Thorney Technologies Ltd 2026 Annual Report
Key points
- Thorney Technologies reported a net loss after tax of $16.4 million for FY2026
- Net tangible asset backing per share decreased to 21.5 cents
- Portfolio simplification and capital management initiatives were key focus areas
- The company remains committed to identifying undervalued opportunities
- No dividends were declared for the financial year
Full summary
Thorney Technologies Ltd's 2026 Annual Report highlights a challenging financial year with a net loss after tax of $16.4 million, down from a $4.7 million loss in FY2025. The net tangible asset backing per share decreased to 21.5 cents from 25.4 cents. The company focused on portfolio simplification, reducing holdings to higher-conviction investments and releasing capital. Despite the loss, the company remains optimistic about future opportunities, particularly in technology and innovation sectors. Capital management initiatives, including share buybacks, continue to be a priority. The board is also reviewing investment performance and strategies to address the persistent discount to net tangible assets.
Guidance
Net loss after tax: $16.4 million for FY2026
Outlook
Thorney Technologies remains optimistic about future investment opportunities, particularly in technology and innovation sectors, despite the challenges faced in FY2026.
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