurchases of 1,830,380 reduced equity.
New share issuances of 1,830,384 increased equity.
Other comprehensive income increased equity by 30,500.
Other factors increased equity by 1,721,158.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-735.76K	-7.42%
Share Repurchases	AU$1.83 Million	-18.46%
Share Issuances	AU$1.83 Million	+18.46%
Other Comprehensive Income	AU$30.50K	+0.31%
Other Changes	AU$1.72 Million	+17.36%
Total Change	AU$-	11.42%

Book Value vs Market Value Analysis

This analysis compares Carbine Resources 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: 1.04x
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 0.11x to 1.04x 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$0.11	AU$0.01	x
2008-12-31	AU$0.04	AU$0.01	x
2009-12-31	AU$0.04	AU$0.01	x
2010-12-31	AU$0.12	AU$0.01	x
2011-12-31	AU$0.06	AU$0.01	x
2012-12-31	AU$0.05	AU$0.01	x
2013-12-31	AU$0.04	AU$0.01	x
2014-12-31	AU$0.03	AU$0.01	x
2015-12-31	AU$0.02	AU$0.01	x
2016-12-31	AU$0.04	AU$0.01	x
2017-12-31	AU$0.02	AU$0.01	x
2018-12-31	AU$0.02	AU$0.01	x
2019-12-31	AU$0.01	AU$0.01	x
2020-12-31	AU$0.01	AU$0.01	x
2021-12-31	AU$0.04	AU$0.01	x
2022-12-31	AU$0.02	AU$0.01	x
2023-12-31	AU$0.02	AU$0.01	x
2024-12-31	AU$0.02	AU$0.01	x
2025-12-31	AU$0.01	AU$0.01	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Carbine Resources 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): -7.42%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4650.81%
• Asset Turnover: 0.00x
• Equity Multiplier: 1.01x
Recent ROE (-7.42%) is above the historical average (-42.47%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	-15.82%	-552.52%	0.03x	1.04x	AU$-1.25 Million
2008	-251.47%	-4483.04%	0.05x	1.03x	AU$-5.22 Million
2009	1.18%	4.17%	0.28x	1.00x	AU$-166.08K
2010	-63.04%	-6787.05%	0.01x	1.04x	AU$-6.28 Million
2011	-101.81%	-1491.91%	0.06x	1.16x	AU$-7.70 Million
2012	-7.68%	-38719.75%	0.00x	1.01x	AU$-1.14 Million
2013	-20.11%	-618.43%	0.03x	1.01x	AU$-1.64 Million
2014	-33.31%	-799.80%	0.04x	1.02x	AU$-1.82 Million
2015	-72.91%	-2065.43%	0.03x	1.05x	AU$-2.11 Million
2016	-66.43%	-7067.28%	0.01x	1.03x	AU$-5.18 Million
2017	-62.34%	-2266.52%	0.03x	1.07x	AU$-2.91 Million
2018	-14.89%	-905.43%	0.02x	1.01x	AU$-870.92K
2019	-29.87%	-8047.71%	0.00x	1.04x	AU$-1.07 Million
2020	-6.19%	-1543.45%	0.00x	1.01x	AU$-410.76K
2021	-15.83%	-15209.94%	0.00x	1.03x	AU$-2.90 Million
2022	-15.30%	-5649.56%	0.00x	1.01x	AU$-2.46 Million
2023	-13.30%	-2173.58%	0.01x	1.00x	AU$-2.26 Million
2024	-10.41%	-2927.24%	0.00x	1.01x	AU$-1.82 Million
2025	-7.42%	-4650.81%	0.00x	1.01x	AU$-1.73 Million

Industry Comparison

This section compares Carbine Resources 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: $25,261,051
Average return on equity (ROE) among peers: -26.84%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Carbine Resources Ltd (CRB)	AU$9.91 Million	-15.82%	0.01x	$7.15 Million
Morella Corporation Ltd (1MC)	$6.08 Million	10.70%	0.57x	$7.21 Million
Amaero Ltd (3DA)	$1.45 Million	-32.00%	0.42x	$185.35 Million
6K Additive Inc (6KA)	$-21.36 Million	0.00%	0.00x	$150.34 Million
Atlantic Lithium Ltd (A11)	$68.24 Million	-7.18%	0.06x	$175.81 Million
African Gold Ltd (A1G)	$5.37 Million	-18.30%	0.15x	$419.02 Million
Albright Metals Ltd (ABR)	$10.99 Million	-9.29%	0.07x	$3.15 Million
Audalia Resources Ltd (ACP)	$6.55 Million	-38.02%	6.45x	$14.69 Million
Accent Resources NL (ACS)	$1.87 Million	-166.61%	2.43x	$13.51 Million
Acdc Metals Ltd (ADC)	$11.27 Million	-1.92%	0.01x	$3.42 Million
Andromeda Metals Ltd (ADN)	$162.16 Million	-5.83%	0.02x	$22.90 Million

About Carbine Resources Ltd

AU:CRB Australia Other Industrial Metals & Mining

Market Cap

$10.12 Million

AU$14.30 Million AUD

Market Cap Rank

#27799 Global

#1427 in Australia

Share Price

AU$0.01

Change (1 day)

+0.00%

52-Week Range

AU$0.00 - AU$0.01

All Time High

AU$0.28