Winsome Resources Ltd
Winsome Resources Limited, together with its subsidiaries, engages in the exploration and development of lithium properties in Canada. Its flagship property is the 100% owned Adina Lithium project. The company was incorporated in 2021 and is based in West Perth, Australia.
Winsome Resources Ltd (WR1) - Net Assets
Latest net assets as of December 2025: AU$96.56 Million AUD
Based on the latest financial reports, Winsome Resources Ltd (WR1) has net assets worth AU$96.56 Million AUD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$115.23 Million) and total liabilities (AU$18.66 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$96.56 Million |
| % of Total Assets | 83.8% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 81.04 |
Winsome Resources Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Winsome Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Winsome Resources Ltd (2020–2024)
The table below shows the annual net assets of Winsome Resources Ltd from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$86.04 Million | -14.61% |
| 2023-12-31 | AU$100.76 Million | +45.98% |
| 2022-12-31 | AU$69.02 Million | +179.39% |
| 2021-12-31 | AU$24.70 Million | -- |
| 2020-12-31 | AU$0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Winsome 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 5061409100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$119.63 Million | 139.04% |
| Other Comprehensive Income | AU$17.02 Million | 19.78% |
| Total Equity | AU$86.04 Million | 100.00% |
Winsome Resources Ltd Competitors by Market Cap
The table below lists competitors of Winsome Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kyungdong City Gas Co Ltd
KO:267290
|
$43.05 Million |
|
BINHAI INVESTM.CO. HD-10
F:WS7A
|
$43.06 Million |
|
Méliuz S.A
SA:CASH3
|
$43.07 Million |
|
Energisa Mato Grosso - Distribuidora de Energia S/A
SA:ENMT3
|
$43.07 Million |
|
Sonadezi Long Thanh Shareholding Co
VN:SZL
|
$43.00 Million |
|
0A8L
LSE:0A8L
|
$42.99 Million |
|
IDEX Biometrics ASA
LSE:0MTP
|
$42.98 Million |
|
Shinsegae Food
KO:031440
|
$42.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Winsome Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 100,759,681 to 86,042,437, a change of -14,717,244 (-14.6%).
- Net loss of 30,419,809 reduced equity.
- Share repurchases of 519,090 reduced equity.
- New share issuances of 7,840,000 increased equity.
- Other comprehensive income increased equity by 5,083,504.
- Other factors increased equity by 3,298,151.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-30.42 Million | -35.35% |
| Share Repurchases | AU$519.09K | -0.6% |
| Share Issuances | AU$7.84 Million | +9.11% |
| Other Comprehensive Income | AU$5.08 Million | +5.91% |
| Other Changes | AU$3.30 Million | +3.83% |
| Total Change | AU$- | -14.61% |
Book Value vs Market Value Analysis
This analysis compares Winsome 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: 0.99x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | AU$0.00 | AU$0.38 | x |
| 2021-12-31 | AU$0.17 | AU$0.38 | x |
| 2022-12-31 | AU$0.45 | AU$0.38 | x |
| 2023-12-31 | AU$0.55 | AU$0.38 | x |
| 2024-12-31 | AU$0.38 | AU$0.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Winsome Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -35.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -354.55%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.25x
- Recent ROE (-35.35%) is below the historical average (-18.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -13.11% | -133815.99% | 0.00x | 1.02x | AU$-5.71 Million |
| 2022 | -21.99% | -305.15% | 0.06x | 1.20x | AU$-22.08 Million |
| 2023 | -4.84% | -75.54% | 0.05x | 1.30x | AU$-14.95 Million |
| 2024 | -35.35% | -354.55% | 0.08x | 1.25x | AU$-39.02 Million |
Industry Comparison
This section compares Winsome 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: $2,995,611
- Average return on equity (ROE) among peers: -21.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Winsome Resources Ltd (WR1) | AU$96.56 Million | -13.11% | 0.19x | $43.02 Million |
| EXULTANT FPO [10X] (10X) | $5.63 Million | -1.35% | 0.01x | $1.10K |
| Morella Corporation Ltd (1MC) | $5.43 Million | -6.71% | 0.57x | $2.93 Million |
| 6K Additive Inc (6KA) | $-21.36 Million | 0.00% | 0.00x | $24.91 Million |
| Atlantic Lithium Ltd (A11) | $789.39K | -143.95% | 0.47x | $71.83 Million |
| African Gold Ltd (A1G) | $6.42 Million | -11.14% | 0.01x | $170.41 Million |
| Albright Metals Ltd (ABR) | $5.61 Million | 0.47% | 0.11x | $1.11 Million |
| Audalia Resources Ltd (ACP) | $2.12 Million | -18.55% | 0.04x | $893.85K |
| Accent Resources NL (ACS) | $4.38 Million | -14.12% | 0.03x | $211.71K |
| Acdc Metals Ltd (ADC) | $10.13 Million | -6.86% | 0.04x | $1.02 Million |
| Admiralty Resources NL (ADY) | $10.81 Million | -14.31% | 1.16x | $5.70 Million |