TPG Telecom Ltd Net Assets
TPG Telecom Ltd net assets. Based on the latest financial reports, TPG Telecom Ltd (TPG) has net assets worth AU$8.53 Billion AUD (≈ $6.04 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$14.10 Billion ≈ $9.98 Billion USD) and total liabilities (AU$5.57 Billion ≈ $3.94 Billion 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. Also explore net asset momentum of TPG Telecom Ltd to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$8.53 Billion |
| % of Total Assets | 60.5% |
| Annual Growth Rate | 24.98% |
| 5-Year Change | -25.36% |
| 10-Year Change | -27.09% |
| Growth Volatility | 130.26 |
Net Assets of TPG Telecom Ltd (2000–2025)
Net assets of TPG Telecom Ltd from 2000 to 2025. This chart illustrates how TPG Telecom Ltd's net assets have evolved over time, based on quarterly financial data. See TPG Telecom Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for TPG Telecom Ltd (2000–2025)
The table below shows the annual net assets of TPG Telecom Ltd from 2000 to 2025. For live market cap and overall valuation, see TPG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$8.67 Billion ≈ $6.14 Billion |
-22.39% |
| 2024-12-31 | AU$11.17 Billion ≈ $7.91 Billion |
0.00% |
| 2024-07-31 | AU$11.17 Billion ≈ $7.91 Billion |
-3.82% |
| 2023-12-31 | AU$11.62 Billion ≈ $8.22 Billion |
0.00% |
| 2023-07-31 | AU$11.62 Billion ≈ $8.22 Billion |
-2.38% |
| 2022-12-31 | AU$11.90 Billion ≈ $8.42 Billion |
0.00% |
| 2022-07-31 | AU$11.90 Billion ≈ $8.42 Billion |
+1.55% |
| 2021-12-31 | AU$11.72 Billion ≈ $8.29 Billion |
0.00% |
| 2021-07-31 | AU$11.72 Billion ≈ $8.29 Billion |
-1.46% |
| 2020-12-31 | AU$11.89 Billion ≈ $8.41 Billion |
+1088.53% |
| 2020-07-31 | AU$-1.20 Billion ≈ $-851.20 Million |
-141.67% |
| 2019-12-31 | AU$2.89 Billion ≈ $2.04 Billion |
0.00% |
| 2019-07-31 | AU$2.89 Billion ≈ $2.04 Billion |
+413.13% |
| 2018-12-31 | AU$-922.07 Million ≈ $-652.42 Million |
0.00% |
| 2018-07-31 | AU$-922.07 Million ≈ $-652.42 Million |
-16.30% |
| 2017-12-31 | AU$-792.85 Million ≈ $-560.99 Million |
0.00% |
| 2017-07-31 | AU$-792.85 Million ≈ $-560.99 Million |
-29.00% |
| 2016-12-31 | AU$-614.59 Million ≈ $-434.86 Million |
0.00% |
| 2016-07-31 | AU$-614.59 Million ≈ $-434.86 Million |
-64.48% |
| 2015-12-31 | AU$-373.65 Million ≈ $-264.38 Million |
0.00% |
| 2015-07-31 | AU$-373.65 Million ≈ $-264.38 Million |
-742.41% |
| 2014-12-31 | AU$58.16 Million ≈ $41.15 Million |
0.00% |
| 2014-07-31 | AU$58.16 Million ≈ $41.15 Million |
-91.88% |
| 2013-12-31 | AU$715.97 Million ≈ $506.59 Million |
0.00% |
| 2013-07-31 | AU$715.97 Million ≈ $506.59 Million |
+21.19% |
| 2012-12-31 | AU$590.78 Million ≈ $418.01 Million |
0.00% |
| 2012-07-31 | AU$590.78 Million ≈ $418.01 Million |
+14.52% |
| 2011-12-31 | AU$515.86 Million ≈ $365.00 Million |
0.00% |
| 2011-07-31 | AU$515.86 Million ≈ $365.00 Million |
+15.81% |
| 2010-12-31 | AU$445.44 Million ≈ $315.18 Million |
0.00% |
| 2010-07-31 | AU$445.44 Million ≈ $315.18 Million |
+37.14% |
| 2009-12-31 | AU$324.80 Million ≈ $229.82 Million |
0.00% |
| 2009-07-31 | AU$324.80 Million ≈ $229.82 Million |
+5.92% |
| 2008-12-31 | AU$306.65 Million ≈ $216.97 Million |
0.00% |
| 2008-07-31 | AU$306.65 Million ≈ $216.97 Million |
+31.89% |
| 2007-12-31 | AU$232.50 Million ≈ $164.51 Million |
0.00% |
| 2007-07-31 | AU$232.50 Million ≈ $164.51 Million |
-26.95% |
| 2006-12-31 | AU$318.26 Million ≈ $225.19 Million |
0.00% |
| 2006-07-31 | AU$318.26 Million ≈ $225.19 Million |
+0.52% |
| 2005-12-31 | AU$316.62 Million ≈ $224.03 Million |
0.00% |
| 2005-07-31 | AU$316.62 Million ≈ $224.03 Million |
+138.59% |
| 2004-12-31 | AU$132.71 Million ≈ $93.90 Million |
0.00% |
| 2004-07-31 | AU$132.71 Million ≈ $93.90 Million |
+252.92% |
| 2003-12-31 | AU$37.60 Million ≈ $26.61 Million |
0.00% |
| 2003-07-31 | AU$37.60 Million ≈ $26.61 Million |
+18.45% |
| 2002-12-31 | AU$31.75 Million ≈ $22.46 Million |
0.00% |
| 2002-07-31 | AU$31.75 Million ≈ $22.46 Million |
+6.03% |
| 2000-12-31 | AU$29.94 Million ≈ $21.18 Million |
0.00% |
| 2000-07-31 | AU$29.94 Million ≈ $21.18 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to TPG Telecom 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 726294000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
TPG Telecom Ltd Net Assets Breakdown (December 2025)
TPG Telecom Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$15.94 Billion | 183.82% |
| Other Comprehensive Income | AU$34.00 Million | 0.39% |
| Total Equity | AU$8.67 Billion | 100.00% |
TPG Telecom Ltd Competitors by Market Cap
The table below lists competitors of TPG Telecom Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Randstad NV
AS:RAND
|
$5.69 Billion |
|
AURA MINERALS INC. O.N.
F:A531
|
$5.70 Billion |
|
Youngor Group Co Ltd
SHG:600177
|
$5.70 Billion |
|
AeroVironment Inc
NASDAQ:AVAV
|
$5.71 Billion |
|
Netskope, Inc. Class A Common Stock
NASDAQ:NTSK
|
$5.69 Billion |
|
Transocean Ltd
NYSE:RIG
|
$5.69 Billion |
|
MEG Energy Corp
TO:MEG
|
$5.68 Billion |
|
Taiwan Business Bank
TW:2834
|
$5.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TPG Telecom Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,173,000,000 to 8,671,000,000, a change of -2,502,000,000 (-22.4%).
- Net income of 129,000,000 contributed positively to equity growth.
- Dividend payments of 501,000,000 reduced retained earnings.
- Share repurchases of 25,000,000 reduced equity.
- New share issuances of 367,000,000 increased equity.
- Other comprehensive income increased equity by 8,000,000.
- Other factors decreased equity by 2,480,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$129.00 Million | +1.49% |
| Dividends Paid | AU$501.00 Million | -5.78% |
| Share Repurchases | AU$25.00 Million | -0.29% |
| Share Issuances | AU$367.00 Million | +4.23% |
| Other Comprehensive Income | AU$8.00 Million | +0.09% |
| Other Changes | AU$-2.48 Billion | -28.6% |
| Total Change | AU$- | -22.39% |
Book Value vs Market Value Analysis
This analysis compares TPG Telecom 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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 254.62x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-07-31 | AU$0.02 | AU$4.10 | x |
| 2000-12-31 | AU$0.02 | AU$4.10 | x |
| 2002-07-31 | AU$0.02 | AU$4.10 | x |
| 2002-12-31 | AU$0.02 | AU$4.10 | x |
| 2003-07-31 | AU$0.02 | AU$4.10 | x |
| 2003-12-31 | AU$0.02 | AU$4.10 | x |
| 2004-07-31 | AU$0.07 | AU$4.10 | x |
| 2004-12-31 | AU$0.07 | AU$4.10 | x |
| 2005-07-31 | AU$0.14 | AU$4.10 | x |
| 2005-12-31 | AU$0.14 | AU$4.10 | x |
| 2006-07-31 | AU$0.14 | AU$4.10 | x |
| 2006-12-31 | AU$0.14 | AU$4.10 | x |
| 2007-07-31 | AU$0.13 | AU$4.10 | x |
| 2007-12-31 | AU$0.13 | AU$4.10 | x |
| 2008-07-31 | AU$0.16 | AU$4.10 | x |
| 2008-12-31 | AU$0.16 | AU$4.10 | x |
| 2009-07-31 | AU$0.17 | AU$4.10 | x |
| 2009-12-31 | AU$0.17 | AU$4.10 | x |
| 2010-07-31 | AU$0.24 | AU$4.10 | x |
| 2010-12-31 | AU$0.24 | AU$4.10 | x |
| 2011-07-31 | AU$0.28 | AU$4.10 | x |
| 2011-12-31 | AU$0.28 | AU$4.10 | x |
| 2012-07-31 | AU$0.32 | AU$4.10 | x |
| 2012-12-31 | AU$0.32 | AU$4.10 | x |
| 2013-07-31 | AU$0.39 | AU$4.10 | x |
| 2013-12-31 | AU$0.39 | AU$4.10 | x |
| 2014-07-31 | AU$0.03 | AU$4.10 | x |
| 2014-12-31 | AU$0.03 | AU$4.10 | x |
| 2015-07-31 | AU$-0.20 | AU$4.10 | x |
| 2015-12-31 | AU$-0.20 | AU$4.10 | x |
| 2016-07-31 | AU$-0.33 | AU$4.10 | x |
| 2016-12-31 | AU$-0.33 | AU$4.10 | x |
| 2017-07-31 | AU$-0.72 | AU$4.10 | x |
| 2017-12-31 | AU$-0.72 | AU$4.10 | x |
| 2018-07-31 | AU$-0.84 | AU$4.10 | x |
| 2018-12-31 | AU$-0.84 | AU$4.10 | x |
| 2019-07-31 | AU$6.96 | AU$4.10 | x |
| 2019-12-31 | AU$6.96 | AU$4.10 | x |
| 2020-07-31 | AU$-0.65 | AU$4.10 | x |
| 2020-12-31 | AU$6.40 | AU$4.10 | x |
| 2021-07-31 | AU$6.30 | AU$4.10 | x |
| 2021-12-31 | AU$6.30 | AU$4.10 | x |
| 2022-07-31 | AU$6.40 | AU$4.10 | x |
| 2022-12-31 | AU$6.40 | AU$4.10 | x |
| 2023-07-31 | AU$6.25 | AU$4.10 | x |
| 2023-12-31 | AU$6.25 | AU$4.10 | x |
| 2024-07-31 | AU$6.02 | AU$4.10 | x |
| 2024-12-31 | AU$6.02 | AU$4.10 | x |
| 2025-12-31 | AU$4.63 | AU$4.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TPG Telecom Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.56%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.76x
- Recent ROE (1.49%) is above the historical average (-41.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | -1.18% | -95.66% | 0.01x | 1.05x | AU$-3.35 Million |
| 2000 | -1.18% | -95.66% | 0.01x | 1.05x | AU$-3.35 Million |
| 2002 | 7.00% | 9.08% | 0.63x | 1.23x | AU$-952.60K |
| 2002 | 7.00% | 9.08% | 0.63x | 1.23x | AU$-952.60K |
| 2003 | 15.45% | 19.47% | 0.66x | 1.20x | AU$2.05 Million |
| 2003 | 15.45% | 19.47% | 0.66x | 1.20x | AU$2.05 Million |
| 2004 | 7.28% | 60.04% | 0.11x | 1.06x | AU$-3.61 Million |
| 2004 | 7.28% | 60.04% | 0.11x | 1.06x | AU$-3.61 Million |
| 2005 | 0.10% | 0.11% | 0.48x | 1.80x | AU$-25.58 Million |
| 2005 | 0.10% | 0.11% | 0.48x | 1.80x | AU$-25.58 Million |
| 2006 | 3.08% | 1.66% | 0.90x | 2.05x | AU$-18.37 Million |
| 2006 | 3.08% | 1.66% | 0.90x | 2.05x | AU$-18.37 Million |
| 2007 | 19.33% | 10.53% | 1.12x | 1.64x | AU$21.69 Million |
| 2007 | 19.33% | 10.53% | 1.12x | 1.64x | AU$21.69 Million |
| 2008 | -6.13% | -4.21% | 0.72x | 2.02x | AU$-49.45 Million |
| 2008 | -6.13% | -4.21% | 0.72x | 2.02x | AU$-49.45 Million |
| 2009 | 5.44% | 3.67% | 0.92x | 1.61x | AU$-14.82 Million |
| 2009 | 5.44% | 3.67% | 0.92x | 1.61x | AU$-14.82 Million |
| 2010 | 12.51% | 10.96% | 0.53x | 2.15x | AU$11.18 Million |
| 2010 | 12.51% | 10.96% | 0.53x | 2.15x | AU$11.18 Million |
| 2011 | 15.15% | 13.60% | 0.63x | 1.77x | AU$26.58 Million |
| 2011 | 15.15% | 13.60% | 0.63x | 1.77x | AU$26.58 Million |
| 2012 | 15.40% | 13.72% | 0.69x | 1.63x | AU$31.89 Million |
| 2012 | 15.40% | 13.72% | 0.69x | 1.63x | AU$31.89 Million |
| 2013 | 20.83% | 20.59% | 0.73x | 1.40x | AU$77.57 Million |
| 2013 | 20.83% | 20.59% | 0.73x | 1.40x | AU$77.57 Million |
| 2014 | -1127.48% | -18.79% | 0.45x | 133.91x | AU$-661.60 Million |
| 2014 | -1127.48% | -18.79% | 0.45x | 133.91x | AU$-661.60 Million |
| 2015 | 0.00% | -11.80% | 0.45x | 0.00x | AU$-392.80 Million |
| 2015 | 0.00% | -11.80% | 0.45x | 0.00x | AU$-392.80 Million |
| 2016 | 0.00% | -7.25% | 0.42x | 0.00x | AU$-180.30 Million |
| 2016 | 0.00% | -7.25% | 0.42x | 0.00x | AU$-180.30 Million |
| 2017 | 0.00% | -5.16% | 0.40x | 0.00x | AU$-98.09 Million |
| 2017 | 0.00% | -5.16% | 0.40x | 0.00x | AU$-98.09 Million |
| 2018 | 0.00% | -3.45% | 0.44x | 0.00x | AU$-31.84 Million |
| 2018 | 0.00% | -3.45% | 0.44x | 0.00x | AU$-31.84 Million |
| 2019 | -9.72% | -7.97% | 0.66x | 1.84x | AU$-568.21 Million |
| 2019 | -9.72% | -7.97% | 0.66x | 1.84x | AU$-568.21 Million |
| 2020 | 0.00% | 17.05% | 0.48x | 0.00x | AU$861.30 Million |
| 2020 | 6.23% | 17.05% | 0.22x | 1.66x | AU$-448.20 Million |
| 2021 | 0.94% | 2.08% | 0.26x | 1.72x | AU$-1.06 Billion |
| 2021 | 0.94% | 2.08% | 0.26x | 1.72x | AU$-1.06 Billion |
| 2022 | 4.31% | 9.47% | 0.27x | 1.71x | AU$-677.00 Million |
| 2022 | 4.31% | 9.47% | 0.27x | 1.71x | AU$-677.00 Million |
| 2023 | 0.42% | 0.89% | 0.28x | 1.69x | AU$-1.11 Billion |
| 2023 | 0.42% | 0.89% | 0.28x | 1.69x | AU$-1.11 Billion |
| 2024 | -0.96% | -1.94% | 0.29x | 1.71x | AU$-1.22 Billion |
| 2024 | -0.96% | -1.94% | 0.29x | 1.71x | AU$-1.22 Billion |
| 2025 | 1.49% | 2.56% | 0.33x | 1.76x | AU$-738.10 Million |
Industry Comparison
This section compares TPG Telecom Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $84,726,403
- Average return on equity (ROE) among peers: -20.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TPG Telecom Ltd (TPG) | AU$8.53 Billion | -1.18% | 0.65x | $5.69 Billion |
| Pentanet Ltd (5GG) | $41.35 Million | -33.12% | 0.29x | $3.98 Million |
| Aussie Broadband Ltd (ABB) | $570.10 Million | 4.63% | 1.17x | $954.94 Million |
| Flexiroam Ltd (FRX) | $-80.75K | 0.00% | 0.00x | $21.46 Million |
| Field Solutions Holdings Ltd (FSG) | $41.45 Million | 3.20% | 0.49x | $12.04 Million |
| Hubify Ltd (HFY) | $5.34 Million | 49.17% | 0.72x | $3.29 Million |
| Hutchison Telecommunications (Australia) Ltd (HTA) | $125.96 Million | -50.38% | 1.09x | $297.71 Million |
| Norwood Systems Ltd (NOR) | $4.39 Million | -133.99% | 0.07x | $6.98 Million |
| Superloop Ltd (SLC) | $53.77 Million | -1.90% | 0.05x | $1.03 Billion |
| Spacetalk Ltd (SPA) | $-4.26 Million | 0.00% | 0.00x | $5.56 Million |
| Spirit Technology Solutions Ltd (ST1) | $9.24 Million | -40.75% | 0.07x | $74.68 Million |
About TPG Telecom Ltd
TPG Telecom Limited provides telecommunications services to consumer, business, enterprise, and government and wholesale customers in Australia. It also sells mobile handsets, mobile accessory, and fixed modem devices. In addition, the company owns and operates the Vodafone mobile network products. It serves residential and small office/home office customers. It serves its services under the Voda… Read more