Fortifai Ltd (FTI) - Net Assets
Based on the latest financial reports, Fortifai Ltd (FTI) has net assets worth AU$4.45 Million AUD (≈ $3.15 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$5.58 Million ≈ $3.95 Million USD) and total liabilities (AU$1.12 Million ≈ $795.74K 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. Read FTI total debt and obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$4.45 Million |
| % of Total Assets | 79.83% |
| Annual Growth Rate | N/A |
| 5-Year Change | -62.21% |
| 10-Year Change | N/A |
| Growth Volatility | 41.52 |
Fortifai Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Fortifai Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Fortifai Ltd for the complete picture of this company's asset base.
Annual Net Assets for Fortifai Ltd (2018–2025)
The table below shows the annual net assets of Fortifai Ltd from 2018 to 2025. For live valuation and market cap data, see market value of Fortifai Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$4.50 Million ≈ $3.18 Million |
+53.53% |
| 2024-06-30 | AU$2.93 Million ≈ $2.07 Million |
-9.95% |
| 2023-06-30 | AU$3.25 Million ≈ $2.30 Million |
-38.44% |
| 2022-06-30 | AU$5.29 Million ≈ $3.74 Million |
-55.60% |
| 2021-06-30 | AU$11.90 Million ≈ $8.42 Million |
+472.81% |
| 2020-06-30 | AU$-3.19 Million ≈ $-2.26 Million |
-429.39% |
| 2019-06-30 | AU$-603.11K ≈ $-426.74K |
+39.37% |
| 2018-06-30 | AU$-994.79K ≈ $-703.88K |
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Equity Component Analysis
This analysis shows how different components contribute to Fortifai 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 4178243100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$41.19 Million | 915.74% |
| Other Comprehensive Income | AU$6.08 Million | 135.26% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$4.50 Million | 100.00% |
Fortifai Ltd Competitors by Market Cap
The table below lists competitors of Fortifai Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gigante Salmon AS
OL:GIGA
|
$165.80 Million |
|
Black Spade Acquisition II Co Unit
NASDAQ:BSIIU
|
$165.94 Million |
|
Orvana Minerals Corp.
TO:ORV
|
$166.04 Million |
|
Nice Information & Telecommunication Inc
KQ:036800
|
$166.06 Million |
|
Rico Auto Industries Limited
NSE:RICOAUTO
|
$165.53 Million |
|
Soke Degirmencilik AS
IS:SOKE
|
$165.51 Million |
|
Hocheng Corp
TW:1810
|
$165.48 Million |
|
A Plus Asset Advisor Co Ltd
KO:244920
|
$165.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fortifai Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,929,831 to 4,498,152, a change of 1,568,321 (53.5%).
- Net loss of 1,990,482 reduced equity.
- Share repurchases of 405,857 reduced equity.
- New share issuances of 1,168,709 increased equity.
- Other comprehensive income increased equity by 2,795,950.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.99 Million | -44.25% |
| Share Repurchases | AU$405.86K | -9.02% |
| Share Issuances | AU$1.17 Million | +25.98% |
| Other Comprehensive Income | AU$2.80 Million | +62.16% |
| Other Changes | AU$1.00 | +0.0% |
| Total Change | AU$- | 53.53% |
Book Value vs Market Value Analysis
This analysis compares Fortifai 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: 42.89x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | AU$-0.05 | AU$0.73 | x |
| 2019-06-30 | AU$-0.03 | AU$0.73 | x |
| 2020-06-30 | AU$-0.15 | AU$0.73 | x |
| 2021-06-30 | AU$0.56 | AU$0.73 | x |
| 2022-06-30 | AU$0.23 | AU$0.73 | x |
| 2023-06-30 | AU$0.08 | AU$0.73 | x |
| 2024-06-30 | AU$0.05 | AU$0.73 | x |
| 2025-06-30 | AU$0.02 | AU$0.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fortifai Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -44.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -45.99%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.29x
- Recent ROE (-44.25%) is above the historical average (-103.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -32.31% | 1.79x | 0.00x | AU$-740.16K |
| 2019 | 0.00% | -98.65% | 1.05x | 0.00x | AU$-2.05 Million |
| 2020 | 0.00% | -141.55% | 0.76x | 0.00x | AU$-3.27 Million |
| 2021 | -60.03% | -217.98% | 0.17x | 1.60x | AU$-8.34 Million |
| 2022 | -205.51% | -221.83% | 0.43x | 2.15x | AU$-11.39 Million |
| 2023 | -279.49% | -131.19% | 0.81x | 2.62x | AU$-9.42 Million |
| 2024 | -238.64% | -137.04% | 0.78x | 2.24x | AU$-7.28 Million |
| 2025 | -44.25% | -45.99% | 0.74x | 1.29x | AU$-2.44 Million |
Industry Comparison
This section compares Fortifai Ltd's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $547,370
- Average return on equity (ROE) among peers: -56.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fortifai Ltd (FTI) | AU$4.45 Million | 0.00% | 0.25x | $165.64 Million |
| Icandy Interactive Ltd (ICI) | $2.38 Million | -93.34% | 0.76x | $14.50 Million |
| Mighty Kingdom Ltd (MKL) | $-603.11K | 0.00% | 0.00x | $17.13 Million |
| Ordinary Fully Paid Deferred Settlement (MKLDB) | $3.25 Million | -279.49% | 1.63x | $1.22K |
| Playside Studios Ltd (PLY) | $1.77 Million | 89.21% | 1.06x | $85.10 Million |
| Streamplay Studio Ltd (SP8) | $-4.07 Million | 0.00% | 0.00x | $9.34 Million |
About Fortifai Ltd
Fortifai Limited develops video games in Australia. It develops video games for consoles, PC, and mobile platforms and makes them available for customers through different app stores. The company was formerly known as Mighty Kingdom Limited and changed its name to Fortifai Limited in June 2025. The company was incorporated in 2018 and is headquartered in Sydney, Australia.