Pilbara Minerals Ltd (PLS) - Net Assets
Based on the latest financial reports, Pilbara Minerals Ltd (PLS) has net assets worth AU$3.57 Billion AUD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$4.70 Billion) and total liabilities (AU$1.13 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$3.57 Billion |
| % of Total Assets | 75.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | 514.96% |
| 10-Year Change | 3487.69% |
| Growth Volatility | 609.33 |
Pilbara Minerals Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Pilbara Minerals Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pilbara Minerals Ltd (2006–2025)
The table below shows the annual net assets of Pilbara Minerals Ltd from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$3.53 Billion | +8.85% |
| 2024-06-30 | AU$3.24 Billion | -4.30% |
| 2023-06-30 | AU$3.39 Billion | +162.38% |
| 2022-06-30 | AU$1.29 Billion | +125.00% |
| 2021-06-30 | AU$574.25 Million | +48.39% |
| 2020-06-30 | AU$386.97 Million | +2.74% |
| 2019-06-30 | AU$376.65 Million | +9.73% |
| 2018-06-30 | AU$343.24 Million | +71.47% |
| 2017-06-30 | AU$200.17 Million | +103.36% |
| 2016-06-30 | AU$98.43 Million | +2423.22% |
| 2015-06-30 | AU$3.90 Million | +63.85% |
| 2014-06-30 | AU$2.38 Million | -41.35% |
| 2013-06-30 | AU$4.06 Million | +113.15% |
| 2012-06-30 | AU$1.90 Million | -52.21% |
| 2011-06-30 | AU$3.98 Million | -18.75% |
| 2010-06-30 | AU$4.90 Million | +1141.96% |
| 2009-06-30 | AU$394.90K | +823.28% |
| 2008-06-30 | AU$-54.60K | -117.43% |
| 2007-06-30 | AU$313.17K | +255.65% |
| 2006-06-30 | AU$-201.20K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pilbara Minerals 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 208154668600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$2.08 Billion | 58.92% |
| Common Stock | AU$1.44 Billion | 40.71% |
| Other Comprehensive Income | AU$12.80 Million | 0.36% |
| Total Equity | AU$3.53 Billion | 100.00% |
Pilbara Minerals Ltd Competitors by Market Cap
The table below lists competitors of Pilbara Minerals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HMM Co Ltd
KO:011200
|
$13.49 Billion |
|
Mr. Cooper Group Inc
NASDAQ:COOP
|
$13.49 Billion |
|
Zhejiang Satellite Petrochemical Co Ltd
SHE:002648
|
$13.50 Billion |
|
Evergreen Marine Corp Taiwan Ltd
TW:2603
|
$13.51 Billion |
|
Galp Energia SGPS S.A.
LS:GALP
|
$13.45 Billion |
|
Wilmar International Limited
F:RTHA
|
$13.42 Billion |
|
Jeronimo Martins SGPS SA
LS:JMT
|
$13.41 Billion |
|
COSCO Shipping Energy Transportation Co Ltd
SHG:600026
|
$13.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pilbara Minerals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,244,169,000 to 3,531,404,000, a change of 287,235,000 (8.9%).
- Net loss of 195,766,000 reduced equity.
- Share repurchases of 204,000 reduced equity.
- New share issuances of 204,000 increased equity.
- Other comprehensive income increased equity by 6,145,000.
- Other factors increased equity by 476,856,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-195.77 Million | -5.54% |
| Share Repurchases | AU$204.00K | -0.01% |
| Share Issuances | AU$204.00K | +0.01% |
| Other Comprehensive Income | AU$6.14 Million | +0.17% |
| Other Changes | AU$476.86 Million | +13.5% |
| Total Change | AU$- | 8.85% |
Book Value vs Market Value Analysis
This analysis compares Pilbara Minerals 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: 5.29x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-06-30 | AU$-0.10 | AU$6.04 | x |
| 2007-06-30 | AU$0.07 | AU$6.04 | x |
| 2008-06-30 | AU$-0.01 | AU$6.04 | x |
| 2009-06-30 | AU$0.02 | AU$6.04 | x |
| 2010-06-30 | AU$0.15 | AU$6.04 | x |
| 2011-06-30 | AU$0.07 | AU$6.04 | x |
| 2012-06-30 | AU$0.03 | AU$6.04 | x |
| 2013-06-30 | AU$0.05 | AU$6.04 | x |
| 2014-06-30 | AU$0.01 | AU$6.04 | x |
| 2015-06-30 | AU$0.01 | AU$6.04 | x |
| 2016-06-30 | AU$0.11 | AU$6.04 | x |
| 2017-06-30 | AU$0.15 | AU$6.04 | x |
| 2018-06-30 | AU$0.21 | AU$6.04 | x |
| 2019-06-30 | AU$0.20 | AU$6.04 | x |
| 2020-06-30 | AU$0.17 | AU$6.04 | x |
| 2021-06-30 | AU$0.22 | AU$6.04 | x |
| 2022-06-30 | AU$0.42 | AU$6.04 | x |
| 2023-06-30 | AU$1.12 | AU$6.04 | x |
| 2024-06-30 | AU$1.07 | AU$6.04 | x |
| 2025-06-30 | AU$1.14 | AU$6.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pilbara Minerals Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.99%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.32x
- Recent ROE (-5.54%) is above the historical average (-74.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-662.31K |
| 2007 | -979.71% | -6689.29% | 0.06x | 2.65x | AU$-3.10 Million |
| 2008 | 0.00% | -51242.23% | 0.04x | 0.00x | AU$-3.07 Million |
| 2009 | -60.15% | 0.00% | 0.00x | 1.09x | AU$-277.02K |
| 2010 | -19.91% | 0.00% | 0.00x | 1.04x | AU$-1.47 Million |
| 2011 | -23.70% | 0.00% | 0.00x | 1.07x | AU$-1.34 Million |
| 2012 | -109.25% | -6724.37% | 0.02x | 1.04x | AU$-2.27 Million |
| 2013 | -28.48% | 0.00% | 0.00x | 1.16x | AU$-1.56 Million |
| 2014 | -133.87% | -914.11% | 0.07x | 1.98x | AU$-3.43 Million |
| 2015 | -141.31% | -19687.53% | 0.00x | 1.87x | AU$-5.90 Million |
| 2016 | -56.49% | -1390175.00% | 0.00x | 1.04x | AU$-65.45 Million |
| 2017 | -12.97% | 0.00% | 0.00x | 1.68x | AU$-45.97 Million |
| 2018 | -5.66% | -190.57% | 0.02x | 1.55x | AU$-53.74 Million |
| 2019 | -7.68% | -67.62% | 0.07x | 1.55x | AU$-66.60 Million |
| 2020 | -25.65% | -117.96% | 0.14x | 1.56x | AU$-137.96 Million |
| 2021 | -8.96% | -29.26% | 0.19x | 1.65x | AU$-108.87 Million |
| 2022 | 43.48% | 47.23% | 0.60x | 1.53x | AU$432.62 Million |
| 2023 | 70.53% | 58.84% | 0.78x | 1.53x | AU$2.05 Billion |
| 2024 | 7.92% | 20.48% | 0.29x | 1.33x | AU$-67.53 Million |
| 2025 | -5.54% | -21.99% | 0.19x | 1.32x | AU$-548.91 Million |
Industry Comparison
This section compares Pilbara Minerals 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: $9,505,632
- Average return on equity (ROE) among peers: -30.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pilbara Minerals Ltd (PLS) | AU$3.57 Billion | 0.00% | 0.32x | $13.46 Billion |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $4.90 Million |
| Morella Corporation Ltd (1MC) | $16.53 Million | -35.29% | 0.29x | $7.30 Million |
| Amaero Ltd (3DA) | $8.19 Million | -70.52% | 0.51x | $242.64 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $147.50 Million |
| Atlantic Lithium Ltd (A11) | $34.78 Million | -99.62% | 0.13x | $183.97 Million |
| African Gold Ltd (A1G) | $8.52 Million | -85.61% | 0.07x | $410.96 Million |
| Albright Metals Ltd (ABR) | $7.50 Million | -2.38% | 0.02x | $3.15 Million |
| Audalia Resources Ltd (ACP) | $3.46 Million | 0.00% | 0.00x | $13.54 Million |
| Accent Resources NL (ACS) | $21.22 Million | -3.37% | 0.01x | $19.05 Million |
| Acdc Metals Ltd (ADC) | $10.58 Million | -4.74% | 0.03x | $2.92 Million |
About Pilbara Minerals Ltd
PLS Group Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. Its flagship projects is the 100% owned Pilgangoora project located in the Pilbara region of Western Australia. The company was formerly known as Pilbara Minerals Limited and changed its name to PLS Group Limited in November 2025. The company was … Read more