Naos Small Cap Opportunities Company Ltd (NSC) - Net Assets

Latest as of December 2025: AU$66.13 Million AUD ≈ $46.79 Million USD

Based on the latest financial reports, Naos Small Cap Opportunities Company Ltd (NSC) has net assets worth AU$66.13 Million AUD (≈ $46.79 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$79.41 Million ≈ $56.19 Million USD) and total liabilities (AU$13.28 Million ≈ $9.40 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 NSC financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$66.13 Million
% of Total Assets	83.28%
Annual Growth Rate	3.81%
5-Year Change	-59.84%
10-Year Change	-64.85%
Growth Volatility	33.0

Naos Small Cap Opportunities Company Ltd - Net Assets Trend (2004–2025)

This chart illustrates how Naos Small Cap Opportunities Company Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Naos Small Cap Opportunities Company Ltd for the complete picture of this company's asset base.

Annual Net Assets for Naos Small Cap Opportunities Company Ltd (2004–2025)

The table below shows the annual net assets of Naos Small Cap Opportunities Company Ltd from 2004 to 2025. For live valuation and market cap data, see NSC market cap.

Year	Net Assets	Change
2025-06-30	AU$62.73 Million ≈ $44.39 Million	-20.75%
2024-06-30	AU$79.16 Million ≈ $56.01 Million	-29.45%
2023-06-30	AU$112.20 Million ≈ $79.39 Million	-6.81%
2022-06-30	AU$120.40 Million ≈ $85.19 Million	-22.93%
2021-06-30	AU$156.22 Million ≈ $110.53 Million	+34.85%
2020-06-30	AU$115.84 Million ≈ $81.97 Million	-7.66%
2019-06-30	AU$125.46 Million ≈ $88.77 Million	-19.24%
2018-06-30	AU$155.34 Million ≈ $109.91 Million	-3.37%
2017-06-30	AU$160.75 Million ≈ $113.74 Million	-9.92%
2016-06-30	AU$178.46 Million ≈ $126.27 Million	+5.31%
2015-06-30	AU$169.46 Million ≈ $119.91 Million	-6.53%
2014-06-30	AU$181.31 Million ≈ $128.29 Million	+18.18%
2013-06-30	AU$153.41 Million ≈ $108.55 Million	-15.40%
2012-06-30	AU$181.34 Million ≈ $128.31 Million	-12.22%
2011-06-30	AU$206.59 Million ≈ $146.17 Million	+14.48%
2010-06-30	AU$180.46 Million ≈ $127.68 Million	+32.78%
2009-06-30	AU$135.90 Million ≈ $96.16 Million	-28.71%
2008-06-30	AU$190.64 Million ≈ $134.89 Million	+31.25%
2007-06-30	AU$145.26 Million ≈ $102.78 Million	+95.63%
2006-06-30	AU$74.25 Million ≈ $52.54 Million	+53.26%
2005-06-30	AU$48.45 Million ≈ $34.28 Million	+69.28%
2004-06-30	AU$28.62 Million ≈ $20.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Naos Small Cap Opportunities Company 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 29920.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$176.16 Million	280.81%
Other Comprehensive Income	AU$10.03 Million	15.98%
Total Equity	AU$62.73 Million	100.00%

Naos Small Cap Opportunities Company Ltd Competitors by Market Cap

The table below lists competitors of Naos Small Cap Opportunities Company Ltd ranked by their market capitalization.

Company	Market Cap
Dierig Holding AG XETRA:DIE	$33.65 Million
Plata Latina Minerals Corp V:PLA	$33.65 Million
Shanghai Sanmao Enterprise Group Co Ltd B SHG:900922	$33.66 Million
Pre-Built Public Company Limited BK:PREB	$33.67 Million
Mohenz.Co.Ltd KQ:006920	$33.62 Million
Jentayu Sustainables Bhd KLSE:5673	$33.61 Million
SHL Telemedicine Ltd American Depositary Shares NASDAQ:SHLT	$33.60 Million
Bio-Works Technologies AB ST:BIOWKS	$33.60 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Naos Small Cap Opportunities Company Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 79,159,000 to 62,734,000, a change of -16,425,000 (-20.7%).
Net loss of 9,071,000 reduced equity.
Dividend payments of 5,742,000 reduced retained earnings.
Share repurchases of 614,000 reduced equity.
Other comprehensive income decreased equity by 6,740,000.
Other factors increased equity by 5,742,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-9.07 Million	-14.46%
Dividends Paid	AU$5.74 Million	-9.15%
Share Repurchases	AU$614.00K	-0.98%
Other Comprehensive Income	AU$-6.74 Million	-10.74%
Other Changes	AU$5.74 Million	+9.15%
Total Change	AU$-	-20.75%

Book Value vs Market Value Analysis

This analysis compares Naos Small Cap Opportunities Company 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: 0.77x
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 increased from 0.31x to 0.77x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-06-30	AU$1.15	AU$0.36	x
2006-06-30	AU$1.19	AU$0.36	x
2007-06-30	AU$1.82	AU$0.36	x
2008-06-30	AU$1.63	AU$0.36	x
2009-06-30	AU$1.16	AU$0.36	x
2010-06-30	AU$1.39	AU$0.36	x
2011-06-30	AU$1.40	AU$0.36	x
2012-06-30	AU$1.20	AU$0.36	x
2013-06-30	AU$1.03	AU$0.36	x
2014-06-30	AU$1.17	AU$0.36	x
2015-06-30	AU$1.07	AU$0.36	x
2016-06-30	AU$1.11	AU$0.36	x
2017-06-30	AU$0.97	AU$0.36	x
2018-06-30	AU$0.92	AU$0.36	x
2019-06-30	AU$0.74	AU$0.36	x
2020-06-30	AU$0.72	AU$0.36	x
2021-06-30	AU$1.00	AU$0.36	x
2022-06-30	AU$0.81	AU$0.36	x
2023-06-30	AU$0.80	AU$0.36	x
2024-06-30	AU$0.58	AU$0.36	x
2025-06-30	AU$0.47	AU$0.36	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Naos Small Cap Opportunities Company 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): -14.46%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.00%
• Asset Turnover: -0.08x
• Equity Multiplier: 1.21x
Recent ROE (-14.46%) is below the historical average (0.92%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	1.45%	63.79%	0.02x	1.03x	AU$-2.45 Million
2005	7.03%	12.31%	0.55x	1.04x	AU$-1.44 Million
2006	23.41%	61.98%	0.32x	1.18x	AU$9.96 Million
2007	37.34%	61.43%	0.48x	1.28x	AU$39.71 Million
2008	-8.27%	0.00%	-0.10x	1.05x	AU$-34.84 Million
2009	-37.20%	0.00%	-0.51x	1.02x	AU$-64.15 Million
2010	10.14%	63.71%	0.16x	1.01x	AU$244.30K
2011	20.42%	66.93%	0.28x	1.08x	AU$21.52 Million
2012	-11.43%	0.00%	-0.15x	1.04x	AU$-37.95 Million
2013	-5.16%	0.00%	-0.04x	1.02x	AU$-23.26 Million
2014	17.94%	67.30%	0.25x	1.07x	AU$14.40 Million
2015	-0.43%	-14.31%	0.02x	1.22x	AU$-17.68 Million
2016	9.67%	60.00%	0.13x	1.27x	AU$-596.40K
2017	-8.64%	0.00%	-0.07x	1.24x	AU$-29.97 Million
2018	3.05%	61.94%	0.04x	1.22x	AU$-10.79 Million
2019	-14.11%	0.00%	-0.15x	1.22x	AU$-30.25 Million
2020	1.22%	31.29%	0.03x	1.23x	AU$-10.17 Million
2021	32.98%	69.13%	0.37x	1.27x	AU$35.91 Million
2022	-16.44%	0.00%	-0.18x	1.28x	AU$-31.83 Million
2023	2.33%	76.54%	0.02x	1.31x	AU$-8.61 Million
2024	-30.67%	0.00%	-0.27x	1.41x	AU$-32.20 Million
2025	-14.46%	0.00%	-0.08x	1.21x	AU$-15.34 Million

Industry Comparison

This section compares Naos Small Cap Opportunities Company Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $718,320,473
Average return on equity (ROE) among peers: -14.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Naos Small Cap Opportunities Company Ltd (NSC)	AU$66.13 Million	1.45%	0.20x	$33.62 Million
Acorn Capital Investment Fund Ltd (ACQ)	$61.32 Million	3.33%	0.06x	$57.22 Million
Australian Ethical Investment Ltd (AEF)	$4.32 Million	8.17%	0.21x	$314.92 Million
Australian Foundation Investment Company Ltd (AFI)	$838.34 Million	5.86%	0.13x	$5.89 Billion
Alternative Investment Trust (AIQ)	$18.14 Million	8.58%	0.01x	$33.32 Million
Argo Global Listed Infrastructure Ltd (ALI)	$301.56 Million	5.39%	0.03x	$298.12 Million
Amcil Ltd (AMH)	$225.89 Million	3.40%	0.07x	$206.63 Million
Associate Global Partners Ltd (APL)	$7.55 Million	-115.52%	0.29x	$11.51 Million
Ariadne Australia Ltd (ARA)	$76.70 Million	6.78%	0.13x	$66.00 Million
ARC Funds Ltd (ARC)	$4.95 Million	-77.91%	0.59x	$3.65 Million
Argo Investments Ltd (ARG)	$5.64 Billion	3.08%	0.17x	$4.70 Billion

About Naos Small Cap Opportunities Company Ltd

AU:NSC Australia Asset Management

Market Cap

$33.62 Million

AU$47.52 Million AUD

Market Cap Rank

#23337 Global

#917 in Australia

Share Price

AU$0.36

Change (1 day)

+0.00%

52-Week Range

AU$0.26 - AU$0.43

All Time High

AU$0.79