Thorney Technologies Ltd (ASX:TEK)

Thorney Technologies Ltd’s Appendix 4E and 2026 Annual Report for the financial year ended 30 June 2026 reported a net loss after tax of $16.41 million, compared with a $4.66 million loss in FY2025, with loss from investment activities of $7.47 million and loss before tax of $9.71 million, while net tangible assets fell to $77.57 million and NTA backing declined to 21.5 cents per share before and after tax; the company said the result reflected mark-to-market portfolio changes, weaker contributions from holdings including Nexdius, Credit Clear, Yojee, Daisee and Worthy, and the derecognition of deferred tax assets, partially offset by stronger contributions from Vitrafy Life Sciences, DUG Technology, QuickFee, Mosh and Calix, alongside a strategy to simplify the portfolio into fewer higher-conviction investments and free capital through net sales of about $8.8 million; TEK continued on-market share buy-backs, repurchasing 17.0 million shares for $1.86 million at an average 10.95 cents per share, paid no dividend, ended the year with $6.95 million cash, total financial assets of $71.40 million including $28.98 million of Level 3 unlisted investments, and noted ongoing concern over the persistent discount of its share price to NTA, with the board and manager reviewing performance and discount issues after the investment management agreement was extended to 16 December 2030; the audited report, signed 28 August 2026, also notes no events subsequent to balance date and outlines TEK’s continued focus on technology and innovation investments across listed and unlisted markets.