Top Glove Q1 net profit jumps sevenfold as operating performance improves
KUALA LUMPUR: Top Glove Corporation Bhd's net profit for the first quarter ended Nov 30, 2025, surged sevenfold to RM38.58 million from RM5.47 million a year earlier, driven by a marked improvement in operating performance.
Revenue for the quarter eased marginally to RM883.57 million from RM885.89 million, weighed by lower average selling prices in tandem with declining raw material costs, as well as the stronger ringgit against the US dollar.
In a filing with Bursa Malaysia, the company said operating profit jumped nearly ninefold year-on-year to RM41 million, compared with RM4 million in the corresponding quarter.
No dividend was declared for the quarter under review.
Top Glove said the quarter's results were largely underpinned by a 17 per cent increase in sales volume across key markets, led by strong demand from the United States.
Higher order volumes improved plant utilisation, resulting in stronger cost efficiency and economies of scale.
Top Glove said this was further reinforced by continuous quality improvements, cost optimisation initiatives and organisational realignment efforts, which helped reduce costs and enhance overall efficiency.
"While raw material prices declined, Top Glove shared part of the cost savings with customers, reflecting its pricing strength and long term customer focus.
"Additionally, the group continues to hedge its forward US dollar requirements to mitigate the impact of foreign exchange volatility," it added.
The glove maker said it anticipates continued growth in glove demand across key markets, driven by regular replenishment cycles and emerging opportunities.
"Looking ahead, prospects for the glove industry remain promising as gloves continue to be an essential item across healthcare and multiple other sectors.
"To meet rising demand, Top Glove will continue to reactivate more production lines as lead times and utilisation increase, while maintaining its focus on driving operational excellence through quality and cost optimisation initiatives," it added.
Executive chairman Tan Sri Dr Lim Wee Chai said that despite navigating a challenging global environment, the company remains committed to quality, cost efficiency and strong customer service.
Read more: here.