Nanofilm Technologies (MZH) Q3 2026 TU earnings summary

Executive summary

• 3Q2026 revenue rose 2% YoY to S$74m; 9M2026 revenue rose 4% to S$187m, with IEBU and NFBU growth partly offset by softer AMBU revenue.

• 3Q gross profit and EBITDA margins each expanded 5 percentage points YoY, to 45% and 32%, respectively.

Financial highlights

• 3Q2026 revenue was S$74m, up 2% YoY; 9M2026 revenue was S$187m, up 4% YoY.

• AMBU contributed 82% of 9M2026 revenue.

Outlook and guidance

• AM-Consumer’s functional coating project reached full capacity; new-substrate engineering targets 2027 mass production, with the segment expected to return to YoY growth in 2027.

• AM-Industrial expects growth across regions in General Industry, Semiconductor, PCB and light-metal micro-tools, Medical, Life Science, and Printing & Imaging.

• Rising AI demand may support further IEBU equipment orders; development targets AI-driven industries and next-generation manufacturing capabilities.

• NFBU is positioned to pursue smartphone and smartwatch opportunities using established capabilities.

• Sydrogen is diversifying into titanium electrode coatings, with industrial-customer deliveries scheduled to begin in 4Q2026; its first Singapore hydrogen pipeline-to-power system is being commissioned.