Jastrzebska Spotka Weglowa SA (JSW) - Net Assets

Latest as of December 2025: zł3.48 Billion PLN ≈ $956.87 Million USD

Based on the latest financial reports, Jastrzebska Spotka Weglowa SA (JSW) has net assets worth zł3.48 Billion PLN (≈ $956.87 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 (zł13.45 Billion ≈ $3.70 Billion USD) and total liabilities (zł9.98 Billion ≈ $2.75 Billion 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 tangible net worth ratio of Jastrzebska Spotka Weglowa SA to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł3.48 Billion
% of Total Assets	25.84%
Annual Growth Rate	-3.68%
5-Year Change	-58.1%
10-Year Change	-14.57%
Growth Volatility	39.28

Jastrzebska Spotka Weglowa SA - Net Assets Trend (2010–2025)

This chart illustrates how Jastrzebska Spotka Weglowa SA's net assets have evolved over time, based on quarterly financial data. See Jastrzebska Spotka Weglowa SA (JSW) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Jastrzebska Spotka Weglowa SA (2010–2025)

The table below shows the annual net assets of Jastrzebska Spotka Weglowa SA from 2010 to 2025. For live valuation and market cap data, see market value of Jastrzebska Spotka Weglowa SA.

Year	Net Assets	Change
2025-12-31	zł3.48 Billion ≈ $956.87 Million	-64.33%
2024-12-31	zł9.75 Billion ≈ $2.68 Billion	-42.57%
2023-12-31	zł16.97 Billion ≈ $4.67 Billion	+6.49%
2022-12-31	zł15.94 Billion ≈ $4.39 Billion	+92.07%
2021-12-31	zł8.30 Billion ≈ $2.28 Billion	+13.40%
2020-12-31	zł7.32 Billion ≈ $2.01 Billion	-17.33%
2019-12-31	zł8.85 Billion ≈ $2.44 Billion	+4.81%
2018-12-31	zł8.45 Billion ≈ $2.32 Billion	+27.55%
2017-12-31	zł6.62 Billion ≈ $1.82 Billion	+62.71%
2016-12-31	zł4.07 Billion ≈ $1.12 Billion	+3.44%
2015-12-31	zł3.93 Billion ≈ $1.08 Billion	-45.87%
2014-12-31	zł7.27 Billion ≈ $2.00 Billion	-12.98%
2013-12-31	zł8.35 Billion ≈ $2.30 Billion	-2.59%
2012-12-31	zł8.57 Billion ≈ $2.36 Billion	+1.55%
2011-12-31	zł8.44 Billion ≈ $2.32 Billion	+38.36%
2010-12-31	zł6.10 Billion ≈ $1.68 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Jastrzebska Spotka Weglowa SA'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 79.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł880.30 Million	28.79%
Other Components	zł2.18 Billion	71.21%
Total Equity	zł3.06 Billion	100.00%

Jastrzebska Spotka Weglowa SA Competitors by Market Cap

The table below lists competitors of Jastrzebska Spotka Weglowa SA ranked by their market capitalization.

Company	Market Cap
Pexip Holding ASA OL:PEXIP	$834.64 Million
D-MARKET E.S.+T.SP.ADR/1B F:8WZ	$834.81 Million
JBG SMITH Properties NYSE:JBGS	$834.81 Million
Shenzhen Infinova Ltd SHE:002528	$834.92 Million
Evergreen International Storage & Transport Corp TW:2607	$833.80 Million
Shenzhen Kaizhong Precision Technology Co Ltd SHE:002823	$833.68 Million
Xinjiang Qingsong Building Materials and Chemicals Group Co Ltd SHG:600425	$833.61 Million
Hangzhou Advance Gearbox Group Co Ltd SHG:601177	$833.41 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jastrzebska Spotka Weglowa SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 9,287,000,000 to 3,057,700,000, a change of -6,229,300,000 (-67.1%).
Net loss of 6,214,600,000 reduced equity.
Other comprehensive income decreased equity by 1,200,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł-6.21 Billion	-203.24%
Other Comprehensive Income	zł-1.20 Million	-0.04%
Other Changes	zł-13.50 Million	-0.44%
Total Change	zł-	-67.08%

Book Value vs Market Value Analysis

This analysis compares Jastrzebska Spotka Weglowa SA'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: 0.99x
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 0.48x to 0.99x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2010-12-31	zł53.67	zł25.82	x
2011-12-31	zł72.73	zł25.82	x
2012-12-31	zł71.22	zł25.82	x
2013-12-31	zł69.71	zł25.82	x
2014-12-31	zł60.58	zł25.82	x
2015-12-31	zł32.66	zł25.82	x
2016-12-31	zł34.09	zł25.82	x
2017-12-31	zł54.42	zł25.82	x
2018-12-31	zł68.83	zł25.82	x
2019-12-31	zł72.08	zł25.82	x
2020-12-31	zł58.94	zł25.82	x
2021-12-31	zł66.87	zł25.82	x
2022-12-31	zł132.39	zł25.82	x
2023-12-31	zł140.27	zł25.82	x
2024-12-31	zł79.10	zł25.82	x
2025-12-31	zł26.04	zł25.82	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jastrzebska Spotka Weglowa SA 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): -203.24%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -66.06%
• Asset Turnover: 0.70x
• Equity Multiplier: 4.40x
Recent ROE (-203.24%) is below the historical average (-12.42%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2010	25.68%	20.61%	0.69x	1.81x	zł916.96 Million
2011	25.56%	22.45%	0.69x	1.65x	zł1.28 Billion
2012	11.72%	11.17%	0.63x	1.67x	zł144.85 Million
2013	0.94%	1.01%	0.55x	1.69x	zł-741.20 Million
2014	-9.27%	-9.67%	0.44x	2.16x	zł-1.37 Billion
2015	-85.15%	-47.09%	0.59x	3.08x	zł-3.65 Billion
2016	0.17%	0.10%	0.58x	2.88x	zł-393.55 Million
2017	39.74%	28.60%	0.73x	1.89x	zł1.90 Billion
2018	21.50%	17.71%	0.71x	1.70x	zł928.96 Million
2019	7.43%	7.25%	0.58x	1.76x	zł-217.42 Million
2020	-22.34%	-22.29%	0.46x	2.17x	zł-2.24 Billion
2021	11.51%	8.50%	0.67x	2.03x	zł118.55 Million
2022	49.01%	37.72%	0.75x	1.73x	zł6.06 Billion
2023	6.03%	6.48%	0.55x	1.69x	zł-653.04 Million
2024	-77.98%	-64.05%	0.49x	2.46x	zł-8.17 Billion
2025	-203.24%	-66.06%	0.70x	4.40x	zł-6.52 Billion

Industry Comparison

This section compares Jastrzebska Spotka Weglowa SA's net assets metrics with peer companies in the Thermal Coal industry.

Industry Context

Industry: Thermal Coal
Average net assets among peers: $824,125,250
Average return on equity (ROE) among peers: 5.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jastrzebska Spotka Weglowa SA (JSW)	zł3.48 Billion	25.68%	2.87x	$834.33 Million
Bumech S.A. (BMC)	$7.26 Million	-462.40%	14.50x	$72.45 Million
Clean & Carbon Energy S.A. (CCE)	$53.40 Million	-7.26%	0.57x	$3.04 Million
Coal Energy S.A. (CLE)	$7.35 Million	480.17%	11.92x	$26.26 Million
Lubelski Wegiel Bogdanka S.A. (LWB)	$3.23 Billion	9.56%	0.32x	$196.58 Million

About Jastrzebska Spotka Weglowa SA

WAR:JSW Poland Thermal Coal

Market Cap

$834.33 Million

zł3.03 Billion PLN

Market Cap Rank

#9895 Global

#49 in Poland

Share Price

zł25.82

Change (1 day)

-1.41%

52-Week Range

zł20.73 - zł35.30

All Time High

zł108.15