t42 IoT Tracking Solutions PLC (TRAC) - Net Assets

Latest as of December 2025: GBX-2.94 Million GBX ≈ $-357.72 USD

Based on the latest financial reports, t42 IoT Tracking Solutions PLC (TRAC) has net assets worth GBX-2.94 Million GBX (≈ $-357.72 USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX3.81 Million ≈ $464.10 USD) and total liabilities (GBX6.75 Million ≈ $821.82 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 t42 IoT Tracking Solutions PLC tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	GBX-2.94 Million
% of Total Assets	-77.08%
Annual Growth Rate	N/A
5-Year Change	-1623.35%
10-Year Change	-207.15%
Growth Volatility	200.89

t42 IoT Tracking Solutions PLC - Net Assets Trend (2009–2025)

This chart illustrates how t42 IoT Tracking Solutions PLC's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of t42 IoT Tracking Solutions PLC to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for t42 IoT Tracking Solutions PLC (2009–2025)

The table below shows the annual net assets of t42 IoT Tracking Solutions PLC from 2009 to 2025. For live valuation and market cap data, see market value of t42 IoT Tracking Solutions PLC.

Year	Net Assets	Change
2025-12-31	GBX-2.94 Million ≈ $-357.72	-9.62%
2024-12-31	GBX-2.68 Million ≈ $-326.32	-185.62%
2023-12-31	GBX-939.00K ≈ $-114.25	-74.54%
2022-12-31	GBX-538.00K ≈ $-65.46	-378.76%
2021-12-31	GBX193.00K ≈ $23.48	-90.81%
2020-12-31	GBX2.10 Million ≈ $255.63	-46.00%
2019-12-31	GBX3.89 Million ≈ $473.42	+0.78%
2018-12-31	GBX3.86 Million ≈ $469.77	+27.34%
2017-12-31	GBX3.03 Million ≈ $368.91	+10.50%
2016-12-31	GBX2.74 Million ≈ $333.87	-21.53%
2015-12-31	GBX3.50 Million ≈ $425.48	-19.94%
2014-12-31	GBX4.37 Million ≈ $531.46	-32.71%
2013-12-31	GBX6.49 Million ≈ $789.77	+137.07%
2012-12-31	GBX2.74 Million ≈ $333.14	+187.61%
2011-12-31	GBX952.00K ≈ $115.83	+530.46%
2010-12-31	GBX151.00K ≈ $18.37	+129.72%
2009-12-31	GBX-508.00K ≈ $-61.81	--

Equity Component Analysis

This analysis shows how different components contribute to t42 IoT Tracking Solutions PLC'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 1764661000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Comprehensive Income	GBX1.35 Million	%
Other Components	GBX13.87 Million	%
Total Equity	GBX-2.94 Million	100.00%

t42 IoT Tracking Solutions PLC Competitors by Market Cap

The table below lists competitors of t42 IoT Tracking Solutions PLC ranked by their market capitalization.

Company	Market Cap
Cykel AI PLC LSE:CYK	$38.67K
Getech Group LSE:GTC	$38.96K
Contango Holdings PLC LSE:CGO	$39.20K
Catenai PLC LSE:CTAI	$39.25K
Futura Medical LSE:FUM	$38.19K
AETHER CATALYST SOLUT. F:2QZ	$37.72K
PTT Exploration and Production Public Company Limited F:PTTG	$37.52K
Unicorn Mineral Resources PLC LSE:UMR	$37.28K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in t42 IoT Tracking Solutions PLC's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from -2,682,000 to -2,940,069, a change of -258,069.
Net loss of 588,084 reduced equity.
New share issuances of 319,000 increased equity.
Other comprehensive income increased equity by 489.
Other factors increased equity by 10,526.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	GBX-588.08K	-20.0%
Share Issuances	GBX319.00K	+10.85%
Other Comprehensive Income	GBX489.00	+0.02%
Other Changes	GBX10.53K	+0.36%
Total Change	GBX-	%

Book Value vs Market Value Analysis

This analysis compares t42 IoT Tracking Solutions PLC'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

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	GBX-0.06	GBX4.30	x
2010-12-31	GBX0.02	GBX4.30	x
2011-12-31	GBX0.11	GBX4.30	x
2012-12-31	GBX0.31	GBX4.30	x
2013-12-31	GBX0.73	GBX4.30	x
2014-12-31	GBX0.42	GBX4.30	x
2015-12-31	GBX0.30	GBX4.30	x
2016-12-31	GBX0.17	GBX4.30	x
2017-12-31	GBX0.13	GBX4.30	x
2018-12-31	GBX0.11	GBX4.30	x
2019-12-31	GBX0.10	GBX4.30	x
2020-12-31	GBX0.05	GBX4.30	x
2021-12-31	GBX0.00	GBX4.30	x
2022-12-31	GBX-0.01	GBX4.30	x
2023-12-31	GBX-0.02	GBX4.30	x
2024-12-31	GBX-0.05	GBX4.30	x
2025-12-31	GBX-0.05	GBX4.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently t42 IoT Tracking Solutions PLC 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): 0.00%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -9.44%
• Asset Turnover: 1.63x
• Equity Multiplier: 0.00x
Recent ROE (0.00%) is above the historical average (-77.77%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	0.00%	-2.87%	2.89x	0.00x	GBX-97.20K
2010	448.34%	12.71%	1.95x	18.12x	GBX661.90K
2011	82.88%	14.15%	1.38x	4.24x	GBX693.80K
2012	49.02%	16.62%	1.03x	2.86x	GBX1.07 Million
2013	10.83%	7.80%	0.80x	1.73x	GBX53.90K
2014	-64.51%	-56.30%	0.60x	1.92x	GBX-3.25 Million
2015	-50.30%	-34.28%	0.76x	1.94x	GBX-2.11 Million
2016	-73.32%	-39.20%	0.89x	2.09x	GBX-2.29 Million
2017	-44.53%	-24.82%	0.86x	2.08x	GBX-1.65 Million
2018	-23.83%	-15.35%	0.86x	1.81x	GBX-1.31 Million
2019	-26.19%	-14.95%	0.91x	1.93x	GBX-1.41 Million
2020	-97.33%	-40.57%	0.79x	3.02x	GBX-2.26 Million
2021	-1533.16%	-70.22%	0.66x	33.15x	GBX-2.98 Million
2022	0.00%	-24.89%	0.80x	0.00x	GBX-952.20K
2023	0.00%	-10.49%	0.80x	0.00x	GBX-326.10K
2024	0.00%	-42.04%	0.95x	0.00x	GBX-1.48 Million
2025	0.00%	-9.44%	1.63x	0.00x	GBX-294.08K

Industry Comparison

This section compares t42 IoT Tracking Solutions PLC's net assets metrics with peer companies in the Scientific & Technical Instruments industry.

Industry Context

Industry: Scientific & Technical Instruments
Average net assets among peers: $63,600,600
Average return on equity (ROE) among peers: 12.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
t42 IoT Tracking Solutions PLC (TRAC)	GBX-2.94 Million	0.00%	N/A	$38.27K
Judges Scientific Plc (JDG)	$54.46 Million	22.95%	2.41x	$3.88 Million
Kromek Group PLC (KMK)	$52.18 Million	7.19%	0.26x	$689.46K
Ondo InsurTech PLC (ONDO)	$-4.89 Million	0.00%	0.00x	$54.68K
Oxford Instruments PLC (OXIG)	$344.00 Million	17.03%	0.66x	$20.27 Million
PipeHawk plc (PIP)	$-1.98 Million	0.00%	0.00x	$11.05K
Quartix Holdings Plc (QTX)	$20.90 Million	24.14%	0.44x	$1.41 Million
Renishaw PLC (RSW)	$143.78 Million	2.69%	0.43x	$44.78 Million
SDI Group plc (SDI)	$2.14 Million	12.91%	0.89x	$1.06 Million
SRT Marine Systems plc (SRT)	$7.46 Million	2.35%	0.26x	$2.43 Million
Spectris PLC (SXS)	$17.96 Million	33.61%	3.30x	$51.08 Million

About t42 IoT Tracking Solutions PLC

LSE:TRAC UK Scientific & Technical Instruments

Market Cap

$38.27K

GBX314.57 Million GBX

Market Cap Rank

#31464 Global

#1237 in UK

Share Price

GBX4.30

Change (1 day)

-3.37%

52-Week Range

GBX1.75 - GBX4.95

All Time High

GBX34.00