IRIS Corporation Bhd (0010) - Net Assets

Latest as of March 2026: RM377.76 Million MYR ≈ $94.84 Million USD

Based on the latest financial reports, IRIS Corporation Bhd (0010) has net assets worth RM377.76 Million MYR (≈ $94.84 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM592.08 Million ≈ $148.65 Million USD) and total liabilities (RM214.32 Million ≈ $53.81 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 0010 tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM377.76 Million
% of Total Assets	63.8%
Annual Growth Rate	2.65%
5-Year Change	16.77%
10-Year Change	47.28%
Growth Volatility	23.35

IRIS Corporation Bhd - Net Assets Trend (2006–2025)

This chart illustrates how IRIS Corporation Bhd's net assets have evolved over time, based on quarterly financial data. See IRIS Corporation Bhd defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for IRIS Corporation Bhd (2006–2025)

The table below shows the annual net assets of IRIS Corporation Bhd from 2006 to 2025. For live valuation and market cap data, see market cap of IRIS Corporation Bhd.

Year	Net Assets	Change
2025-12-31	RM377.76 Million ≈ $94.84 Million	-2.03%
2024-12-31	RM385.59 Million ≈ $96.81 Million	+2.13%
2023-12-31	RM377.55 Million ≈ $94.79 Million	+9.35%
2022-12-31	RM345.28 Million ≈ $86.69 Million	+6.73%
2021-12-31	RM323.50 Million ≈ $81.22 Million	+9.65%
2020-12-31	RM295.03 Million ≈ $74.07 Million	+11.20%
2019-12-31	RM265.31 Million ≈ $66.61 Million	+6.13%
2018-12-31	RM249.98 Million ≈ $62.76 Million	+63.00%
2017-12-31	RM153.37 Million ≈ $38.51 Million	-40.21%
2016-12-31	RM256.50 Million ≈ $64.40 Million	-52.31%
2015-12-31	RM537.84 Million ≈ $135.03 Million	-5.08%
2014-12-31	RM566.62 Million ≈ $142.26 Million	-6.67%
2013-12-31	RM607.12 Million ≈ $152.43 Million	+32.79%
2012-12-31	RM457.20 Million ≈ $114.79 Million	+13.82%
2011-12-31	RM401.68 Million ≈ $100.85 Million	+13.07%
2010-12-31	RM355.24 Million ≈ $89.19 Million	+12.37%
2009-12-31	RM316.13 Million ≈ $79.37 Million	+4.85%
2008-12-31	RM301.51 Million ≈ $75.70 Million	+6.54%
2007-12-31	RM283.01 Million ≈ $71.06 Million	+23.09%
2006-12-31	RM229.93 Million ≈ $57.73 Million	--

Equity Component Analysis

This analysis shows how different components contribute to IRIS Corporation Bhd'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 4166500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	RM393.51 Million	103.69%
Other Comprehensive Income	RM-152.00K	-0.04%
Other Components	RM27.81 Million	7.33%
Total Equity	RM379.50 Million	100.00%

IRIS Corporation Bhd Competitors by Market Cap

The table below lists competitors of IRIS Corporation Bhd ranked by their market capitalization.

Company	Market Cap
Space Com TA:SCC	$48.14 Million
Agile Content SA MC:AGIL	$48.14 Million
Natura City Developments Tbk PT JK:CITY	$48.14 Million
Strategic Investments A/S CO:STRINV	$48.17 Million
UNITEKNO Co.Ltd KQ:241690	$48.09 Million
Shalimar Paints Limited NSE:SHALPAINTS	$48.09 Million
Ascent Solar Technologies, Inc. Common Stock NASDAQ:ASTI	$48.07 Million
Camus Engineering & Construction Inc KO:013700	$48.06 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in IRIS Corporation Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 387,299,000 to 379,501,000, a change of -7,798,000 (-2.0%).
Net loss of 3,618,000 reduced equity.
Dividend payments of 4,078,999 reduced retained earnings.
Other comprehensive income decreased equity by 28,891,000.
Other factors increased equity by 28,789,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-3.62 Million	-0.95%
Dividends Paid	RM4.08 Million	-1.07%
Other Comprehensive Income	RM-28.89 Million	-7.61%
Other Changes	RM28.79 Million	+7.59%
Total Change	RM-	-2.01%

Book Value vs Market Value Analysis

This analysis compares IRIS Corporation Bhd'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: 0.51x
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 1.26x to 0.51x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	RM0.19	RM0.24	x
2007-12-31	RM0.20	RM0.24	x
2008-12-31	RM0.20	RM0.24	x
2009-12-31	RM0.22	RM0.24	x
2010-12-31	RM0.24	RM0.24	x
2011-12-31	RM0.26	RM0.24	x
2012-12-31	RM0.26	RM0.24	x
2013-12-31	RM0.29	RM0.24	x
2014-12-31	RM0.27	RM0.24	x
2015-12-31	RM0.26	RM0.24	x
2016-12-31	RM0.13	RM0.24	x
2017-12-31	RM0.08	RM0.24	x
2018-12-31	RM0.10	RM0.24	x
2019-12-31	RM0.10	RM0.24	x
2020-12-31	RM0.10	RM0.24	x
2021-12-31	RM0.10	RM0.24	x
2022-12-31	RM0.43	RM0.24	x
2023-12-31	RM0.47	RM0.24	x
2024-12-31	RM0.47	RM0.24	x
2025-12-31	RM0.47	RM0.24	x

Capital Efficiency Dashboard

This dashboard shows how efficiently IRIS Corporation Bhd 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): -0.95%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2.16%
• Asset Turnover: 0.28x
• Equity Multiplier: 1.56x
Recent ROE (-0.95%) is above the historical average (-4.20%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	2.07%	2.03%	0.43x	2.36x	RM-18.22 Million
2007	2.82%	3.43%	0.40x	2.03x	RM-19.19 Million
2008	3.84%	3.74%	0.49x	2.10x	RM-17.15 Million
2009	5.05%	4.70%	0.59x	1.81x	RM-15.26 Million
2010	8.09%	7.66%	0.53x	2.00x	RM-6.62 Million
2011	10.84%	9.02%	0.62x	1.95x	RM3.39 Million
2012	5.06%	3.92%	0.49x	2.62x	RM-20.55 Million
2013	4.23%	4.06%	0.44x	2.37x	RM-31.73 Million
2014	-3.82%	-3.70%	0.43x	2.42x	RM-75.58 Million
2015	1.10%	1.27%	0.44x	1.96x	RM-48.95 Million
2016	-101.38%	-66.75%	0.57x	2.66x	RM-320.96 Million
2017	-60.51%	-35.04%	0.61x	2.84x	RM-136.65 Million
2018	14.04%	16.69%	0.44x	1.89x	RM11.00 Million
2019	4.79%	5.97%	0.47x	1.71x	RM-14.90 Million
2020	-3.47%	-10.34%	0.23x	1.47x	RM-42.80 Million
2021	1.05%	1.62%	0.41x	1.56x	RM-29.12 Million
2022	6.31%	6.28%	0.66x	1.52x	RM-12.81 Million
2023	8.50%	8.69%	0.58x	1.67x	RM-5.69 Million
2024	8.33%	8.69%	0.62x	1.56x	RM-6.48 Million
2025	-0.95%	-2.16%	0.28x	1.56x	RM-41.57 Million

Industry Comparison

This section compares IRIS Corporation Bhd's net assets metrics with peer companies in the Business Equipment & Supplies industry.

Industry Context

Industry: Business Equipment & Supplies
Average net assets among peers: $725,026,000
Average return on equity (ROE) among peers: -5.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
IRIS Corporation Bhd (0010)	RM377.76 Million	2.07%	0.57x	$48.13 Million
Asia File Corporation Bhd (7129)	$725.03 Million	-5.97%	0.07x	$61.33 Million

About IRIS Corporation Bhd

KLSE:0010 Malaysia Business Equipment & Supplies

Market Cap

$48.13 Million

RM191.70 Million MYR

Market Cap Rank

#22131 Global

#492 in Malaysia

Share Price

RM0.24

Change (1 day)

+0.00%

52-Week Range

RM0.17 - RM0.30

All Time High

RM1.76