Thorney Technologies (ASX:TEK) Shares Drop on the ASX: What’s Driving the Move?

Sonal Goyal

27 October 2026 04:27 PM AEDT

Thorney Technologies (ASX:TEK) Shares Drop on the ASX: What’s Driving the Move?

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Key Highlights

Thorney Technologies shares traded at $0.09, down 10.00%, during the 27 October 2026 trading session.
The loss after tax for FY26 was $16.41 million, against a loss of $4.66 million.
Net Tangible Asset backing was 21.5 cents per share, against 23.6 cents before tax a year earlier.

Shares in Thorney Technologies Ltd (ASX:TEK) were trading at $0.09, down 10.00%, during the 27 October 2026 trading session, while the S&P/ASX 200 index was at 8,852.80, up 0.49% (42.90 points), at 3:40 pm GMT+11. Thorney Technologies is an ASX-listed Investment company holding a portfolio of technology investments. The company’s most recent document in the materials reviewed is its Appendix 4E preliminary final report for the year ended 30 June 2026.

FY26 Results (Appendix 4E)

The Appendix 4E reported a loss from investment activities of $7.472 million against a profit of $2.823 million, a loss before tax of $9.709 million against a profit of $341,000 and a loss after tax of $16.410 million against a loss of $4.662 million. The movements are described as large in the report.

Net tangible asset backing before tax was 21.5 cents per share, against 23.6 cents, and after tax was 21.5 cents, against 25.4 cents.

Reporting Basis

The report is based on the 30 June 2026 Annual Report audited by Ernst & Young and should be read with the annual report and public announcements. The annual report contents list sections on the review of operations, financial position, prospects and material business risks.

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.

Thorney Technologies shares were trading at $0.09, down 10.00%, against a benchmark gain of 0.49%, a gap of 10.49 percentage points. The figures are session data recorded while the market was open and can change before the market finishes trading.

Risks

The result reflects losses on investment activities and a larger tax expense. Net tangible assets per share declined year on year.

What Lies Ahead

The report points to the full 2026 annual report, which contains the review of operations, prospects and business risks sections.

Wrapping Up

Thorney shares fell during the session. The latest preliminary report shows a larger loss and lower net tangible assets.

FAQs

Q: What was Thorney Technologies’ (ASX:TEK) FY26 loss after tax?

A:$16.410 million, against $4.662 million in FY25.

Q: What was NTA per share?

A:21.5 cents at 30 June 2026.

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