Vulcan Energy Resources Limited (VUL) - Net Assets
Based on the latest financial reports, Vulcan Energy Resources Limited (VUL) has net assets worth AU$857.25 Million AUD (≈ $606.56 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$957.35 Million ≈ $677.39 Million USD) and total liabilities (AU$100.10 Million ≈ $70.83 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 Vulcan Energy Resources Limited strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$857.25 Million |
| % of Total Assets | 89.54% |
| Annual Growth Rate | 92.93% |
| 5-Year Change | 219.53% |
| 10-Year Change | 246.61% |
| Growth Volatility | 2533.11 |
Vulcan Energy Resources Limited - Net Assets Trend (2017–2025)
This chart illustrates how Vulcan Energy Resources Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see VUL market cap.
Annual Net Assets for Vulcan Energy Resources Limited (2017–2025)
The table below shows the annual net assets of Vulcan Energy Resources Limited from 2017 to 2025. Also explore Vulcan Energy Resources Limited annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$857.25 Million ≈ $606.56 Million |
+143.85% |
| 2025-06-30 | AU$351.55 Million ≈ $248.75 Million |
0.00% |
| 2024-12-31 | AU$351.55 Million ≈ $248.75 Million |
+31.04% |
| 2024-06-30 | AU$268.28 Million ≈ $189.83 Million |
0.00% |
| 2023-12-31 | AU$268.28 Million ≈ $189.83 Million |
-26.89% |
| 2023-06-30 | AU$366.94 Million ≈ $259.63 Million |
0.00% |
| 2022-12-31 | AU$366.94 Million ≈ $259.63 Million |
+350.59% |
| 2022-06-30 | AU$81.44 Million ≈ $57.62 Million |
0.00% |
| 2021-12-31 | AU$81.44 Million ≈ $57.62 Million |
-67.07% |
| 2021-06-30 | AU$247.32 Million ≈ $175.00 Million |
0.00% |
| 2020-12-31 | AU$247.32 Million ≈ $175.00 Million |
+10485.69% |
| 2020-06-30 | AU$2.34 Million ≈ $1.65 Million |
0.00% |
| 2019-12-31 | AU$2.34 Million ≈ $1.65 Million |
+62.17% |
| 2019-06-30 | AU$1.44 Million ≈ $1.02 Million |
0.00% |
| 2018-12-31 | AU$1.44 Million ≈ $1.02 Million |
-67.74% |
| 2018-06-30 | AU$4.47 Million ≈ $3.16 Million |
0.00% |
| 2017-12-31 | AU$4.47 Million ≈ $3.16 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Vulcan Energy Resources Limited'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 18055175800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$1.02 Billion | 119.50% |
| Other Comprehensive Income | AU$13.71 Million | 1.60% |
| Total Equity | AU$857.25 Million | 100.00% |
Vulcan Energy Resources Limited Competitors by Market Cap
The table below lists competitors of Vulcan Energy Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tai-Tech Advanced Electronics Co Ltd
TWO:3357
|
$662.22 Million |
|
Shandong Fengyuan Chemical Co Ltd
SHE:002805
|
$662.27 Million |
|
Zhejiang Langdi Group Co Ltd
SHG:603726
|
$662.32 Million |
|
Aubay Société Anonyme
PA:AUB
|
$662.40 Million |
|
Enghouse Systems Ltd
TO:ENGH
|
$661.80 Million |
|
Shore Bancshares Inc
NASDAQ:SHBI
|
$661.52 Million |
|
Hunan Fangsheng Pharm Co Ltd
SHG:603998
|
$661.15 Million |
|
Mutares SE & Co. KGaA
XETRA:MUX
|
$660.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vulcan Energy Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2025, total equity changed from 351,533,000 to 857,251,331, a change of 505,718,331 (143.9%).
- Net loss of 69,166,969 reduced equity.
- Share repurchases of 14,825,000 reduced equity.
- New share issuances of 586,187,000 increased equity.
- Other comprehensive income increased equity by 4,625,882.
Equity Change Factors (2025 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-69.17 Million | -8.07% |
| Share Repurchases | AU$14.82 Million | -1.73% |
| Share Issuances | AU$586.19 Million | +68.38% |
| Other Comprehensive Income | AU$4.63 Million | +0.54% |
| Other Changes | AU$-1.10 Million | -0.13% |
| Total Change | AU$- | 143.86% |
Book Value vs Market Value Analysis
This analysis compares Vulcan Energy Resources Limited'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: 0.54x
- 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 65.47x to 0.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | AU$0.03 | AU$1.96 | x |
| 2018-06-30 | AU$0.03 | AU$1.96 | x |
| 2018-12-31 | AU$0.01 | AU$1.96 | x |
| 2019-06-30 | AU$0.01 | AU$1.96 | x |
| 2019-12-31 | AU$0.02 | AU$1.96 | x |
| 2020-06-30 | AU$0.02 | AU$1.96 | x |
| 2020-12-31 | AU$1.65 | AU$1.96 | x |
| 2021-06-30 | AU$1.65 | AU$1.96 | x |
| 2021-12-31 | AU$1.65 | AU$1.96 | x |
| 2022-06-30 | AU$1.65 | AU$1.96 | x |
| 2022-12-31 | AU$2.45 | AU$1.96 | x |
| 2023-06-30 | AU$2.45 | AU$1.96 | x |
| 2023-12-31 | AU$1.68 | AU$1.96 | x |
| 2024-06-30 | AU$1.68 | AU$1.96 | x |
| 2024-12-31 | AU$1.93 | AU$1.96 | x |
| 2025-06-30 | AU$1.93 | AU$1.96 | x |
| 2025-12-31 | AU$3.64 | AU$1.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vulcan Energy Resources Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -8.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -946.60%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.12x
- Recent ROE (-8.07%) is above the historical average (-17.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -6.28% | 0.00% | 0.00x | 1.01x | AU$-727.23K |
| 2018 | -6.28% | -6714.09% | 0.00x | 1.01x | AU$-727.23K |
| 2018 | -35.85% | 0.00% | 0.00x | 1.03x | AU$-660.61K |
| 2019 | -33.50% | -861.01% | 0.04x | 1.03x | AU$-626.76K |
| 2019 | -64.97% | 0.00% | 0.00x | 0.72x | AU$-2.52 Million |
| 2020 | -63.81% | -2247.99% | 0.04x | 0.72x | AU$-2.48 Million |
| 2020 | -7.62% | 0.00% | 0.00x | 1.06x | AU$-43.58 Million |
| 2021 | -7.62% | -251.51% | 0.03x | 1.06x | AU$-43.58 Million |
| 2021 | -5.01% | -326.09% | 0.05x | 0.34x | AU$-37.12 Million |
| 2022 | -5.01% | -496.21% | 0.03x | 0.34x | AU$-37.12 Million |
| 2022 | -7.09% | -685.02% | 0.01x | 1.07x | AU$-62.72 Million |
| 2023 | -7.09% | -215.16% | 0.03x | 1.07x | AU$-62.72 Million |
| 2023 | -10.05% | -222.93% | 0.04x | 1.11x | AU$-53.79 Million |
| 2024 | -10.05% | -397.51% | 0.02x | 1.11x | AU$-53.79 Million |
| 2024 | -12.05% | -204.84% | 0.05x | 1.08x | AU$-77.51 Million |
| 2025 | -12.05% | -204.84% | 0.05x | 1.08x | AU$-77.51 Million |
| 2025 | -8.07% | -946.60% | 0.01x | 1.12x | AU$-154.89 Million |
Industry Comparison
This section compares Vulcan Energy Resources Limited'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: $12,413,704
- Average return on equity (ROE) among peers: -27.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vulcan Energy Resources Limited (VUL) | AU$857.25 Million | -6.28% | 0.12x | $662.13 Million |
| Morella Corporation Ltd (1MC) | $21.79 Million | -9.89% | 0.17x | $7.79 Million |
| Amaero Ltd (3DA) | $-292.72K | 0.00% | 0.00x | $117.95 Million |
| 6K Additive Inc (6KA) | $62.92 Million | -28.47% | 0.10x | $123.16 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $161.63 Million |
| African Gold Ltd (A1G) | $3.82 Million | -35.85% | 0.08x | $419.02 Million |
| Albright Metals Ltd (ABR) | $11.97 Million | -13.72% | 0.04x | $3.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $13.19 Million |
| Accent Resources NL (ACS) | $4.52 Million | -8.16% | 0.05x | $22.03 Million |
| Acdc Metals Ltd (ADC) | $11.27 Million | -1.92% | 0.01x | $4.25 Million |
| Andromeda Metals Ltd (ADN) | $5.23 Million | -9.55% | 0.02x | $22.90 Million |
About Vulcan Energy Resources Limited
Vulcan Energy Resources Limited engages in the geothermal energy, and lithium exploration and production activities in Europe, Germany, and Australia. The company is involved in exploration and development of battery materials and geothermal lithium; and provision of engineering services. It holds interests in the Phase One Lionheart Project. The company was formerly known as Koppar Resources Lim… Read more