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 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 & Equivalents	633.17	577.11	447.53	450.12	398.24	402.98
Short-Term Investments	15	15	-	-	-	-
Trading Asset Securities	16.14	16.1	15.79	20.45	25.15	34.96
Cash & Short-Term Investments	664.31	608.21	463.32	470.57	423.39	437.94
Cash Growth	34.73%	31.27%	-1.54%	11.14%	-3.32%	981.23%
Accounts Receivable	256.56	431.83	380.63	277.59	261.92	180.82
Other Receivables	-	1.39	1.67	0.38	0.19	0.23
Receivables	256.56	433.22	382.29	277.97	262.11	181.05
Inventory	55.31	36.04	37.82	41.05	13.88	35.14
Prepaid Expenses	-	-	2.27	1.23	1.85	1.59
Other Current Assets	12.39	3.39	3.01	1.44	5.24	0.54
Total Current Assets	988.57	1,081	888.71	792.26	706.47	656.26
Property, Plant & Equipment	42.77	28.93	29.38	42.07	42.08	23.22
Long-Term Investments	4.05	4.19	4.76	5.4	7.8	6.9
Other Intangible Assets	3.48	3.73	4.78	1.81	0.79	0.91
Long-Term Accounts Receivable	27.46	33.41	51.8	31.35	13.73	8.7
Long-Term Deferred Tax Assets	5.13	5.69	5.29	4.84	3.93	2.11
Other Long-Term Assets	0.33	0.33	32.03	32.03	37.06	37.93
Total Assets	1,072	1,157	1,017	909.75	811.87	736.02
Accounts Payable	164.86	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	7.42	4.32	6.46	6.21	5.18	2.5
Current Income Taxes Payable	4.01	4.01	7.09	5.29	-	-
Current Unearned Revenue	18.33	17.89	15.01	12.88	10.96	8.98
Other Current Liabilities	7.3	18.87	13.96	15.92	16.85	12.38
Total Current Liabilities	201.92	333.83	252.71	195.5	165.77	138.67
Long-Term Leases	26.76	14.51	10.01	16.47	17.26	8.13
Long-Term Unearned Revenue	19.45	20.6	18.08	12.79	7.03	5.35
Pension & Post-Retirement Benefits	17.86	17.09	13.01	12.3	9.76	9.83
Other Long-Term Liabilities	-	-	-	-	-	0.57
Total Liabilities	266	386.03	293.81	237.06	199.83	162.54
Common Stock	51.37	51.37	51.37	51.37	51.37	51.37
Additional Paid-In Capital	466.89	466.89	466.89	466.89	466.89	466.89
Retained Earnings	271.5	236.93	189.07	139.36	79.13	41.23
Comprehensive Income & Other	16.04	15.92	15.61	15.08	14.66	13.98
Shareholders' Equity	805.8	771.11	722.94	672.69	612.04	573.47
Total Liabilities & Equity	1,072	1,157	1,017	909.75	811.87	736.02
Total Debt	34.18	18.83	16.47	22.68	22.44	10.63
Net Cash (Debt)	630.13	589.38	446.85	447.89	400.94	427.31
Net Cash Growth	34.19%	31.90%	-0.23%	11.71%	-6.17%	12028.24%
Net Cash Per Share	6.17	5.74	4.35	4.36	3.89	4.78
Filing Date Shares Outstanding	102.74	102.74	102.74	102.74	102.74	102.74
Total Common Shares Outstanding	102.74	102.74	102.74	102.74	102.74	102.74
Working Capital	786.65	747.02	636	596.76	540.7	517.59
Book Value Per Share	7.84	7.51	7.04	6.55	5.96	5.58
Tangible Book Value	802.32	767.37	718.16	670.89	611.25	572.56
Tangible Book Value Per Share	7.81	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