S2 Resources Ltd (S2R) - Net Assets

Latest as of December 2025: AU$24.97 Million AUD ≈ $17.67 Million USD

Based on the latest financial reports, S2 Resources Ltd (S2R) has net assets worth AU$24.97 Million AUD (≈ $17.67 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$27.78 Million ≈ $19.65 Million USD) and total liabilities (AU$2.80 Million ≈ $1.98 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 S2 Resources Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$24.97 Million
% of Total Assets	89.91%
Annual Growth Rate	-7.78%
5-Year Change	-41.68%
10-Year Change	N/A
Growth Volatility	32.77

S2 Resources Ltd - Net Assets Trend (2016–2025)

This chart illustrates how S2 Resources Ltd's net assets have evolved over time, based on quarterly financial data. Also explore S2R total assets for the complete picture of this company's asset base.

Annual Net Assets for S2 Resources Ltd (2016–2025)

The table below shows the annual net assets of S2 Resources Ltd from 2016 to 2025. For live valuation and market cap data, see how much is S2 Resources Ltd worth.

Year	Net Assets	Change
2025-06-30	AU$9.12 Million ≈ $6.45 Million	+12.73%
2024-06-30	AU$8.09 Million ≈ $5.72 Million	-8.91%
2023-06-30	AU$8.88 Million ≈ $6.28 Million	-10.65%
2022-06-30	AU$9.94 Million ≈ $7.03 Million	-36.44%
2021-06-30	AU$15.64 Million ≈ $11.06 Million	+66.75%
2020-06-30	AU$9.38 Million ≈ $6.63 Million	-41.50%
2019-06-30	AU$16.03 Million ≈ $11.34 Million	-35.35%
2018-06-30	AU$24.79 Million ≈ $17.54 Million	+5.73%
2017-06-30	AU$23.45 Million ≈ $16.59 Million	+24.11%
2016-06-30	AU$18.89 Million ≈ $13.37 Million	--

Equity Component Analysis

This analysis shows how different components contribute to S2 Resources 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 6161641600.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$81.35 Million	892.06%
Other Comprehensive Income	AU$1.88 Million	20.56%
Other Components	AU$1.00	0.00%
Total Equity	AU$9.12 Million	100.00%

S2 Resources Ltd Competitors by Market Cap

The table below lists competitors of S2 Resources Ltd ranked by their market capitalization.

Company	Market Cap
Kintech Electronics Co Ltd TWO:6210	$22.58 Million
Shenzhen Shenbao Industrial Co Ltd SHE:200019	$22.59 Million
Medhelp Care AB ST:MEDHLP	$22.60 Million
Z-Com Inc TWO:8176	$22.60 Million
PT Cilacap Samudera Fishing Industry Tbk JK:ASHA	$22.56 Million
Sinergi Megah Internusa Tbk PT JK:NUSA	$22.56 Million
Hakers Enterprise Co Ltd TWO:4432	$22.55 Million
Bintang Mitra Semestaraya Tbk JK:BMSR	$22.55 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in S2 Resources Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 8,089,045 to 9,119,169, a change of 1,030,124 (12.7%).
Net loss of 2,589,312 reduced equity.
Share repurchases of 160,168 reduced equity.
New share issuances of 2,890,000 increased equity.
Other comprehensive income decreased equity by 507,353.
Other factors increased equity by 1,396,957.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-2.59 Million	-28.39%
Share Repurchases	AU$160.17K	-1.76%
Share Issuances	AU$2.89 Million	+31.69%
Other Comprehensive Income	AU$-507.35K	-5.56%
Other Changes	AU$1.40 Million	+15.32%
Total Change	AU$-	12.73%

Book Value vs Market Value Analysis

This analysis compares S2 Resources 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: 2.99x
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 0.51x to 2.99x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-06-30	AU$0.12	AU$0.06	x
2016-06-30	AU$0.09	AU$0.06	x
2017-06-30	AU$0.10	AU$0.06	x
2018-06-30	AU$0.10	AU$0.06	x
2019-06-30	AU$0.06	AU$0.06	x
2020-06-30	AU$0.04	AU$0.06	x
2021-06-30	AU$0.05	AU$0.06	x
2022-06-30	AU$0.03	AU$0.06	x
2023-06-30	AU$0.02	AU$0.06	x
2024-06-30	AU$0.02	AU$0.06	x
2025-06-30	AU$0.02	AU$0.06	x

Capital Efficiency Dashboard

This dashboard shows how efficiently S2 Resources 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): -28.39%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1283.90%
• Asset Turnover: 0.02x
• Equity Multiplier: 1.10x
Recent ROE (-28.39%) is above the historical average (-56.43%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-57.28%	-2802.71%	0.02x	1.06x	AU$-12.71 Million
2017	-42.73%	-2338.75%	0.02x	1.03x	AU$-12.37 Million
2018	-6.75%	-782.56%	0.01x	1.02x	AU$-4.15 Million
2019	-51.71%	-5274.56%	0.01x	1.05x	AU$-9.89 Million
2020	-79.72%	-10024.20%	0.01x	1.06x	AU$-8.41 Million
2021	-46.27%	-12846.55%	0.00x	1.07x	AU$-8.80 Million
2022	-74.11%	-4412.88%	0.02x	1.06x	AU$-8.36 Million
2023	-76.07%	-5214.56%	0.01x	1.09x	AU$-7.64 Million
2024	-101.26%	-1746.27%	0.05x	1.11x	AU$-9.00 Million
2025	-28.39%	-1283.90%	0.02x	1.10x	AU$-3.50 Million

Industry Comparison

This section compares S2 Resources 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: $5,711,623
Average return on equity (ROE) among peers: -27.49%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
S2 Resources Ltd (S2R)	AU$24.97 Million	-57.28%	0.11x	$22.57 Million
Morella Corporation Ltd (1MC)	$16.53 Million	-35.29%	0.29x	$8.08 Million
Amaero Ltd (3DA)	$29.43 Million	-63.84%	0.70x	$252.75 Million
6K Additive Inc (6KA)	$-42.72 Million	0.00%	0.00x	$160.74 Million
Atlantic Lithium Ltd (A11)	$789.39K	-143.95%	0.47x	$151.02 Million
African Gold Ltd (A1G)	$11.13 Million	-22.75%	0.07x	$419.02 Million
Albright Metals Ltd (ABR)	$10.99 Million	-9.29%	0.07x	$3.68 Million
Audalia Resources Ltd (ACP)	$4.75 Million	-16.80%	1.00x	$14.72 Million
Accent Resources NL (ACS)	$4.38 Million	-14.12%	0.03x	$16.28 Million
Acdc Metals Ltd (ADC)	$10.58 Million	-4.74%	0.03x	$3.13 Million
Andromeda Metals Ltd (ADN)	$11.27 Million	35.85%	0.04x	$26.17 Million

About S2 Resources Ltd

AU:S2R Australia Other Industrial Metals & Mining

Market Cap

$22.57 Million

AU$31.90 Million AUD

Market Cap Rank

#24624 Global

#1037 in Australia

Share Price

AU$0.06

Change (1 day)

-4.76%

52-Week Range

AU$0.05 - AU$0.13

All Time High

AU$0.76