Sporeshare
08-10

$Nordic(MR7.SI)$  

  1H2026 revenue grew 3% yoy to S$87.2 million, with higher contributions from both project

services and maintenance services, while gross margin expanded one percentage point to 23.6%

 Net cash position more than doubled from $4.1 million as at 31 December 2025 to S$10.2 million

as at 30 June 2026, supported by S$11.4 million in operating cash flow and the full repayment of two loan facilities

 Interim dividend rises 21% yoy from 0.8276 to 1.0008 Singapore cent per ordinary share, with

the dividend payout ratio maintained at 40% and an annualised dividend yield of 4.0%1 for 1H2026

 Record orderbook of S$254.3 million comprising 44% project services and 56% maintenance

services, including S$71.5 million contract wins to be delivered mainly over the next 36 months.

Business Outlook

As at 30 June 2026, the Group's outstanding orderbook grew to a record S$254.3 million, comprising S$111.3

million from the PS segment and S$143.0 million from the MS segment, including approximately S$71.5 million

in new contracts. The contract wins comprise S$12.8 million from the MS segment and S$58.6 million from the

PS segment. Deliveries for these orders are expected to be fulfilled mainly over the next 36 months, although

fulfilment remains subject to possible rescheduling, variation, or cancellation by customers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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