Nanofilm Technologies (MZH) investor relations material

Executive summary

• Group revenue for 1Q2026 reached S$55m, up 24% year-over-year, led by Advanced Materials Consumer segment and growth across all major business units.

• AMBU remained the largest contributor, accounting for 89% of total revenue.

• Margins improved due to higher revenue and disciplined cost control, with OPEX increasing but OPEX-to-revenue ratio declining.

• Strategic focus on targeted sales initiatives, portfolio expansion, and selective CAPEX investments.

Financial highlights

• Gross profit margin improved to 39% from 27% in 1Q2025.

• EBITDA margin increased to 26% from 12% YoY.

• AMBU revenue grew 24% YoY; AMC within AMBU grew 32% YoY to S$34m; AMI grew 9% YoY to S$15m.

• IEBU and NFBU grew 52% and 20% YoY, respectively; Sydrogen contracted 8%.

• OPEX increased with revenue, but as a percentage of revenue declined.

Outlook and guidance

• AMC aims for continued growth through technical development, deeper market penetration, and expansion into larger components.

• AMI targets double-digit growth, with steady automotive and semiconductor demand.

• NFBU anticipates double-digit growth, expanding into new 3C, automotive, AI data center, health sensing, and smart eyewear applications.

• IEBU projects sustained momentum in photonics, new energy, and machining solutions for consumer electronics.

• Sydrogen focuses on cost control, global expansion, and positioning as a leading bipolar plate supplier.