Mfec Public Co. Ltd. · SET:MFEC
Mfec Public — FY2025 Earnings Presentation
21 slides from Mfec Public's earnings presentation, March 2026
Slide 1: Opportunity Day Presentation FY/2025
1 OPPORTUNITY DAY PRESENTATION FY/2025
Slide 2: Agenda
MFEC AT A GLANCE Agenda FINANCIAL PERFORMANCE OUTLOOK AND BEYOND
Slide 3: MFEC at a Glance
01 MFEC AT A GLANCE Business Overview of MFEC Public Company Limited on the Company structure, Strategic Focus
Slide 4: Executive Summary
Executive Summary Inception since 1997 Listed in Stock Exchange of Thailand x (SET) in OUR MOAT 2003 • Almost 30 years trusted relationships with enterprise accounts What we do Why now • End-to-end capability (assess -> build -> run) Integrated IT transformation Structural demand partner for Thai en
Slide 5: Investment for Sustainable Stability by MFEC Group
MFEC Group Investment for Sustainable Strategic Investments through Stability by MFEC Joint Ventures by SGV
Slide 6: Proportion of Net Profit
Proportion of Net Profit Investment 10% through SGV • Dividend 10% 10% Subsidiaries 10% MFEC 80% ปป • Dividend 80% • Consolidation
Slide 7: Our Market Position
Our Market Position Global Tech Vendor Enterprise Customers Integration Customization ปป Maintenance Managed Services MFEC Own IP
Slide 8: Our Strengths
Our Strengths Resilient revenue Shift to managed services (enterprise stickiness) and own IP/Platforms (recurring) Disciplined capital Governance-first allocation culture (selective growth) (transparency & internal control)
Slide 9: Corporate Governance & Sustainability
Corporate Governance & Sustainability AGM Checklist CAC Change Agent CGR Score SET ESG Rating 100/100 Outstanding Achieved 7th Consecutive Year Rating AAA 2nd Consecutive Year CAC Change Agent Excellence One of 7 Tech with status Highest Sustainability
Slide 10: Financial Performance
02 FINANCIAL PERFORMANCE Display MFEC Financial Performance in the previous quarter, with key impacts and business drivers
Slide 11: 2025 Key Achievements
2025 Key Achievements Business’s Performance Shareholder’s Return Net Profit FY2025 Profit derived from: MFEC 202.2 MB Net Profit 234.8 MB or THB 0.53/ share 234.8 MB Investment 57.0 MB One-off items -24.4 MB Dividend Payment 220.7 MB or THB 0.50/ share Revenue Normalized Net Profit 6,882 MB +19.8%
Slide 12: Financial Performance
Financial Performance Revenue Unit: Million THB Gross Profit Unit: Million THB Core business growth driven by margin improvement and project scale ↑ 4.9% Q-o-Q ↑ 19.3% Q-o-Q MFEC delivered solid growth in both ↑ 7.4% Y-o-Y ↑ 2.1% YTD ↑ 25.1% Y-o-Y ↑ 7.4% YTD revenue and profitability, reflecting the
Slide 13: MFEC Consolidate Performance
MFEC Consolidate Performance Underlying earnings growth despite one-off adjustments While reported net profit declined to THB 234.8 million in 2025, primarily due to one-off items, the Company’s core profitability improved significantly. Excluding non-recurring items, net profit increased 19.8% YoY
Slide 14: Group Backlog
Group Backlog Ratio of Recurring Income Consolidated Backlog Unit: Million THB 8,153 MB Non-recurring 4,000 Revenue Recognition Plan 3,500 41% 3,000 8,153 MB 2,500 59% 2,000 3,647.2 1,500 2,960.9 Recurring 1,000 1,545.1 500 0 Year 2026 Year 2027 Year 2028 and after *As of 30 December 2025
Slide 15: Growth Target
Growth Target Aim: 15% Net Profit Growth Unit: Million THB 500 400 300 200 272 100 235 0 2024(A) 2025(A) 2026(T) 2027(T) 2028(T)
Slide 16: Financial Positions
Financial Positions Cash Net Cashflows from operation Strengthened Liquidity and Significantly Lower Leverage 615.74 949.75 The Company’s financial position improved significantly in 2025. Cash increased from THB 199m to THB 616m, supported 552.5 by strong operating cash flows which rose from THB 55
Slide 17: Outlook and Beyond
03 OUTLOOK AND BEYOND Outlining the outlook for next year including growth target and additional projects
Slide 18: Market Tailwinds
Market Tailwinds 1 2 3 4 Zero Trust Legacy Core System Data Platform + Enterprise AI Architecture Modernization Analytics
Slide 19: Outlook & Beyond
Outlook & Beyond Premium Services AI-Driven Organization Expand Horizon Co-Creation Business • Shift toward higher-value and • Redesign job roles to align • Expand workshops, showcases, and proactive • Build new growth opportunities more differentiated services. with AI adoption across the go-to-mar
Slide 20: Q&A
Q&A 2 0
Slide 21: Thank You
THANK YOU Please kindly scan to give us your feedback IR Contact investor@mfec.co.th