Nanofilm Technologies (MZH) Q1 2025 earnings summary

Executive summary

• Revenue for 1Q2025 reached S$44 million, up 12% year-over-year, demonstrating resilience amid challenging market conditions.

• Growth driven by strong performance in AMBU and NFBU, with AMBU up 11% YoY and NFBU up 49% YoY; IEBU contracted 24% YoY due to timing of equipment deliveries.

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

• Diversified business portfolio and global footprint supported steady growth and operational agility.

Financial highlights

• Group revenue for 1Q2025 was S$44 million, up 12% year-over-year.

• Gross profit margin exceeded 27% in 1Q2025, down from 33% in 1Q2024, mainly due to softer IEBU contribution.

• AMBU contributed 89% of group revenue, with 3C up 6% YoY, Automotive up 15% YoY, and Other Industrial segments up 34% YoY.

• Sydrogen posted 158% YoY growth, albeit from a smaller base.

Outlook and guidance

• Focus on operationalizing global footprint to enhance customer proximity, supply chain resilience, and commercial agility.

• Continued emphasis on technology differentiation, scalable platforms, and sustainability-led innovation in new energy applications.

• Diversified industry exposure, geographic presence, and minimal direct U.S. trade underpin resilience to tariff risks.