Top Glove today released its latest quarterly earnings, reporting a narrowed net loss of RM55 million, better than market expectations. Despite this improvement, the company continues to face challenges from overcapacity and sustained pressure on average selling prices (ASPs) in the highly competitive glove market.
KUALA LUMPUR, February 5, 2026 – Top Glove Corp Bhd (stock code: 7113), the world's largest glove manufacturer, today announced its latest quarterly results for the period ended November 30, 2025. The company reported a narrowed net loss of RM55 million, an improvement from the RM78 million loss in the previous quarter, and slightly better than analysts' consensus forecasts. Revenue recorded RM650 million, showing a slight quarter-on-quarter increase. Despite the narrowed loss, company management highlighted in their earnings briefing that the global glove industry continues to grapple with severe overcapacity, leading to sustained pressure on average selling prices (ASPs). Furthermore, volatile raw material costs and rising labor costs also pose challenges to profitability. Top Glove stated it would continue to focus on improving operational efficiency, automating production processes, and exploring new market opportunities, aiming for a return to profitability in the coming quarters. Investors reacted neutrally to the report, with the stock price dipping marginally by 0.8% today.
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