Top Glove Corporation Bhd reported a net profit attributable to shareholders of RM38.6 million for the quarter ended Nov 30 2025, surging about 605 per cent year-on-year from RM5.5 million, as stronger glove demand and tighter cost controls offset softer selling prices and a firmer ringgit.
Revenue was broadly flat at RM884 million versus RM886 million a year earlier, while basic earnings per share rose to 0.48 sen from 0.07 sen. The board did not propose an interim dividend for the quarter; a final dividend of 0.48 sen per share, declared for FY2025, remains payable.
By geography, operations in Malaysia generated RM48.7 million of pre-tax profit, compared with RM1.7 million from Thailand. The Vietnam arm posted a RM3.1 million pre-tax loss, while “Others” contributed RM4.8 million. Group finance costs increased to RM8.9 million from RM1.0 million following the issuance of a senior sukuk.
Management attributed the earnings rebound to a 17 per cent jump in sales volume that improved plant utilisation and economies of scale, alongside ongoing quality-enhancement and cost-optimisation measures. Lower raw-material prices also helped cushion the impact of reduced average selling prices and currency movements.
Looking ahead, the glove maker plans to bring additional production lines back onstream as lead times and utilisation improve. It will continue foreign-exchange hedging and pursue further operational efficiencies to defend margins amid a competitive pricing landscape.
Managing director Lim Cheong Guan said the return of EBITDA margins to pre-pandemic levels reflected the group’s focus on quality and cost efficiency, while executive chairman Tan Sri Dr Lim Wee Chai noted that a steady recovery in global glove demand positions the group to “grow responsibly” and create long-term value for stakeholders.
Top Glove reiterated its commitment to sustainability, highlighting an upgrade to AA in MSCI ESG Ratings and inclusion in the United Nations Global Compact Network Malaysia & Brunei’s ESG Select List 2025 as recent milestones supporting its growth strategy.