NanoFilm’s 1H25 revenue grew 29.6% y-o-y to S$107.2m. This constituted 48.5% of our initial full year forecast, coming in ahead of our expectations given that the first half of the year tends to be seasonally weaker for the company.
Top line growth driven by AMBU ad IEBU
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Within AMBU, the Consumer segment grew strongly by 35% on higher demand; revenue from the Industrial segment increased 23% y-o-y, supported by inaugural contributions from Europ Coating Group; and the Automotive segment grew by a marginal 2% y-o-y.
The Nanofabrication Business Unit (NFBU) grew 9.5% y-o-y, while revenue contribution from Sydrogen approximately doubled with continued adoption of its solutions.
Bottom line turned profitable.
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1H25 PATMI returned to black at S$1.6m as compared to a loss of S$3.7m in 1H24.
Optimism to maintain growth accross business units in 2H25.
Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
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