Mfec Public Co. Ltd. · SET:MFEC
Mfec Public — Q2 2026 Earnings Presentation
22 slides from Mfec Public's earnings presentation, Sep 1, 2026
Slide 1: Earnings Call (Opportunity Day) Q2/2026
1 Earnings Call (Opportunity Day) Q2/2026
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 OUR MOAT of Thailand x (SET) in 2003 • Almost 30 years trusted relationships with enterprise accounts End-to-end capability What we do Why now • (assess -> build -> run) Structural demand from Integrated IT transformation Cloud, IT Secu
Slide 5: MFEC Group
MFEC Group Investment for Strategic Investments Sustainable Stability through Joint Ventures by MFEC by SGV
Slide 6: Proportion of Net Profit
Proportion of Net Profit Investment 10% through SGV • Dividend 10% 15% Subsidiaries 15% MFEC 75% ปป • Dividend 75% • 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 Recurring revenue growth (enterprise stickiness) (own IP & platforms, reducing volatility) 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 Information as of 30 December 2025
Slide 10: Financial Performance
02 FINANCIAL PERFORMANCE Display MFEC Financial Performance in the previous quarter, with key impacts and business drivers
Slide 11: Financial Performance Summary Q2/2026
Financial Performance Summary Q2/2026 Quality Earnings — Delivered Net Profit +120.8% YoY despite Revenue -4.0% — margin-led growth from GP quality, cost discipline, and AI-driven efficiency REVENUE GROSS PROFIT EBIT NET PROFIT 1,630.5 MB 294.1 MB 100.4 MB 78.6 MB ▼ -4.0% YoY ▲ +26.3% YoY ▲ +95.7% Y
Slide 12: Financial Performance Summary 1H/2026
Financial Performance Summary 1H/2026 Quality Earnings — Delivered Net Profit +58.5% YoY on Revenue +0.4% — margin-led growth from GP quality, cost discipline, and AI-driven efficiency REVENUE GROSS PROFIT EBIT NET PROFIT 3,276.7 MB 572.8 MB 196.8 MB 152.0 MB ▲ +0.4% YoY ▲ +15.0% YoY ▲ +39.3% YoY ▲
Slide 13: Strong Net Profit Growth
Strong Net Profit Growth Net Profit +120.8% YoY — Where Did Growth Come From? Revenue declined 4.0% but net profit surged 120.8% — margin-led growth from GP quality, AI-driven cost discipline, and operating leverage Higher-Margin Project Mix NET PROFIT BRIDGE Q2/2025 → Q2/2026 (MB) New MA and IT pro
Slide 14: Group Backlog
Group Backlog 8,282 MB Group Backlog — Visibility Extending to 5 Years 60% recurring | Revenue already contracted and scheduled through 2028 and beyond TOTAL BACKLOG 2H/2026 LOCKED RECURRING 8,282 MB 3,515 MB 60% of backlog vs 8,153 end-2025 Plan revenue in 2H-26 ↑ from 59% at FY2025 Recurring vs No
Slide 15: Financial Position
Financial Position Debt-Free x Disciplined Balance Sheet Balance sheet stays debt-free with liabilities down 15.1% YTD — a THB 220.7M dividend payout in Q2 temporarily eased equity by 1.2%. DEBT-FREE SELF-FUNDED EQUITY 0 MB 137 MB -1.2% Short-term debt Operating cash flow (1H/2026) Shareholders' equ
Slide 16: Growth Target
Growth Target Aim: 15% Net Profit Growth Unit: Million THB 500 400 300 200 311 272 100 235 0 2024(A) 2025(A) 2026(T) 2027(T) 2028(T)
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 AI-Ready Enterprise AI Architecture Modernization Data Platform
Slide 19: AI Chaos
AI Chaos Everyone’s spending, MFEC sees clarity Invest few see ROI in the chaos where the gap is Market-wide AI investment, Identifying the efficiency Capital directed to real unclear returns gap early opportunity
Slide 20: Enterprise AI Delivery Framework
Enterprise AI Delivery Framework Forward Deployed Engineering (FDE) turning AI investment into measurable business value Architect Develop Govern Strategy & Design Build & Integrate AI Governance & Control Design AI-native architectures and workflows Build and integrate AI solutions into client Esta
Slide 21: Q&A
Q&A 2 3
Slide 22: Thank You
THANK YOU Please kindly scan to give us your feedback IR Contact investor@mfec.co.th