Revenue is within expectation, but EBITDA margin beat our expectation – NanoFilm (SGX:MZH) reported 1Q26 revenue of S$55m (+24% y-o-y). This is within expectation at 20% of our full-year estimate. However, EBITDA margin of 26% beat our expectation of 19% as margins improved on the back of higher revenue and better cost control.
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All key business units delivered revenue growth.
NanoFilm’s largest segment, the advanced material business unit (AMBU), recorded a 24% y-o-y revenue growth and contributed 89% of revenue in 1Q26.
Revenue of the nanofabrication business unit (NFBU) grew 20% y-o-y, while that of the industrial equipment business unit (IEBU) surged 52% y-o-y.
Target growth across key segments.
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For the IEBU segment, NanoFilm expects strong momentum and positive outlook across core markets, with ongoing growth in photonics and new energy.
For the NFBU segment, NanoFilm is targeting double-digit growth in 2026, driven by new 3C health sensing and flash lens projects, while expanding application focus to automotive, smart eyewear, AI data centres, and robotics.
Nanofilm’s key strategic focuses include:
Advancing targeted sales initiatives and promoting its suite of solutions to both international and local customers;
Maintaining disciplined cost control; and
Adopting a selective approach to capex, particularly in equipment investments.
Earnings Revision
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Above is an excerpt from a report by UOB Kay Hian Research. Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
