Thorney Technologies’ NTA Slips Amid Geopolitical Volatility as Buyback Activity Ramps Up

Thorney Technologies Limited ( (AU:TEK) ) has issued an announcement.

Thorney Technologies reported a pre-tax net tangible asset backing of 22.4 cents per share at 31 March 2026, down from 24.3 cents a month earlier, as heightened geopolitical tensions in the Middle East and associated market volatility weighed on its portfolio. The LIC’s investment performance for the month was -7.82%, with a portfolio split of 58% listed securities, 37% unlisted holdings and 5% cash, and management remained active in monitoring portfolio composition and trading opportunities.

In response to the share price trading at a discount to NTA, the company continued its on-market share buyback, purchasing 1,487,543 shares during the period ahead of the program’s November 2026 expiry. Thorney Investment Group and its associates maintained a 31.6% stake in the company, and the manager reiterated its focus on identifying opportunities amid market dislocation while pursuing absolute returns over the medium to long term for shareholders.

More about Thorney Technologies Limited

Thorney Technologies Ltd is an ASX-listed listed investment company focused on technology-related investments across all stages of the investment lifecycle. Managed by Thorney Investment Group, it targets early-stage and disruptive businesses in sectors such as fintech, e-commerce, education, agriculture, medical technology, telecommunications, robotics and AI, sourcing deal flow from Australia, Israel and the U.S.

YTD Price Performance: -12.50%

Average Trading Volume: 244,306

Technical Sentiment Signal: Strong Sell

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