Top Glove Corporation Bhd reported a net profit of MYR80.5 million for the quarter ended 31 May 2026 (3QFY2026), more than doubling last year’s MYR34.4 million as higher sales volumes and continued cost-cutting lifted margins despite a volatile raw-material environment.
The world’s largest glove maker said revenue rose 32 % year-on-year (YoY) to MYR1.10 billion, while basic earnings per share increased to 1.01 sen from 0.43 sen. The board did not declare an interim dividend, in line with the absence of a payout in the prior-year quarter.
Operating profit expanded to MYR141.5 million from MYR8.3 million a year earlier, and profit before tax jumped 226 % YoY to MYR100.6 million. The improvement reflected a 34 % rise in glove sales volume, timely average selling-price adjustments and tighter cost control.
Geographically, Malaysia remained the main revenue contributor in the nine-month period to May, generating MYR2.56 billion of the MYR2.98 billion group total, followed by Thailand (MYR286.2 million) and Vietnam (MYR41.1 million). Segment profit before tax reached MYR207.4 million for 9MFY2026, with Malaysia accounting for the bulk of earnings.
Management said profitability was partly tempered by rising input costs, notably for natural latex concentrate and nitrile latex. Nevertheless, prudent raw-material sourcing and higher plant utilisation cushioned the impact, allowing margins to improve to 15 % at the EBITDA level in 9MFY2026 from 13 % a year earlier.
During the quarter the company strengthened governance by appointing independent director Liew Way Keng and acknowledging the retirement of Datuk Dr Norma Mansor after a nine-year tenure. Top Glove also maintained its position on the S&P Dow Jones Best in Class Index for a seventh consecutive year and was again listed on the Fortune Southeast Asia 500.
Executive chairman Tan Sri Dr Lim Wee Chai noted that collaborative engagement with suppliers helped secure nitrile latex during recent shortages, ensuring uninterrupted production and deliveries. Joint managing directors Lim Jin Feng and Ng Yong Lin added that the group’s ability to switch between nitrile and natural-rubber glove production, combined with ongoing quality and efficiency initiatives, positions it to navigate shifting raw-material dynamics and geopolitical uncertainties.
Looking ahead, the group expects nitrile latex availability to remain stable but cautioned that market conditions are “dynamic”. Management will prioritise cost efficiency, product quality and operational agility to safeguard margins and maintain reliable supply to healthcare, industrial and food-service customers.