Thorney Technologies’ NTA Slips Amid Volatile Markets as Buyback Targets Discount

Thorney Technologies Limited ( (AU:TEK) ) has provided an update.

Thorney Technologies reported a pre-tax net tangible asset backing of 24.3 cents per share as at 28 February 2026, down from 25.0 cents a month earlier, as heightened geopolitical tensions and volatility hit global markets and weighed modestly on its technology-focused portfolio. The investment company, which holds a mix of listed and unlisted tech assets and had a market capitalisation of $46.6 million with its shares trading at 12.5 cents, saw satisfactory half-year reporting from portfolio companies but a negative 2.8% portfolio return for the month and continues to trade at a significant discount to NTA.

Chairman Alex Waislitz said the portfolio had been affected by turbulence stemming from Middle East conflict and higher oil prices but remains comfortable with its composition and risk profile. Positive share price contributions from holdings such as Doctor Care Anywhere, Clarity Pharmaceuticals, DUG Technology and Imricor Medical Systems were offset by weaker performances in Credit Clear, Calix, Yojee and Plenti Group, while TEK stepped up use of its on-market buyback, acquiring more than 3.6 million shares in an effort to narrow the gap between its share price and asset backing, with Thorney Investment Group maintaining a 31.58% stake.

The most recent analyst rating on (AU:TEK) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Thorney Technologies Limited stock, see the AU:TEK Stock Forecast page.

More about Thorney Technologies Limited

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

The company deploys capital into both listed and unlisted technology names, aiming to deliver absolute returns over the medium to long term for shareholders. Its portfolio is diversified across healthcare, software, payments and other innovation-led fields, with a mandate that allows flexible allocation between securities and cash to manage risk and opportunity across market cycles.

Average Trading Volume: 222,251

Technical Sentiment Signal: Strong Sell

For an in-depth examination of TEK stock, go to TipRanks’ Overview page.