Top Glove today announced stronger-than-expected quarterly earnings, with a net profit of RM120 million, sending its shares surging 5.8%. The market is optimistic about the recovery prospects of the glove sector, driven by improving demand and stabilizing average selling prices. This marks a significant turnaround.
KUALA LUMPUR, February 5, 2026 – Top Glove Corporation Bhd, the world's largest glove manufacturer, today announced better-than-expected results for its second financial quarter ended December 31, 2025. The company achieved a net profit of RM120 million, a significant turnaround from the previous quarter's loss and well above analysts' forecasts. Revenue also increased by 15% to RM1.25 billion. Driven by this positive news, Top Glove's share price surged 5.8% today, closing at RM1.98. Management attributed the improved performance to a rebound in global glove demand, stabilizing average selling prices (ASPs), and ongoing cost optimization initiatives. Market analysts generally believe that the glove industry has passed its trough and is poised for continued recovery, with Top Glove expected to benefit further.
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