Top Glove Corporation Bhd recorded an encouraging financial performance for the financial year ended 31 August 2025.
The positive performance was driven by a significant jump in profit and sales, indicating that the company is now back on track after a challenging period post-COVID-19 pandemic.
In a statement, the glove manufacturer explained that it recorded a pre-tax profit of RM154 million, up 597% compared to the previous year, supported by a 55% jump in total sales.
Annual sales revenue increased to RM3.5 billion, up 39% year-on-year, driven by a recovery in global demand and more efficient cost management.
For the fourth quarter of financial year 2025, the group recorded sales revenue of RM890 million, up 7% compared to the same period the previous year, while pre-tax profit jumped 700% to RM48 million.
The company also reported a 30% increase in sales volume for the quarter under review, reflecting continued demand for its glove products in the global market.
The strong performance was driven by rising demand, efficient cost management, stable raw material prices, and an increase in capacity utilization to 75% by August 2025, maximizing production efficiency.
Average raw material prices also declined, with natural latex concentrate down 14% and nitrile latex down 10%, helping to maintain profit margins despite the weak United States (US) dollar.
Top Glove Managing Director Lim Cheong Guan said the excellent performance was a testament to the company’s strategic initiatives to improve quality and efficiency.
The group remains optimistic about the long-term prospects of the global glove industry, with demand expected to continue to grow in the healthcare, industrial, and food and beverage sectors.
