Earlypay Ltd (EPY) - Net Assets

Latest as of December 2025: AU$70.10 Million AUD ≈ $49.60 Million USD

Based on the latest financial reports, Earlypay Ltd (EPY) has net assets worth AU$70.10 Million AUD (≈ $49.60 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$319.67 Million ≈ $226.19 Million USD) and total liabilities (AU$249.57 Million ≈ $176.59 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 Earlypay Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$70.10 Million
% of Total Assets	21.93%
Annual Growth Rate	26.41%
5-Year Change	26.55%
10-Year Change	409.47%
Growth Volatility	46.82

Earlypay Ltd - Net Assets Trend (2009–2025)

This chart illustrates how Earlypay Ltd's net assets have evolved over time, based on quarterly financial data. Also explore EPY asset base for the complete picture of this company's asset base.

Annual Net Assets for Earlypay Ltd (2009–2025)

The table below shows the annual net assets of Earlypay Ltd from 2009 to 2025. For live valuation and market cap data, see Earlypay Ltd stock valuation.

Year	Net Assets	Change
2025-06-30	AU$74.05 Million ≈ $52.40 Million	+1.98%
2024-06-30	AU$72.61 Million ≈ $51.38 Million	-1.19%
2023-06-30	AU$73.48 Million ≈ $51.99 Million	-13.64%
2022-06-30	AU$85.09 Million ≈ $60.21 Million	+45.43%
2021-06-30	AU$58.51 Million ≈ $41.40 Million	+9.60%
2020-06-30	AU$53.39 Million ≈ $37.78 Million	+19.18%
2019-06-30	AU$44.80 Million ≈ $31.70 Million	+11.51%
2018-06-30	AU$40.17 Million ≈ $28.43 Million	+144.74%
2017-06-30	AU$16.41 Million ≈ $11.61 Million	+12.93%
2016-06-30	AU$14.54 Million ≈ $10.28 Million	+46.77%
2015-06-30	AU$9.90 Million ≈ $7.01 Million	-3.55%
2014-06-30	AU$10.27 Million ≈ $7.26 Million	+144.74%
2013-06-30	AU$4.20 Million ≈ $2.97 Million	+3.20%
2012-06-30	AU$4.06 Million ≈ $2.88 Million	+34.23%
2011-06-30	AU$3.03 Million ≈ $2.14 Million	+63.21%
2010-06-30	AU$1.86 Million ≈ $1.31 Million	+6.49%
2009-06-30	AU$1.74 Million ≈ $1.23 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Earlypay 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 385488300.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Retained Earnings	AU$1.77 Million	2.40%
Common Stock	AU$71.91 Million	97.11%
Other Comprehensive Income	AU$363.00K	0.49%
Total Equity	AU$74.05 Million	100.00%

Earlypay Ltd Competitors by Market Cap

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

Company	Market Cap
Qmines Ltd AU:QML	$27.49 Million
Nureca Limited NSE:NURECA	$27.50 Million
BMG Resources Ltd AU:BMG	$27.51 Million
DC HEALTHCARE HOLDINGS BERHAD KLSE:0283	$27.52 Million
Volitionrx Ltd NYSE MKT:VNRX	$27.48 Million
GWR Group Ltd AU:GWR	$27.48 Million
B3 Consulting Group AB ST:B3	$27.46 Million
9F Inc NASDAQ:JFU	$27.45 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 72,612,000 to 74,051,000, a change of 1,439,000 (2.0%).
Net income of 2,868,000 contributed positively to equity growth.
Dividend payments of 790,000 reduced retained earnings.
Share repurchases of 134,000 reduced equity.
Other comprehensive income increased equity by 211,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$2.87 Million	+3.87%
Dividends Paid	AU$790.00K	-1.07%
Share Repurchases	AU$134.00K	-0.18%
Other Comprehensive Income	AU$211.00K	+0.28%
Other Changes	AU$-716.00K	-0.97%
Total Change	AU$-	1.98%

Book Value vs Market Value Analysis

This analysis compares Earlypay 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: 0.56x
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 decreased from 4.67x to 0.56x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-06-30	AU$0.03	AU$0.15	x
2010-06-30	AU$0.03	AU$0.15	x
2011-06-30	AU$0.06	AU$0.15	x
2012-06-30	AU$0.07	AU$0.15	x
2013-06-30	AU$0.06	AU$0.15	x
2014-06-30	AU$0.14	AU$0.15	x
2015-06-30	AU$0.10	AU$0.15	x
2016-06-30	AU$0.15	AU$0.15	x
2017-06-30	AU$0.12	AU$0.15	x
2018-06-30	AU$0.22	AU$0.15	x
2019-06-30	AU$0.21	AU$0.15	x
2020-06-30	AU$0.25	AU$0.15	x
2021-06-30	AU$0.25	AU$0.15	x
2022-06-30	AU$0.30	AU$0.15	x
2023-06-30	AU$0.25	AU$0.15	x
2024-06-30	AU$0.25	AU$0.15	x
2025-06-30	AU$0.27	AU$0.15	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Earlypay 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): 3.87%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.63%
• Asset Turnover: 0.16x
• Equity Multiplier: 4.25x
Recent ROE (3.87%) is below the historical average (5.15%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2010	-69.37%	-7.53%	2.40x	3.84x	AU$-1.47 Million
2011	27.46%	4.97%	2.25x	2.45x	AU$528.84K
2012	21.17%	1.21%	4.72x	3.70x	AU$454.08K
2013	18.26%	0.76%	5.83x	4.12x	AU$346.50K
2014	10.83%	0.80%	4.34x	3.13x	AU$85.30K
2015	0.17%	0.01%	2.44x	6.70x	AU$-973.30K
2016	0.26%	0.14%	0.17x	10.77x	AU$-1.42 Million
2017	15.41%	6.32%	0.25x	9.84x	AU$887.50K
2018	7.93%	6.82%	0.18x	6.49x	AU$-831.40K
2019	18.75%	17.70%	0.19x	5.61x	AU$3.92 Million
2020	6.88%	7.84%	0.14x	6.29x	AU$-1.67 Million
2021	12.37%	17.02%	0.11x	6.43x	AU$1.39 Million
2022	15.54%	50.95%	0.05x	5.79x	AU$4.71 Million
2023	-10.54%	-12.79%	0.17x	4.90x	AU$-15.09 Million
2024	3.37%	4.49%	0.17x	4.32x	AU$-4.81 Million
2025	3.87%	5.63%	0.16x	4.25x	AU$-4.54 Million

Industry Comparison

This section compares Earlypay Ltd's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $227,052,348
Average return on equity (ROE) among peers: 43.40%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Earlypay Ltd (EPY)	AU$70.10 Million	-69.37%	3.56x	$27.49 Million
Butn Ltd (BTN)	$18.02 Million	-48.07%	3.32x	$7.26 Million
Credit Corp Group Ltd (CCP)	$247.75 Million	22.26%	1.06x	$516.29 Million
FSA Group Ltd (FSA)	$4.59 Million	28.36%	1.57x	$103.52 Million
Harmoney Corp Ltd (HMY)	$37.13 Million	14.86%	24.46x	$58.17 Million
Humm Group Ltd (HUM)	$233.18 Million	22.20%	2.87x	$206.99 Million
Lawfinance Ltd (LAW)	$2.42 Million	-38.57%	1.63x	$225.95K
Liberty Financial Group (LFG)	$1.12 Billion	19.68%	11.83x	$726.08 Million
Latitude Group Holdings Ltd (LFS)	$379.72 Million	13.52%	21.91x	$673.14 Million
Moneyme Ltd (MME)	$4.52 Million	356.38%	10.00x	$48.86 Million

About Earlypay Ltd

AU:EPY Australia Credit Services

Market Cap

$27.49 Million

AU$38.86 Million AUD

Market Cap Rank

#23996 Global

#974 in Australia

Share Price

AU$0.15

Change (1 day)

+0.00%

52-Week Range

AU$0.15 - AU$0.23

All Time High

AU$0.53