Pioneer Credit Ltd (PNC) - Net Assets

Latest as of December 2025: AU$70.65 Million AUD ≈ $49.99 Million USD

Based on the latest financial reports, Pioneer Credit Ltd (PNC) has net assets worth AU$70.65 Million AUD (≈ $49.99 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$396.51 Million ≈ $280.55 Million USD) and total liabilities (AU$325.86 Million ≈ $230.57 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 asset resilience ratio of Pioneer Credit Ltd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$70.65 Million
% of Total Assets	17.82%
Annual Growth Rate	17.51%
5-Year Change	10.82%
10-Year Change	-6.45%
Growth Volatility	74.23

Pioneer Credit Ltd - Net Assets Trend (2011–2025)

This chart illustrates how Pioneer Credit Ltd's net assets have evolved over time, based on quarterly financial data. Also explore PNC current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Pioneer Credit Ltd (2011–2025)

The table below shows the annual net assets of Pioneer Credit Ltd from 2011 to 2025. For live valuation and market cap data, see PNC market cap.

Year	Net Assets	Change
2025-06-30	AU$60.58 Million ≈ $42.87 Million	+37.08%
2024-06-30	AU$44.19 Million ≈ $31.27 Million	+5.39%
2023-06-30	AU$41.93 Million ≈ $29.67 Million	+2.07%
2022-06-30	AU$41.08 Million ≈ $29.07 Million	-24.86%
2021-06-30	AU$54.67 Million ≈ $38.68 Million	-14.52%
2020-06-30	AU$63.96 Million ≈ $45.26 Million	-37.75%
2019-06-30	AU$102.74 Million ≈ $72.69 Million	+1.01%
2018-06-30	AU$101.71 Million ≈ $71.97 Million	+12.66%
2017-06-30	AU$90.29 Million ≈ $63.88 Million	+39.43%
2016-06-30	AU$64.76 Million ≈ $45.82 Million	+22.46%
2015-06-30	AU$52.88 Million ≈ $37.41 Million	+11.08%
2014-06-30	AU$47.60 Million ≈ $33.68 Million	+264.07%
2013-06-30	AU$13.07 Million ≈ $9.25 Million	-6.67%
2012-06-30	AU$14.01 Million ≈ $9.91 Million	+121.38%
2011-06-30	AU$6.33 Million ≈ $4.48 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Pioneer Credit 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 85686.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$130.75 Million	215.82%
Other Comprehensive Income	AU$868.00K	1.43%
Total Equity	AU$60.58 Million	100.00%

Pioneer Credit Ltd Competitors by Market Cap

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

Company	Market Cap
ETHZilla Corporation NASDAQ:ETHZ	$67.11 Million
Great Elm Group Inc NASDAQ:GEG	$67.13 Million
Ritco Logistics Limited NSE:RITCO	$67.15 Million
Nahar Poly Films Limited NSE:NAHARPOLY	$67.16 Million
Unifi Inc NYSE:UFI	$67.08 Million
Chumporn Palm Oil Industry Public Company Limited BK:CPI	$67.06 Million
Acrinova AB Series B ST:ACRI-B	$67.04 Million
Ocean Power Technologies Inc NYSE MKT:OPTT	$67.04 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 44,194,000 to 60,582,000, a change of 16,388,000 (37.1%).
Net income of 6,664,000 contributed positively to equity growth.
Share repurchases of 9,194,000 reduced equity.
New share issuances of 9,427,000 increased equity.
Other comprehensive income decreased equity by 6,310,000.
Other factors increased equity by 15,801,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$6.66 Million	+11.0%
Share Repurchases	AU$9.19 Million	-15.18%
Share Issuances	AU$9.43 Million	+15.56%
Other Comprehensive Income	AU$-6.31 Million	-10.42%
Other Changes	AU$15.80 Million	+26.08%
Total Change	AU$-	37.08%

Book Value vs Market Value Analysis

This analysis compares Pioneer Credit 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: 1.78x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.28x to 1.78x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-06-30	AU$2.11	AU$0.59	x
2014-06-30	AU$3.61	AU$0.59	x
2015-06-30	AU$1.16	AU$0.59	x
2016-06-30	AU$1.37	AU$0.59	x
2017-06-30	AU$1.70	AU$0.59	x
2018-06-30	AU$1.60	AU$0.59	x
2019-06-30	AU$1.57	AU$0.59	x
2020-06-30	AU$1.01	AU$0.59	x
2021-06-30	AU$0.85	AU$0.59	x
2022-06-30	AU$0.50	AU$0.59	x
2023-06-30	AU$0.34	AU$0.59	x
2024-06-30	AU$0.16	AU$0.59	x
2025-06-30	AU$0.33	AU$0.59	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Pioneer Credit 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): 11.00%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1815.80%
• Asset Turnover: 0.00x
• Equity Multiplier: 6.41x
Recent ROE (11.00%) is above the historical average (-7.64%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	26.92%	22.42%	0.37x	3.21x	AU$2.21 Million
2014	2.20%	4.07%	0.37x	1.48x	AU$-3.71 Million
2015	14.07%	19.23%	0.41x	1.79x	AU$2.15 Million
2016	14.59%	15.51%	0.48x	1.97x	AU$2.97 Million
2017	11.91%	19.11%	0.31x	2.00x	AU$1.72 Million
2018	17.30%	21.82%	0.33x	2.41x	AU$7.43 Million
2019	4.17%	6.11%	0.25x	2.76x	AU$-5.99 Million
2020	-62.67%	-74.50%	0.19x	4.49x	AU$-46.48 Million
2021	-35.95%	-36.81%	0.20x	4.94x	AU$-25.12 Million
2022	-80.56%	-61.67%	0.16x	8.26x	AU$-37.20 Million
2023	0.40%	0.21%	0.24x	7.79x	AU$-4.03 Million
2024	-22.72%	-15.27%	0.18x	8.33x	AU$-14.46 Million
2025	11.00%	1815.80%	0.00x	6.41x	AU$605.80K

Industry Comparison

This section compares Pioneer Credit Ltd's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $210,689,802
Average return on equity (ROE) among peers: 41.19%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pioneer Credit Ltd (PNC)	AU$70.65 Million	26.92%	4.61x	$67.10 Million
Butn Ltd (BTN)	$-907.04K	0.00%	0.00x	$7.26 Million
Credit Corp Group Ltd (CCP)	$26.34 Million	0.10%	1.27x	$516.29 Million
Earlypay Ltd (EPY)	$40.17 Million	7.93%	5.49x	$27.49 Million
FSA Group Ltd (FSA)	$7.25 Million	-3.68%	0.10x	$103.52 Million
Harmoney Corp Ltd (HMY)	$37.13 Million	14.86%	24.46x	$58.17 Million
Humm Group Ltd (HUM)	$578.90 Million	1.23%	8.36x	$206.99 Million
Lawfinance Ltd (LAW)	$10.36 Million	0.00%	0.07x	$225.95K
Liberty Financial Group (LFG)	$1.00 Billion	4.65%	12.00x	$726.08 Million
Latitude Group Holdings Ltd (LFS)	$403.85 Million	7.17%	20.83x	$673.14 Million
Moneyme Ltd (MME)	$2.61 Million	379.69%	16.06x	$48.86 Million

About Pioneer Credit Ltd

AU:PNC Australia Credit Services

Market Cap

$67.10 Million

AU$94.83 Million AUD

Market Cap Rank

#20733 Global

#720 in Australia

Share Price

AU$0.59

Change (1 day)

-4.84%

52-Week Range

AU$0.43 - AU$0.76

All Time High

AU$2.20