Botnia Gold AB (publ) (BOTX) - Net Assets

Latest as of December 2025: Skr210.82 Million SEK ≈ $22.69 Million USD

Based on the latest financial reports, Botnia Gold AB (publ) (BOTX) has net assets worth Skr210.82 Million SEK (≈ $22.69 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 (Skr262.03 Million ≈ $28.20 Million USD) and total liabilities (Skr51.21 Million ≈ $5.51 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. Read Botnia Gold AB (publ) total liabilities for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr210.82 Million
% of Total Assets	80.46%
Annual Growth Rate	53.79%
5-Year Change	136.82%
10-Year Change	286.83%
Growth Volatility	412.1

Botnia Gold AB (publ) - Net Assets Trend (2007–2025)

This chart illustrates how Botnia Gold AB (publ)'s net assets have evolved over time, based on quarterly financial data. Also explore Botnia Gold AB (publ) asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Botnia Gold AB (publ) (2007–2025)

The table below shows the annual net assets of Botnia Gold AB (publ) from 2007 to 2025. For live valuation and market cap data, see Botnia Gold AB (publ) (BOTX) market capitalisation.

Year	Net Assets	Change
2025-12-31	Skr210.82 Million ≈ $22.69 Million	+30.25%
2024-12-31	Skr161.86 Million ≈ $17.42 Million	+20.26%
2023-12-31	Skr134.60 Million ≈ $14.48 Million	-4.84%
2022-12-31	Skr141.44 Million ≈ $15.22 Million	+58.88%
2021-12-31	Skr89.02 Million ≈ $9.58 Million	+4.87%
2020-12-31	Skr84.89 Million ≈ $9.14 Million	-2.43%
2019-12-31	Skr87.00 Million ≈ $9.36 Million	+11.17%
2018-12-31	Skr78.26 Million ≈ $8.42 Million	-7.52%
2017-12-31	Skr84.63 Million ≈ $9.11 Million	+55.28%
2016-12-31	Skr54.50 Million ≈ $5.87 Million	-12.67%
2015-12-31	Skr62.41 Million ≈ $6.72 Million	+11.21%
2014-12-31	Skr56.12 Million ≈ $6.04 Million	-3.61%
2013-12-31	Skr58.22 Million ≈ $6.26 Million	+8.73%
2012-12-31	Skr53.54 Million ≈ $5.76 Million	+27.47%
2011-12-31	Skr42.00 Million ≈ $4.52 Million	-15.07%
2010-12-31	Skr49.45 Million ≈ $5.32 Million	+264.81%
2009-12-31	Skr13.56 Million ≈ $1.46 Million	+724.57%
2008-12-31	Skr1.64 Million ≈ $176.92K	+1706.59%
2007-12-31	Skr91.00K ≈ $9.79K	--

Equity Component Analysis

This analysis shows how different components contribute to Botnia Gold AB (publ)'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Skr30.60 Million	14.52%
Other Components	Skr180.22 Million	85.48%
Total Equity	Skr210.82 Million	100.00%

Botnia Gold AB (publ) Competitors by Market Cap

The table below lists competitors of Botnia Gold AB (publ) ranked by their market capitalization.

Company	Market Cap
Airmate Cayman International Co Ltd TW:1626	$53.57 Million
Instil Bio Inc. NASDAQ:TIL	$53.58 Million
Hwail Pharmaceutical Co.Ltd KQ:061250	$53.61 Million
Metair JSE:MTA	$53.64 Million
Kingston Resources Ltd AU:KSN	$53.56 Million
Wiener Privatbank SE VI:WPB	$53.55 Million
Solytech Enterprise Corp TW:1471	$53.55 Million
EgnsINVEST Ejendomme Tyskland A/S CO:EGNETY	$53.54 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Botnia Gold AB (publ)'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 161,861,000 to 210,823,000, a change of 48,962,000 (30.2%).
Net income of 48,960,000 contributed positively to equity growth.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr48.96 Million	+23.22%
Other Changes	Skr2.00K	+0.0%
Total Change	Skr-	30.25%

Book Value vs Market Value Analysis

This analysis compares Botnia Gold AB (publ)'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: 2.39x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.00x to 2.39x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-12-31	Skr171861.92	Skr12.20	x
2009-12-31	Skr0.46	Skr12.20	x
2010-12-31	Skr1.45	Skr12.20	x
2011-12-31	Skr7.98	Skr12.20	x
2012-12-31	Skr6.38	Skr12.20	x
2013-12-31	Skr3.55	Skr12.20	x
2014-12-31	Skr3.13	Skr12.20	x
2015-12-31	Skr2.88	Skr12.20	x
2016-12-31	Skr2.68	Skr12.20	x
2017-12-31	Skr3.63	Skr12.20	x
2018-12-31	Skr2.95	Skr12.20	x
2019-12-31	Skr3.41	Skr12.20	x
2020-12-31	Skr2.85	Skr12.20	x
2021-12-31	Skr2.83	Skr12.20	x
2022-12-31	Skr4.82	Skr12.20	x
2023-12-31	Skr3.27	Skr12.20	x
2024-12-31	Skr3.97	Skr12.20	x
2025-12-31	Skr5.11	Skr12.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Botnia Gold AB (publ) 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): 23.22%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 19.98%
• Asset Turnover: 0.94x
• Equity Multiplier: 1.24x
Recent ROE (23.22%) is above the historical average (-8.96%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	-32.95%	0.00%	0.00x	1.14x	Skr-705.71K
2009	-16.00%	-74.03%	0.20x	1.07x	Skr-3.52 Million
2010	-11.98%	-219.36%	0.05x	1.03x	Skr-10.87 Million
2011	-17.39%	-109.47%	0.15x	1.06x	Skr-11.50 Million
2012	-17.94%	-77.19%	0.22x	1.03x	Skr-14.96 Million
2013	-11.48%	-150.73%	0.07x	1.05x	Skr-12.50 Million
2014	-12.04%	-177.35%	0.06x	1.13x	Skr-12.37 Million
2015	-11.09%	-123.90%	0.08x	1.06x	Skr-13.16 Million
2016	-14.51%	-95.36%	0.12x	1.27x	Skr-13.36 Million
2017	-15.24%	-207.35%	0.06x	1.15x	Skr-21.36 Million
2018	-8.14%	-99.53%	0.08x	1.08x	Skr-14.19 Million
2019	-6.53%	-313.23%	0.02x	1.07x	Skr-14.38 Million
2020	-5.80%	-143.37%	0.04x	1.08x	Skr-13.41 Million
2021	-6.46%	-160.32%	0.04x	1.07x	Skr-14.65 Million
2022	-5.37%	-5382.27%	0.00x	1.07x	Skr-21.73 Million
2023	-5.41%	-3416.43%	0.00x	1.13x	Skr-20.74 Million
2024	13.80%	38.62%	0.26x	1.35x	Skr6.15 Million
2025	23.22%	19.98%	0.94x	1.24x	Skr27.88 Million

Industry Comparison

This section compares Botnia Gold AB (publ)'s net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $49,377,000
Average return on equity (ROE) among peers: -20.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Botnia Gold AB (publ) (BOTX)	Skr210.82 Million	-32.95%	0.24x	$53.57 Million
Northgold AB (NG)	$49.38 Million	-20.54%	0.14x	$1.38 Million

About Botnia Gold AB (publ)

ST:BOTX Sweden Gold

Market Cap

$53.57 Million

Skr497.82 Million SEK

Market Cap Rank

#21635 Global

#396 in Sweden

Share Price

Skr12.20

Change (1 day)

-2.87%

52-Week Range

Skr10.35 - Skr15.85

All Time High

Skr17.55