nForce Secure PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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 & Equivalents	577.11	447.53	450.12	398.24	402.98
Short-Term Investments	15	-	-	-	-
Trading Asset Securities	16.1	15.79	20.45	25.15	34.96
Cash & Short-Term Investments	608.21	463.32	470.57	423.39	437.94
Cash Growth	31.27%	-1.54%	11.14%	-3.32%	981.23%
Accounts Receivable	431.83	380.63	277.59	261.92	180.82
Other Receivables	1.39	1.67	0.38	0.19	0.23
Receivables	433.22	382.29	277.97	262.11	181.05
Inventory	36.04	37.82	41.05	13.88	35.14
Prepaid Expenses	-	2.27	1.23	1.85	1.59
Other Current Assets	3.39	3.01	1.44	5.24	0.54
Total Current Assets	1,081	888.71	792.26	706.47	656.26
Property, Plant & Equipment	28.93	29.38	42.07	42.08	23.22
Long-Term Investments	4.19	4.76	5.4	7.8	6.9
Other Intangible Assets	3.73	4.78	1.81	0.79	0.91
Long-Term Accounts Receivable	33.41	51.8	31.35	13.73	8.7
Long-Term Deferred Tax Assets	5.69	5.29	4.84	3.93	2.11
Other Long-Term Assets	0.33	32.03	32.03	37.06	37.93
Total Assets	1,157	1,017	909.75	811.87	736.02
Accounts Payable	259.7	173.3	129.28	117.85	107.04
Accrued Expenses	29.05	36.89	25.92	14.94	7.77
Current Portion of Leases	4.32	6.46	6.21	5.18	2.5
Current Income Taxes Payable	4.01	7.09	5.29	-	-
Current Unearned Revenue	17.89	15.01	12.88	10.96	8.98
Other Current Liabilities	18.87	13.96	15.92	16.85	12.38
Total Current Liabilities	333.83	252.71	195.5	165.77	138.67
Long-Term Leases	14.51	10.01	16.47	17.26	8.13
Long-Term Unearned Revenue	20.6	18.08	12.79	7.03	5.35
Pension & Post-Retirement Benefits	17.09	13.01	12.3	9.76	9.83
Other Long-Term Liabilities	-	-	-	-	0.57
Total Liabilities	386.03	293.81	237.06	199.83	162.54
Common Stock	51.37	51.37	51.37	51.37	51.37
Additional Paid-In Capital	466.89	466.89	466.89	466.89	466.89
Retained Earnings	236.93	189.07	139.36	79.13	41.23
Comprehensive Income & Other	15.92	15.61	15.08	14.66	13.98
Shareholders' Equity	771.11	722.94	672.69	612.04	573.47
Total Liabilities & Equity	1,157	1,017	909.75	811.87	736.02
Total Debt	18.83	16.47	22.68	22.44	10.63
Net Cash (Debt)	589.38	446.85	447.89	400.94	427.31
Net Cash Growth	31.90%	-0.23%	11.71%	-6.17%	12028.24%
Net Cash Per Share	5.74	4.35	4.36	3.89	4.78
Filing Date Shares Outstanding	102.74	102.74	102.74	102.74	102.74
Total Common Shares Outstanding	102.74	102.74	102.74	102.74	102.74
Working Capital	747.02	636	596.76	540.7	517.59
Book Value Per Share	7.51	7.04	6.55	5.96	5.58
Tangible Book Value	767.37	718.16	670.89	611.25	572.56
Tangible Book Value Per Share	7.47	6.99	6.53	5.95	5.57
Buildings	13.42	13.36	13.36	11.83	4.88
Machinery	84.4	80.22	78.89	72.16	54.5
Construction In Progress	0.07	-	-	-	0.45

Source: S&P Global Market Intelligence. Standard template. Financial Sources.