Thalassa Holdings (THAL) AI Stock Analysis

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Thalassa Holdings

(LSE:THAL)

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Rating:40Underperform

Price Target:GBX 22.00▼(-4.35% Downside)

Action:downgraded

Date:11/09/26

The score is primarily constrained by severe profitability and cash-flow weakness. A low-debt balance sheet offers some protection, but weak technical momentum and an earnings-based valuation with negative P/E provide little offset.

Positive Factors

Conservative balance sheetThe company has a highly conservative capital structure, with equity funding nearly all assets and debt-to-equity of about 0.002. This provides financial resilience and preserves flexibility to manage losses, support investments, or pursue opportunities without heavy interest or refinancing burdens.

Negative Factors

Severe profitability weaknessVery low revenue alongside a substantial net loss indicates that the current asset and investment base is not generating dependable earnings. Losses across most years, with only 2020 profitable, point to weak and volatile profitability that may persistently erode shareholder returns.

Thalassa Holdings (THAL) vs. iShares MSCI United Kingdom ETF (EWC)

Market Cap: GBP 3.83M
Dividend Yield: ―
Average Volume (3M): 2,359
Price to Earnings (P/E): -2.2
Beta (1Y): -0.22
Revenue Growth: -59.32%
EPS Growth: 33.59%
Country: UK
Employees: 5
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Equipment & Services

Thalassa Holdings Business Overview & Revenue Model

Company Description

Thalassa Holdings Ltd. is holding company, which operates in business through its wholly owned subsidiaries, WGP Group, and Autonomous Robotics. WGP Group focuses on marine geophysical services in production enhancement, exploration and surveying. Au...

Thalassa Holdings Financial Statement Overview

Summary

Severe losses, negative margins, revenue contraction, and persistent cash burn outweigh the relatively strong low-debt balance sheet. The score is at the permitted minimum.

Income Statement

12Very Negative

Balance Sheet

68Positive

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Jun 2023	Dec 2021
Income Statement
Total Revenue	11.28K	17.75K	-219.39K	535.76K	295.97K	138.66K
Gross Profit	-67.56K	-80.19K	-256.92K	-17.22K	200.04K	83.53K
EBITDA	-574.41K	-613.54K	-921.96K	-316.81K	-1.02M	-1.52M
Net Income	-1.74M	-1.37M	-1.01M	-891.71K	-1.45M	-1.98M
Balance Sheet
Total Assets	9.12M	9.29M	10.96M	12.43M	13.18M	17.99M
Cash, Cash Equivalents and Short-Term Investments	3.60M	3.58M	3.92M	1.31M	1.38M	6.59M
Total Debt	7,926	15.75K	0	1.58M	1.67M	5.73M
Total Liabilities	609.62K	480.38K	573.51K	3.14M	2.88M	6.84M
Stockholders Equity	8.51M	8.81M	10.39M	9.29M	10.30M	11.15M
Cash Flow
Free Cash Flow	-705.30K	-324.88K	-1.20M	-345.15K	-527.48K	-3.66M
Operating Cash Flow	-705.30K	-324.88K	-905.97K	-342.83K	408.30K	-1.88M
Investing Cash Flow	198.18K	-9,802	-1.46M	-537.00K	-693.11K	-2.50M
Financing Cash Flow	129.37K	129.37K	2.75M	-160.54K	-4.32M	2.52M

Thalassa Holdings Technical Analysis

Technical Analysis SentimentNegative

Last Price23.00

Price Trends

50DMA23.24Negative

100DMA23.37Negative

200DMA23.03Negative

Market Momentum

MACD-0.06Negative

RSI0.35Positive

STOCH61.11Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:THAL, the sentiment is Negative. The current price of 23.00 is equal to the 20-day moving average (MA) of 23.00, below the 50-day MA of 23.24, and below the 200-day MA of 23.03, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 0.35 is Positive, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:THAL.

Thalassa Holdings Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

GB:THAL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GB:POS	60Neutral	GBP 4.92M	-0.97	-27.03%	―	-73.26%	-370.18%
GB:GTC	45Neutral	GBP 6.43M	-207.50	-0.65%	―	15.94%	98.21%
GB:AST	43Neutral	GBP 3.88M	-0.36	644.44%	―	―	―
GB:THAL	40Underperform	GBP 3.83M	-2.21	-20.05%	―	-59.32%	33.59%
GB:RBD	38Underperform	GBP 8.41M	-0.83	-22.10%	―	―	-150.68%
GB:UJO	37Underperform	GBP 2.78M	-0.33	-45.39%	―	-4.12%	-889.83%

* Energy Sector Average

Performance Comparison

GB:THAL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GB:THAL	Thalassa Holdings	23.00	-4.50	-16.36%
GB:AST	Ascent Resources	0.41	-0.04	-7.78%
GB:GTC	Getech Group plc	4.15	2.15	107.50%
GB:POS	Plexus Holdings	2.85	-3.65	-56.15%
GB:RBD	Reabold Resources	58.00	13.00	28.89%
GB:UJO	Union Jack Oil	1.90	-1.35	-41.54%

Thalassa Holdings Corporate Events

Business Operations and StrategyFinancial Disclosures

Thalassa Holdings Posts Interim Loss and Warns on Market Risks

Negative

Sep 24, 2026

Thalassa Holdings reported a £0.36m loss after tax for the six months to 30 June 2026, compared with a small profit a year earlier, as book value per share fell to £0.51 and investment holdings declined to £9.0m. Cash balances also shrank to £0.1m, u...

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.

Date of analysis: Nov 09, 2026

Thalassa Holdings AI Stock Analysis