Thorney Technologies Limited (AU:TEK)
ASX:TEK
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Thorney Technologies Limited
(Sydney:TEK)
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Rating:48Neutral
Price Target:
AU$0.10
▼(-19.17% Downside)
Action:N/ADate:01/04/26
The score is primarily held back by weak and volatile profitability (recent net loss and sharp revenue decline) and a negative P/E, only partially offset by a conservatively financed, debt-free balance sheet and improved (but still volatile) cash flow. Technical indicators are neutral-to-weak, offering limited support.
Positive Factors
Debt-free balance sheet
Zero reported debt and ~95.8M equity supporting ~96.9M assets gives the company durable financial flexibility. Low leverage reduces refinancing and solvency risk, enabling management to fund operations, pursue opportunistic investments or weather downturns without urgent external financing.
Negative Factors
Volatile multi-year profitability
Repeated swings between profit and large losses across multiple years undermine predictability of earnings and planning. Persistent volatility reduces confidence in sustainable returns, complicates capital allocation, and raises the bar for management to demonstrate durable improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and ~95.8M equity supporting ~96.9M assets gives the company durable financial flexibility. Low leverage reduces refinancing and solvency risk, enabling management to fund operations, pursue opportunistic investments or weather downturns without urgent external financing.
Read all positive factors
Thorney Technologies Limited (TEK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
N/A
Dividend YieldN/A
Average Volume (3M)261.60K
Price to Earnings (P/E)7.1
Beta (1Y)0.79
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding368,471,440
10 Day Avg. Volume400,751
30 Day Avg. Volume261,604
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.38
Price to Sales (P/S)12.94
P/FCF Ratio7.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Thorney Technologies Limited Business Overview & Revenue Model
Company Description
Thorney Technologies Ltd is an Australia-based investment company. The Company’s principal activity is investing in global, listed and unlisted, technology investments at all phases of the investment lifecycle. The Company’s seeks to identify earl...
Thorney Technologies Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.82M | -11.70M | -22.55M | -59.90M | 79.87M |
| Gross Profit | 2.82M | -13.53M | -24.82M | -59.90M | 62.86M |
| EBITDA | 0.00 | -14.32M | 0.00 | 0.00 | 0.00 |
| Net Income | -4.66M | -21.72M | -25.52M | -45.15M | 52.85M |
Balance Sheet | |||||
| Total Assets | 96.93M | 104.48M | 130.37M | 156.45M | 187.74M |
| Cash, Cash Equivalents and Short-Term Investments | 56.44M | 68.80M | 79.43M | 94.65M | 148.54M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.08M | 1.26M | 2.19M | 1.21M | 12.19M |
| Stockholders Equity | 95.85M | 103.23M | 128.18M | 154.86M | 175.55M |
Cash Flow | |||||
| Free Cash Flow | 4.60M | -5.51M | 11.04M | -12.51M | -17.65M |
| Operating Cash Flow | 4.60M | -5.51M | 11.04M | -12.51M | -17.65M |
| Investing Cash Flow | -2.66M | -1.04M | -6.39M | -9.15M | -16.45M |
| Financing Cash Flow | -2.87M | -3.09M | -1.16M | 24.47M | 35.73M |
Thorney Technologies Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ― | 21.13 | 5.08% | 8.71% | -66.55% | -65.99% | |
72 Outperform | ― | 13.26 | 3.97% | 4.06% | 8.77% | 8.17% | |
69 Neutral | ― | 40.76 | 2.49% | 5.33% | 66.62% | -84.92% | |
68 Neutral | ― | 1.94 | 9.85% | 5.99% | -55.51% | 52.74% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
48 Neutral | ― | 7.11 | -13.08% | ― | ― | ― |
* Financial Sector Average
AU:TEK
Thorney Technologies Limited
0.10
-0.01
-10.91%
AU:WAM
WAM Capital Ltd.
1.73
0.25
17.13%
AU:ARG
Argo Investments Limited
8.77
0.37
4.39%
AU:BTI
Bailador Technology Investments Ltd
0.96
-0.03
-3.42%
AU:HM1
Hearts and Minds Investments Ltd
2.86
0.12
4.23%
AU:WMX
WAM Income Maximiser Limited
1.61
0.09
5.57%
Thorney Technologies Limited Corporate Events
Thorney Technologies Expands On-Market Share Buy-Back
Apr 30, 2026
Thorney Technologies Ltd has continued its on-market share buy-back program for its ordinary fully paid TEK securities, reporting the repurchase of 250,000 shares on the previous trading day. This lifts the cumulative total bought back to 9,361,58...
Thorney Technologies Cancels 2.6 Million Shares in On-Market Buy-Back
Apr 30, 2026
Thorney Technologies Ltd has cancelled 2,555,857 ordinary fully paid shares as part of an on-market buy-back, effective 30 April 2026. The reduction in issued capital may enhance earnings per share and net asset value per share for remaining inves...
Thorney Technologies Updates Market on Ongoing Share Buy-Back Program
Apr 26, 2026
Thorney Technologies has provided an updated notification on its ongoing on-market share buy-back program for its fully paid ordinary shares. The company reported that it had repurchased a total of 9,061,586 shares prior to the previous trading da...
Thorney Technologies Updates Market on Ongoing Share Buy-Back Activity
Apr 21, 2026
Thorney Technologies has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares traded under the ASX code TEK. The company reported that a cumulative total of 9,024,447 shares had been repurchased pri...
Thorney Technologies Expands On-Market Buy-Back, Lifting Total Repurchases
Apr 15, 2026
Thorney Technologies has continued its on-market share buy-back program, reporting that it repurchased 218,718 ordinary fully paid shares on the previous trading day. The latest disclosure brings the cumulative total of shares bought back to 8,805...
Thorney Technologies Updates Daily On‑Market Share Buy-Back
Apr 14, 2026
Thorney Technologies Limited has provided an updated notification of its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code TEK. The company reported that it has repurchased a cumulative total of 8...
Thorney Technologies Continues Active On-Market Share Buy-Back Program
Apr 13, 2026
Thorney Technologies Ltd has continued its on-market share buy-back program, targeting its ordinary fully paid shares trading under the ASX code TEK. The company has disclosed ongoing daily activity in the program, which is designed to reduce the ...
Thorney Technologies’ NTA Slips Amid Geopolitical Volatility as Buyback Activity Ramps Up
Apr 13, 2026
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 i...
Thorney Technologies Continues Daily On-Market Share Buy-Back
Apr 12, 2026
Thorney Technologies has provided an update on its ongoing on-market share buy-back program, confirming that it repurchased 500,000 ordinary fully paid shares on the previous trading day. This takes the total number of securities bought back under...
Thorney Technologies Updates Market on Progress of On-Market Share Buy-Back
Apr 8, 2026
Thorney Technologies Ltd has continued its on-market share buy-back program for its ordinary fully paid shares, TEK, as disclosed in its latest Appendix 3C update to the Australian Securities Exchange. The company reported that a total of 6,805,72...
Thorney Technologies Cancels 1.49 Million Shares After On-Market Buy-Back
Mar 31, 2026
Thorney Technologies has cancelled 1,487,543 fully paid ordinary shares on 31 March 2026 following completion of an on-market buy-back. The reduction in issued capital may marginally enhance earnings per share and signals ongoing capital managemen...
Thorney Technologies Expands On-Market Share Buy-Back
Mar 22, 2026
Thorney Technologies Limited has continued its on-market share buy-back program for its ordinary fully paid shares, issuing a daily update under ASX requirements. The company reported that a total of 6,555,729 shares had been bought back before th...
Thorney Technologies Updates Market on Ongoing On-Market Share Buy-Back
Mar 17, 2026
Thorney Technologies has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares under the code TEK. The latest daily disclosure shows that a cumulative 6,317,534 shares had be...
Thorney Technologies Updates Market on Progress of On-Market Share Buy-Back
Mar 15, 2026
Thorney Technologies Ltd has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares under ticker TEK. The company reported that, as of 16 March 2026, it had repurchased a cumu...
Thorney Technologies Expands On-Market Share Buy-Back Program
Mar 12, 2026
Thorney Technologies has continued its on-market share buy-back program, acquiring a further 250,000 ordinary fully paid shares on 12 March 2026. This brings the total number of shares repurchased under the current program, which commenced in Nove...
Thorney Technologies’ NTA Slips Amid Volatile Markets as Buyback Targets Discount
Mar 12, 2026
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 ...
Thorney Technologies Updates Daily On-Market Share Buy-Back Figures
Mar 11, 2026
Thorney Technologies Ltd has provided an updated notification on its ongoing on-market share buy-back program for its ordinary fully paid shares listed under ASX code TEK. The company reported that it had repurchased a cumulative 5,543,293 shares ...
Thorney Technologies Issues Daily Update on Ongoing Share Buy-Back
Mar 3, 2026
Thorney Technologies Ltd has provided an updated notification on its on-market share buy-back program for its ordinary fully paid shares traded under the ASX code TEK. The company reported that it had bought back a cumulative 5,378,187 shares prio...
Thorney Technologies cancels 3.9m shares under on-market buy-back
Feb 27, 2026
Thorney Technologies Ltd has cancelled 3,918,885 fully paid ordinary shares under its on-market buy-back program, as disclosed in a new Appendix 3H filing with the ASX dated 27 February 2026. The reduction in issued capital signals ongoing capital...
Thorney Technologies Continues On-Market Share Buy-Back Program
Feb 26, 2026
Thorney Technologies has continued its on-market share buy-back program, purchasing 60,001 fully paid ordinary shares on the previous trading day. This takes the cumulative total repurchased to 5,318,186 shares since the buy-back began, signalling...
Thorney Technologies Updates Market on Progress of On-Market Share Buy-Back
Feb 24, 2026
Thorney Technologies has provided an updated notification to the ASX on the progress of its on-market share buy-back program for its ordinary fully paid shares. The company reported that it had repurchased a cumulative total of 4,968,186 shares pr...
Thorney Technologies Extends Manager Agreement and Launches Performance Review
Feb 24, 2026
Thorney Technologies has confirmed that its Investment Manager has exercised a contractual option to extend the Investment Management Agreement, pushing the initial term out to 16 December 2026 with a further seven-year extension now locked in. Th...
Thorney Technologies Profit Slumps as After-Tax NTA and Dividend Payouts Tighten
Feb 24, 2026
Thorney Technologies has reported a sharp fall in profitability for the half-year to 31 December 2025, with profit after tax dropping 83% to $1.6 million despite only a 13% decline in profit from investment activities and profit before tax. Net ta...
Thorney Technologies Expands On-Market Share Buy-Back
Feb 23, 2026
Thorney Technologies has continued its on-market share buy-back program, confirming that a total of 4,675,900 ordinary shares had been repurchased prior to the latest reporting date. The company disclosed that it bought back a further 292,286 shar...
Thorney Technologies Updates Market on Ongoing Share Buy-Back Activity
Feb 22, 2026
Thorney Technologies Ltd, listed on the ASX under ticker TEK, has ordinary fully paid shares as its main class of securities and is positioned as a technology-focused investment vehicle for Australian investors. The company actively manages its ca...
Thorney Technologies Updates Progress on Ongoing Share Buy-Back Program
Feb 20, 2026
Thorney Technologies has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares on the ASX, under code TEK. The latest notification reports that a total of 4,482,044 shares had been repurchased prior ...
Thorney Technologies Updates Market on Ongoing On-Market Share Buy-Back
Feb 11, 2026
Thorney Technologies has provided an updated daily notification to the ASX on the progress of its on-market share buy-back program for its ordinary fully paid shares under the code TEK. The latest filing dated 11 February 2026 confirms that a tota...
Thorney Technologies Updates Market on Ongoing Share Buy-Back Activity
Feb 9, 2026
Thorney Technologies Ltd has provided an updated notification on its ongoing on-market share buy-back program for its ordinary fully paid shares listed under the ASX code TEK. The company reported that a total of 3,272,985 shares had been bought b...
Thorney Technologies Updates Market on Ongoing Share Buy-Back
Feb 8, 2026
Thorney Technologies Ltd has continued its on-market buy-back program for its ordinary fully paid shares, with the latest update dated 9 February 2026. The company reported that a total of 3,149,301 shares had been bought back before the previous ...
Thorney Technologies Updates Market on Progress of On‑Market Share Buy‑Back
Feb 6, 2026
Thorney Technologies has provided an updated notification to the ASX on its ongoing on‑market share buy‑back of ordinary fully paid shares. The company reported that it repurchased 350,000 shares in the previous trading day, bringing t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.