MFF Capital Investments Ltd (MFF) - Net Assets

Latest as of December 2025: AU$2.61 Billion AUD ≈ $1.85 Billion USD

Based on the latest financial reports, MFF Capital Investments Ltd (MFF) has net assets worth AU$2.61 Billion AUD (≈ $1.85 Billion 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$3.13 Billion ≈ $2.21 Billion USD) and total liabilities (AU$515.32 Million ≈ $364.62 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 MFF financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$2.61 Billion
% of Total Assets	83.53%
Annual Growth Rate	11.04%
5-Year Change	53.2%
10-Year Change	210.44%
Growth Volatility	19.56

MFF Capital Investments Ltd - Net Assets Trend (2007–2025)

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

Annual Net Assets for MFF Capital Investments Ltd (2007–2025)

The table below shows the annual net assets of MFF Capital Investments Ltd from 2007 to 2025. For live valuation and market cap data, see MFF Capital Investments Ltd (MFF) total market value.

Year	Net Assets	Change
2025-06-30	AU$2.44 Billion ≈ $1.73 Billion	+17.88%
2024-06-30	AU$2.07 Billion ≈ $1.47 Billion	+22.75%
2023-06-30	AU$1.69 Billion ≈ $1.19 Billion	+18.41%
2022-06-30	AU$1.42 Billion ≈ $1.01 Billion	-10.58%
2021-06-30	AU$1.59 Billion ≈ $1.13 Billion	+17.01%
2020-06-30	AU$1.36 Billion ≈ $963.61 Million	-5.66%
2019-06-30	AU$1.44 Billion ≈ $1.02 Billion	+16.59%
2018-06-30	AU$1.24 Billion ≈ $876.10 Million	+29.91%
2017-06-30	AU$953.14 Million ≈ $674.40 Million	+21.20%
2016-06-30	AU$786.40 Million ≈ $556.43 Million	-1.24%
2015-06-30	AU$796.28 Million ≈ $563.42 Million	+71.40%
2014-06-30	AU$464.57 Million ≈ $328.71 Million	+12.64%
2013-06-30	AU$412.44 Million ≈ $291.83 Million	+22.32%
2012-06-30	AU$337.19 Million ≈ $238.58 Million	+14.57%
2011-06-30	AU$294.30 Million ≈ $208.23 Million	-0.96%
2010-06-30	AU$297.14 Million ≈ $210.24 Million	+8.86%
2009-06-30	AU$272.95 Million ≈ $193.13 Million	-7.30%
2008-06-30	AU$294.44 Million ≈ $208.33 Million	-20.58%
2007-06-30	AU$370.73 Million ≈ $262.32 Million	--

Equity Component Analysis

This analysis shows how different components contribute to MFF Capital Investments 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 6056600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Retained Earnings	AU$57.72 Million	2.36%
Common Stock	AU$727.29 Million	29.79%
Other Comprehensive Income	AU$1.66 Billion	67.85%
Total Equity	AU$2.44 Billion	100.00%

MFF Capital Investments Ltd Competitors by Market Cap

The table below lists competitors of MFF Capital Investments Ltd ranked by their market capitalization.

Company	Market Cap
Innergex Renewable Energy Inc. TO:INE	$2.01 Billion
Northwest Bancshares Inc NASDAQ:NWBI	$2.01 Billion
Suzhou Victory Precision Manufacture Co Ltd SHE:002426	$2.01 Billion
Zhejiang Huatie Constr Safety SHG:603300	$2.01 Billion
Shenzhen Bluetrum Technology Co. Ltd. A SHG:688332	$2.00 Billion
Northking Information Technology Co SHE:002987	$2.00 Billion
Genesis Energy LP NYSE:GEL	$2.00 Billion
Wuxi Dk Electronic Materials Co Ltd SHE:300842	$2.00 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,071,040,000 to 2,441,314,000, a change of 370,274,000 (17.9%).
Net income of 431,971,000 contributed positively to equity growth.
Dividend payments of 61,697,000 reduced retained earnings.
Other comprehensive income increased equity by 424,186,000.
Other factors decreased equity by 424,186,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$431.97 Million	+17.69%
Dividends Paid	AU$61.70 Million	-2.53%
Other Comprehensive Income	AU$424.19 Million	+17.38%
Other Changes	AU$-424.19 Million	-17.38%
Total Change	AU$-	17.88%

Book Value vs Market Value Analysis

This analysis compares MFF Capital Investments 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: 1.14x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 6.82x to 1.14x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-06-30	AU$0.71	AU$4.81	x
2008-06-30	AU$0.56	AU$4.81	x
2009-06-30	AU$0.71	AU$4.81	x
2010-06-30	AU$0.81	AU$4.81	x
2011-06-30	AU$0.81	AU$4.81	x
2012-06-30	AU$0.94	AU$4.81	x
2013-06-30	AU$0.78	AU$4.81	x
2014-06-30	AU$0.88	AU$4.81	x
2015-06-30	AU$1.51	AU$4.81	x
2016-06-30	AU$1.50	AU$4.81	x
2017-06-30	AU$1.81	AU$4.81	x
2018-06-30	AU$2.32	AU$4.81	x
2019-06-30	AU$2.67	AU$4.81	x
2020-06-30	AU$2.50	AU$4.81	x
2021-06-30	AU$2.84	AU$4.81	x
2022-06-30	AU$2.47	AU$4.81	x
2023-06-30	AU$2.89	AU$4.81	x
2024-06-30	AU$3.52	AU$4.81	x
2025-06-30	AU$4.21	AU$4.81	x

Capital Efficiency Dashboard

This dashboard shows how efficiently MFF Capital Investments 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): 17.69%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 70.30%
• Asset Turnover: 0.21x
• Equity Multiplier: 1.21x
Recent ROE (17.69%) is above the historical average (8.29%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	-0.77%	0.00%	0.00x	1.01x	AU$-39.92 Million
2008	-25.91%	0.00%	-0.30x	1.17x	AU$-105.74 Million
2009	-5.40%	0.00%	-0.05x	1.18x	AU$-42.03 Million
2010	10.47%	62.71%	0.13x	1.24x	AU$1.38 Million
2011	-0.01%	-0.41%	0.01x	1.21x	AU$-29.45 Million
2012	13.61%	64.48%	0.21x	1.00x	AU$12.17 Million
2013	19.60%	67.42%	0.27x	1.06x	AU$39.58 Million
2014	10.62%	69.82%	0.13x	1.16x	AU$2.89 Million
2015	23.49%	69.60%	0.29x	1.16x	AU$107.45 Million
2016	-1.25%	0.00%	-0.01x	1.28x	AU$-88.50 Million
2017	16.66%	69.55%	0.19x	1.28x	AU$63.46 Million
2018	19.38%	69.71%	0.23x	1.21x	AU$116.10 Million
2019	15.14%	69.64%	0.18x	1.24x	AU$74.22 Million
2020	1.84%	65.61%	0.02x	1.13x	AU$-111.09 Million
2021	13.65%	69.51%	0.16x	1.25x	AU$58.17 Million
2022	-11.99%	0.00%	-0.12x	1.41x	AU$-313.27 Million
2023	19.18%	69.63%	0.20x	1.38x	AU$154.85 Million
2024	21.60%	67.78%	0.25x	1.28x	AU$240.25 Million
2025	17.69%	70.30%	0.21x	1.21x	AU$187.84 Million

Industry Comparison

This section compares MFF Capital Investments Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $894,572,376
Average return on equity (ROE) among peers: 4.20%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
MFF Capital Investments Ltd (MFF)	AU$2.61 Billion	-0.77%	0.20x	$2.01 Billion
Acorn Capital Investment Fund Ltd (ACQ)	$98.43 Million	27.28%	0.17x	$56.90 Million
Australian Ethical Investment Ltd (AEF)	$8.45 Million	14.23%	0.31x	$339.89 Million
Australian Foundation Investment Company Ltd (AFI)	$5.18 Billion	4.90%	0.25x	$5.78 Billion
Alternative Investment Trust (AIQ)	$0.00	0.00%	0.00x	$34.17 Million
Argo Global Listed Infrastructure Ltd (ALI)	$320.48 Million	-2.91%	0.03x	$299.38 Million
Amcil Ltd (AMH)	$254.90 Million	2.34%	0.10x	$201.05 Million
Associate Global Partners Ltd (APL)	$784.37K	-16.87%	0.25x	$11.51 Million
Ariadne Australia Ltd (ARA)	$179.97 Million	43.89%	0.05x	$66.00 Million
ARC Funds Ltd (ARC)	$4.01 Million	-28.68%	0.06x	$3.81 Million
Argo Investments Ltd (ARG)	$2.89 Billion	-2.23%	0.08x	$4.72 Billion

About MFF Capital Investments Ltd

AU:MFF Australia Asset Management

Market Cap

$2.01 Billion

AU$2.83 Billion AUD

Market Cap Rank

#6328 Global

#142 in Australia

Share Price

AU$4.81

Change (1 day)

-2.43%

52-Week Range

AU$4.17 - AU$5.07

All Time High

AU$5.07