, Singapore
Logo from Nanofilm Technologies

Nanofilm’s revenue dips 3.8% YoY to $237.4m in FY22

The company attributed the decline to four factors.

SGX-listed Nanofilm Technologies International Limited (Nanofilm) saw a 3.8% YoY decline in its revenue for the financial year 2022 (FY22).

In FY22, Nanofilm reported revenue of $237.4m.

With the decrease in revenue, Nanofilm’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), profit after tax (PAT), and PAT attributable to equity holders (PATMI) for FY22 also declined.

EBITDA, PAT, and PATM decreased 15.9% YoY to $80.5m, 30.8% YoY to $43.3m, and 29.6% YoY to $43.8m, respectively. 

Nanofilm attributed the decline in its revenue and PATMI to four factors:

  1. Challenging operating environment resulting from macro headwinds, supply chain disruptions, and customers’ capital investment slowdown;
  2. Increased operating expenses arising mainly from increased manpower expense due to higher headcount, as well as higher depreciation expense due to capital investments made to position Nanofilm for future growth. And certain costs, considered investments for future growth, could not be reduced in tandem with the fall in revenues;
  3. Operational disruptions faced by a key FATP (final assembly, test & pack) supplier to a key customer of the Group in the fourth quarter of 2022 due to Covid-19 restrictions which negatively impacted the Group’s supply for a key product of the key customer;
  4. China’s reopening in December 2022 which resulted in a spike of infections that caused disruptions to the Group’s operations; and

Given the latest figures, the company proposed a final dividend of $0.011, subject to shareholders’ approval at the upcoming Annual General Meeting. 

With the proposed final dividend, the total dividend for FY2022 is $0.022, which is approximately 33% of the net profit attributable to equity holders for FY2022. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.
Lendela on why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.