Firefly Metals Ltd (FFM) - Net Assets

Latest as of December 2025: AU$514.48 Million AUD ≈ $364.03 Million USD

Based on the latest financial reports, Firefly Metals Ltd (FFM) has net assets worth AU$514.48 Million AUD (≈ $364.03 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$543.34 Million ≈ $384.45 Million USD) and total liabilities (AU$28.86 Million ≈ $20.42 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. Explore FFM cash flow metrics to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$514.48 Million
% of Total Assets	94.69%
Annual Growth Rate	97.32%
5-Year Change	523.1%
10-Year Change	N/A
Growth Volatility	304.1

Firefly Metals Ltd - Net Assets Trend (2016–2025)

This chart illustrates how Firefly Metals Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Firefly Metals Ltd (FFM) market capitalisation.

Annual Net Assets for Firefly Metals Ltd (2016–2025)

The table below shows the annual net assets of Firefly Metals Ltd from 2016 to 2025. Read FFM current and long-term liabilities for a breakdown of total debt and financial obligations.

Year	Net Assets	Change
2025-06-30	AU$343.62 Million ≈ $243.13 Million	+67.02%
2024-06-30	AU$205.73 Million ≈ $145.57 Million	+152.34%
2023-06-30	AU$81.53 Million ≈ $57.69 Million	+9.96%
2022-06-30	AU$74.14 Million ≈ $52.46 Million	+34.44%
2021-06-30	AU$55.15 Million ≈ $39.02 Million	+823.22%
2020-06-30	AU$5.97 Million ≈ $4.23 Million	+696.80%
2019-06-30	AU$749.67K ≈ $530.44K	+107.28%
2018-06-30	AU$361.67K ≈ $255.90K	-46.88%
2017-06-30	AU$680.91K ≈ $481.78K	-10.19%
2016-06-30	AU$758.19K ≈ $536.47K	--

Equity Component Analysis

This analysis shows how different components contribute to Firefly Metals 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 5536661000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$395.04 Million	122.92%
Other Comprehensive Income	AU$3.31 Million	1.03%
Total Equity	AU$321.38 Million	100.00%

Firefly Metals Ltd Competitors by Market Cap

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

Company	Market Cap
Zhejiang Chenfeng Science and Technology Co Ltd Class A SHG:603685	$1.16 Billion
Tetra Technologies Inc NYSE:TTI	$1.16 Billion
Juewei Food Co Ltd SHG:603517	$1.17 Billion
Beijing Watertek Information Technology Co Ltd SHE:300324	$1.17 Billion
LuxExperience B.V. NYSE:LUXE	$1.16 Billion
BrightView Holdings NYSE:BV	$1.16 Billion
Hangzhou Raycloud Technology Co Ltd SHG:688365	$1.16 Billion
Pharming Group NV NASDAQ:PHAR	$1.16 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 184,085,000 to 321,380,000, a change of 137,295,000 (74.6%).
Net loss of 11,363,000 reduced equity.
Share repurchases of 8,093,000 reduced equity.
New share issuances of 143,383,000 increased equity.
Other comprehensive income increased equity by 6,020,000.
Other factors increased equity by 7,348,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-11.36 Million	-3.54%
Share Repurchases	AU$8.09 Million	-2.52%
Share Issuances	AU$143.38 Million	+44.61%
Other Comprehensive Income	AU$6.02 Million	+1.87%
Other Changes	AU$7.35 Million	+2.29%
Total Change	AU$-	74.58%

Book Value vs Market Value Analysis

This analysis compares Firefly Metals 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: 3.64x
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 decreased from 46.39x to 3.64x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-06-30	AU$0.05	AU$2.14	x
2017-06-30	AU$0.03	AU$2.14	x
2018-06-30	AU$0.01	AU$2.14	x
2019-06-30	AU$0.01	AU$2.14	x
2020-06-30	AU$0.08	AU$2.14	x
2021-06-30	AU$0.37	AU$2.14	x
2022-06-30	AU$0.47	AU$2.14	x
2023-06-30	AU$0.41	AU$2.14	x
2024-06-30	AU$1.88	AU$2.14	x
2025-06-30	AU$0.59	AU$2.14	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Firefly Metals 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): -3.54%
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: 1.15x
Recent ROE (-3.54%) is above the historical average (-99.10%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-82.33%	0.00%	0.00x	1.21x	AU$-700.03K
2017	-231.98%	0.00%	0.00x	1.41x	AU$-1.65 Million
2018	-388.36%	0.00%	0.00x	1.33x	AU$-1.44 Million
2019	-124.45%	0.00%	0.00x	1.07x	AU$-1.01 Million
2020	-128.12%	-108710.27%	0.00x	1.12x	AU$-8.25 Million
2021	-8.61%	0.00%	0.00x	1.58x	AU$-7.27 Million
2022	-5.58%	-7006.75%	0.00x	1.48x	AU$-8.82 Million
2023	-5.84%	-855.64%	0.00x	1.44x	AU$-9.44 Million
2024	-12.20%	-1856.91%	0.00x	1.35x	AU$-40.86 Million
2025	-3.54%	0.00%	0.00x	1.15x	AU$-43.50 Million

Industry Comparison

This section compares Firefly Metals 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: $3,555,320
Average return on equity (ROE) among peers: -16.27%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Firefly Metals Ltd (FFM)	AU$514.48 Million	-82.33%	0.06x	$1.16 Billion
Morella Corporation Ltd (1MC)	$16.53 Million	-35.29%	0.29x	$7.30 Million
Amaero Ltd (3DA)	$1.45 Million	-32.00%	0.42x	$235.90 Million
6K Additive Inc (6KA)	$-42.72 Million	0.00%	0.00x	$151.29 Million
Atlantic Lithium Ltd (A11)	$17.88 Million	-11.40%	0.02x	$164.75 Million
African Gold Ltd (A1G)	$11.13 Million	-22.75%	0.07x	$419.02 Million
Albright Metals Ltd (ABR)	$11.82 Million	-15.47%	0.06x	$4.20 Million
Audalia Resources Ltd (ACP)	$3.90 Million	-21.42%	2.04x	$14.72 Million
Accent Resources NL (ACS)	$-57.82K	0.00%	0.00x	$19.05 Million
Acdc Metals Ltd (ADC)	$10.58 Million	-4.74%	0.03x	$3.13 Million
Andromeda Metals Ltd (ADN)	$5.04 Million	-19.60%	0.01x	$29.44 Million

About Firefly Metals Ltd

AU:FFM Australia Other Industrial Metals & Mining

Market Cap

$1.16 Billion

AU$1.65 Billion AUD

Market Cap Rank

#8449 Global

#204 in Australia

Share Price

AU$2.14

Change (1 day)

-1.38%

52-Week Range

AU$0.76 - AU$2.28

All Time High

AU$3.23