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An update from Nordic Group Limited ( (SG:MR7) ) is now available.
Nordic Group reported stable first-quarter 2026 revenue of S$41.8 million, marginally higher year-on-year, while net profit rose 11.1% to S$5.0 million as operating and net margins improved. Earnings growth lifted net asset value per share to 36.9 cents and further strengthened its net cash position to S$10.2 million on disciplined debt repayment and healthy operating cash flows.
The company’s order book expanded to S$213.5 million, underpinned by a notable increase in maintenance contracts that support recurring income and a robust 1.28 times book-to-bill ratio, reinforcing revenue visibility. Year-to-date contract wins of S$54.5 million were driven mainly by engineering solutions across semiconductor, petrochemical and marine markets, while a S$61 million marine sales pipeline positions Nordic to benefit from sector tailwinds over 2026 to 2028.
More about Nordic Group Limited
Nordic Group Limited is a Singapore-listed lifecycle engineering solutions provider serving marine and offshore, semiconductor, defence, petrochemical and infrastructure sectors. The group runs a dual-engine model, combining high-margin, innovation-driven turnkey engineering projects with long-term, recurring maintenance and support contracts across Asia, leveraging design-led capabilities transferable across multiple industries.
Average Trading Volume: 194,599
Technical Sentiment Signal: Buy
Current Market Cap: S$217.1M
For detailed information about MR7 stock, go to TipRanks’ Stock Analysis page.