nForce Secure PCL Balance Sheet

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	525.08	447.53	450.12	398.24	402.98	40.5
Trading Asset Securities	16.05	15.79	20.45	25.15	34.96	-
Cash & Short-Term Investments	556.13	463.32	470.57	423.39	437.94	40.5
Cash Growth	16.09%	-1.54%	11.14%	-3.32%	981.23%	-4.06%
Accounts Receivable	271.93	380.63	277.59	261.92	180.82	95.74
Other Receivables	2.63	1.67	0.38	0.19	0.23	34.51
Receivables	274.56	382.29	277.97	262.11	181.05	130.25
Inventory	71.44	37.82	41.05	13.88	35.14	59.74
Prepaid Expenses	2.18	2.27	1.23	1.85	1.59	3.14
Other Current Assets	2.18	3.01	1.44	5.24	0.54	0.62
Total Current Assets	906.48	888.71	792.26	706.47	656.26	234.26
Property, Plant & Equipment	32	29.38	42.07	42.08	23.22	30.84
Long-Term Investments	4.26	4.76	5.4	7.8	6.9	-
Other Intangible Assets	4	4.78	1.81	0.79	0.91	1.04
Long-Term Accounts Receivable	50.66	51.8	31.35	13.73	8.7	-
Long-Term Deferred Tax Assets	5.11	5.29	4.84	3.93	2.11	2.88
Other Long-Term Assets	0.33	32.03	32.03	37.06	37.93	35.92
Total Assets	1,003	1,017	909.75	811.87	736.02	304.93
Accounts Payable	152.87	173.3	129.28	117.85	107.04	113.39
Accrued Expenses	10.73	32.05	25.92	14.94	7.77	7.4
Short-Term Debt	-	-	-	-	-	23.67
Current Portion of Leases	5.03	6.46	6.21	5.18	2.5	2.68
Current Income Taxes Payable	3.09	7.09	5.29	-	-	-
Current Unearned Revenue	17.15	15.01	12.88	10.96	8.98	6.63
Other Current Liabilities	26.57	18.8	15.92	16.85	12.38	11.59
Total Current Liabilities	215.45	252.71	195.5	165.77	138.67	165.35
Long-Term Leases	15.36	10.01	16.47	17.26	8.13	10.63
Long-Term Unearned Revenue	18.38	18.08	12.79	7.03	5.35	4.4
Pension & Post-Retirement Benefits	14.44	13.01	12.3	9.76	9.83	10.89
Other Long-Term Liabilities	-	-	-	-	0.57	-
Total Liabilities	263.63	293.81	237.06	199.83	162.54	191.27
Common Stock	51.37	51.37	51.37	51.37	51.37	37.5
Additional Paid-In Capital	466.89	466.89	466.89	466.89	466.89	48.53
Retained Earnings	205.16	189.07	139.36	79.13	41.23	14.21
Comprehensive Income & Other	15.8	15.61	15.08	14.66	13.98	13.42
Shareholders' Equity	739.21	722.94	672.69	612.04	573.47	113.66
Total Liabilities & Equity	1,003	1,017	909.75	811.87	736.02	304.93
Total Debt	20.4	16.47	22.68	22.44	10.63	36.98
Net Cash (Debt)	535.73	446.85	447.89	400.94	427.31	3.52
Net Cash Growth	16.21%	-0.23%	11.71%	-6.17%	12028.24%	-
Net Cash Per Share	5.21	4.35	4.36	3.89	4.78	0.05
Filing Date Shares Outstanding	102.74	102.74	102.74	102.74	102.74	75
Total Common Shares Outstanding	102.74	102.74	102.74	102.74	102.74	75
Working Capital	691.04	636	596.76	540.7	517.59	68.9
Book Value Per Share	7.19	7.04	6.55	5.96	5.58	1.52
Tangible Book Value	735.22	718.16	670.89	611.25	572.56	112.62
Tangible Book Value Per Share	7.16	6.99	6.53	5.95	5.57	1.50
Buildings	-	13.36	13.36	11.83	4.88	4.85
Machinery	-	80.22	78.89	72.16	54.5	51.59
Construction In Progress	-	-	-	-	0.45	-

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