Riverstone Holdings Limited (AP4) reported today that revenue for the quarter ended Mar, 31 2026 fell 15.1% year-on-year to about 61.3 million Singapore dollars, reflecting the impact of a stronger Malaysian ringgit against the US dollar despite stable sales volumes in both cleanroom and healthcare segments.

Gross profit slipped to roughly 17.7 million Singapore dollars, giving a gross margin of 28.9%. Profit before tax was approximately 15.1 million Singapore dollars, while net profit attributable to shareholders declined 27.1% from the prior-year period to around 11.8 million Singapore dollars.

Versus the previous quarter, revenue fell 14.5% and net profit dropped 23.9%.

Operating cash flow remained positive, lifting cash and cash equivalents to about 200.2 million Singapore dollars as at Mar, 31 2026, up from roughly 180.3 million Singapore dollars three months earlier.

Management said demand for cleanroom gloves continues to be supported by AI infrastructure and data-centre build-outs, while healthcare customers have been restocking in anticipation of potential supply chain disruptions. The company added that it has secured raw-material supplies through June and will continue to monitor market conditions.