Nanofilm Technologies - OCBC Group Research 2026-03-03: Look On The Bright Side

• NanoFilm (SGX:MZH) reported a 19.7% increase in FY25 revenue to S$244.6m –
  • The Advanced Materials Business Unit (AMBU) continued to be the heavy lifter, as revenue grew 20.2% to S$206.9m. Sustained demand was underpinned by a larger share of wallet from existing customers, new customer wins, and contributions from its European acquisitions.
  • - Read this at SGinvestors.io -
  • On the other hand, revenue from the Nanofabrication Business Unit (NFBU) nudged up 0.7% to S$18.2m, while Sydrogen revenue declined 9.8% to S$2.5m due to deferred orders.
• In terms of end markets, consumer and industrial revenue grew 17.8% and 25.8% to S$166.5m and S$75.5m, respectively.

FY25 basic earnings per share (EPS) missed expectation

• - Read this at SGinvestors.io -
• The company has declared a final dividend of 0.87 Singapore cents, which brings the total NanoFilm's dividends for the year to 1.20 Singapore cents (FY24: 0.66 Singapore cents).

Tempering management’s optimistic outlook.

• Read more at SGinvestors.io.

Ada Lim OCBC Group Research | https://www.iocbc.com/ 2026-03-03

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