Wam Active Ltd (WAA) - Net Assets

Latest as of December 2025: AU$80.29 Million AUD ≈ $56.81 Million USD

Based on the latest financial reports, Wam Active Ltd (WAA) has net assets worth AU$80.29 Million AUD (≈ $56.81 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$90.49 Million ≈ $64.03 Million USD) and total liabilities (AU$10.20 Million ≈ $7.22 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 WAA asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$80.29 Million
% of Total Assets	88.72%
Annual Growth Rate	9.46%
5-Year Change	-6.98%
10-Year Change	94.75%
Growth Volatility	21.86

Wam Active Ltd - Net Assets Trend (2008–2025)

This chart illustrates how Wam Active Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Wam Active Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Wam Active Ltd (2008–2025)

The table below shows the annual net assets of Wam Active Ltd from 2008 to 2025. For live valuation and market cap data, see market value of Wam Active Ltd.

Year	Net Assets	Change
2025-06-30	AU$71.19 Million ≈ $50.37 Million	+5.28%
2024-06-30	AU$67.62 Million ≈ $47.85 Million	+7.05%
2023-06-30	AU$63.17 Million ≈ $44.70 Million	+3.23%
2022-06-30	AU$61.20 Million ≈ $43.30 Million	-20.04%
2021-06-30	AU$76.54 Million ≈ $54.15 Million	+69.22%
2020-06-30	AU$45.23 Million ≈ $32.00 Million	-6.44%
2019-06-30	AU$48.34 Million ≈ $34.21 Million	+7.19%
2018-06-30	AU$45.10 Million ≈ $31.91 Million	+10.49%
2017-06-30	AU$40.82 Million ≈ $28.88 Million	+11.66%
2016-06-30	AU$36.56 Million ≈ $25.87 Million	+5.22%
2015-06-30	AU$34.74 Million ≈ $24.58 Million	-4.63%
2014-06-30	AU$36.43 Million ≈ $25.78 Million	+31.64%
2013-06-30	AU$27.67 Million ≈ $19.58 Million	+59.03%
2012-06-30	AU$17.40 Million ≈ $12.31 Million	-4.02%
2011-06-30	AU$18.13 Million ≈ $12.83 Million	+3.49%
2010-06-30	AU$17.52 Million ≈ $12.40 Million	+9.72%
2009-06-30	AU$15.97 Million ≈ $11.30 Million	+4.18%
2008-06-30	AU$15.33 Million ≈ $10.84 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wam Active 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 872138800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Common Stock	AU$79.91 Million	112.25%
Total Equity	AU$71.19 Million	100.00%

Wam Active Ltd Competitors by Market Cap

The table below lists competitors of Wam Active Ltd ranked by their market capitalization.

Company	Market Cap
Faraday Future Intelligent Electric Inc NASDAQ:FFIE	$105.77 Million
Bank Victoria International JK:BVIC	$105.78 Million
TOPTEC Co. Ltd KQ:108230	$105.83 Million
Vanachai Group Public Company Limited BK:VNG	$106.01 Million
Donegal Group B Inc NASDAQ:DGICB	$105.68 Million
Arq Inc NASDAQ:ARQ	$105.60 Million
MegaStudy Co. Ltd KQ:072870	$105.59 Million
Dyaco International Inc TW:1598	$105.58 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 67,622,842 to 71,193,564, a change of 3,570,722 (5.3%).
Net income of 7,416,376 contributed positively to equity growth.
Dividend payments of 3,845,654 reduced retained earnings.
Other comprehensive income decreased equity by 8,995,378.
Other factors increased equity by 8,995,378.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$7.42 Million	+10.42%
Dividends Paid	AU$3.85 Million	-5.4%
Other Comprehensive Income	AU$-9.00 Million	-12.64%
Other Changes	AU$9.00 Million	+12.64%
Total Change	AU$-	5.28%

Book Value vs Market Value Analysis

This analysis compares Wam Active 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: 1.08x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-06-30	AU$0.97	AU$1.01	x
2008-06-30	AU$0.97	AU$1.01	x
2009-06-30	AU$1.02	AU$1.01	x
2010-06-30	AU$1.13	AU$1.01	x
2011-06-30	AU$1.13	AU$1.01	x
2012-06-30	AU$1.08	AU$1.01	x
2013-06-30	AU$1.33	AU$1.01	x
2014-06-30	AU$1.12	AU$1.01	x
2015-06-30	AU$1.00	AU$1.01	x
2016-06-30	AU$1.05	AU$1.01	x
2017-06-30	AU$1.13	AU$1.01	x
2018-06-30	AU$1.12	AU$1.01	x
2019-06-30	AU$1.07	AU$1.01	x
2020-06-30	AU$0.97	AU$1.01	x
2021-06-30	AU$1.43	AU$1.01	x
2022-06-30	AU$0.83	AU$1.01	x
2023-06-30	AU$0.85	AU$1.01	x
2024-06-30	AU$0.89	AU$1.01	x
2025-06-30	AU$0.93	AU$1.01	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wam Active 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): 10.42%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 44.52%
• Asset Turnover: 0.20x
• Equity Multiplier: 1.20x
Recent ROE (10.42%) is above the historical average (4.65%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	0.60%	31.63%	0.02x	1.05x	AU$-1.44 Million
2009	4.02%	49.95%	0.07x	1.09x	AU$-955.57K
2010	12.11%	36.94%	0.29x	1.13x	AU$369.48K
2011	6.65%	80.92%	0.08x	1.06x	AU$-607.69K
2012	2.27%	25.02%	0.08x	1.12x	AU$-1.35 Million
2013	5.42%	57.60%	0.09x	1.04x	AU$-1.27 Million
2014	8.70%	54.97%	0.14x	1.10x	AU$-471.91K
2015	2.58%	48.84%	0.05x	1.05x	AU$-2.58 Million
2016	8.59%	61.37%	0.13x	1.09x	AU$-516.22K
2017	5.06%	51.77%	0.09x	1.13x	AU$-2.02 Million
2018	7.57%	62.32%	0.11x	1.09x	AU$-1.09 Million
2019	1.39%	48.53%	0.03x	1.05x	AU$-4.16 Million
2020	-1.70%	-25402.88%	0.00x	1.06x	AU$-5.29 Million
2021	8.19%	51.79%	0.15x	1.08x	AU$-1.38 Million
2022	-19.54%	0.00%	-0.25x	1.04x	AU$-18.08 Million
2023	9.11%	62.11%	0.14x	1.03x	AU$-562.55K
2024	12.27%	60.41%	0.19x	1.06x	AU$1.54 Million
2025	10.42%	44.52%	0.20x	1.20x	AU$297.02K

Industry Comparison

This section compares Wam Active Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $1,108,693,805
Average return on equity (ROE) among peers: 4.64%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wam Active Ltd (WAA)	AU$80.29 Million	0.60%	0.13x	$105.70 Million
Acorn Capital Investment Fund Ltd (ACQ)	$46.77 Million	-6.32%	0.02x	$59.96 Million
Australian Ethical Investment Ltd (AEF)	$15.31 Million	33.19%	0.51x	$318.95 Million
Australian Foundation Investment Company Ltd (AFI)	$5.45 Billion	5.39%	0.22x	$5.77 Billion
Alternative Investment Trust (AIQ)	$281.69 Million	15.05%	0.96x	$33.69 Million
Argo Global Listed Infrastructure Ltd (ALI)	$351.16 Million	5.35%	0.03x	$308.70 Million
Amcil Ltd (AMH)	$134.47 Million	6.91%	0.06x	$199.13 Million
Associate Global Partners Ltd (APL)	$7.72 Million	-10.33%	0.65x	$11.51 Million
Ariadne Australia Ltd (ARA)	$83.52 Million	9.98%	1.01x	$66.00 Million
ARC Funds Ltd (ARC)	$3.33 Million	-17.35%	0.04x	$3.65 Million
Argo Investments Ltd (ARG)	$4.72 Billion	4.48%	0.14x	$4.72 Billion

About Wam Active Ltd

AU:WAA Australia Asset Management

Market Cap

$105.70 Million

AU$149.39 Million AUD

Market Cap Rank

#19099 Global

#614 in Australia

Share Price

AU$1.01

Change (1 day)

+0.00%

52-Week Range

AU$0.80 - AU$1.10

All Time High

AU$1.10