Gelteq Limited (GELS) Balance Sheet
GELS balance sheet, FY2025
June 30, 2025 · Australian dollarsA$21.5M assets = A$5.7M liabilities + A$15.8M equity
Both columns are drawn to the same scale: what GELS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GELS financial health
Descriptive bands, not a rating. Fiscal FY2025.
GELS balance sheet trends, FY2020–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | A$619,115FY2020 | A$21.5MFY2025 | +103.3%/yr | |
| Total liabilities | A$396,043FY2020 | A$5.7MFY2025 | +70.3%/yr | |
| Shareholders’ equity | A$223,072FY2020 | A$15.8MFY2025 | +134.5%/yr | |
| Cash & short-term investments | A$319,519FY2020 | A$344,648FY2025 | +1.5%/yr | |
| Total debt | A$170,703FY2020 | A$4.2MFY2025 | +89.9%/yr | |
| Net cash (debt) | A$148,816FY2020 | −A$3.9MFY2025 | −A$4.0M | |
| Working capital | A$344,562FY2020 | −A$4.1MFY2025 | −A$4.5M | |
| Current ratio | 2.50FY2020 | 0.27FY2025 | −2.23 | |
| Debt / equity | 0.77FY2020 | 0.27FY2025 | −0.50 | |
| Shares outstanding | 2.3MFY2020 | 10.0MFY2025 | +33.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GELS assets
GELS liabilities and equity
GELS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GELS balance sheet in Australian dollars
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | A$344,648 | A$24,522 | A$399,224 | A$162,485 | A$181,664 | A$319,519 |
| Cash & equivalents | A$344,648 | A$24,522 | A$399,224 | A$162,485 | A$181,664 | A$319,519 |
| Receivables | A$459,724 | A$183,005 | A$345,291 | A$250,666 | A$193,245 | A$254,978 |
| Inventory | A$0 | A$0 | A$95,201 | A$95,201 | A$0 | A$0 |
| Other current assets | A$702,298 | A$95,700 | A$151,258 | A$211,713 | A$0 | A$0 |
| Total current assets | A$1.5M | A$303,227 | A$990,974 | A$720,065 | A$374,909 | A$574,497 |
| Property, plant & equipment (net) | A$15,907 | A$16,642 | A$10,000 | A$40,004 | A$0 | A$0 |
| Goodwill & intangible assets | A$19.9M | A$20.4M | A$21.5M | A$22.6M | A$23.8M | A$44,618 |
| Long-term investments | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 |
| Other non-current assets | A$94,605 | A$0 | A$1 | A$0 | A$0 | A$0 |
| Total assets | A$21.5M | A$20.8M | A$22.5M | A$23.4M | A$24.2M | A$619,115 |
| Liabilities | ||||||
| Accounts payable | A$182,632 | A$387,034 | A$291,270 | A$216,725 | A$85,128 | A$170,340 |
| Short-term debt | A$4.2M | A$2.1M | A$16,982 | A$39,793 | A$4,796 | A$4,595 |
| Deferred revenue | — | A$125,359 | A$85,359 | A$119,765 | — | — |
| Total current liabilities | A$5.6M | A$3.9M | A$1.4M | A$1.1M | A$235,900 | A$229,935 |
| Long-term debt | A$13,550 | A$1.8M | A$2.5M | A$1.5M | A$167,328 | A$0 |
| Lease obligations | — | A$0 | A$11,896 | A$46,603 | A$0 | — |
| Other long-term liabilities | A$24,992 | A$20,018 | A$0 | A$11,896 | A$0 | A$166,108 |
| Total liabilities | A$5.7M | A$5.6M | A$3.8M | A$2.6M | A$403,228 | A$396,043 |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | A$33.9M | A$26.6M | A$26.6M | A$25.3M | A$24.9M | A$300,233 |
| Retained earnings (deficit) | −A$18.1M | −A$11.5M | −A$7.9M | −A$4.5M | −A$1.1M | −A$460,425 |
| Accumulated other comprehensive income | — | — | — | A$34,722 | — | — |
| Total shareholders' equity | A$15.8M | A$15.1M | A$18.7M | A$20.9M | A$23.8M | A$223,072 |
| Key figures | ||||||
| Total debt | A$4.2M | A$3.8M | A$2.5M | A$1.5M | A$172,124 | A$170,703 |
| Net cash (debt) | −A$3.9M | −A$3.8M | −A$2.1M | −A$1.3M | A$9,540 | A$148,816 |
| Working capital | −A$4.1M | −A$3.6M | −A$373,551 | −A$360,895 | A$139,009 | A$344,562 |
| Tangible book value | −A$4.1M | −A$5.3M | −A$2.8M | −A$1.8M | −A$28,319 | A$178,454 |
| Shares outstanding | 10.0M | 9.4M | 9.4M | 9.4M | 9.4M | 2.3M |
| Current ratio | 0.27 | 0.08 | 0.73 | 0.67 | 1.59 | 2.50 |
| Quick ratio | 0.14 | 0.05 | 0.55 | 0.38 | 1.59 | 2.50 |
| Debt / equity | 0.27 | 0.25 | 0.13 | 0.07 | 0.01 | 0.77 |
| Equity / assets | 73.6% | 72.8% | 82.9% | 89.1% | 98.3% | 36.0% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Jun '23 | Mar '23 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | A$9,349 | A$9,349 | A$344,648 | A$3.0M | A$3.0M | A$24,522 | A$24,522 | A$145,861 | A$399,224 | A$119,119 | A$162,485 |
| Cash & equivalents | A$9,349 | A$9,349 | A$344,648 | A$3.0M | A$3.0M | A$24,522 | A$24,522 | A$145,861 | A$399,224 | A$119,119 | A$162,485 |
| Receivables | A$414,776 | A$0 | A$459,724 | A$305,007 | A$0 | A$183,005 | A$8,251 | A$139,413 | A$345,291 | A$187,954 | A$250,666 |
| Inventory | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$95,201 | A$95,201 | A$95,201 | A$95,201 |
| Other current assets | A$108,955 | A$523,731 | A$702,298 | A$1.6M | A$1.9M | A$95,700 | A$270,454 | A$152,503 | A$151,258 | A$147,471 | A$211,713 |
| Total current assets | A$533,080 | A$533,080 | A$1.5M | A$4.9M | A$4.9M | A$303,227 | A$303,227 | A$532,978 | A$990,974 | A$549,745 | A$720,065 |
| Property, plant & equipment (net) | A$13,723 | A$13,723 | A$15,907 | A$18,056 | A$18,056 | A$16,642 | A$16,642 | A$17,379 | A$10,001 | A$17,502 | A$40,004 |
| Goodwill & intangible assets | A$19.3M | A$19.3M | A$19.9M | A$20.2M | A$20.2M | A$20.4M | A$20.4M | A$20.7M | A$21.5M | A$21.8M | A$22.6M |
| Long-term investments | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 |
| Other non-current assets | A$264,253 | A$264,253 | A$94,605 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 | A$0 |
| Total assets | A$20.1M | A$20.1M | A$21.5M | A$25.1M | A$25.1M | A$20.8M | A$20.8M | A$21.2M | A$22.5M | A$22.4M | A$23.4M |
| Liabilities | |||||||||||
| Accounts payable | A$540,656 | A$540,656 | A$182,632 | A$177,540 | A$177,540 | A$387,034 | A$387,034 | A$1.3M | A$291,270 | A$393,598 | A$216,725 |
| Short-term debt | A$5.1M | — | A$4.2M | A$3.9M | — | A$2.1M | — | A$2.0M | A$16,982 | A$25,795 | A$39,793 |
| Deferred revenue | — | — | — | A$118,704 | — | A$125,359 | — | A$125,359 | A$85,359 | A$39,923 | A$119,765 |
| Total current liabilities | A$5.9M | A$5.9M | A$5.6M | A$6.3M | A$6.3M | A$3.9M | A$3.9M | A$3.5M | A$1.4M | A$1.2M | A$1.1M |
| Long-term debt | A$0 | A$13,550 | A$13,550 | A$0 | A$13,550 | A$0 | A$1.8M | A$1.5M | A$2.5M | A$1.5M | A$0 |
| Lease obligations | — | — | — | — | — | — | A$0 | A$0 | A$11,896 | A$20,709 | — |
| Other long-term liabilities | A$52,389 | A$38,839 | A$24,992 | A$43,038 | A$29,488 | A$1.8M | A$20,018 | A$0 | A$0 | A$0 | A$1.5M |
| Total liabilities | A$5.9M | A$5.9M | A$5.7M | A$6.3M | A$6.3M | A$5.6M | A$5.6M | A$5.0M | A$3.8M | A$2.8M | A$2.6M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | A$36.1M | — | A$33.9M | A$33.6M | — | A$26.6M | — | A$26.6M | A$26.6M | A$26.6M | A$25.3M |
| Retained earnings (deficit) | −A$21.9M | −A$21.9M | −A$18.1M | −A$14.8M | −A$14.8M | −A$11.5M | −A$11.5M | −A$10.4M | −A$7.9M | −A$7.0M | −A$4.5M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | A$34,722 |
| Total shareholders' equity | A$14.2M | A$14.2M | A$15.8M | A$18.8M | A$18.8M | A$15.1M | A$15.1M | A$16.2M | A$18.7M | A$19.6M | A$20.9M |
| Key figures | |||||||||||
| Total debt | A$5.1M | A$13,550 | A$4.2M | A$3.9M | A$13,550 | A$3.8M | A$1.8M | A$3.4M | A$2.5M | A$1.6M | A$1.5M |
| Net cash (debt) | −A$5.1M | −A$4,201 | −A$3.9M | −A$849,726 | A$3.0M | −A$3.8M | −A$1.7M | −A$3.3M | −A$2.1M | −A$1.4M | −A$1.3M |
| Working capital | −A$5.3M | −A$5.3M | −A$4.1M | −A$1.3M | −A$1.3M | −A$3.6M | −A$3.6M | −A$3.0M | −A$373,551 | −A$677,755 | −A$360,895 |
| Tangible book value | −A$5.1M | −A$5.1M | −A$4.1M | −A$1.4M | −A$1.4M | −A$5.3M | −A$5.3M | −A$4.4M | −A$2.8M | −A$2.2M | −A$1.8M |
| Shares outstanding | 10.5M | 10.7M | 10.0M | 9.9M | 9.7M | 9.4M | 9.4M | 9.4M | 9.4M | 9.4M | 9.4M |
| Current ratio | 0.09 | 0.09 | 0.27 | 0.79 | 0.79 | 0.08 | 0.08 | 0.15 | 0.73 | 0.45 | 0.67 |
| Quick ratio | 0.07 | 0.00 | 0.14 | 0.53 | 0.49 | 0.05 | 0.01 | 0.08 | 0.55 | 0.25 | 0.38 |
| Debt / equity | 0.36 | 0.00 | 0.27 | 0.21 | 0.00 | 0.25 | 0.12 | 0.21 | 0.13 | 0.08 | 0.07 |
| Equity / assets | 70.6% | 70.6% | 73.6% | 74.8% | 74.8% | 72.8% | 72.8% | 76.5% | 82.9% | 87.7% | 89.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in Australian dollars as reported (latest annual report filed June 30, 2025); data from EODHD.
GELS financial position
At the end of fiscal 2025 (June 30, 2025), Gelteq had total assets of A$21.5 million (up 3.5% from a year earlier), total liabilities of A$5.7 million and shareholders' equity of A$15.8 million. It held A$0.3 million in cash and short-term investments against A$4.2 million of debt, net debt of A$3.9 million. Its current ratio was 0.27. In the latest quarter (ended March 31, 2026) total assets were A$20.1 million and equity A$14.2 million.
Related: GELS income statement, GELS cash flow statement, GELS key metrics. See the GELS stock overview for the latest quote and news.
GELS balance sheet FAQ
What are Gelteq's total assets?
Gelteq reported total assets of A$21.5 million at the end of fiscal 2025 (June 30, 2025), compared with A$20.8 million a year earlier.
How much debt does Gelteq have?
Gelteq had A$4.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.27.
How much cash does Gelteq have?
Gelteq held A$0.3 million in cash and short-term investments at the end of fiscal 2025; with A$4.2 million of debt that is net debt of A$3.9 million.
What is Gelteq's book value?
Gelteq's shareholders' equity (book value) was A$15.8 million at the end of fiscal 2025.
What is Gelteq's current ratio?
Gelteq had current assets of A$1.5 million and current liabilities of A$5.6 million, a current ratio of 0.27 (current liabilities exceed current assets).
How much goodwill does Gelteq have?
Gelteq carried A$19.9 million of goodwill and intangible assets, 92.5% of total assets, at the end of fiscal 2025.