Minerals 260 Ltd (MI6) - Net Assets
Based on the latest financial reports, Minerals 260 Ltd (MI6) has net assets worth AU$221.82 Million AUD (≈ $156.95 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$238.76 Million ≈ $168.94 Million USD) and total liabilities (AU$16.95 Million ≈ $11.99 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 MI6 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$221.82 Million |
| % of Total Assets | 92.9% |
| Annual Growth Rate | 68.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 851.97 |
Minerals 260 Ltd - Net Assets Trend (2021–2025)
This chart illustrates how Minerals 260 Ltd's net assets have evolved over time, based on quarterly financial data. Also explore MI6 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Minerals 260 Ltd (2021–2025)
The table below shows the annual net assets of Minerals 260 Ltd from 2021 to 2025. For live valuation and market cap data, see Minerals 260 Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$221.82 Million ≈ $156.95 Million |
+1941.03% |
| 2024-06-30 | AU$10.87 Million ≈ $7.69 Million |
-34.58% |
| 2023-06-30 | AU$16.61 Million ≈ $11.75 Million |
-28.27% |
| 2022-06-30 | AU$23.16 Million ≈ $16.39 Million |
-16.49% |
| 2021-06-30 | AU$27.73 Million ≈ $19.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Minerals 260 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 11683161700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$334.75 Million | 150.91% |
| Other Comprehensive Income | AU$3.92 Million | 1.77% |
| Total Equity | AU$221.82 Million | 100.00% |
Minerals 260 Ltd Competitors by Market Cap
The table below lists competitors of Minerals 260 Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lotus Technology Inc.
NASDAQ:LOT
|
$882.32 Million |
|
Evommune, Inc.
NYSE:EVMN
|
$882.45 Million |
|
Bangkok Airways Public Company Limited
BK:BA
|
$882.66 Million |
|
Lifecome Biochemistry Co Ltd
SHE:002868
|
$882.85 Million |
|
Varroc Engineering Limited
NSE:VARROC
|
$882.01 Million |
|
Eczacibasi Yatirim Holding Ortakligi AS
IS:ECZYT
|
$881.90 Million |
|
Zhejiang Changhua Auto Parts Co Ltd
SHG:605018
|
$881.83 Million |
|
Qurient Co. Ltd
KQ:115180
|
$881.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Minerals 260 Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,867,935 to 221,818,000, a change of 210,950,065 (1941.0%).
- Net loss of 11,520,233 reduced equity.
- Share repurchases of 220,000,000 reduced equity.
- Other comprehensive income decreased equity by 2,524,858.
- Other factors increased equity by 444,995,156.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-11.52 Million | -5.19% |
| Share Repurchases | AU$220.00 Million | -99.18% |
| Other Comprehensive Income | AU$-2.52 Million | -1.14% |
| Other Changes | AU$445.00 Million | +200.61% |
| Total Change | AU$- | 1941.03% |
Book Value vs Market Value Analysis
This analysis compares Minerals 260 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: 2.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-06-30 | AU$0.00 | AU$0.72 | x |
| 2020-06-30 | AU$0.00 | AU$0.72 | x |
| 2021-06-30 | AU$0.13 | AU$0.72 | x |
| 2022-06-30 | AU$0.14 | AU$0.72 | x |
| 2023-06-30 | AU$0.07 | AU$0.72 | x |
| 2024-06-30 | AU$0.05 | AU$0.72 | x |
| 2025-06-30 | AU$0.32 | AU$0.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Minerals 260 Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.08x
- Recent ROE (-5.19%) is above the historical average (-76.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-16.18K |
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-276.20K |
| 2021 | 0.00% | 0.00% | 0.00x | 1.00x | AU$-2.77 Million |
| 2022 | -382.51% | -155885.98% | 0.00x | 1.02x | AU$-90.91 Million |
| 2023 | -78.89% | -1629.59% | 0.05x | 1.05x | AU$-14.77 Million |
| 2024 | -70.93% | -1308.54% | 0.05x | 1.11x | AU$-8.80 Million |
| 2025 | -5.19% | 0.00% | 0.00x | 1.08x | AU$-33.70 Million |
Industry Comparison
This section compares Minerals 260 Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $108,704,405
- Average return on equity (ROE) among peers: -60.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minerals 260 Ltd (MI6) | AU$221.82 Million | 0.00% | 0.08x | $882.12 Million |
| 29METALS Ltd (29M) | $715.69 Million | -6.60% | 0.81x | $297.19 Million |
| Aic Mines Ltd (A1M) | $46.60 Million | -91.64% | 0.23x | $341.44 Million |
| Austral Gold Ltd (AGD) | $58.26 Million | -15.21% | 0.84x | $66.18 Million |
| Alvo Minerals Ltd (ALV) | $320.88K | -110.98% | 0.80x | $7.60 Million |
| Alicanto Minerals Ltd (AQI) | $2.54 Million | -215.43% | 0.16x | $136.26 Million |
| Argent Minerals Ltd (ARD) | $2.40 Million | -88.19% | 0.07x | $26.37 Million |
| Askari Metals Ltd (AS2) | $11.00 Million | -56.43% | 0.12x | $5.44 Million |
| Avira Resources Ltd (AVW) | $5.57 Million | -12.76% | 0.16x | $3.71 Million |
| Antipa Minerals Ltd (AZY) | $12.76 Million | -5.12% | 0.04x | $304.70 Million |
| Burgundy Diamond Mines Ltd (BDM) | $231.89 Million | -0.88% | 3.22x | $17.10 Million |
About Minerals 260 Ltd
Minerals 260 Limited engages in the exploration and evaluation of mineral resources in Australia. The company explores for gold, palladium, nickel, copper, and rare earths elements, as well as precious and battery-related metals. The company holds 100% interest in the Bullabulling Gold Project located in south-west of Kalgoorlie, Western Australian in the Eastern Goldfields; and the Moora project… Read more