Top Glove Corporation Bhd, the world's largest glove manufacturer, reported strong fourth-quarter results with a significant increase in net profit, surpassing market expectations. This was attributed to higher sales volumes and improved cost efficiencies. The positive earnings signal a recovery in the glove sector.
Top Glove Corporation Bhd today announced its financial results for the fourth quarter ended November 30, 2025, achieving a net profit of RM250 million, significantly exceeding analysts' consensus estimate of RM180 million. Revenue also increased by 15% year-on-year to RM1.25 billion. The company attributed the substantial improvement in performance primarily to the recovery in global glove demand, stable average selling prices (ASPs), and successful production efficiency and cost control measures. Despite the ongoing challenge of overcapacity in the glove industry, Top Glove has demonstrated strong resilience by optimizing operations and expanding its market share. The company's management remains cautiously optimistic about the outlook for the coming quarters, expecting glove demand to continue growing with increased healthcare spending. Today, Top Glove's share price rose 3.5% to RM1.18.
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