Tungsten Mining NL (TGN) - Net Assets

Latest as of December 2025: AU$37.96 Million AUD ≈ $26.86 Million USD

Based on the latest financial reports, Tungsten Mining NL (TGN) has net assets worth AU$37.96 Million AUD (≈ $26.86 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$47.73 Million ≈ $33.77 Million USD) and total liabilities (AU$9.77 Million ≈ $6.91 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 TGN cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$37.96 Million
% of Total Assets	79.53%
Annual Growth Rate	23.31%
5-Year Change	-29.49%
10-Year Change	938.42%
Growth Volatility	244.01

Tungsten Mining NL - Net Assets Trend (2012–2025)

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

Annual Net Assets for Tungsten Mining NL (2012–2025)

The table below shows the annual net assets of Tungsten Mining NL from 2012 to 2025. For live valuation and market cap data, see Tungsten Mining NL (TGN) market capitalisation.

Year	Net Assets	Change
2025-06-30	AU$28.56 Million ≈ $20.21 Million	+4.34%
2024-06-30	AU$27.38 Million ≈ $19.37 Million	-15.74%
2023-06-30	AU$32.49 Million ≈ $22.99 Million	-8.28%
2022-06-30	AU$35.42 Million ≈ $25.06 Million	-12.55%
2021-06-30	AU$40.51 Million ≈ $28.66 Million	-9.03%
2020-06-30	AU$44.53 Million ≈ $31.51 Million	-19.92%
2019-06-30	AU$55.61 Million ≈ $39.35 Million	+0.66%
2018-06-30	AU$55.24 Million ≈ $39.09 Million	+913.71%
2017-06-30	AU$5.45 Million ≈ $3.86 Million	+98.11%
2016-06-30	AU$2.75 Million ≈ $1.95 Million	+19.98%
2015-06-30	AU$2.29 Million ≈ $1.62 Million	-59.71%
2014-06-30	AU$5.69 Million ≈ $4.03 Million	+77.37%
2013-06-30	AU$3.21 Million ≈ $2.27 Million	+71.08%
2012-06-30	AU$1.88 Million ≈ $1.33 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tungsten Mining NL'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 7075323500.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$91.29 Million	319.61%
Other Comprehensive Income	AU$8.02 Million	28.09%
Total Equity	AU$28.56 Million	100.00%

Tungsten Mining NL Competitors by Market Cap

The table below lists competitors of Tungsten Mining NL ranked by their market capitalization.

Company	Market Cap
National Bankshares Inc NASDAQ:NKSH	$232.19 Million
HUYA Inc NYSE:HUYA	$232.20 Million
BINEX Co. Ltd KQ:053030	$232.28 Million
Apcotex Industries Limited NSE:APCOTEXIND	$232.43 Million
China Yongda Automobiles Services Holdings Ltd F:1CY	$232.12 Million
Absolent Group AB ST:ABSO	$232.09 Million
Ammo Inc NASDAQ:POWW	$231.88 Million
CS Disco LLC NYSE:LAW	$231.84 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 27,375,498 to 28,562,998, a change of 1,187,500 (4.3%).
Net loss of 7,816,888 reduced equity.
Share repurchases of 18,572 reduced equity.
Other comprehensive income increased equity by 172,960.
Other factors increased equity by 8,850,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-7.82 Million	-27.37%
Share Repurchases	AU$18.57K	-0.07%
Other Comprehensive Income	AU$172.96K	+0.61%
Other Changes	AU$8.85 Million	+30.98%
Total Change	AU$-	4.34%

Book Value vs Market Value Analysis

This analysis compares Tungsten Mining NL'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: 6.94x
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 6.13x to 6.94x 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$0.04	AU$0.24	x
2014-06-30	AU$0.05	AU$0.24	x
2015-06-30	AU$0.01	AU$0.24	x
2016-06-30	AU$0.01	AU$0.24	x
2017-06-30	AU$0.02	AU$0.24	x
2018-06-30	AU$0.11	AU$0.24	x
2019-06-30	AU$0.08	AU$0.24	x
2020-06-30	AU$0.06	AU$0.24	x
2021-06-30	AU$0.05	AU$0.24	x
2022-06-30	AU$0.05	AU$0.24	x
2023-06-30	AU$0.04	AU$0.24	x
2024-06-30	AU$0.03	AU$0.24	x
2025-06-30	AU$0.03	AU$0.24	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tungsten Mining NL 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): -27.37%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -7331.82%
• Asset Turnover: 0.00x
• Equity Multiplier: 1.50x
Recent ROE (-27.37%) is above the historical average (-45.34%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-151.27%	-17773.27%	0.01x	1.07x	AU$-5.17 Million
2014	-50.19%	0.00%	0.00x	1.05x	AU$-3.42 Million
2015	-148.16%	-2170.72%	0.06x	1.12x	AU$-3.63 Million
2016	-56.57%	-296.50%	0.13x	1.47x	AU$-1.83 Million
2017	-45.32%	-493914.00%	0.00x	1.04x	AU$-3.01 Million
2018	-7.59%	-9323.05%	0.00x	1.01x	AU$-9.72 Million
2019	-21.58%	-119492.05%	0.00x	1.04x	AU$-17.56 Million
2020	-27.63%	-7229.22%	0.00x	1.05x	AU$-16.76 Million
2021	-11.66%	-3291.62%	0.00x	1.06x	AU$-8.77 Million
2022	-14.36%	-24464.30%	0.00x	1.04x	AU$-8.63 Million
2023	-9.03%	-187.86%	0.04x	1.08x	AU$-6.18 Million
2024	-18.68%	-120874.11%	0.00x	1.09x	AU$-7.85 Million
2025	-27.37%	-7331.82%	0.00x	1.50x	AU$-10.67 Million

Industry Comparison

This section compares Tungsten Mining NL'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
Tungsten Mining NL (TGN)	AU$37.96 Million	-151.27%	0.26x	$232.18 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 Tungsten Mining NL

AU:TGN Australia Other Industrial Metals & Mining

Market Cap

$232.18 Million

AU$328.14 Million AUD

Market Cap Rank

#16001 Global

#445 in Australia

Share Price

AU$0.24

Change (1 day)

+0.00%

52-Week Range

AU$0.06 - AU$0.35

All Time High

AU$0.80