PLINTAS Net Assets

Latest as of December 2025: RM601.44 Million MYR ≈ $151.00 Million USD

PLINTAS net assets. Based on the latest financial reports, PLINTAS (5320) has net assets worth RM601.44 Million MYR (≈ $151.00 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 (RM3.63 Billion ≈ $910.57 Million USD) and total liabilities (RM3.03 Billion ≈ $759.56 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. Also explore PLINTAS annual equity growth to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM601.44 Million
% of Total Assets	16.58%
Annual Growth Rate	29.16%
5-Year Change	114.55%
10-Year Change	N/A
Growth Volatility	68.78

Net Assets of PLINTAS (2020–2025)

Net assets of PLINTAS from 2020 to 2025. This chart illustrates how PLINTAS's net assets have evolved over time, based on quarterly financial data. See PLINTAS balance sheet quality to measure how much of total assets are equity-financed.

Annual Net Assets for PLINTAS (2020–2025)

The table below shows the annual net assets of PLINTAS from 2020 to 2025. For live market cap and overall valuation, see 5320 market cap.

Year	Net Assets	Change
2025-12-31	RM601.44 Million ≈ $151.00 Million	-6.40%
2024-12-31	RM642.55 Million ≈ $161.32 Million	-1.29%
2023-12-31	RM650.96 Million ≈ $163.43 Million	+167.48%
2022-12-31	RM243.36 Million ≈ $61.10 Million	-13.18%
2021-12-31	RM280.32 Million ≈ $70.38 Million	+67.50%
2020-12-31	RM167.36 Million ≈ $42.02 Million	--

Equity Component Analysis

This analysis shows how different components contribute to PLINTAS'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 28294186600.0% over the analyzed period, indicating profitable operations and earnings retention.

PLINTAS Net Assets Breakdown (December 2025)

PLINTAS net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Other Components	RM831.28 Million	138.22%
Total Equity	RM601.44 Million	100.00%

PLINTAS Competitors by Market Cap

The table below lists competitors of PLINTAS ranked by their market capitalization.

Company	Market Cap
Beijing New Universal Science and Technology Co Ltd SHE:300472	$241.67 Million
Froch Enterprise Co Ltd TW:2030	$241.71 Million
Capital A Berhad KLSE:5099	$241.74 Million
Immuneering Corp NASDAQ:IMRX	$241.81 Million
Inflection Point Acquisition Corp. VII NASDAQ:IPXG	$241.62 Million
Nusantara Infrastructure Tbk JK:META	$241.62 Million
VT GMP Co.Ltd KQ:018290	$241.49 Million
Langfang Development Co Ltd SHG:600149	$241.43 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 642,548,127 to 601,437,987, a change of -41,110,140 (-6.4%).
Net income of 28,850,034 contributed positively to equity growth.
Dividend payments of 69,960,175 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM28.85 Million	+4.8%
Dividends Paid	RM69.96 Million	-11.63%
Other Changes	RM1.00	+0.0%
Total Change	RM-	-6.40%

Book Value vs Market Value Analysis

This analysis compares PLINTAS'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: 1.60x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 4.93x to 1.60x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2020-12-31	RM0.18	RM0.88	x
2021-12-31	RM0.28	RM0.88	x
2022-12-31	RM0.25	RM0.88	x
2023-12-31	RM0.59	RM0.88	x
2024-12-31	RM0.58	RM0.88	x
2025-12-31	RM0.55	RM0.88	x

Capital Efficiency Dashboard

This dashboard shows how efficiently PLINTAS 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): 4.80%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.32%
• Asset Turnover: 0.10x
• Equity Multiplier: 6.03x
Recent ROE (4.80%) is below the historical average (7.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2020	5.08%	2.52%	0.12x	17.30x	RM-9.61 Million
2021	45.86%	39.00%	0.11x	10.90x	RM111.54 Million
2022	-4.08%	-2.94%	0.12x	11.85x	RM-38.92 Million
2023	-11.29%	-54.77%	0.04x	5.55x	RM-138.59 Million
2024	4.13%	8.26%	0.09x	5.70x	RM-37.69 Million
2025	4.80%	8.32%	0.10x	6.03x	RM-31.29 Million

Industry Comparison

This section compares PLINTAS's net assets metrics with peer companies in the Infrastructure Operations industry.

Industry Context

Industry: Infrastructure Operations
Average net assets among peers: $236,668,707
Average return on equity (ROE) among peers: 9.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PLINTAS (5320)	RM601.44 Million	5.08%	5.03x	$241.65 Million
Perak Transit Bhd (0186)	$73.34 Million	9.78%	1.80x	$51.16 Million
Protasco Bhd (5070)	$400.00 Million	9.25%	0.75x	$21.17 Million

About PLINTAS

KLSE:5320 Malaysia Infrastructure Operations

Market Cap

$241.65 Million

RM962.50 Million MYR

Market Cap Rank

#15597 Global

#191 in Malaysia

Share Price

RM0.88

Change (1 day)

+2.34%

52-Week Range

RM0.82 - RM0.99

All Time High

RM1.00