Next Capital PCL (BKK:NCAP)

Thailand · Delayed Price · Currency is THB

3.100

+0.080 (2.65%)

Jul 24, 2026, 4:35 PM ICT

Next Capital PCL Financials Overview

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,268	1,200	797.94	827.6	888.42	711.24
Revenue Growth	37.58%	50.40%	-3.58%	-6.85%	24.91%	45.56%
Operating Income	741.17	684.97	311.18	338.44	224.81	393.42
Net Income	600.19	555.24	239.69	259.84	164.89	310.95
Earnings Per Share	0.44	0.41	0.18	0.19	0.14	0.35
EPS Growth	73.73%	131.65%	-7.75%	33.84%	-58.38%	10.88%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	79.29	356.49	118.06	340.69	525.64	75.04
Total Debt	5,063	5,238	5,156	5,288	3,842	3,379
Net Cash (Debt)	-4,984	-4,882	-5,038	-4,947	-3,317	-3,304
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.69	-3.62	-3.73	-3.66	-2.89	-3.67

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	177.3	212.99	-60.16	-1,565	-2,025	-1,188
Capital Expenditures	-10.14	-9.26	-2.81	-2.86	-5.48	-8.55
Free Cash Flow	167.16	203.74	-62.97	-1,568	-2,031	-1,196
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Margin	58.43%	57.08%	39.00%	40.89%	25.30%	55.31%
Pretax Margin	58.79%	57.48%	37.71%	39.13%	23.60%	54.75%
Profit Margin	47.32%	46.27%	30.04%	31.40%	18.56%	43.72%
FCF Margin	13.18%	16.98%	-7.89%	-189.47%	-228.58%	-168.17%

Dividends

Fiscal Year	Current	FY 2025	FY 2024
Period Ending	Jul '26 Jul 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Dividend Per Share	0.041	0.041	0.022
Dividend Per Share Growth	0%	85.14%	-
Dividend Yield	1.36%	1.40%	1.57%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	6.97	7.25	8.22	13.72	26.04	28.80
Forward PE	-	13.73	13.73	13.73	22.32	23.69
P/FCF Ratio	25.04	19.75	-	-	-	-
PS Ratio	3.30	3.35	2.47	4.31	4.83	12.59