3 ASX Stocks Lower After FY26 Results: Here’s What Happened

Sonal Goyal

27 October 2026 04:27 PM AEDT

3 ASX Stocks Lower After FY26 Results: Here’s What Happened

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Key Highlights

Kyron Capital Group (ASX:KYN) traded at $0.017, down 10.53%. Funds management income was $27.1 million, against $47.1 million in FY25.
Thorney Technologies (ASX:TEK) traded at $0.09, down 10.00%. The loss after tax for FY26 was $16.41 million, against a loss of $4.66 million.
Eneco Refresh (ASX:ERG) traded at $0.016, down 15.79%. FY26 Revenue rose 6.8% to $17,730,760.

Shares in Kyron Capital Group (ASX:KYN), Thorney Technologies Ltd (ASX:TEK) and Eneco Refresh Ltd (ASX:ERG) were trading lower during the 27 October 2026 trading session: Kyron Capital Group at $0.017, down 10.53%; Thorney Technologies at $0.09, down 10.00%; Eneco Refresh at $0.016, down 15.79%. At the same time, the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Three companies that published FY26 results traded lower.

Kyron Capital Group (ASX:KYN)

Kyron Capital Group shares traded at $0.017, down 10.53%, during the session. Kyron Capital Group reported FY26 funds management income of $27.1 million, a core Earnings loss of $30.3 million and a completed $125.0 million recapitalisation.

Thorney Technologies Ltd (ASX:TEK)

Thorney Technologies shares traded at $0.09, down 10.00%, during the session. Thorney Technologies reported an FY26 loss after tax of $16.41 million and net tangible assets of 21.5 cents per share in its Appendix 4E.

Eneco Refresh Ltd (ASX:ERG)

Eneco Refresh shares traded at $0.016, down 15.79%, during the session. Eneco Refresh reported FY26 revenue of $17.7 million, up 6.8%, and profit of $446,491, its best result in five years, in its Appendix 4E.

Sector Context

The broader market was higher during the session, with the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Funds managers and listed Investment companies report earnings that depend on fund management income, investment valuations and funding costs.

Risks

Items noted in the companies’ materials include the group reported a larger core earnings loss and lower funds management income, and NTA per security attributable to ordinary Equity is negative after the $55.0 million perpetual notes; the result reflects losses on investment activities and a larger tax expense; the company noted volatile raw material and fuel costs and unpredictable Demand following the Middle East conflict.

What Lies Ahead

The documents point to the following next steps: for Kyron Capital Group, continued cost reductions, lower borrowing costs after the Recapitalisation and ongoing asset realisations; for Thorney Technologies, the full 2026 annual report, which contains the review of operations, prospects and business risks sections; for Eneco Refresh, The report states that the Board and management are committed to action plans to improve performance and that the Balance Sheet allows the company to seek potential Acquisition opportunities.

Closing View

KYN, TEK and ERG fell during the session. Their FY26 reports show differing profit outcomes.

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