First Development Resources (LSE:FDR) Scaled Net Operating Assets: 1.10 (As of Dec. 2025)


What is First Development Resources Scaled Net Operating Assets?

First Development Resources LSE:FDR -3.77% Scaled Net Operating Assets is 1.10 as of Dec. 2025. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Development Resources's operating assets for the quarter that ended in Dec. 2025 was £4.34 Mil. First Development Resources's operating liabilities for the quarter that ended in Dec. 2025 was £0.20 Mil. First Development Resources's Total Assets for the quarter that ended in Jun. 2025 was £3.76 Mil. Therefore, First Development Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.10.

First Development Resources Scaled Net Operating Assets Historical Data

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The historical data trend for First Development Resources's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Development Resources Scaled Net Operating Assets Chart

First Development Resources Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
0.84 0.96 0.93 0.84

First Development Resources Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial 0.00 0.00 0.92 0.55 1.10

First Development Resources Scaled Net Operating Assets Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Development Resources's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Development Resources Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, First Development Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where First Development Resources's Scaled Net Operating Assets falls into.


First Development Resources Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Development Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(3.741-0.619)/3.703
=0.84

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3.758 - 0.017
=3.741

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.008 - 0 - 0.389
=0.619

First Development Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(4.339-0.197)/3.758
=1.10

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5.9 - 1.561
=4.339

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.333 - 0 - 0.136
=0.197

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 1.10 mean?
First Development Resources (LSE:FDR) has a Scaled Net Operating Assets of 1.10 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First Development Resources and its competitors.
Is First Development Resources' Scaled Net Operating Assets too high?
First Development Resources' current Scaled Net Operating Assets is 1.10.
How does First Development Resources' Scaled Net Operating Assets compare to competitors?
First Development Resources' Scaled Net Operating Assets of 1.10 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on First Development Resources and its competitors. First Development Resources's current Scaled Net Operating Assets is 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Development Resources stock overvalued right now?
First Development Resources (LSE:FDR) has a current Scaled Net Operating Assets of 1.10. The current Scaled Net Operating Assets is 1.10. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For First Development Resources (LSE:FDR), the current Scaled Net Operating Assets is 1.10 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Development Resources Business Description

Address c/o D&A Secretarial Services Limited, 99 Gresham Street, 6th Floor, London, GBR, EC2V 7NG
First Development Resources PLC is a mineral exploration company. Its is engaged in the holding of Australian based mining assets and progressing the exploration and exploitation of those assets. The Group holds mining assets comprising the wholly owned Wallal, Rippon Hills, Braeside West and Selta Projects.