Top Glove managing director Lim Cheong Guan
KUALA LUMPUR: Top Glove Bhd posted a positive performance in the first quarter of its financial year ended Nov 30, 2025 (1QFY26), on the back of robust sales volume growth across its key markets.
According to the glove maker, quarterly net profit leapt to RM38.58mil as compared to RM5.47mil a year ago, bringing earnings per share to 0.48 sen against 0.07 sen previously.
Despite a 17% increase in sales volume, the group said quarterly revenue dipped to RM883.58mil from RM885.89mil in the year-ago quarter, due to the lower average selling prices in line with declining raw material costs as well as the stronger ringgit against the US dollar.
"However, higher plant utilisation contributed to improved cost efficiency and economies of scale.
"This was further supported by ongoing quality enhancement and cost optimisation measures, strategic marketing initiatives alongside organisational realignment efforts which helped to lower costs and improve efficiency," it said in its results announcement.
Top Glove said it shared part of the cost savings from lower raw material prices with customers, while foreign exchange impacts were offset by the lower raw material costs and the forward hedging of US dollar requirements.
Top Glove managing director Lim Cheong Guan said the strong start to FY26 builds on the sustained momentum from the previous year, and marks the restoration of earnings before interest, taxes, depreciation and amortisation (Ebitda) margins to pre-pandemic levels.
"Our vastly improved performance is testament to our unwavering focus on optimising quality and cost efficiency, while meeting our customers’ needs even as glove demand continues to recover steadily," he said.
Moving forward, he said the group will continue to reactivate more production lines as lead times and utilisation increase, while maintaining its focus on driving operational excellence through quality and cost optimisation initiatives.
He added that active foreign exchange hedging and prudent financial management will further strengthen its resilience, ensuring the group is well positioned to sustain its upward momentum and deliver long-term value.
