First Lithium Ltd
First Lithium Limited engages in the exploration and development of minerals properties in Mali. The company holds 100% interests in the Mali Lithium Project that includes two lithium bearing permits, including Faraba and Gouna located in Mali. The company is based in Perth, Australia.
First Lithium Ltd (FL1) - Net Assets
Latest net assets as of June 2025: AU$5.00 Million AUD
Based on the latest financial reports, First Lithium Ltd (FL1) has net assets worth AU$5.00 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$5.81 Million) and total liabilities (AU$816.87K). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$5.00 Million |
| % of Total Assets | 85.95% |
| Annual Growth Rate | 83.22% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 655.46 |
First Lithium Ltd - Net Assets Trend (2021–2025)
This chart illustrates how First Lithium Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Lithium Ltd (2021–2025)
The table below shows the annual net assets of First Lithium Ltd from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$5.00 Million | -13.02% |
| 2024-06-30 | AU$5.75 Million | +50.93% |
| 2023-06-30 | AU$3.81 Million | -46.63% |
| 2022-06-30 | AU$7.13 Million | +1508.66% |
| 2021-06-30 | AU$443.44K | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Lithium 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 1309233800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$11.91 Million | 238.27% |
| Other Comprehensive Income | AU$6.77 Million | 135.49% |
| Total Equity | AU$5.00 Million | 100.00% |
First Lithium Ltd Competitors by Market Cap
The table below lists competitors of First Lithium Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AirIQ Inc
PINK:AILQF
|
$3.68 Million |
|
US Critical Metals Corp.
OTCQB:USCMF
|
$3.68 Million |
|
Blue Thunder Mining Inc
PINK:BLTMF
|
$3.68 Million |
|
Aprea Therapeutics Inc
NASDAQ:APRE
|
$3.69 Million |
|
ZICOM Group Ltd
AU:ZGL
|
$3.68 Million |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
$3.68 Million |
|
Mnc Sky Vision Tbk
JK:MSKY
|
$3.68 Million |
|
Francotyp-Postalia Holding AG
F:FPH
|
$3.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Lithium Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,669,034 to 4,997,710, a change of -671,324 (-11.8%).
- Net loss of 2,518,125 reduced equity.
- Other comprehensive income increased equity by 1,858,311.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-2.52 Million | -50.39% |
| Other Comprehensive Income | AU$1.86 Million | +37.18% |
| Other Changes | AU$-11.51K | -0.23% |
| Total Change | AU$- | -11.84% |
Book Value vs Market Value Analysis
This analysis compares First Lithium 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: 3.04x
- 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 increased from 1.35x to 3.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.10 | AU$0.14 | x |
| 2022-06-30 | AU$0.18 | AU$0.14 | x |
| 2023-06-30 | AU$0.08 | AU$0.14 | x |
| 2024-06-30 | AU$0.06 | AU$0.14 | x |
| 2025-06-30 | AU$0.05 | AU$0.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Lithium Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -50.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -187919.78%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.16x
- Recent ROE (-50.39%) is above the historical average (-102.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -191.69% | 0.00% | 0.00x | 3.52x | AU$-894.37K |
| 2022 | -14.10% | -22744.12% | 0.00x | 1.09x | AU$-1.61 Million |
| 2023 | -64.73% | -178579.42% | 0.00x | 1.07x | AU$-2.85 Million |
| 2024 | -192.78% | -46367.48% | 0.00x | 1.15x | AU$-11.50 Million |
| 2025 | -50.39% | -187919.78% | 0.00x | 1.16x | AU$-3.02 Million |
Industry Comparison
This section compares First Lithium 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: $2,995,611
- Average return on equity (ROE) among peers: -21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Lithium Ltd (FL1) | AU$5.00 Million | -191.69% | 0.16x | $3.68 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.10K |
| Morella Corporation Ltd (1MC) | $5.43 Million | -6.71% | 0.57x | $2.93 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $24.91 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $71.83 Million |
| African Gold Ltd (A1G) | $6.42 Million | -11.14% | 0.01x | $170.41 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | 0.47% | 0.11x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $10.81 Million | -14.31% | 1.16x | $5.70 Million |