Rank Progress S.A. (RNK) - Net Assets

Latest as of March 2026: zł549.08 Million PLN ≈ $151.11 Million USD

Based on the latest financial reports, Rank Progress S.A. (RNK) has net assets worth zł549.08 Million PLN (≈ $151.11 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 (zł903.46 Million ≈ $248.65 Million USD) and total liabilities (zł354.38 Million ≈ $97.53 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 Rank Progress S.A. (RNK) strategic investment index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł549.08 Million
% of Total Assets	60.77%
Annual Growth Rate	6.09%
5-Year Change	24.11%
10-Year Change	55.81%
Growth Volatility	18.64

Rank Progress S.A. - Net Assets Trend (2009–2025)

This chart illustrates how Rank Progress S.A.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Rank Progress S.A. market cap and net worth.

Annual Net Assets for Rank Progress S.A. (2009–2025)

The table below shows the annual net assets of Rank Progress S.A. from 2009 to 2025. Also explore RNK net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	zł545.25 Million ≈ $150.06 Million	+2.54%
2024-12-31	zł531.74 Million ≈ $146.34 Million	+8.11%
2023-12-31	zł491.87 Million ≈ $135.37 Million	+4.81%
2022-12-31	zł469.27 Million ≈ $129.15 Million	+6.82%
2021-12-31	zł439.31 Million ≈ $120.91 Million	+0.84%
2020-12-31	zł435.65 Million ≈ $119.90 Million	+14.25%
2019-12-31	zł381.31 Million ≈ $104.94 Million	+5.37%
2018-12-31	zł361.88 Million ≈ $99.60 Million	+2.81%
2017-12-31	zł351.98 Million ≈ $96.87 Million	+0.58%
2016-12-31	zł349.95 Million ≈ $96.31 Million	+4.16%
2015-12-31	zł335.99 Million ≈ $92.47 Million	-13.01%
2014-12-31	zł386.22 Million ≈ $106.29 Million	-13.28%
2013-12-31	zł445.34 Million ≈ $122.56 Million	-3.32%
2012-12-31	zł460.65 Million ≈ $126.78 Million	-5.34%
2011-12-31	zł486.64 Million ≈ $133.93 Million	+40.80%
2010-12-31	zł345.61 Million ≈ $95.12 Million	+63.24%
2009-12-31	zł211.72 Million ≈ $58.27 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Rank Progress S.A.'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 grown by 203.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł495.42 Million	90.86%
Common Stock	zł3.72 Million	0.68%
Other Comprehensive Income	zł490.00K	0.09%
Other Components	zł45.63 Million	8.37%
Total Equity	zł545.25 Million	100.00%

Rank Progress S.A. Competitors by Market Cap

The table below lists competitors of Rank Progress S.A. ranked by their market capitalization.

Company	Market Cap
Senko Co. Ltd KQ:347000	$47.56 Million
Nan Yang Dyeing & Finishing Co Ltd TW:1410	$47.56 Million
Spectral AI Inc. NASDAQ:MDAI	$47.57 Million
Jourdeness Group Ltd TW:4190	$47.57 Million
Asahi Songwon Colors Limited NSE:ASAHISONG	$47.52 Million
Asian Phytoceuticals Public Company Limited BK:APCO	$47.50 Million
Altamira Gold Corp V:ALTA	$47.47 Million
Joinsoon Electronics MFG Co Ltd TWO:3322	$47.46 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Rank Progress S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 528,842,000 to 545,254,000, a change of 16,412,000 (3.1%).
Net income of 17,202,000 contributed positively to equity growth.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł17.20 Million	+3.15%
Other Changes	zł-790.00K	-0.14%
Total Change	zł-	3.10%

Book Value vs Market Value Analysis

This analysis compares Rank Progress S.A.'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: 0.32x
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 decreased from 0.73x to 0.32x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	zł6.38	zł4.65	x
2010-12-31	zł9.30	zł4.65	x
2011-12-31	zł13.07	zł4.65	x
2012-12-31	zł12.39	zł4.65	x
2013-12-31	zł11.98	zł4.65	x
2014-12-31	zł10.39	zł4.65	x
2015-12-31	zł9.04	zł4.65	x
2016-12-31	zł9.41	zł4.65	x
2017-12-31	zł9.47	zł4.65	x
2018-12-31	zł9.73	zł4.65	x
2019-12-31	zł10.26	zł4.65	x
2020-12-31	zł11.73	zł4.65	x
2021-12-31	zł11.91	zł4.65	x
2022-12-31	zł12.63	zł4.65	x
2023-12-31	zł13.23	zł4.65	x
2024-12-31	zł14.22	zł4.65	x
2025-12-31	zł14.66	zł4.65	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Rank Progress S.A. 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): 3.15%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 25.70%
• Asset Turnover: 0.08x
• Equity Multiplier: 1.64x
Recent ROE (3.15%) is below the historical average (6.49%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	35.55%	50.66%	0.22x	3.12x	zł53.01 Million
2010	26.32%	172.06%	0.06x	2.47x	zł56.41 Million
2011	31.17%	89.97%	0.17x	1.99x	zł103.02 Million
2012	5.29%	53.84%	0.05x	1.88x	zł-21.70 Million
2013	-2.46%	-24.08%	0.04x	2.29x	zł-55.50 Million
2014	-15.46%	-93.60%	0.06x	2.67x	zł-98.32 Million
2015	-15.12%	-68.93%	0.08x	2.88x	zł-84.41 Million
2016	4.38%	19.25%	0.09x	2.66x	zł-19.68 Million
2017	0.52%	2.15%	0.10x	2.31x	zł-33.37 Million
2018	3.90%	15.94%	0.11x	2.17x	zł-22.07 Million
2019	2.12%	7.77%	0.13x	2.03x	zł-30.05 Million
2020	12.50%	45.67%	0.14x	1.96x	zł10.89 Million
2021	0.54%	3.86%	0.07x	1.87x	zł-41.89 Million
2022	5.46%	41.96%	0.07x	1.83x	zł-21.30 Million
2023	4.88%	33.71%	0.08x	1.81x	zł-25.19 Million
2024	7.67%	25.33%	0.19x	1.62x	zł-12.33 Million
2025	3.15%	25.70%	0.08x	1.64x	zł-37.32 Million

Industry Comparison

This section compares Rank Progress S.A.'s net assets metrics with peer companies in the Real Estate - Diversified industry.

Industry Context

Industry: Real Estate - Diversified
Average net assets among peers: $610,148,000
Average return on equity (ROE) among peers: 13.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Rank Progress S.A. (RNK)	zł549.08 Million	35.55%	0.65x	$47.55 Million
CPD SA (CPD)	$285.05 Million	5.72%	0.66x	$2.43 Million
Echo Investment SA (ECH)	$935.25 Million	20.79%	1.30x	$617.87 Million

About Rank Progress S.A.

WAR:RNK Poland Real Estate - Diversified

Market Cap

$47.55 Million

zł172.79 Million PLN

Market Cap Rank

#22190 Global

#200 in Poland

Share Price

zł4.65

Change (1 day)

-0.53%

52-Week Range

zł3.87 - zł5.00

All Time High

zł8.00