KUALA LUMPUR: A growing demand for latex gloves boosted Top Glove Corp Bhd
's earnings in FY25 ended Aug 31, 2025, with the final quarter putting a bow on a much-anticipated turnaround from losses in the previous year.
In the fourth quarter, the glove maker said it registered a net profit of RM38.56mil from a a net loss of RM6.64mil in the year-ago quarter. Earnings per share rose to 0.48 sen from a loss per share of 0.08 sen previously.
Quarterly revenue rose to RM889.62mil from RM833.74mil in 4QFY24. According to the group, sales volume rose 30% compared with the corresponding final quarter of FY24.
Cumulatively, the group recorded a net profit of RM109.07mil in FY25, as compared to a net loss of RM64.88mil in the previous year. Annual revenue climbed to RM3.49bil from RM2.51bil in FY24.
Top Glove said in a statement that sales volume was lifted by enhanced cost management, which enabled more competitive pricing.
This in turn boosted the utilisation rate to about 75% of running capacity in August 2025.
"The resulting operating leverage served to enhance cost efficiency, while favourable raw material prices helped cushion the impact of a weaker US dollar.
"These gains were supported by ongoing initiatives to optimise quality and cost efficiency, enabling the group to deliver a stronger set of results," it said in its results announcement.
Top Glove reported raw material prices had declined quarter on quarter, with average natural latex concentrate prices trending downward by 14%, while average nitrile latex prices fell 10%.
"We are pleased to have delivered another profitable quarter, capping off our financial year 2025 on strong footing.
"Our strengthened performance was achieved through disciplined execution of strategic quality and cost efficiency initiatives, with the unwavering support of our people. These provided a firm foundation which positioned Top Glove to benefit from the recovery in glove demand, while driving long term growth,” said managing director Lim Cheong Guan.
Executive chairman Tan Sri Lim Wee Chai added that the group's improved cost structure better prepares it to take on competition from foreign players that will be operating from Asean countries, where a more level playing field is expected.
"Supported by our ongoing quality and cost efficiency initiatives, the group is well placed to build on the progress of FY2025, steadily reestablish its industry influence, and deliver sustainable growth in FY2026 and beyond,” he said.
The board of directors declared a final dividend of 0.48 sen per share, with ex-date on Nov 24, 2025, and payment date on Dec 15, 2025.
