Reef Casino Trust
Reef Casino Trust operates as an owner and lessor of the Reef Hotel Casino complex located in Cairns in North Queensland, Australia. The company provides various dine options comprising Tamarind Restaurant, Soy Kitchen Street Food, Merchant Café, and Flinders Bar and Grill restaurants. It offers venues, including Lihou bar, Bar36, tamarind private dining, sports arena, events and conferences, and… Read more
Reef Casino Trust (RCT) - Net Assets
Latest net assets as of December 2025: AU$12.19 Million AUD
Based on the latest financial reports, Reef Casino Trust (RCT) has net assets worth AU$12.19 Million 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$103.62 Million) and total liabilities (AU$91.42 Million). 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$12.19 Million |
| % of Total Assets | 11.77% |
| Annual Growth Rate | -3.03% |
| 5-Year Change | -4.96% |
| 10-Year Change | -0.29% |
| Growth Volatility | 47.95 |
Reef Casino Trust - Net Assets Trend (1993–2025)
This chart illustrates how Reef Casino Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Reef Casino Trust (1993–2025)
The table below shows the annual net assets of Reef Casino Trust from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$12.19 Million | +7.43% |
| 2024-12-31 | AU$11.35 Million | -1.38% |
| 2023-12-31 | AU$11.51 Million | -19.13% |
| 2022-12-31 | AU$14.23 Million | +10.94% |
| 2021-12-31 | AU$12.83 Million | +45.72% |
| 2020-12-31 | AU$8.80 Million | -24.82% |
| 2019-12-31 | AU$11.71 Million | -0.48% |
| 2018-12-31 | AU$11.77 Million | -9.80% |
| 2017-12-31 | AU$13.05 Million | +6.69% |
| 2016-12-31 | AU$12.23 Million | -9.21% |
| 2015-12-31 | AU$13.47 Million | -3.68% |
| 2014-12-31 | AU$13.98 Million | -2.74% |
| 2013-12-31 | AU$14.38 Million | +13.64% |
| 2012-12-31 | AU$12.65 Million | +7.64% |
| 2011-12-31 | AU$11.75 Million | +3.15% |
| 2010-12-31 | AU$11.39 Million | -17.25% |
| 2009-12-31 | AU$13.77 Million | -80.44% |
| 2008-12-31 | AU$70.41 Million | -0.42% |
| 2007-12-31 | AU$70.70 Million | +110.36% |
| 2006-12-31 | AU$33.61 Million | +2.71% |
| 2005-12-31 | AU$32.72 Million | -74.46% |
| 2004-12-31 | AU$128.14 Million | +37.12% |
| 2003-12-31 | AU$93.45 Million | +9.52% |
| 2002-12-31 | AU$85.33 Million | +2.72% |
| 2001-12-31 | AU$83.07 Million | +78.57% |
| 2000-12-31 | AU$46.52 Million | -3.08% |
| 1999-12-31 | AU$48.00 Million | +258.92% |
| 1998-12-31 | AU$-30.20 Million | -1.51% |
| 1997-12-31 | AU$-29.75 Million | -135.53% |
| 1996-12-31 | AU$83.74 Million | -16.79% |
| 1995-12-31 | AU$100.63 Million | +44.71% |
| 1994-12-31 | AU$69.54 Million | +112.79% |
| 1993-12-31 | AU$32.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Reef Casino Trust'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 8663900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$85.05 Million | 697.54% |
| Other Comprehensive Income | AU$13.78 Million | 113.02% |
| Total Equity | AU$12.19 Million | 100.00% |
Reef Casino Trust Competitors by Market Cap
The table below lists competitors of Reef Casino Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asuransi Kresna Mitra Tbk PT
JK:ASMI
|
$6.84 Million |
|
Nuburu Inc
PINK:BURUW
|
$6.85 Million |
|
Luzhou Xinglu Water (Group) Co., Ltd.
F:2LX
|
$6.85 Million |
|
Woojin I&S Co Ltd
KO:010400
|
$6.85 Million |
|
Adbiotech Co. Ltd.
KQ:179530
|
$6.84 Million |
|
Naphtha
TA:NFTA
|
$6.84 Million |
|
AI/ML Innovations Inc
OTCQB:AIMLF
|
$6.84 Million |
|
Crest Builder Holdings Bhd
KLSE:8591
|
$6.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Reef Casino Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,350,000 to 12,193,000, a change of 843,000 (7.4%).
- Net income of 5,410,000 contributed positively to equity growth.
- Dividend payments of 9,133,000 reduced retained earnings.
- Other comprehensive income increased equity by 843,000.
- Other factors increased equity by 3,723,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$5.41 Million | +44.37% |
| Dividends Paid | AU$9.13 Million | -74.9% |
| Other Comprehensive Income | AU$843.00K | +6.91% |
| Other Changes | AU$3.72 Million | +30.53% |
| Total Change | AU$- | 7.43% |
Book Value vs Market Value Analysis
This analysis compares Reef Casino Trust'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: 7.07x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.64x to 7.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | AU$1.31 | AU$3.46 | x |
| 1994-12-31 | AU$3.78 | AU$3.46 | x |
| 1995-12-31 | AU$8.46 | AU$3.46 | x |
| 1996-12-31 | AU$6.80 | AU$3.46 | x |
| 1997-12-31 | AU$-2.49 | AU$3.46 | x |
| 1998-12-31 | AU$-2.54 | AU$3.46 | x |
| 1999-12-31 | AU$1.28 | AU$3.46 | x |
| 2000-12-31 | AU$0.93 | AU$3.46 | x |
| 2001-12-31 | AU$1.67 | AU$3.46 | x |
| 2002-12-31 | AU$1.71 | AU$3.46 | x |
| 2003-12-31 | AU$1.88 | AU$3.46 | x |
| 2004-12-31 | AU$2.57 | AU$3.46 | x |
| 2005-12-31 | AU$0.66 | AU$3.46 | x |
| 2006-12-31 | AU$0.67 | AU$3.46 | x |
| 2007-12-31 | AU$2.84 | AU$3.46 | x |
| 2008-12-31 | AU$2.83 | AU$3.46 | x |
| 2009-12-31 | AU$0.55 | AU$3.46 | x |
| 2010-12-31 | AU$0.46 | AU$3.46 | x |
| 2011-12-31 | AU$0.47 | AU$3.46 | x |
| 2012-12-31 | AU$0.51 | AU$3.46 | x |
| 2013-12-31 | AU$0.58 | AU$3.46 | x |
| 2014-12-31 | AU$0.56 | AU$3.46 | x |
| 2015-12-31 | AU$0.54 | AU$3.46 | x |
| 2016-12-31 | AU$0.49 | AU$3.46 | x |
| 2017-12-31 | AU$0.52 | AU$3.46 | x |
| 2018-12-31 | AU$0.47 | AU$3.46 | x |
| 2019-12-31 | AU$0.47 | AU$3.46 | x |
| 2020-12-31 | AU$0.35 | AU$3.46 | x |
| 2021-12-31 | AU$0.52 | AU$3.46 | x |
| 2022-12-31 | AU$0.57 | AU$3.46 | x |
| 2023-12-31 | AU$0.46 | AU$3.46 | x |
| 2024-12-31 | AU$0.46 | AU$3.46 | x |
| 2025-12-31 | AU$0.49 | AU$3.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Reef Casino Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 44.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.23%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 8.50x
- Recent ROE (44.37%) is above the historical average (30.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | -26.63% | 0.00% | 0.00x | 2.03x | AU$-36.86 Million |
| 1996 | -20.18% | 0.00% | 0.00x | 2.26x | AU$-25.27 Million |
| 1997 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-110.52 Million |
| 1998 | 0.00% | 0.00% | 0.00x | 0.00x | AU$2.57 Million |
| 1999 | 78.08% | 251.18% | 0.18x | 1.75x | AU$30.98 Million |
| 2000 | 8.60% | 50.67% | 0.10x | 1.74x | AU$-652.80K |
| 2001 | 51.34% | 83.47% | 0.43x | 1.41x | AU$34.34 Million |
| 2002 | 9.80% | 2912.20% | 0.00x | 1.33x | AU$-174.90K |
| 2003 | 11.89% | 56.81% | 0.17x | 1.24x | AU$1.76 Million |
| 2004 | 32.71% | 170.33% | 0.17x | 1.16x | AU$29.10 Million |
| 2005 | 11.29% | 16.43% | 0.16x | 4.25x | AU$423.70K |
| 2006 | 20.06% | 26964.00% | 0.00x | 4.16x | AU$3.38 Million |
| 2007 | 11.02% | 278.82% | 0.02x | 2.50x | AU$722.70K |
| 2008 | 8.65% | 15610.26% | 0.00x | 2.52x | AU$-952.80K |
| 2009 | 46.53% | 27.50% | 0.20x | 8.35x | AU$5.03 Million |
| 2010 | 33.59% | 21.17% | 0.16x | 9.88x | AU$2.69 Million |
| 2011 | 49.51% | 11190.38% | 0.00x | 9.54x | AU$4.64 Million |
| 2012 | 42.75% | 25.39% | 0.19x | 8.77x | AU$4.14 Million |
| 2013 | 48.42% | 28.68% | 0.22x | 7.72x | AU$5.52 Million |
| 2014 | 43.14% | 26.39% | 0.21x | 7.66x | AU$4.63 Million |
| 2015 | 55.53% | 29.80% | 0.24x | 7.88x | AU$6.13 Million |
| 2016 | 48.68% | 26.65% | 0.20x | 8.96x | AU$4.73 Million |
| 2017 | 43.24% | 25.19% | 0.21x | 8.18x | AU$4.34 Million |
| 2018 | 42.92% | 23.58% | 0.20x | 8.92x | AU$3.87 Million |
| 2019 | 28.48% | 17.50% | 0.19x | 8.67x | AU$2.16 Million |
| 2020 | -2.37% | -1.33% | 0.16x | 11.39x | AU$-1.09 Million |
| 2021 | 57.38% | 27.40% | 0.26x | 8.14x | AU$6.08 Million |
| 2022 | 63.19% | 29.47% | 0.28x | 7.54x | AU$7.57 Million |
| 2023 | 46.67% | 20.43% | 0.26x | 8.91x | AU$4.22 Million |
| 2024 | 44.79% | 19.92% | 0.25x | 8.91x | AU$3.95 Million |
| 2025 | 44.37% | 20.23% | 0.26x | 8.50x | AU$4.19 Million |
Industry Comparison
This section compares Reef Casino Trust's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $71,089,444
- Average return on equity (ROE) among peers: -275.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Reef Casino Trust (RCT) | AU$12.19 Million | -26.63% | 7.50x | $6.84 Million |
| Donaco International Ltd (DNA) | $520.89K | -586.09% | 0.93x | $13.81 Million |
| GemLife Communities Group (GLF) | $141.66 Million | 35.99% | 4.16x | $28.42K |