Gabungan AQRS Bhd (5226) - Net Assets

Latest as of December 2025: RM505.80 Million MYR ≈ $126.99 Million USD

Based on the latest financial reports, Gabungan AQRS Bhd (5226) has net assets worth RM505.80 Million MYR (≈ $126.99 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 (RM1.39 Billion ≈ $348.57 Million USD) and total liabilities (RM882.57 Million ≈ $221.58 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 Gabungan AQRS Bhd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM505.80 Million
% of Total Assets	36.43%
Annual Growth Rate	10.58%
5-Year Change	4.69%
10-Year Change	44.26%
Growth Volatility	21.67

Gabungan AQRS Bhd - Net Assets Trend (2011–2025)

This chart illustrates how Gabungan AQRS Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Gabungan AQRS Bhd assets under control for the complete picture of this company's asset base.

Annual Net Assets for Gabungan AQRS Bhd (2011–2025)

The table below shows the annual net assets of Gabungan AQRS Bhd from 2011 to 2025. For live valuation and market cap data, see 5226 market cap.

Year	Net Assets	Change
2025-12-31	RM505.80 Million ≈ $126.99 Million	+0.14%
2024-12-31	RM505.11 Million ≈ $126.82 Million	-2.88%
2023-12-31	RM520.07 Million ≈ $130.57 Million	+3.69%
2022-12-31	RM501.57 Million ≈ $125.93 Million	+3.81%
2021-12-31	RM483.16 Million ≈ $121.30 Million	+5.89%
2020-12-31	RM456.27 Million ≈ $114.55 Million	-11.45%
2019-12-31	RM515.26 Million ≈ $129.36 Million	+7.92%
2018-12-31	RM477.45 Million ≈ $119.87 Million	+0.48%
2017-12-31	RM475.15 Million ≈ $119.29 Million	+35.52%
2016-12-31	RM350.62 Million ≈ $88.03 Million	+8.74%
2015-12-31	RM322.43 Million ≈ $80.95 Million	-5.40%
2014-12-31	RM340.85 Million ≈ $85.58 Million	+30.02%
2013-12-31	RM262.15 Million ≈ $65.82 Million	+20.50%
2012-12-31	RM217.56 Million ≈ $54.62 Million	+75.86%
2011-12-31	RM123.71 Million ≈ $31.06 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Gabungan AQRS 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 grown by 207.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM150.17 Million	29.77%
Common Stock	RM355.61 Million	70.51%
Total Equity	RM504.35 Million	100.00%

Gabungan AQRS Bhd Competitors by Market Cap

The table below lists competitors of Gabungan AQRS Bhd ranked by their market capitalization.

Company	Market Cap
Klaria Pharma Holding AB ST:KLAR	$22.50 Million
Desert Mountain Energy Corp V:DME	$22.51 Million
Glostrext Berhad KLSE:0284	$22.51 Million
Amanah Leasing Public Company Limited BK:AMANAH	$22.51 Million
Quest Resource Holding Corp NASDAQ:QRHC	$22.48 Million
BoomBit S.A WAR:BBT	$22.48 Million
FibroBiologics, Inc. Common Stock NASDAQ:FBLG	$22.48 Million
YSX Tech. Co., Ltd Class A Ordinary Shares NASDAQ:YSXT	$22.48 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 503,621,000 to 504,354,000, a change of 733,000 (0.1%).
Net loss of 4,994,000 reduced equity.
Other factors increased equity by 5,727,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-4.99 Million	-0.99%
Other Changes	RM5.73 Million	+1.14%
Total Change	RM-	0.15%

Book Value vs Market Value Analysis

This analysis compares Gabungan AQRS 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: 0.18x
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 0.49x to 0.18x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	RM0.33	RM0.17	x
2012-12-31	RM0.65	RM0.17	x
2013-12-31	RM0.68	RM0.17	x
2014-12-31	RM0.84	RM0.17	x
2015-12-31	RM0.81	RM0.17	x
2016-12-31	RM0.86	RM0.17	x
2017-12-31	RM0.84	RM0.17	x
2018-12-31	RM0.79	RM0.17	x
2019-12-31	RM0.84	RM0.17	x
2020-12-31	RM0.91	RM0.17	x
2021-12-31	RM0.74	RM0.17	x
2022-12-31	RM0.75	RM0.17	x
2023-12-31	RM0.96	RM0.17	x
2024-12-31	RM0.93	RM0.17	x
2025-12-31	RM0.93	RM0.17	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gabungan AQRS 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): -0.99%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2.24%
• Asset Turnover: 0.16x
• Equity Multiplier: 2.75x
Recent ROE (-0.99%) is below the historical average (7.43%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	40.72%	21.03%	0.58x	3.34x	RM37.56 Million
2012	10.03%	6.76%	0.66x	2.26x	RM72.10K
2013	17.05%	10.54%	0.61x	2.64x	RM17.72 Million
2014	15.90%	9.91%	0.64x	2.51x	RM19.64 Million
2015	-3.01%	-3.55%	0.28x	3.02x	RM-41.79 Million
2016	6.58%	6.86%	0.34x	2.84x	RM-11.74 Million
2017	10.29%	10.23%	0.42x	2.42x	RM1.37 Million
2018	12.97%	10.46%	0.41x	3.00x	RM14.03 Million
2019	7.13%	8.77%	0.28x	2.91x	RM-14.61 Million
2020	-11.97%	-26.61%	0.15x	2.98x	RM-98.78 Million
2021	3.28%	4.76%	0.24x	2.91x	RM-32.34 Million
2022	4.05%	5.99%	0.25x	2.73x	RM-29.75 Million
2023	2.41%	4.39%	0.23x	2.41x	RM-39.36 Million
2024	-2.95%	-6.02%	0.18x	2.74x	RM-65.23 Million
2025	-0.99%	-2.24%	0.16x	2.75x	RM-55.43 Million

Industry Comparison

This section compares Gabungan AQRS Bhd's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $101,046,365
Average return on equity (ROE) among peers: 7.46%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gabungan AQRS Bhd (5226)	RM505.80 Million	40.72%	1.74x	$22.48 Million
Southern Score Builders Berhad (0045)	$148.98 Million	16.99%	0.33x	$313.81 Million
Ecobuilt Holdings Bhd (0059)	$66.08 Million	12.86%	0.15x	$4.23 Million
Mega Sun City Holdings Bhd (0081)	$52.47 Million	-28.16%	0.02x	$3.72 Million
Waja Konsortium Bhd (0102)	$33.07 Million	-28.61%	0.43x	$11.20 Million
Kelington Group Bhd (0151)	$66.99 Million	13.23%	1.98x	$1.38 Billion
Widad Group Bhd (0162)	$357.92 Million	19.78%	1.42x	$7.84 Million
Pasukhas Group Bhd (0177)	$136.35 Million	-12.43%	0.39x	$3.59 Million
HSS Engineers Bhd (0185)	$78.71 Million	17.81%	0.59x	$54.89 Million
Cabnet Holdings Bhd (0191)	$14.34 Million	40.24%	1.06x	$11.22 Million
Inta Bina Group Bhd (0192)	$55.55 Million	22.91%	2.88x	$58.65 Million

About Gabungan AQRS Bhd

KLSE:5226 Malaysia Engineering & Construction

Market Cap

$22.48 Million

RM89.56 Million MYR

Market Cap Rank

#24757 Global

#664 in Malaysia

Share Price

RM0.17

Change (1 day)

-2.94%

52-Week Range

RM0.14 - RM0.22

All Time High

RM1.95