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Thorney Technologies Limited
(Sydney:TEK)
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Rating:53Neutral
Price Target:
AU$0.09
▼(-21.67% Downside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak and inconsistent financial performance (multi-year losses and volatile/negative revenue), partially offset by a very conservative balance sheet with no debt. Technicals add a modest boost due to improving shorter-term momentum, while valuation remains challenged given negative earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
Zero total debt across all periods materially lowers solvency and refinancing pressure, while sizable equity relative to assets provides a cushion against ongoing losses. This conservative funding structure preserves financial flexibility through the next several quarters.
Negative Factors
Persistent net losses
Sustained net losses over 2022–2026 indicate that the business has not yet established dependable earnings power after the profitable 2021 year. Continued losses can weaken equity over time and restrict the company’s ability to compound value internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero total debt across all periods materially lowers solvency and refinancing pressure, while sizable equity relative to assets provides a cushion against ongoing losses. This conservative funding structure preserves financial flexibility through the next several quarters.
Read all positive factors
Thorney Technologies Limited (TEK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$33.25M
Dividend YieldN/A
Average Volume (3M)159.44K
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.04
Shares Outstanding357,554,870
10 Day Avg. Volume95,829
30 Day Avg. Volume159,442
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.43
Price to Sales (P/S)-4.49
P/FCF Ratio5.11
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 invests in technology related companies. The company was formerly known as Australian Renewable Fuels Limited and changed its name to Thorney Technologies Ltd in December 2016. Thorney Technologies Ltd was founded in 2005 ...
Thorney Technologies Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
74
Positive
Cash Flow
46
Neutral
| Breakdown | Jun 2026 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | -7.47M | 2.82M | -11.70M | -22.55M | -59.90M |
| Gross Profit | -7.47M | 2.82M | -13.53M | -24.82M | -59.90M |
| EBITDA | 0.00 | 343.62K | 32.00 | 0.00 | 0.00 |
| Net Income | -16.41M | -4.66M | -21.72M | -25.52M | -45.15M |
Balance Sheet | |||||
| Total Assets | 78.67M | 96.93M | 104.48M | 130.37M | 156.45M |
| Cash, Cash Equivalents and Short-Term Investments | 48.96M | 56.44M | 68.80M | 79.43M | 94.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.10M | 1.08M | 1.26M | 2.19M | 1.21M |
| Stockholders Equity | 77.57M | 95.85M | 103.23M | 128.18M | 154.86M |
Cash Flow | |||||
| Free Cash Flow | 6.57M | 4.60M | -5.51M | 11.04M | -12.51M |
| Operating Cash Flow | 6.57M | 4.60M | -5.51M | 11.04M | -12.51M |
| Investing Cash Flow | 0.00 | -2.66M | -1.04M | -6.39M | -9.15M |
| Financing Cash Flow | -1.86M | -2.87M | -3.09M | -1.16M | 24.47M |
Thorney Technologies Limited Technical Analysis
Negative
0.12
Price Trends
0.10
Negative
0.10
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
32.21
Neutral
28.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TEK, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and above the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.21 is Neutral, neither overbought nor oversold. The STOCH value of 28.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TEK.
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 | AU$6.98B | 27.35 | 3.80% | 4.15% | 2.17% | 0.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | AU$638.86M | 13.98 | 6.01% | 6.99% | 24.55% | -56.59% | |
55 Neutral | AU$134.13M | 17.80 | 2.73% | 8.45% | -14.49% | -63.50% | |
54 Neutral | AU$1.13B | -9.29 | -7.37% | 15.46% | -145.54% | -156.29% | |
53 Neutral | AU$33.25M | -2.12 | -18.75% | ― | ― | ― |
* Financial Sector Average
AU:TEK
Thorney Technologies Limited
0.09
-0.04
-28.46%
AU:WAM
WAM Capital Ltd.
1.00
-0.55
-35.39%
AU:ARG
Argo Investments Limited
9.28
0.48
5.51%
AU:BTI
Bailador Technology Investments Ltd
0.88
-0.31
-25.93%
AU:HM1
Hearts and Minds Investments Ltd
2.79
-0.29
-9.42%
AU:WMX
WAM Income Maximiser Limited
1.53
<0.01
0.07%
Thorney Technologies Limited Corporate Events
Thorney Technologies Updates Investors on Ongoing On-Market Share Buy-Back
Oct 22, 2026
Thorney Technologies Ltd has provided an updated notification regarding its ongoing on-market share buy-back program for TEK ordinary fully paid shares. The company continues to repurchase its own securities on the ASX, reflecting an active capita...
Thorney Technologies Updates Market on Ongoing Share Buy-Back Activity
Oct 21, 2026
Thorney Technologies Limited, an ASX-listed technology-focused investment company trading under the code TEK, manages a portfolio of tech-sector assets for investors. Its ordinary fully paid shares are central to the company’s capital market...
Thorney Technologies Expands On-Market Share Buy-Back
Oct 20, 2026
Thorney Technologies Ltd has continued its on-market share buy-back program, reporting the repurchase of 60,000 ordinary fully paid TEK shares on 21 October 2026. This lifts the total number of shares bought back to 27,445,223 since the program be...
Thorney Technologies Reports Ongoing On-Market Share Buy-Back
Oct 19, 2026
Thorney Technologies Limited, listed on the ASX under the ticker TEK, operates as an investment company targeting technology and innovation-focused assets. Through its portfolio, the firm provides shareholders with diversified exposure to the tech...
Thorney Technologies Reports Ongoing On-Market Share Buy-Back Activity
Oct 19, 2026
Thorney Technologies Ltd has provided an updated daily notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares, TEK. The company reported that 27,340,593 shares had been repurchased prior to the p...
Thorney Technologies NTA Slips as Global Market Weakness Weighs on Tech Portfolio
Oct 13, 2026
Thorney Technologies reported a decline in its pre-tax net tangible asset backing to 20.7 cents per share at 30 September 2026, down from 21.7 cents a month earlier, reflecting portfolio weakness in line with broader global equity market declines....
Thorney Technologies Issues Daily Update on Ongoing Share Buy-Back
Oct 7, 2026
Thorney Technologies Ltd, an ASX-listed investment company focused on technology-related assets and trading under the ticker TEK, operates in the financial services sector providing shareholders exposure to a portfolio of tech-focused investments....
Thorney Technologies Continues Daily On-Market Share Buy-Back Program
Oct 5, 2026
Thorney Technologies Ltd, an ASX-listed technology-focused investment company trading under the code TEK, invests in a portfolio of tech-related securities to provide shareholders with exposure to the broader technology sector. Its ordinary fully ...
Thorney Technologies Continues On-Market Share Buy-Back Program
Oct 4, 2026
Thorney Technologies Ltd, an ASX-listed investment company trading under the code TEK, specialises in managing a portfolio of technology-focused securities. The firm provides investors with access to technology and innovation-driven businesses thr...
Thorney Technologies Updates Daily On-Market Share Buy-Back
Sep 30, 2026
Thorney Technologies Ltd, an ASX-listed investment company focused on technology-sector holdings, trades under the code TEK and manages a portfolio of technology assets for its shareholders.The company is continuing an on-market share buy-back pro...
Thorney Technologies Cancels Over 5 Million Shares After On-Market Buy-Back
Sep 30, 2026
Thorney Technologies Ltd has notified the market of the cessation of 5,142,183 ordinary fully paid shares in its issued capital. The shares were cancelled following an on-market buy-back, effective 30 September 2026.The cancellation reduces the co...
Thorney Technologies Continues Daily On-Market Share Buy-Back
Sep 29, 2026
Thorney Technologies Ltd, an ASX-listed investment company focused on technology-related assets and trading under the code TEK, continues to actively manage its capital structure through a share buy-back programme. The company’s ordinary ful...
Thorney Technologies Updates Market on Ongoing Share Buy-Back Activity
Sep 28, 2026
Thorney Technologies Ltd, an Australian technology-focused investment company listed on the ASX under the ticker TEK, manages a portfolio of tech and innovation assets for its investors. Its ordinary fully paid shares form the basis of its listed ...
Thorney Technologies Updates Market on Ongoing Share Buy-Back
Sep 27, 2026
Thorney Technologies has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. The latest filing shows the company bought back 500,000 shares on the previous trading ...
Thorney Technologies Updates Market on Ongoing Share Buy-Back Activity
Sep 22, 2026
Thorney Technologies Ltd has issued an updated notification regarding its ongoing on-market share buy-back program for its ordinary fully paid shares listed under ASX code TEK. The latest update, dated 23 September 2026, confirms that the company ...
Thorney Technologies Issues Daily Update on Ongoing Share Buy-Back
Sep 20, 2026
Thorney Technologies has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under code TEK. The company reported that it had repurchased a total of 23,924,302 share...
Thorney Technologies Updates Market on Ongoing Share Buy‑Back
Sep 18, 2026
Thorney Technologies has continued its on‑market share buy‑back program, repurchasing 250,000 ordinary fully paid shares in the latest daily transaction. This takes the total number of shares bought back under the current program to 23...
Thorney Technologies Updates ASX on Daily Share Buy-Back Activity
Sep 16, 2026
Thorney Technologies Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for ordinary fully paid TEK shares. The latest daily disclosure shows the company has cumulatively repurchased 23,4...
Thorney Technologies Reports Ongoing On-Market Share Buy-Back Activity
Sep 15, 2026
Thorney Technologies Ltd has continued its on-market share buy-back program for its ordinary fully paid TEK securities, filing an updated notification with the ASX dated 16 September 2026. The company reported that it has repurchased a cumulative ...
Thorney Technologies Updates Market on Ongoing On-Market Buy-Back
Sep 14, 2026
Thorney Technologies has continued its on-market share buy-back program, updating the market on 15 September 2026 with the latest daily repurchase activity in its ordinary fully paid shares. The company reported that it had bought back a total of ...
Thorney Technologies Updates Investors on Ongoing Share Buy-Back
Sep 10, 2026
Thorney Technologies Limited has issued a daily update on its on-market share buy-back program for its ordinary fully paid TEK securities. The company reported that it had repurchased a total of 22,682,414 shares before the previous day and a furt...
Thorney Technologies Continues On‑Market Share Buy‑Back Program
Sep 10, 2026
Thorney Technologies Limited has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The company reported that a total of 22,182,414 shares had been repurchased before the previous tra...
Thorney Technologies Updates Market on Ongoing Share Buy-Back
Sep 8, 2026
Thorney Technologies Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for ordinary fully paid shares under ticker TEK. The latest daily update, dated 9 September 2026, confirms that the compan...
Thorney Technologies Reports Ongoing On-Market Share Buy-Back Activity
Sep 7, 2026
Thorney Technologies Limited has provided an updated notification to the ASX confirming the ongoing execution of its on-market share buy-back program for ordinary fully paid shares under the code TEK. The latest daily update, dated 8 September 202...
Thorney Technologies Updates ASX on Progress of Ongoing Share Buy-Back
Sep 7, 2026
Thorney Technologies Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid TEK securities. The latest filing confirms that the company continues to actively repur...
Thorney Technologies Updates Market on Ongoing Share Buy-Back
Sep 2, 2026
Thorney Technologies Limited has issued an updated notification to the ASX confirming the continuation of its on-market share buy-back program for its ordinary fully paid TEK securities. The latest daily disclosure reports that a total of 20,746,7...
Thorney Technologies Continues Daily On‑Market Share Buy‑Back Program
Sep 1, 2026
Thorney Technologies Ltd, trading on the ASX under the ticker TEK, is an Australian investment company that focuses on technology-related securities. It offers shareholders exposure to a curated portfolio of tech investments, aligning its strategy...
Thorney Technologies Updates Progress of On-Market Share Buy-Back
Aug 31, 2026
Thorney Technologies Ltd, an ASX-listed technology investment company trading under the TEK code, offers investors exposure to a diversified portfolio of technology-focused assets through ordinary fully paid shares. The firm positions itself as an...
Thorney Technologies Cancels 1.7 Million Shares in On-Market Buy-Back
Aug 31, 2026
Thorney Technologies Limited has announced the cessation of 1,705,316 ordinary fully paid shares on the ASX, following their cancellation under an on-market buy-back program. The move directly reduces the company’s issued capital, signaling ...
Thorney Technologies Files Updated ASX Corporate Governance Disclosures
Aug 28, 2026
Thorney Technologies Ltd has lodged its updated corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 30 June 2026. The documents confirm compliance with key ASX Corporate Governance Council principl...
Thorney Technologies Swings to $16.4m Annual Loss as NTA Slides
Aug 28, 2026
Thorney Technologies has reported a sharp deterioration in its financial performance for the year to 30 June 2026, swinging from a prior-year investment profit to a loss from investment activities of $7.5 million and a total loss after tax of $16....
Thorney Technologies Updates Market on Ongoing On-Market Share Buy-Back
Aug 24, 2026
Thorney Technologies Limited has provided an updated notification to the market regarding its ongoing on-market share buy-back program for its ordinary fully paid TEK securities. The company disclosed that, as of the latest reporting date, it had ...
Thorney Technologies updates market on progress of on-market share buy-back
Aug 13, 2026
Thorney Technologies Limited 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 update, dated 14 August 2026, confirms that a total of 19,072,8...
Thorney Technologies NTA Slips as Mixed Tech Portfolio Performance Drives Active Buyback
Aug 12, 2026
Thorney Technologies reported a slight decline in net tangible asset backing per share in July, with pre-tax NTA easing to 21.6 cents from 21.9 cents as the portfolio softened in the first month of FY2027. The listed investment company’s tec...
Thorney Technologies Continues On-Market Share Buy-Back Program
Jul 31, 2026
Thorney Technologies Ltd, an ASX-listed investment company specialising in technology-focused assets, continues to use its ordinary fully paid shares (TEK) as the key instrument for investor participation. The firm’s strategy centres on acti...
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.