Guardforce AI
NASDAQ: GFAI · Singapore

Cash logistics · AI · Robotics

Over 43 years of
secured logistics,
now adding AI.

Cash-in-transit, ATM management and cash processing for banks and retailers in Thailand, with AI and robotics added on top.

Figure 1Founded 1982 · Nasdaq: GFAI
1982CASH-IN-TRANSITFOUNDED2018HOLDING CO.FORMED2021AI CLOUDPLATFORM2026DVGO AI AGENTOPEN TO PUBLIC Dates as filed: 20-F.
Founded
1982 GF Cash (CIT), Thailand

Fig. 02 · Revenue, H1 2026

Revenue up 6.4%,
almost all from
secured logistics.

$18.3M vs $17.2M a year earlier (restated, unaudited). FY2025 revenue was $35.2M from continuing operations.

Figure 2One strap · $18.27M
AI & ROBOTICS 1.3%47.0%19.0%13.1%12.5%Cash-in-transit 47.0%ATM management 19.0%Cash processing 13.1%Smart Cash 12.5%Cash centres 6.9%AI & robotics 1.3%Other lines 0.04%. Grouped from filed lines.
H1 2026 revenue
$18.3M +6.4% · unaudited

Fig. 03 · Platform

An AI platform,
agents and robots
as a service.

The company’s three layers: its cloud platform, industry AI agents such as the DVGO travel agent, and robots sold or rented.

Figure 3Company description
01AI infrastructureIntelligent Cloud Platform (ICP)02Multi-agent systemIndustry-specialized AI agents03AI + RaaS ecosystemRobotics as a ServiceThree layers, as the company describes them.
Platform launched
2021 Cloud platform, ICP

Fig. 04 · Smart Cash, customers

Cash machines
growing. Bank deal
runs to 2028.

Government Savings Bank renewed its contract for three years, through May 31, 2028 (20-F).

Figure 4Smart Cash revenue · $
$3.9M2024 $4.4M2025 FULL YEAR · +13.9% $2.2MH1 2025 $2.3MH1 2026 H1 · +5.2%
Smart Cash, 2025
$4.4M +13.9% vs 2024
Read the Investor Overview
20-F (Apr 21, 2026), 6-K (Sep 23, 2026); H1 2026 unaudited. Forward-looking statements include revenue growth, Smart Cash Solution and AI & robotics adoption, and customer agreements. See SEC filings for risk factors. Not an offer to sell securities.