Rex Industry Bhd (9946) - Net Assets

Latest as of March 2026: RM94.86 Million MYR ≈ $23.82 Million USD

Based on the latest financial reports, Rex Industry Bhd (9946) has net assets worth RM94.86 Million MYR (≈ $23.82 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 (RM142.92 Million ≈ $35.88 Million USD) and total liabilities (RM48.05 Million ≈ $12.06 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 Rex Industry Bhd strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM94.86 Million
% of Total Assets	66.38%
Annual Growth Rate	-2.06%
5-Year Change	-26.46%
10-Year Change	-33.04%
Growth Volatility	10.77

Rex Industry Bhd - Net Assets Trend (2012–2025)

This chart illustrates how Rex Industry Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 9946 stock market capitalisation.

Annual Net Assets for Rex Industry Bhd (2012–2025)

The table below shows the annual net assets of Rex Industry Bhd from 2012 to 2025. Also explore Rex Industry Bhd equity growth rate to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	RM95.40 Million ≈ $23.95 Million	-6.19%
2024-12-31	RM101.70 Million ≈ $25.53 Million	+5.54%
2023-12-31	RM96.36 Million ≈ $24.19 Million	-6.95%
2022-12-31	RM103.56 Million ≈ $26.00 Million	-20.16%
2021-12-31	RM129.71 Million ≈ $32.57 Million	+1.81%
2020-12-31	RM127.40 Million ≈ $31.99 Million	+25.04%
2019-12-31	RM101.89 Million ≈ $25.58 Million	-10.36%
2018-12-31	RM113.67 Million ≈ $28.54 Million	-10.08%
2017-12-31	RM126.42 Million ≈ $31.74 Million	-11.26%
2016-12-31	RM142.47 Million ≈ $35.77 Million	+3.35%
2015-12-31	RM137.85 Million ≈ $34.61 Million	+4.43%
2014-12-31	RM132.00 Million ≈ $33.14 Million	+2.33%
2013-12-31	RM129.00 Million ≈ $32.39 Million	+3.20%
2012-12-31	RM125.00 Million ≈ $31.38 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Rex Industry 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 109.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	RM100.98 Million	105.85%
Total Equity	RM95.40 Million	100.00%

Rex Industry Bhd Competitors by Market Cap

The table below lists competitors of Rex Industry Bhd ranked by their market capitalization.

Company	Market Cap
OB Holdings Berhad KLSE:0327	$20.65 Million
Hilbert Group AB Series B ST:HILB-B	$20.67 Million
Eminis Ambalaj Sanayi ve Ticaret AS IS:EMNIS	$20.69 Million
Matricelf Ltd TA:MTLF	$20.71 Million
Gensight Biologics SA PA:SIGHT	$20.63 Million
Pure Hydrogen Corporation Ltd AU:PH2	$20.63 Million
VACCITECH (SP.ADR)/1 F:2AB	$20.62 Million
Bankers Investment Trust LSE:BNKR	$20.61 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 101,696,000 to 95,397,862, a change of -6,298,138 (-6.2%).
Net income of 5,187,496 contributed positively to equity growth.
Other factors decreased equity by 11,485,634.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	RM5.19 Million	+5.44%
Other Changes	RM-11.49 Million	-12.04%
Total Change	RM-	-6.19%

Book Value vs Market Value Analysis

This analysis compares Rex Industry 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: 0.86x
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 0.32x to 0.86x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2015-12-31	RM0.39	RM0.13	x
2016-12-31	RM0.35	RM0.13	x
2017-12-31	RM0.31	RM0.13	x
2018-12-31	RM0.28	RM0.13	x
2019-12-31	RM0.25	RM0.13	x
2020-12-31	RM0.23	RM0.13	x
2021-12-31	RM0.23	RM0.13	x
2022-12-31	RM0.16	RM0.13	x
2023-12-31	RM0.15	RM0.13	x
2024-12-31	RM0.15	RM0.13	x
2025-12-31	RM0.15	RM0.13	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Rex Industry 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): 5.44%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.29%
• Asset Turnover: 1.03x
• Equity Multiplier: 1.61x
Recent ROE (5.44%) is above the historical average (-5.24%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	0.76%	0.69%	0.81x	1.36x	RM-12.23 Million
2015	-3.47%	-2.44%	1.09x	1.30x	RM-18.57 Million
2016	2.28%	2.50%	0.66x	1.38x	RM-10.99 Million
2017	-11.99%	-11.63%	0.73x	1.42x	RM-27.80 Million
2018	-11.70%	-9.73%	0.77x	1.56x	RM-24.66 Million
2019	-9.29%	-6.34%	0.82x	1.79x	RM-19.65 Million
2020	2.04%	1.62%	0.82x	1.53x	RM-10.14 Million
2021	1.56%	1.26%	0.80x	1.55x	RM-10.94 Million
2022	-42.87%	-27.34%	0.91x	1.72x	RM-54.76 Million
2023	-4.32%	-3.19%	0.84x	1.62x	RM-13.80 Million
2024	8.70%	6.62%	0.87x	1.51x	RM-1.32 Million
2025	5.44%	3.29%	1.03x	1.61x	RM-4.35 Million

Industry Comparison

This section compares Rex Industry Bhd's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $1,333,735,183
Average return on equity (ROE) among peers: 20.22%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Rex Industry Bhd (9946)	RM94.86 Million	0.76%	0.51x	$20.64 Million
Three A Resources Bhd (0012)	$136.24 Million	13.24%	0.43x	$92.73 Million
Sunzen Biotech Bhd (0148)	$106.94 Million	-6.49%	0.38x	$43.17 Million
Bioalpha Holdings Bhd (0179)	$135.44 Million	5.81%	0.14x	$7.06 Million
Nova Wellness Group Bhd (0201)	$17.74 Million	76.31%	0.49x	$28.01 Million
SDS Group Bhd (0212)	$64.60 Million	6.31%	1.26x	$57.44 Million
PTRB (0260)	$73.33 Million	28.79%	0.89x	$33.58 Million
MYMBN Berhad (0280)	$15.11 Million	28.61%	0.40x	$13.08 Million
SBH Marine Holdings Berhad (0300)	$128.35 Million	1.87%	0.36x	$37.90 Million
OB Holdings Berhad (0327)	$26.80 Million	35.71%	0.68x	$20.65 Million
IOI Corporation Bhd (1961)	$12.63 Billion	12.04%	0.44x	$7.73 Billion

About Rex Industry Bhd

KLSE:9946 Malaysia Packaged Foods

Market Cap

$20.64 Million

RM82.21 Million MYR

Market Cap Rank

#25081 Global

#683 in Malaysia

Share Price

RM0.13

Change (1 day)

+0.00%

52-Week Range

RM0.12 - RM0.25

All Time High

RM0.38