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An announcement from Thorney Technologies Limited ( (AU:TEK) ) is now available.
Thorney Technologies Ltd reported a significant improvement in its financial performance for FY2025, with an after-tax loss of $4.7 million compared to the previous year’s $21.7 million loss. This improvement reflects disciplined portfolio management and strategic repositioning. The company remains focused on investing in companies with disruptive technologies and scalable business models, positioning itself to benefit from market recovery. TEK’s strategy includes active risk management and capital deployment in compelling valuations, with positive contributions from companies like Yojee Limited and eToro Group Limited. Despite some challenges, TEK is committed to enhancing shareholder returns through initiatives like share buybacks and revised management fees. The company also emphasizes robust governance and ESG considerations, aiming for long-term sustainable value creation.
More about Thorney Technologies Limited
Thorney Technologies Ltd (TEK) is an ASX-listed investment company with a focus on technology-related investments across all phases of the investment lifecycle. The company targets early-stage companies with disruptive technologies and business models in sectors such as fintech, e-commerce, education, agriculture, medical, telecommunications, robotics, and AI. TEK generates high-quality deal flow through networks in Australia, Israel, and the USA, investing in both listed and unlisted entities.
YTD Price Performance: -7.69%
Average Trading Volume: 206,577
Technical Sentiment Signal: Strong Sell
For an in-depth examination of TEK stock, go to TipRanks’ Overview page.