KUALA LUMPUR: Top Glove Corporation Bhd
said nitrile latex supply had stabilised as at June 2026, providing greater visibility on raw material availability amid a dynamic business environment.
"The group continues to benefit from a diversified supplier network across multiple countries, providing resilience in sourcing and helping to ensure continuity of supply.
"At the same time, Top Glove maintains close engagement with customers to keep them apprised of developments and to collaboratively manage raw material supply, supporting the continued availability of gloves," the glovemaker said in a statement.
The company added that its flexible manufacturing capabilities allow it to switch production between nitrile and natural rubber gloves to better align with market conditions and raw material availability.
It said this operational flexibility, coupled with ongoing improvements in quality and cost efficiency, enables the group to respond effectively to changes in supply conditions while continuing to meet customer requirements.
In the third quarter ended May 31, 2026, the group recorded sales revenue of RM1.1bil and net profit of RM81mil, or earnings per share of 1.01 sen.
For the nine-month period, revenue grew 15% year-on-year to RM3bil, while net profit jumped 64% to RM151mil on the back of a 34% increase in sales volume.
The group attributed its stronger performance to prudent raw material management, particularly in securing a stable supply of nitrile latex amid recent supply disruptions, which enabled uninterrupted glove production and timely fulfilment of customer orders.
It said the performance was further supported by timely adjustments to average selling prices (ASPs) in line with rising raw material costs. Ongoing improvements in product quality and cost efficiency, coupled with high utilisation rates, also contributed to margin expansion.
Executive chairman Tan Sri Dr Lim Wee Chai said Top Glove's steady performance in 3Q26 reflected the group's ongoing efforts to strengthen its operational fundamentals.
“We appreciate our customers’ understanding and continued support during this period, alongside the team’s strong collaboration with suppliers and proactive sourcing efforts, which have ensured uninterrupted glove production and deliveries.
“Ongoing improvement initiatives in quality and cost management have also positioned us to remain resilient in changing market conditions,” Lim said.
Meanwhile, joint managing director Lim Jin Feng said the group's third-quarter performance reflected its operational excellence and agility in adapting to market dynamics.
“The recent developments in the Middle East have also provided a valuable learning experience in managing geopolitical challenges and mitigating supply disruptions.
“This strengthens our preparedness and positions us to respond more effectively to such challenges in the future.”
