Iris Metals Ltd
IRIS Metals Limited engages in exploration, evaluation, and acquisition of mining tenements in South Dakota, the United States. It explores for lithium, diamond, pegmatite, LCT pegmatites, spodumene, and lithium spodumene deposits. IRIS Metals Limited was incorporated in 2020 and is based in South Yarra, Australia.
Iris Metals Ltd (IR1) - Net Assets
Latest net assets as of September 2025: AU$40.19 Million AUD
Based on the latest financial reports, Iris Metals Ltd (IR1) has net assets worth AU$40.19 Million AUD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$40.66 Million) and total liabilities (AU$478.76K). 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$40.19 Million |
| % of Total Assets | 98.82% |
| Annual Growth Rate | 287.02% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 825.78 |
Iris Metals Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Iris Metals 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 Iris Metals Ltd (2021–2025)
The table below shows the annual net assets of Iris Metals Ltd from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | AU$44.09 Million | +10.42% |
| 2024-03-31 | AU$39.93 Million | +235.06% |
| 2023-03-31 | AU$11.92 Million | +183.31% |
| 2022-03-31 | AU$4.21 Million | +2040.28% |
| 2021-03-31 | AU$196.54K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Iris 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 3294945100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$61.72 Million | 139.98% |
| Other Comprehensive Income | AU$17.12 Million | 38.83% |
| Total Equity | AU$44.09 Million | 100.00% |
Iris Metals Ltd Competitors by Market Cap
The table below lists competitors of Iris Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wilmington Capital Management Inc
TO:WCM-A
|
$7.04 Million |
|
Australian Silica Quartz Group Ltd
PINK:BXRDF
|
$7.05 Million |
|
Bucur SA
RO:BUCV
|
$7.05 Million |
|
Wesure Global Tech Ltd
TA:WESR
|
$7.05 Million |
|
Bynordic Acquisition Corp
NASDAQ:BYNO
|
$7.03 Million |
|
A-Sonic Aerospace Limited
OTCGREY:ASNCF
|
$7.03 Million |
|
Step One Clothing Limited
F:J6H
|
$7.03 Million |
|
WIJAYA KARYA BETON RP 100
F:WK0
|
$7.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Iris Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,930,258 to 44,092,652, a change of 4,162,394 (10.4%).
- Net loss of 5,615,622 reduced equity.
- Share repurchases of 488,566 reduced equity.
- New share issuances of 7,635,000 increased equity.
- Other comprehensive income decreased equity by 4,342,187.
- Other factors increased equity by 6,973,769.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-5.62 Million | -12.74% |
| Share Repurchases | AU$488.57K | -1.11% |
| Share Issuances | AU$7.63 Million | +17.32% |
| Other Comprehensive Income | AU$-4.34 Million | -9.85% |
| Other Changes | AU$6.97 Million | +15.82% |
| Total Change | AU$- | 10.42% |
Book Value vs Market Value Analysis
This analysis compares Iris 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: 0.34x
- 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 44.44x to 0.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | AU$0.00 | AU$0.10 | x |
| 2022-03-31 | AU$0.06 | AU$0.10 | x |
| 2023-03-31 | AU$0.12 | AU$0.10 | x |
| 2024-03-31 | AU$0.31 | AU$0.10 | x |
| 2025-03-31 | AU$0.29 | AU$0.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Iris Metals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -12.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.01x
- Recent ROE (-12.74%) is above the historical average (-230.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -915.85% | 0.00% | 0.00x | 2.55x | AU$-1.82 Million |
| 2022 | -76.95% | 0.00% | 0.00x | 1.05x | AU$-3.66 Million |
| 2023 | -101.76% | 0.00% | 0.00x | 1.07x | AU$-13.32 Million |
| 2024 | -43.38% | 0.00% | 0.00x | 1.04x | AU$-21.31 Million |
| 2025 | -12.74% | 0.00% | 0.00x | 1.01x | AU$-10.02 Million |
Industry Comparison
This section compares Iris Metals Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $23,959,302
- Average return on equity (ROE) among peers: -1270.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Iris Metals Ltd (IR1) | AU$40.19 Million | -915.85% | 0.01x | $7.03 Million |
| Australasian Metals Ltd (A8G) | $5.85 Million | -16.53% | 0.05x | $1.25 Million |
| Ariana Resources Plc (AA2) | $21.37 Million | -1.02% | 0.03x | $43.13 Million |
| Aruma Resources Ltd (AAJ) | $1.10 Million | -25.68% | 0.39x | $2.13 Million |
| Astral Resources NL (AAR) | $4.81K | -12574.39% | 0.18x | $138.29 Million |
| Adelong Gold Ltd (ADG) | $911.18K | -70.31% | 0.11x | $6.07 Million |
| Ardiden Ltd (ADV) | $5.54 Million | -12.67% | 0.11x | $10.37 Million |
| Ark Mines Ltd (AHK) | $-7.71 Million | 0.00% | 0.00x | $8.35 Million |
| Aureka Ltd (AKA) | $28.36 Million | 9.46% | 0.19x | $6.23 Million |
| Alkane Resources Ltd (ALK) | $174.22 Million | -3.54% | 0.15x | $203.33 Million |
| Alchemy Resources Ltd (ALY) | $9.94 Million | -8.10% | 0.02x | $4.22 Million |