Sri Trang Gloves (Thailand) PCL (STGT) posted a net profit of 566.5 million Thai baht for the quarter ended 30 June 2026, a six-fold rise from a year earlier, as higher average selling prices more than offset lower shipment volumes and cost pressures stemming from elevated raw-material and freight expenses.

Second-quarter revenue edged up 1.9% year-on-year to THB 6.11 billion, helped by a 13.8% YoY increase in the U.S.-dollar average selling price of its natural-rubber and nitrile gloves. Pre-tax earnings (EBT) jumped to THB 599.7 million from THB 94.3 million a year ago, while the net profit margin improved to 9.3% from 1.3%. The board declared an interim dividend of THB 0.25 a share, payable on 11 September 2026; no comparative dividend was disclosed for the prior-year period.

Gross profit doubled to THB 1.04 billion on a 17.0% margin, versus 8.6% a year earlier, as the company successfully passed higher nitrile latex and logistics costs through to customers. EBITDA climbed 67.5% YoY to THB 1.26 billion, yielding a 20.6% margin. Sales volume fell 5.9% YoY to 8.55 billion pieces as some customers deferred orders amid price volatility, and the utilisation rate eased to 77.6% from 75.8% a year ago. Other income rose 51.4% YoY to THB 53.8 million, but selling, general and administrative expenses increased 10.3% to THB 478.7 million owing to higher freight charges and a reclassification of depreciation.

Headwinds included a 7.4% YoY decline in cost of goods sold to THB 5.07 billion, reflecting lower volumes but still pressured by raw-material inflation, and a sharp drop in finance income after the receipt of sizeable insurance compensation in the prior year. Net cash fell by THB 286.0 million during the quarter as dividend payments and share buybacks outweighed operating inflows.

Looking ahead, STGT said it will keep trimming production costs through expanded automation, the rollout of artificial-intelligence systems for machinery optimisation, and continued efforts to balance its natural-rubber versus nitrile product mix. Management is also prioritising growth in higher-margin specialty gloves and aims to expand its customer base from 175 to more than 190 countries. On sustainability, the company reiterated its commitment to achieve net-zero greenhouse-gas emissions by 2050 and to cut emissions per 1,000 pieces of gloves by 20% from 2024 levels by 2030.