Top Glove managing director Lim Cheong Guan.
PETALING JAYA: Top Glove Corp Bhd
’s stock jumped by more than 15% in a single day after the glove manufacturer announced its first full-year net profit, after two straight years of losses.
Investors were also euphoric partly due to the fact that Top Glove has finally registered a profit for all four of its quarters in a single financial year since the Covid-19 pandemic hit in 2020.
The stock closed at 67 sen yesterday, up by nine sen from Wednesday.
However, the share price remains well below the year-to-date peak of RM1.36 apiece. In a statement, the glove manufacturer said for the fourth quarter ended Aug 31, 2025 (4Q25), it posted a higher revenue of RM889.62mil compared to the RM833.74mil for 4Q24.
Additionally, Top Glove registered a profit of RM38.56mil for the quarter under review, in contrast to the same quarter last year, where it posted a net loss of RM6.64mil.
For its full-year earnings ended Aug 31, 2025, the group posted a higher revenue of RM3.49bil with a profit of RM127.89mil.
The increases for both its quarterly and full-year results were due to stronger glove demand, which has continued to gain momentum this year.
“Enhanced cost management also enabled more competitive pricing, lifting sales volume, which in turn boosted utilisation rates to approximately 75% of running capacity in August 2025,” the group said.
The resulting operating leverage served to enhance cost efficiency, and favourable raw material prices helped cushion the impact of a weaker US dollar.
Furthermore, the group noted the gains were supported by ongoing initiatives to optimise quality and cost efficiency, thus enabling them to deliver a stronger set of results.
Managing director Lim Cheong Guan said the group capped off their financial year on a strong footing, for which he was pleased.
“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,” Lim said.
Top Glove declared a final dividend of 0.48 sen per share for financial year 2025 (FY25) amounting to RM38.5mil, which will be payable on Dec 15, 2025.
Meanwhile, the group also said it is poised to reinforce its global presence with a clear focus on increasing its market share in the United States by FY26.
“This strategic push will serve to mitigate the mounting competition in non US markets while reinforcing the group’s upward trajectory,” it said.
Despite heightened competition, labour shortages and the rising cost of doing business, Top Glove said it is able to overcome these pressures through robust quality and cost optimisation initiatives.
The group had also introduced a trio of next-generation glove products, which includes the industry’s most extensively tested chemotherapy nitrile gloves to date, halogen-free nitrile cleanroom gloves and biodegradable diamond sandblast nitrile gloves.
“These gloves address critical demands across healthcare, cleanroom and industrial sectors, reinforcing Top Glove’s commitment to global safety standards and environmental stewardship.”
