Gulf Keystone Petroleum Ltd (GKP) - Net Assets
Based on the latest financial reports, Gulf Keystone Petroleum Ltd (GKP) has net assets worth GBX479.20 Million GBX (≈ $58.30K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX646.34 Million ≈ $78.64K USD) and total liabilities (GBX167.14 Million ≈ $20.34K 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 Gulf Keystone Petroleum Ltd total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX479.20 Million |
| % of Total Assets | 74.14% |
| Annual Growth Rate | 15.82% |
| 5-Year Change | -8.15% |
| 10-Year Change | 5.6% |
| Growth Volatility | 120.79 |
Gulf Keystone Petroleum Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Gulf Keystone Petroleum Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Gulf Keystone Petroleum Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Gulf Keystone Petroleum Ltd (2003–2025)
The table below shows the annual net assets of Gulf Keystone Petroleum Ltd from 2003 to 2025. For live valuation and market cap data, see GKP market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX479.20 Million ≈ $58.30K |
-6.47% |
| 2024-12-31 | GBX512.33 Million ≈ $62.34K |
-6.38% |
| 2023-12-31 | GBX547.24 Million ≈ $66.58K |
-4.48% |
| 2022-12-31 | GBX572.92 Million ≈ $69.71K |
+9.82% |
| 2021-12-31 | GBX521.70 Million ≈ $63.48K |
+14.91% |
| 2020-12-31 | GBX454.02 Million ≈ $55.24K |
-12.67% |
| 2019-12-31 | GBX519.92 Million ≈ $63.26K |
-5.95% |
| 2018-12-31 | GBX552.82 Million ≈ $67.26K |
+17.15% |
| 2017-12-31 | GBX471.89 Million ≈ $57.41K |
+3.99% |
| 2016-12-31 | GBX453.77 Million ≈ $55.21K |
+84.72% |
| 2015-12-31 | GBX245.65 Million ≈ $29.89K |
-27.67% |
| 2014-12-31 | GBX339.61 Million ≈ $41.32K |
-39.61% |
| 2013-12-31 | GBX562.37 Million ≈ $68.42K |
-2.65% |
| 2012-12-31 | GBX577.69 Million ≈ $70.29K |
-4.68% |
| 2011-12-31 | GBX606.07 Million ≈ $73.74K |
+41.99% |
| 2010-12-31 | GBX426.84 Million ≈ $51.93K |
+517.76% |
| 2009-12-31 | GBX69.09 Million ≈ $8.41K |
-43.55% |
| 2008-12-31 | GBX122.40 Million ≈ $14.89K |
-8.65% |
| 2007-12-31 | GBX133.99 Million ≈ $16.30K |
-17.97% |
| 2006-12-31 | GBX163.35 Million ≈ $19.88K |
+81.37% |
| 2005-12-31 | GBX90.07 Million ≈ $10.96K |
+33.44% |
| 2004-12-31 | GBX67.50 Million ≈ $8.21K |
+256.81% |
| 2003-12-31 | GBX18.92 Million ≈ $2.30K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Gulf Keystone Petroleum Ltd'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 14409250400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX217.08 Million | 45.30% |
| Other Comprehensive Income | GBX-2.50 Million | -0.52% |
| Other Components | GBX414.29 Million | 86.45% |
| Total Equity | GBX479.20 Million | 100.00% |
Gulf Keystone Petroleum Ltd Competitors by Market Cap
The table below lists competitors of Gulf Keystone Petroleum Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Questor Technology Inc.
V:QST
|
$4.52 Million |
|
Datasea Inc
NASDAQ:DTSS
|
$4.52 Million |
|
Sawang Export Public Company Limited
BK:SAWANG
|
$4.53 Million |
|
CF Energy Corp
V:CFY
|
$4.53 Million |
|
Hydrotek Public Company Limited
BK:HYDRO
|
$4.52 Million |
|
Alaunos Therapeutics Inc
NASDAQ:TCRT
|
$4.52 Million |
|
XMReality AB
ST:XMR
|
$4.51 Million |
|
Catalina Resources Ltd
AU:CTN
|
$4.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gulf Keystone Petroleum Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 512,330,000 to 479,201,507, a change of -33,128,493 (-6.5%).
- Net income of 15,451,515 contributed positively to equity growth.
- Dividend payments of 50,891,783 reduced retained earnings.
- Share repurchases of 4,116,592 reduced equity.
- Other comprehensive income increased equity by 1,780,089.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX15.45 Million | +3.22% |
| Dividends Paid | GBX50.89 Million | -10.62% |
| Share Repurchases | GBX4.12 Million | -0.86% |
| Other Comprehensive Income | GBX1.78 Million | +0.37% |
| Other Changes | GBX4.65 Million | +0.97% |
| Total Change | GBX- | -6.47% |
Book Value vs Market Value Analysis
This analysis compares Gulf Keystone Petroleum Ltd'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: 80.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 18.93x to 80.75x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | GBX9.02 | GBX170.80 | x |
| 2004-12-31 | GBX20.98 | GBX170.80 | x |
| 2005-12-31 | GBX15.22 | GBX170.80 | x |
| 2006-12-31 | GBX25.32 | GBX170.80 | x |
| 2007-12-31 | GBX20.75 | GBX170.80 | x |
| 2008-12-31 | GBX16.54 | GBX170.80 | x |
| 2009-12-31 | GBX7.01 | GBX170.80 | x |
| 2010-12-31 | GBX29.40 | GBX170.80 | x |
| 2011-12-31 | GBX33.37 | GBX170.80 | x |
| 2012-12-31 | GBX29.09 | GBX170.80 | x |
| 2013-12-31 | GBX27.89 | GBX170.80 | x |
| 2014-12-31 | GBX16.74 | GBX170.80 | x |
| 2015-12-31 | GBX11.24 | GBX170.80 | x |
| 2016-12-31 | GBX8.02 | GBX170.80 | x |
| 2017-12-31 | GBX2.06 | GBX170.80 | x |
| 2018-12-31 | GBX2.41 | GBX170.80 | x |
| 2019-12-31 | GBX2.37 | GBX170.80 | x |
| 2020-12-31 | GBX2.16 | GBX170.80 | x |
| 2021-12-31 | GBX2.44 | GBX170.80 | x |
| 2022-12-31 | GBX2.55 | GBX170.80 | x |
| 2023-12-31 | GBX2.51 | GBX170.80 | x |
| 2024-12-31 | GBX2.25 | GBX170.80 | x |
| 2025-12-31 | GBX2.12 | GBX170.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gulf Keystone Petroleum Ltd 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): 3.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.18%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.35x
- Recent ROE (3.22%) is above the historical average (-15.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | -20.20% | 0.00% | 0.00x | 1.60x | GBX-5.71 Million |
| 2004 | -1.82% | 0.00% | 0.00x | 1.03x | GBX-7.98 Million |
| 2005 | -45.28% | 0.00% | 0.00x | 1.12x | GBX-49.79 Million |
| 2006 | 28.35% | 0.00% | 0.00x | 1.08x | GBX29.97 Million |
| 2007 | -22.31% | -552.08% | 0.03x | 1.28x | GBX-43.29 Million |
| 2008 | -48.23% | -5910.50% | 0.01x | 1.30x | GBX-71.28 Million |
| 2009 | -139.38% | 0.00% | 0.00x | 1.70x | GBX-103.21 Million |
| 2010 | -6.09% | -3217.23% | 0.00x | 1.11x | GBX-68.68 Million |
| 2011 | -10.29% | -901.23% | 0.01x | 1.11x | GBX-122.96 Million |
| 2012 | -14.16% | -254.18% | 0.03x | 1.60x | GBX-139.59 Million |
| 2013 | -5.68% | -477.37% | 0.01x | 1.74x | GBX-88.20 Million |
| 2014 | -73.09% | -643.68% | 0.04x | 2.96x | GBX-282.16 Million |
| 2015 | -87.10% | -248.32% | 0.09x | 3.89x | GBX-238.53 Million |
| 2016 | -3.84% | -8.97% | 0.30x | 1.41x | GBX-62.81 Million |
| 2017 | 2.99% | 8.20% | 0.26x | 1.39x | GBX-33.06 Million |
| 2018 | 14.45% | 31.88% | 0.33x | 1.37x | GBX24.61 Million |
| 2019 | 8.37% | 21.05% | 0.28x | 1.41x | GBX-8.46 Million |
| 2020 | -10.43% | -43.65% | 0.16x | 1.45x | GBX-92.74 Million |
| 2021 | 31.55% | 54.61% | 0.39x | 1.46x | GBX112.43 Million |
| 2022 | 46.44% | 57.83% | 0.62x | 1.30x | GBX208.80 Million |
| 2023 | -2.10% | -9.31% | 0.18x | 1.27x | GBX-66.22 Million |
| 2024 | 1.40% | 4.73% | 0.23x | 1.30x | GBX-44.08 Million |
| 2025 | 3.22% | 9.18% | 0.26x | 1.35x | GBX-32.47 Million |
Industry Comparison
This section compares Gulf Keystone Petroleum Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $67,639,436
- Average return on equity (ROE) among peers: -12.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gulf Keystone Petroleum Ltd (GKP) | GBX479.20 Million | -20.20% | 0.35x | $4.52 Million |
| Afentra PLC (AET) | $24.02 Million | -0.66% | 0.25x | $1.72 Million |
| Aminex PLC (AEX) | $32.75 Million | -26.13% | 0.35x | $666.02K |
| Angus Energy PLC (ANGS) | $12.44 Million | -40.55% | 0.33x | $129.12K |
| Ascent Resources plc (AST) | $20.45 Million | -27.50% | 0.65x | $415.15 |
| Block Energy PLC (BLOE) | $-45.52K | 0.00% | 0.00x | $129.77K |
| Borders & Southern Petroleum plc (BOR) | $295.69 Million | -0.36% | 0.00x | $1.19 Million |
| Cadogan Petroleum plc (CAD) | $49.89 Million | -4.22% | 0.03x | $114.58K |
| Challenger Energy Group PLC (CEG) | $99.28 Million | -23.87% | 0.38x | $331.01K |
| Chariot Oil & Gas Limited (CHAR) | $142.21 Million | -4.80% | 0.04x | $540.76K |
| Clontarf Energy Plc (CLON) | $-271.62K | 0.00% | 0.00x | $18.94K |
About Gulf Keystone Petroleum Ltd
Gulf Keystone Petroleum Limited, together with its subsidiaries, explores, evaluates, develops, and produces oil and gas in the Kurdistan Region of Iraq. The company holds an 80% interest in the Shaikan Field, which covers an area of approximately 280 square kilometers located northwest of Erbil. It also provides management, support, geological, geophysical, and engineering services. Gulf Keyston… Read more