Novonix Ltd (NVX) - Net Assets

Latest as of December 2025: AU$157.25 Million AUD ≈ $111.27 Million USD

Based on the latest financial reports, Novonix Ltd (NVX) has net assets worth AU$157.25 Million AUD (≈ $111.27 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$283.11 Million ≈ $200.32 Million USD) and total liabilities (AU$125.86 Million ≈ $89.05 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 Novonix Ltd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$157.25 Million
% of Total Assets	55.55%
Annual Growth Rate	N/A
5-Year Change	-14.51%
10-Year Change	-11.74%
Growth Volatility	162.78

Novonix Ltd - Net Assets Trend (2014–2025)

This chart illustrates how Novonix Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Novonix Ltd.

Annual Net Assets for Novonix Ltd (2014–2025)

The table below shows the annual net assets of Novonix Ltd from 2014 to 2025. Also explore Novonix Ltd annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	AU$157.25 Million ≈ $111.27 Million	+14.29%
2025-06-30	AU$137.59 Million ≈ $97.35 Million	0.00%
2024-12-31	AU$137.59 Million ≈ $97.35 Million	-23.39%
2024-06-30	AU$179.60 Million ≈ $127.08 Million	-2.36%
2023-12-31	AU$183.94 Million ≈ $130.15 Million	+33.07%
2023-06-30	AU$138.22 Million ≈ $97.80 Million	-38.85%
2022-12-31	AU$226.06 Million ≈ $159.95 Million	-9.99%
2022-06-30	AU$251.13 Million ≈ $177.69 Million	0.00%
2021-12-31	AU$251.13 Million ≈ $177.69 Million	+40.95%
2021-06-30	AU$178.18 Million ≈ $126.07 Million	0.00%
2020-12-31	AU$178.18 Million ≈ $126.07 Million	+195.42%
2020-06-30	AU$60.31 Million ≈ $42.67 Million	0.00%
2019-12-31	AU$60.31 Million ≈ $42.67 Million	+472.02%
2019-06-30	AU$10.54 Million ≈ $7.46 Million	0.00%
2018-12-31	AU$10.54 Million ≈ $7.46 Million	-63.87%
2018-06-30	AU$29.18 Million ≈ $20.65 Million	0.00%
2017-12-31	AU$29.18 Million ≈ $20.65 Million	+58.48%
2017-06-30	AU$18.41 Million ≈ $13.03 Million	0.00%
2016-12-31	AU$18.41 Million ≈ $13.03 Million	+578.80%
2016-06-30	AU$2.71 Million ≈ $1.92 Million	0.00%
2015-12-31	AU$2.71 Million ≈ $1.92 Million	+69163.77%
2015-06-30	AU$-3.93K ≈ $-2.78K	0.00%
2014-12-31	AU$-3.93K ≈ $-2.78K	--

Equity Component Analysis

This analysis shows how different components contribute to Novonix 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 35262903100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	AU$485.81 Million	308.93%
Other Comprehensive Income	AU$24.08 Million	15.31%
Total Equity	AU$157.25 Million	100.00%

Novonix Ltd Competitors by Market Cap

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

Company	Market Cap
Lee Feed Mill Public Company Limited BK:LEE	$70.59 Million
SYNergy ScienTech Corp TW:6558	$70.62 Million
Sheetal Cool Products Limited NSE:SCPL	$70.64 Million
XCF Global, Inc. Class A Common Stock NASDAQ:SAFX	$70.66 Million
Formosa Electronic Industries TWO:8171	$70.58 Million
Polygon-L TA:POLY	$70.58 Million
Deneb Investments Ltd JSE:DNB	$70.54 Million
Tailim Packaging Co Ltd KO:011280	$70.54 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2025 to 2025, total equity changed from 137,590,257 to 157,254,022, a change of 19,663,765 (14.3%).
Net loss of 95,958,726 reduced equity.
New share issuances of 25,106,048 increased equity.
Other comprehensive income decreased equity by 5,642,640.
Other factors increased equity by 96,159,083.

Equity Change Factors (2025 to 2025)

Factor	Impact	Contribution
Net Income	AU$-95.96 Million	-61.02%
Share Issuances	AU$25.11 Million	+15.97%
Other Comprehensive Income	AU$-5.64 Million	-3.59%
Other Changes	AU$96.16 Million	+61.15%
Total Change	AU$-	14.29%

Book Value vs Market Value Analysis

This analysis compares Novonix 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: 0.43x
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.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2014-12-31	AU$0.00	AU$0.10	x
2015-06-30	AU$0.00	AU$0.10	x
2015-12-31	AU$0.01	AU$0.10	x
2016-06-30	AU$0.01	AU$0.10	x
2016-12-31	AU$0.04	AU$0.10	x
2017-06-30	AU$0.04	AU$0.10	x
2017-12-31	AU$0.06	AU$0.10	x
2018-06-30	AU$0.06	AU$0.10	x
2018-12-31	AU$0.02	AU$0.10	x
2019-06-30	AU$0.02	AU$0.10	x
2019-12-31	AU$0.13	AU$0.10	x
2020-06-30	AU$0.13	AU$0.10	x
2020-12-31	AU$0.38	AU$0.10	x
2021-06-30	AU$0.38	AU$0.10	x
2021-12-31	AU$0.54	AU$0.10	x
2022-06-30	AU$0.54	AU$0.10	x
2022-12-31	AU$0.46	AU$0.10	x
2023-06-30	AU$0.31	AU$0.10	x
2023-12-31	AU$0.38	AU$0.10	x
2024-06-30	AU$0.38	AU$0.10	x
2024-12-31	AU$0.28	AU$0.10	x
2025-06-30	AU$0.28	AU$0.10	x
2025-12-31	AU$0.23	AU$0.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Novonix 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): -61.02%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1650.76%
• Asset Turnover: 0.02x
• Equity Multiplier: 1.80x
Recent ROE (-61.02%) is below the historical average (-47.29%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	0.00%	0.00%	0.00x	0.00x	AU$-3.54K
2015	0.00%	0.00%	0.00x	0.00x	AU$-3.55K
2015	-45.85%	-6008.68%	0.01x	1.08x	AU$-1.52 Million
2016	-45.85%	-6008.68%	0.01x	1.08x	AU$-1.52 Million
2016	-33.32%	-7592.94%	0.00x	1.93x	AU$-7.98 Million
2017	-33.32%	-7592.94%	0.00x	1.93x	AU$-7.98 Million
2017	-35.37%	-475.32%	0.06x	1.27x	AU$-13.24 Million
2018	-35.37%	-475.32%	0.06x	1.27x	AU$-13.24 Million
2018	-247.75%	-1437.60%	0.05x	3.31x	AU$-27.18 Million
2019	-247.75%	-1437.60%	0.05x	3.31x	AU$-27.18 Million
2019	-22.27%	-315.75%	0.06x	1.25x	AU$-19.46 Million
2020	-22.27%	-315.75%	0.06x	1.25x	AU$-19.46 Million
2020	-7.55%	-257.24%	0.03x	1.14x	AU$-31.26 Million
2021	-7.55%	-257.24%	0.03x	1.14x	AU$-31.26 Million
2021	-20.65%	-850.01%	0.02x	1.21x	AU$-76.97 Million
2022	-20.65%	-850.01%	0.02x	1.21x	AU$-76.97 Million
2022	-16.85%	-1031.13%	0.01x	1.23x	AU$-60.69 Million
2023	-25.16%	-1031.13%	0.02x	1.25x	AU$-53.22 Million
2023	-25.14%	-574.19%	0.03x	1.43x	AU$-64.64 Million
2024	-25.14%	-574.19%	0.03x	1.43x	AU$-64.64 Million
2024	-54.38%	-1278.04%	0.03x	1.64x	AU$-88.58 Million
2025	-54.38%	-1278.04%	0.03x	1.64x	AU$-88.58 Million
2025	-61.02%	-1650.76%	0.02x	1.80x	AU$-111.68 Million

Industry Comparison

This section compares Novonix Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $23,765,875
Average return on equity (ROE) among peers: -5.06%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Novonix Ltd (NVX)	AU$157.25 Million	0.00%	0.80x	$70.59 Million
ChemX Materials Ltd (CMX)	$10.17 Million	-18.55%	0.03x	$23.74 Million
Excelsior Capital Ltd (ECL)	$59.86 Million	13.36%	0.32x	$80.01K
Energy Technologies Ltd (EGY)	$1.99 Million	0.58%	0.40x	$7.07 Million
FOS Capital Ltd (FOS)	$6.92 Million	10.72%	0.59x	$5.84 Million
GREENHY2 Ltd (H2G)	$-243.98K	0.00%	0.00x	$6.22 Million
Li-S Energy Ltd (LIS)	$35.29 Million	-18.17%	0.08x	$70.21 Million
PPK Group Ltd (PPK)	$61.85 Million	19.85%	0.48x	$24.74 Million
Rectifier Technologies Ltd (RFT)	$17.26 Million	4.33%	0.86x	$4.89 Million
Redflow Ltd (RFX)	$20.79 Million	-57.70%	0.17x	$18.14 Million

About Novonix Ltd

AU:NVX Australia Electrical Equipment & Parts

Market Cap

$70.59 Million

AU$99.76 Million AUD

Market Cap Rank

#20665 Global

#697 in Australia

Share Price

AU$0.10

Change (1 day)

-9.09%

52-Week Range

AU$0.10 - AU$1.02

All Time High

AU$12.15