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Nanofilm reports ebitda growth of 34% q-o-q in 3QFY2024

Ashley Lo
Ashley Lo • 2 min read
Nanofilm reports ebitda growth of 34% q-o-q in 3QFY2024
For 3QFY2024, the group recorded a revenue of $60 million, up by 10% y-o-y and 38% q-o-q. Photo: Nanofilm Technologies
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Nanofilm Technologies has reported an ebitda margin of above 28% in 3QFY2024 ended September, up from 19% recorded in 1HFY2024. Similarly, ebitda also saw a 34% q-o-q growth and 17% y-o-y growth within the same period. 

For 3QFY2024, the group recorded a revenue of $60 million, up by 10% y-o-y and 38% q-o-q. This came on the back of stronger performance in the consumer business segments of the group’s advanced materials business unit (AMBU) and nanofabrication business unit (NFBU). 

For the same period, AMBU saw an 11% y-o-y increase in revenue, which was driven by its computer, communications, and consumer electronics (3C) segment. The segment saw an 11% y-o-y increase to $37 million, while the group’s industrial and automotive segment within AMBU saw a 10% y-o-y increase to $12 million. 

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