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Thorney Technologies Limited
(Sydney:TEK)
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Rating:53Neutral
Price Target:
AU$0.11
▼(-10.83% 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
Zero Debt
Zero debt materially reduces solvency and refinancing risk, giving the company greater financial flexibility during periods of weak earnings. This conservative capital structure can preserve optionality for investment or other capital allocation decisions while limiting fixed financial obligations.
Negative Factors
Persistent Net Losses
Sustained net losses indicate that the current business model is not consistently converting activity into shareholder earnings. The particularly large 2026 loss raises concern that profitability may remain difficult to restore, while continued losses could gradually reduce the equity cushion.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero Debt
Zero debt materially reduces solvency and refinancing risk, giving the company greater financial flexibility during periods of weak earnings. This conservative capital structure can preserve optionality for investment or other capital allocation decisions while limiting fixed financial obligations.
Read all positive factors
Thorney Technologies Limited (TEK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$37.54M
Dividend YieldN/A
Average Volume (3M)164.08K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.03
Shares Outstanding357,554,870
10 Day Avg. Volume325,482
30 Day Avg. Volume164,077
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 | TTM | Jun 2026 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.39M | -7.47M | 2.82M | -11.70M | -22.55M | -59.90M |
| Gross Profit | 525.03K | -7.47M | 2.82M | -13.53M | -24.82M | -59.90M |
| EBITDA | 8.30M | 0.00 | 343.62K | -14.32M | 0.00 | 0.00 |
| Net Income | -12.64M | -16.41M | -4.66M | -21.72M | -25.52M | -45.15M |
Balance Sheet | ||||||
| Total Assets | 99.13M | 78.67M | 96.93M | 104.48M | 130.37M | 156.45M |
| Cash, Cash Equivalents and Short-Term Investments | 64.95M | 48.96M | 56.44M | 68.80M | 79.43M | 94.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.69M | 1.10M | 1.08M | 1.26M | 2.19M | 1.21M |
| Stockholders Equity | 97.44M | 77.57M | 95.85M | 103.23M | 128.18M | 154.86M |
Cash Flow | ||||||
| Free Cash Flow | -2.78M | 6.57M | 4.60M | -5.51M | 11.04M | -12.51M |
| Operating Cash Flow | -2.78M | 6.57M | 4.60M | -5.51M | 11.04M | -12.51M |
| Investing Cash Flow | -237.37K | 0.00 | -2.66M | -1.04M | -6.39M | -9.15M |
| Financing Cash Flow | -550.75K | -1.86M | -2.87M | -3.09M | -1.16M | 24.47M |
Thorney Technologies Limited Technical Analysis
Positive
0.12
Price Trends
0.10
Positive
0.10
Positive
0.11
Negative
Market Momentum
<0.01
Negative
62.27
Neutral
54.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TEK, the sentiment is Positive. 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 0.11, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.27 is Neutral, neither overbought nor oversold. The STOCH value of 54.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$7.12B | 27.85 | 3.80% | 4.07% | 2.17% | 0.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
63 Neutral | AU$707.55M | 15.48 | 6.01% | 6.39% | 24.55% | -56.59% | |
55 Neutral | AU$145.15M | 19.50 | 2.73% | 7.75% | -14.49% | -63.50% | |
54 Neutral | AU$1.40B | -11.32 | -7.37% | 12.70% | -145.54% | -156.29% | |
53 Neutral | AU$37.54M | -2.40 | -18.75% | ― | ― | ― |
* Financial Sector Average
AU:TEK
Thorney Technologies Limited
0.11
-0.03
-22.22%
AU:WAM
WAM Capital Ltd.
1.23
-0.38
-23.70%
AU:ARG
Argo Investments Limited
9.46
0.42
4.60%
AU:BTI
Bailador Technology Investments Ltd
0.96
-0.16
-14.13%
AU:HM1
Hearts and Minds Investments Ltd
3.09
-0.15
-4.75%
AU:WMX
WAM Income Maximiser Limited
1.63
0.06
3.83%
Thorney Technologies Limited Corporate Events
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...
Thorney Technologies advances on-market share buy-back program
Jul 23, 2026
Thorney Technologies has continued its on-market share buy-back program, updating the market with a daily notification covering trades up to 24 July 2026. The company reported that it repurchased 310,000 ordinary fully paid shares on the previous ...
Thorney Technologies Updates Daily On-Market Share Buy-Back
Jul 21, 2026
Thorney Technologies Ltd, an Australian-listed technology investment company trading under the ticker TEK, provides investors exposure to a curated portfolio of tech and innovation-focused businesses. Its operations are centred on identifying and ...
Thorney Technologies trims NTA as buyback targets share price discount
Jul 14, 2026
Thorney Technologies reported a slight decline in its pre-tax net tangible asset backing to 21.9 cents per share at 30 June 2026, down from 22.1 cents a month earlier, reflecting ongoing geopolitical and macroeconomic pressures on global markets. ...
Thorney Technologies Cancels Shares After On-Market Buy-Back
Jun 30, 2026
Thorney Technologies has cancelled 5,741,887 ordinary fully paid shares following completion of an on-market buy-back, as notified to the ASX. The reduction in issued capital may enhance earnings per share and signals ongoing capital management, w...
Thorney Technologies steps up on‑market share buy‑back
Jun 29, 2026
Thorney Technologies Ltd has continued its on‑market share buy‑back program, purchasing a total of 17,012,746 ordinary fully paid shares prior to the latest reporting date. The company reported that it bought back an additional 500,000...
Thorney Technologies Advances On-Market Share Buy-Back Program
Jun 28, 2026
Thorney Technologies Limited has continued its on-market share buy-back program, updating the market that it has repurchased a total of 16,908,641 ordinary fully paid shares prior to the latest reporting date. The company disclosed that a further ...
Thorney Technologies Steps Up On-Market Share Buy-Back Activity
Jun 24, 2026
Thorney Technologies Ltd, an Australian technology-focused investment company trading under the ASX code TEK, continues to manage its capital structure through an on-market share buy-back program. The firm invests in a diversified portfolio of tec...
Thorney Technologies Reports Ongoing Daily On-Market Share Buy-Back
Jun 23, 2026
Thorney Technologies has continued its on-market share buy-back program, targeting its ordinary fully paid shares listed on the ASX under the code TEK. The company reported that it has repurchased a cumulative total of 15,334,705 shares prior to t...
Thorney Technologies Expands On-Market Share Buy-Back Program
Jun 22, 2026
Thorney Technologies has continued its on-market share buy-back program, disclosing a daily update on the repurchase of its ordinary fully paid shares. The company reported that it has bought back a total of 14,702,401 shares prior to the latest t...
Thorney Technologies Reports Ongoing On‑Market Share Buy‑Back Activity
Jun 21, 2026
Thorney Technologies has updated the market on its ongoing on‑market share buy‑back program for its ordinary fully paid shares listed under ticker TEK. The company reported that it had repurchased a cumulative 14,293,327 shares before ...
Thorney Technologies Continues Daily On-Market Share Buy-Back
Jun 18, 2026
Thorney Technologies Ltd has provided an updated notification on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that it had repurchased a cumulative total of 14,233,077 shares prior to the mos...
Thorney Technologies Continues On-Market Share Buy-Back Program
Jun 16, 2026
Thorney Technologies has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its fully paid ordinary shares, TEK. The company reported that it has bought back a cumulative total of 13,945,856 shar...
Thorney Technologies Continues On-Market Share Buy-Back Program
Jun 9, 2026
Thorney Technologies Ltd has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code TEK. The latest notification shows the company repurchased 80,000 shares in the pre...
Thorney Technologies Continues On-Market Share Buy-Back Program
Jun 8, 2026
Thorney Technologies Limited has continued its on-market share buy-back program for its ordinary fully paid shares, with a total of 12,259,688 securities repurchased before the latest reporting date and a further 285,947 bought back on the previou...
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.