Nickel Industries Ltd (NIC) - Net Assets

Latest as of December 2025: AU$2.46 Billion AUD ≈ $1.74 Billion USD

Based on the latest financial reports, Nickel Industries Ltd (NIC) has net assets worth AU$2.46 Billion AUD (≈ $1.74 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$4.27 Billion ≈ $3.02 Billion USD) and total liabilities (AU$1.81 Billion ≈ $1.28 Billion 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 how tangible is Nickel Industries Ltd's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$2.46 Billion
% of Total Assets	57.65%
Annual Growth Rate	74.87%
5-Year Change	89.55%
10-Year Change	163364.24%
Growth Volatility	1901.51

Nickel Industries Ltd - Net Assets Trend (2014–2025)

This chart illustrates how Nickel Industries Ltd's net assets have evolved over time, based on quarterly financial data. See Nickel Industries Ltd (NIC) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Nickel Industries Ltd (2014–2025)

The table below shows the annual net assets of Nickel Industries Ltd from 2014 to 2025. For live valuation and market cap data, see Nickel Industries Ltd market capitalisation.

Year	Net Assets	Change
2025-12-31	AU$2.46 Billion ≈ $1.74 Billion	-3.46%
2024-12-31	AU$2.55 Billion ≈ $1.80 Billion	-12.33%
2023-12-31	AU$2.91 Billion ≈ $2.06 Billion	+60.19%
2022-12-31	AU$1.81 Billion ≈ $1.28 Billion	+39.80%
2021-12-31	AU$1.30 Billion ≈ $918.36 Million	+19.49%
2020-12-31	AU$1.09 Billion ≈ $768.58 Million	+5.74%
2019-12-31	AU$1.03 Billion ≈ $726.86 Million	+58.42%
2018-12-31	AU$648.46 Million ≈ $458.83 Million	+537.59%
2017-12-31	AU$101.70 Million ≈ $71.96 Million	+6657.72%
2016-12-31	AU$1.51 Million ≈ $1.06 Million	-76.69%
2015-12-31	AU$6.46 Million ≈ $4.57 Million	+22.76%
2014-12-31	AU$5.26 Million ≈ $3.72 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Nickel Industries 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 1624125800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	AU$2.06 Billion	100.80%
Other Comprehensive Income	AU$19.77 Million	0.97%
Total Equity	AU$2.04 Billion	100.00%

Nickel Industries Ltd Competitors by Market Cap

The table below lists competitors of Nickel Industries Ltd ranked by their market capitalization.

Company	Market Cap
The Marzetti Company NASDAQ:MZTI	$2.94 Billion
Fujian Sunner Development Co Ltd SHE:002299	$2.94 Billion
Flat Glass Group Co. Ltd SHG:601865	$2.94 Billion
Brookfield Business Partners L.P. TO:BBU-UN	$2.94 Billion
CECO Environmental Corp. NASDAQ:CECO	$2.93 Billion
ZIM Integrated Shipping Services Ltd NYSE:ZIM	$2.93 Billion
Cal-Comp Electronics (Thailand) Public Company Limited BK:CCET	$2.93 Billion
Tibet Huayu Mining Co Ltd SHG:601020	$2.93 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,116,017,340 to 2,044,441,474, a change of -71,575,866 (-3.4%).
Net loss of 59,051,256 reduced equity.
Dividend payments of 17,606,933 reduced retained earnings.
Other comprehensive income increased equity by 714,898.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-59.05 Million	-2.89%
Dividends Paid	AU$17.61 Million	-0.86%
Other Comprehensive Income	AU$714.90K	+0.03%
Other Changes	AU$4.37 Million	+0.21%
Total Change	AU$-	-3.38%

Book Value vs Market Value Analysis

This analysis compares Nickel Industries 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: 2.02x
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 304.34x to 2.02x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-12-31	AU$0.00	AU$0.96	x
2016-12-31	AU$0.00	AU$0.96	x
2017-12-31	AU$0.07	AU$0.96	x
2018-12-31	AU$-0.10	AU$0.96	x
2019-12-31	AU$0.36	AU$0.96	x
2020-12-31	AU$0.48	AU$0.96	x
2021-12-31	AU$0.40	AU$0.96	x
2022-12-31	AU$0.48	AU$0.96	x
2023-12-31	AU$0.71	AU$0.96	x
2024-12-31	AU$0.49	AU$0.96	x
2025-12-31	AU$0.47	AU$0.96	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Nickel Industries 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): -2.89%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.46%
• Asset Turnover: 0.40x
• Equity Multiplier: 2.09x
Recent ROE (-2.89%) is above the historical average (-4.42%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	-70.95%	-1664.17%	0.01x	5.36x	AU$-4.26 Million
2015	-41.71%	-30.34%	0.16x	8.41x	AU$-2.35 Million
2016	0.00%	-44.58%	0.31x	0.00x	AU$-5.03 Million
2017	-4.31%	-24.44%	0.16x	1.08x	AU$-14.19 Million
2018	0.00%	100.91%	0.09x	0.00x	AU$79.85 Million
2019	26.74%	23.94%	0.53x	2.10x	AU$101.81 Million
2020	17.09%	30.69%	0.42x	1.31x	AU$66.66 Million
2021	13.75%	21.35%	0.36x	1.77x	AU$37.65 Million
2022	12.24%	13.06%	0.46x	2.06x	AU$29.12 Million
2023	5.01%	6.47%	0.46x	1.68x	AU$-120.91 Million
2024	-7.97%	-9.66%	0.45x	1.84x	AU$-380.19 Million
2025	-2.89%	-3.46%	0.40x	2.09x	AU$-263.50 Million

Industry Comparison

This section compares Nickel Industries 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: $25,261,051
Average return on equity (ROE) among peers: -26.84%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Nickel Industries Ltd (NIC)	AU$2.46 Billion	-70.95%	0.73x	$2.93 Billion
Morella Corporation Ltd (1MC)	$6.08 Million	10.70%	0.57x	$7.21 Million
Amaero Ltd (3DA)	$1.45 Million	-32.00%	0.42x	$185.35 Million
6K Additive Inc (6KA)	$-21.36 Million	0.00%	0.00x	$150.34 Million
Atlantic Lithium Ltd (A11)	$68.24 Million	-7.18%	0.06x	$175.81 Million
African Gold Ltd (A1G)	$5.37 Million	-18.30%	0.15x	$419.02 Million
Albright Metals Ltd (ABR)	$10.99 Million	-9.29%	0.07x	$3.15 Million
Audalia Resources Ltd (ACP)	$6.55 Million	-38.02%	6.45x	$14.69 Million
Accent Resources NL (ACS)	$1.87 Million	-166.61%	2.43x	$13.51 Million
Acdc Metals Ltd (ADC)	$11.27 Million	-1.92%	0.01x	$3.42 Million
Andromeda Metals Ltd (ADN)	$162.16 Million	-5.83%	0.02x	$22.90 Million

About Nickel Industries Ltd

AU:NIC Australia Other Industrial Metals & Mining

Market Cap

$2.93 Billion

AU$4.15 Billion AUD

Market Cap Rank

#5080 Global

#123 in Australia

Share Price

AU$0.96

Change (1 day)

-1.04%

52-Week Range

AU$0.67 - AU$1.10

All Time High

AU$1.45