Financials nForce Secure Thailand S.E.

Stocks

End-of-day quote Thailand S.E. 13/11/2026			5-day change	1st Jan Change
12.50 ^THB	-6.72%		0.00%	-

11-12	NForce Secure Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026	CI
08-17	NForce Secure Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	823.4	893.9	1,066	1,238	1,303	1,127	1,232
Change	-	8.56%	19.25%	16.13%	5.24%	-13.5%	9.32%
EBITDA ¹	86.04	82.66	133.3	-	162.7	131	164
Change	-	-3.93%	61.22%	-	-	-19.5%	25.19%
EBIT	73.99	-	-	133.8	148.3	-	-
Change	-	-	-	-	10.9%	-	-
Interest Paid	-1.413	-	-	-0.7804	-1.11	-	-
Earnings before Tax (EBT)	73.46	-	-	144.7	152.9	-	-
Change	-	-	-	-	5.64%	-	-
Net income ¹	61.11	55.06	91.77	115.6	121.5	91	116
Change	-	-9.9%	66.66%	25.97%	5.12%	-25.11%	27.47%
Announcement Date	28/2/22	22/2/23	29/2/24	27/2/25	26/2/26	-	-

¹THB in Million

Estimates

Fiscal Period: December	2023 Q1	2023 Q2	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q4
Net sales	-	261.2	345	-	262	409.1	292.9	-
Change	-	-	32.07%	-	-	56.15%	-28.41%	-
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	-	26.65	42.78	-	26.28	49.63	32.15	44.84
Change	-	-	60.55%	-	-	88.86%	-35.22%	39.5%
Charge d'intérêts	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	29.31	50.97	-	12.79	58.93	36.97	42.22
Change	-	-	73.91%	-	-	360.89%	-37.26%	14.19%
Net income	27.22	23.72	40.88	17.53	10.34	46.85	29.13	-
Change	-	-12.85%	72.35%	-57.11%	-41.02%	353.07%	-37.82%	-
Announcement Date	11/5/23	11/8/23	15/5/24	14/8/24	14/11/24	27/2/25	15/5/25	26/2/26

¹THB in Million

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net Debt	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Announcement Date	28/2/22	22/2/23	29/2/24	27/2/25	26/2/26	-	-

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025
CAPEX ¹	8.543	3.628	15.13	6.98	1.34	4.301
Change	-	-57.53%	317.02%	-53.87%	-80.8%	220.92%
Free Cash Flow (FCF) ¹	75.57	26.06	-7.28	65	50.53	138.5
Change	-	-65.52%	-127.93%	992.95%	-22.26%	174.02%
Announcement Date	30/6/21	28/2/22	22/2/23	29/2/24	27/2/25	26/2/26

¹THB in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	10.45%	9.25%	12.5%	-	12.49%	11.62%	13.31%
EBIT Margin (%)	-	8.99%	-	-	10.81%	11.39%	-	-
EBT Margin (%)	-	8.92%	-	-	11.69%	11.73%	-	-
Net margin (%)	-	7.42%	6.16%	8.61%	9.34%	9.33%	8.07%	9.42%
FCF margin (%)	-	-0.85%	-	-	4.91%	15.09%	-	-
FCF / Net Income (%)	-	-11.43%	-	-	52.55%	161.74%	-	-
Profitability
ROA	7.32%	8.88%	4.62%	8.03%	8.68%	8.53%	-	-
ROE	22.88%	17.79%	9.29%	14.29%	16.57%	16.27%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	0.44%	-	-	0.11%	0.33%	-	-
CAPEX / EBITDA (%)	-	4.22%	-	-	-	2.64%	-	-
CAPEX / FCF (%)	-	-51.96%	-	-	2.21%	2.19%	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	0.18	0.3	0.3	0.9	1	0.75	0.96
Change	-	-	66.67%	0%	200%	11.11%	-25%	28%
Book Value Per Share ¹	-	5.413	-	-	-	7.505	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-	0.68	0.53	0.89	1.13	1.18	0.88	1.13
Change	-	-	-22.06%	67.92%	26.97%	4.42%	-25.42%	28.41%
Nbr of stocks (in thousands)	-	102,741	102,741	102,741	102,741	102,741	102,741	102,741
Announcement Date	-	28/2/22	22/2/23	29/2/24	27/2/25	26/2/26	-	-