Thriven Global Bhd (7889) - Net Assets

Latest as of March 2026: RM64.25 Million MYR ≈ $16.13 Million USD

Based on the latest financial reports, Thriven Global Bhd (7889) has net assets worth RM64.25 Million MYR (≈ $16.13 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 (RM157.45 Million ≈ $39.53 Million USD) and total liabilities (RM93.20 Million ≈ $23.40 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 7889 total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM64.25 Million
% of Total Assets	40.81%
Annual Growth Rate	-4.71%
5-Year Change	-60.95%
10-Year Change	-58.53%
Growth Volatility	14.57

Thriven Global Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Thriven Global Bhd's net assets have evolved over time, based on quarterly financial data. Check Thriven Global Bhd tangible equity quality to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Thriven Global Bhd (2012–2025)

The table below shows the annual net assets of Thriven Global Bhd from 2012 to 2025. For live valuation and market cap data, see market value of Thriven Global Bhd.

Year	Net Assets	Change
2025-12-31	RM64.63 Million ≈ $16.23 Million	-23.83%
2024-12-31	RM84.86 Million ≈ $21.30 Million	-23.34%
2023-12-31	RM110.70 Million ≈ $27.79 Million	-29.36%
2022-12-31	RM156.71 Million ≈ $39.34 Million	-5.32%
2021-12-31	RM165.51 Million ≈ $41.55 Million	-8.78%
2020-12-31	RM181.45 Million ≈ $45.56 Million	-10.21%
2019-12-31	RM202.08 Million ≈ $50.74 Million	+12.93%
2018-12-31	RM178.94 Million ≈ $44.93 Million	+12.12%
2017-12-31	RM159.59 Million ≈ $40.07 Million	+2.41%
2016-12-31	RM155.84 Million ≈ $39.13 Million	-3.80%
2015-12-31	RM162.00 Million ≈ $40.67 Million	+13.29%
2014-12-31	RM143.00 Million ≈ $35.90 Million	+2.88%
2013-12-31	RM139.00 Million ≈ $34.90 Million	+14.88%
2012-12-31	RM121.00 Million ≈ $30.38 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Thriven Global 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 76.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	RM5.05 Million	7.81%
Common Stock	RM59.59 Million	92.19%
Total Equity	RM64.63 Million	100.00%

Thriven Global Bhd Competitors by Market Cap

The table below lists competitors of Thriven Global Bhd ranked by their market capitalization.

Company	Market Cap
Malaysian Genomics Resource KLSE:0155	$10.99 Million
Alzinova AB ST:ALZ	$11.01 Million
Mitra Pemuda Tbk PT JK:MTRA	$11.01 Million
ISCC FINTECH SPA F:L7H	$11.01 Million
SRJ Technologies Group Plc AU:SRJ	$10.98 Million
NBT Inc. KQ:236810	$10.97 Million
Cofidur SA PA:ALCOF	$10.97 Million
Wooree Lighting Co.Ltd KQ:037400	$10.96 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 84,857,000 to 64,633,000, a change of -20,224,000 (-23.8%).
Net loss of 20,147,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM-20.15 Million	-31.17%
Other Changes	RM-77.00K	-0.12%
Total Change	RM-	-23.83%

Book Value vs Market Value Analysis

This analysis compares Thriven Global 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: 0.68x
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 increased from 0.26x to 0.68x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM0.31	RM0.08	x
2017-12-31	RM0.32	RM0.08	x
2018-12-31	RM0.36	RM0.08	x
2019-12-31	RM0.37	RM0.08	x
2020-12-31	RM0.33	RM0.08	x
2021-12-31	RM0.30	RM0.08	x
2022-12-31	RM0.29	RM0.08	x
2023-12-31	RM0.20	RM0.08	x
2024-12-31	RM0.16	RM0.08	x
2025-12-31	RM0.12	RM0.08	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Thriven Global 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): -31.17%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -102.14%
• Asset Turnover: 0.12x
• Equity Multiplier: 2.50x
Recent ROE (-31.17%) is below the historical average (-9.67%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	2.41%	7.02%	0.14x	2.41x	RM-12.60 Million
2016	-6.51%	-15.15%	0.17x	2.52x	RM-25.73 Million
2017	0.13%	0.16%	0.30x	2.56x	RM-15.76 Million
2018	11.40%	8.53%	0.62x	2.14x	RM2.50 Million
2019	8.38%	7.16%	0.56x	2.09x	RM-3.27 Million
2020	-4.99%	-6.16%	0.40x	2.04x	RM-27.20 Million
2021	-9.63%	-18.56%	0.23x	2.25x	RM-32.49 Million
2022	-4.41%	-8.52%	0.24x	2.14x	RM-22.58 Million
2023	-41.56%	-50.66%	0.35x	2.35x	RM-57.08 Million
2024	-30.45%	-78.47%	0.16x	2.36x	RM-34.32 Million
2025	-31.17%	-102.14%	0.12x	2.50x	RM-26.61 Million

Industry Comparison

This section compares Thriven Global Bhd's net assets metrics with peer companies in the Real Estate - Diversified industry.

Industry Context

Industry: Real Estate - Diversified
Average net assets among peers: $658,019,333
Average return on equity (ROE) among peers: 4.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Thriven Global Bhd (7889)	RM64.25 Million	2.41%	1.45x	$10.99 Million
Tanco Holdings Bhd (2429)	$172.05 Million	-7.50%	0.67x	$476.53 Million
Amalgamated Industrial Steel Berhad (2682)	$137.84 Million	-3.03%	0.05x	$8.87 Million
EcoFirst Consolidated Bhd (3557)	$144.00 Million	7.64%	2.06x	$105.03 Million
Asian Pac Holdings Bhd (4057)	$1.07 Billion	0.56%	0.97x	$44.86 Million
Glomac Bhd (5020)	$1.08 Billion	10.04%	0.82x	$62.63 Million
Ibraco Bhd (5084)	$452.17 Million	6.73%	0.75x	$148.06 Million
Ivory Properties Group Bhd (5175)	$401.00 Million	4.99%	1.28x	$615.21K
Tambun Indah Land Bhd (5191)	$262.00 Million	15.65%	0.69x	$83.27 Million
Eco World International Bhd (5283)	$2.69 Billion	6.94%	0.62x	$108.46 Million
Farlim Group (Malaysia) Bhd (6041)	$166.87 Million	7.51%	0.10x	$5.96 Million

About Thriven Global Bhd

KLSE:7889 Malaysia Real Estate - Diversified

Market Cap

$10.99 Million

RM43.76 Million MYR

Market Cap Rank

#26821 Global

#828 in Malaysia

Share Price

RM0.08

Change (1 day)

+0.00%

52-Week Range

RM0.06 - RM0.12

All Time High

RM0.42