Nanofilm Technologies - DBS Research 2026-02-27: Orders Steady, Acceleration Pending

• NanoFilm (SGX:MZH)'s FY25 earnings came in above expectations, supported by strengthening operating leverage. Revenue rose 19.7% y-o-y to S$244.6mil, driven by sustained demand in Advanced Materials (AMBU) and a sharp recovery in Industrial Equipment (IEBU) deliveries, even as profitability absorbed temporary cost pressures related to new product ramp-ups.
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Margins improved progressively.

• Gross profit margin moderated to 36.2% in FY25 from 37.1% in FY24, reflecting higher interim manpower costs during ramp-up phases. However, as projects stabilised and execution improved, margins strengthened h-o-h meaningfully in 2H25 to 38.9%, compared with 32.6% in 1H25, signals improved utilisation and a more normalised cost structure.
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• A higher final dividend of 0.87 cents was proposed, bringing full-year NanoFilm's dividends to 1.20 cents versus 0.66 cents in FY24.

Outlook remains positive, but execution will be key to sustaining momentum.

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Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.

Read also DBS's most recent report:
2026-04-23 Nanofilm Technologies - Stronger Margins, Improving Profitability.

Price targets by other brokers at NanoFilm Target Prices.

Listing of research reports at NanoFilm Analyst Reports.

Relevant links:
NanoFilm Share Price History,
NanoFilm Announcements,
NanoFilm Dividend Payout Dates & Corporate Actions,
NanoFilm News