nForce Secure PCL (BKK:SECURE)

nForce Secure PCL Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	585.43	577.11	447.53	450.12	398.24	402.98
Short-Term Investments	15	15	-	-	-	-
Trading Asset Securities	16.19	16.1	15.79	20.45	25.15	34.96
Cash & Short-Term Investments	616.62	608.21	463.32	470.57	423.39	437.94
Cash Growth	12.13%	31.27%	-1.54%	11.14%	-3.32%	981.23%
Accounts Receivable	156.92	431.83	380.63	277.59	261.92	180.82
Other Receivables	8.23	1.39	1.67	0.38	0.19	0.23
Receivables	165.15	433.22	382.29	277.97	262.11	181.05
Inventory	41.9	36.04	37.82	41.05	13.88	35.14
Prepaid Expenses	2.45	-	2.27	1.23	1.85	1.59
Other Current Assets	10.59	3.39	3.01	1.44	5.24	0.54
Total Current Assets	836.71	1,081	888.71	792.26	706.47	656.26
Property, Plant & Equipment	39.96	28.93	29.38	42.07	42.08	23.22
Long-Term Investments	3.93	4.19	4.76	5.4	7.8	6.9
Other Intangible Assets	3.22	3.73	4.78	1.81	0.79	0.91
Long-Term Accounts Receivable	21.49	33.41	51.8	31.35	13.73	8.7
Long-Term Deferred Tax Assets	5.78	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	911.42	1,157	1,017	909.75	811.87	736.02

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	84.77	259.7	173.3	129.28	117.85	107.04
Accrued Expenses	6.23	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	7.09	5.29	-	-
Current Unearned Revenue	18.01	17.89	15.01	12.88	10.96	8.98
Other Current Liabilities	16.61	18.87	13.96	15.92	16.85	12.38
Total Current Liabilities	133.03	333.83	252.71	195.5	165.77	138.67
Long-Term Leases	25.25	14.51	10.01	16.47	17.26	8.13
Long-Term Unearned Revenue	18.4	20.6	18.08	12.79	7.03	5.35
Pension & Post-Retirement Benefits	18.63	17.09	13.01	12.3	9.76	9.83
Other Long-Term Liabilities	-	-	-	-	-	0.57
Total Liabilities	195.32	386.03	293.81	237.06	199.83	162.54

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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	181.74	236.93	189.07	139.36	79.13	41.23
Comprehensive Income & Other	16.1	15.92	15.61	15.08	14.66	13.98
Shareholders' Equity	716.1	771.11	722.94	672.69	612.04	573.47
Total Liabilities & Equity	911.42	1,157	1,017	909.75	811.87	736.02

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	32.67	18.83	16.47	22.68	22.44	10.63
Net Cash (Debt)	583.95	589.38	446.85	447.89	400.94	427.31
Net Cash Growth	10.61%	31.90%	-0.23%	11.71%	-6.17%	12028.24%
Net Cash Per Share	5.68	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	703.67	747.02	636	596.76	540.7	517.59
Book Value Per Share	6.97	7.51	7.04	6.55	5.96	5.58
Tangible Book Value	712.88	767.37	718.16	670.89	611.25	572.56
Tangible Book Value Per Share	6.94	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

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 2, 2026

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