Thalassa Holdings (THAL) AI Stock Analysis

Thalassa Holdings

(LSE:THAL)

Select Model

Rating:46Neutral

Price Target:GBX 23.00▲(0.00% Upside)

Action:upgraded

Date:08/09/26

Driven primarily by weak financial performance with declining revenues, persistent losses, and negative cash flows; neutral technical indicators provide some stability, but negative P/E undermines valuation.

Positive Factors

Conservative Capital StructureA very low debt-to-equity profile and large equity cushion give the company financial optionality despite recurring losses. Over a 2–6 month horizon this conservative capital structure supports resilience to cyclical oil & gas demand swings, financing flexibility, and time to execute turnaround measures without immediate refinancing pressure.

Negative Factors

Persistent Net LossesSustained, large net losses and deeply negative margins erode intrinsic value and limit reinvestment capacity. Over a 2–6 month horizon continued operating losses will drain equity, hinder hiring or business development, and make it difficult to demonstrate a durable turnaround without new revenue sources or capital injections.

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

Market Cap: GBP 3.83M
Dividend Yield: ―
Average Volume (3M): 2,294
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 challenges including negative revenue in 2024, consistently negative gross profits, deep losses, declining assets, and persistent negative cash flows indicate poor financial health and operational inefficiency.

Income Statement

15Very Negative

Balance Sheet

35Negative

Cash Flow

20Very Negative

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 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 4.58M	-0.90	-27.03%	―	-73.26%	-370.18%
GB:GTC	47Neutral	GBP 6.50M	-212.50	-0.65%	―	15.94%	98.21%
GB:THAL	46Neutral	GBP 3.83M	-2.21	-20.05%	―	-59.32%	33.59%
GB:AST	43Neutral	GBP 3.88M	-0.36	644.44%	―	―	―
GB:RBD	40Underperform	GBP 9.14M	-0.90	-22.10%	―	―	-150.68%
GB:UJO	37Underperform	GBP 2.67M	-0.31	-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	-6.00	-20.69%
GB:AST	Ascent Resources	0.41	-0.04	-7.78%
GB:GTC	Getech Group plc	4.25	2.00	88.89%
GB:POS	Plexus Holdings	2.65	-4.73	-64.09%
GB:RBD	Reabold Resources	63.00	15.50	32.63%
GB:UJO	Union Jack Oil	1.82	-2.13	-53.80%

Thalassa Holdings Corporate Events

Shareholder Meetings

Thalassa Holdings Secures Shareholder Backing at 2026 AGM

Positive

Jun 17, 2026

Thalassa Holdings reported that all resolutions proposed at its 17 June 2026 Annual General Meeting were approved by shareholders. Four resolutions received unanimous support, while a fifth resolution passed with a smaller, though still clear, majori...

Executive/Board ChangesShareholder Meetings

Thalassa Holdings Sets June Date for AGM and Director Re-Elections

Neutral

May 14, 2026

Thalassa Holdings has called its annual general meeting for 17 June 2026 in Eze, France, where shareholders will review the company’s financial statements for the year ended 31 December 2025 and appoint auditors for the 2026 financial year. Inv...

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: Aug 09, 2026

Thalassa Holdings AI Stock Analysis