Top Glove Corp Bhd reported better-than-expected quarterly earnings, driving its shares up 2.5% on Friday. The recovery in global glove demand and stable average selling prices were key drivers for the positive performance.
Top Glove Corp Bhd announced its results for the second financial quarter ended December 31, 2025 (2Q FY2026) on Friday, reporting a net profit of RM85 million, significantly exceeding market expectations. This strong performance propelled the company's share price up 2.5% to RM1.23. The company stated that sustained growth in global healthcare demand, coupled with largely completed inventory adjustments, led to a significant increase in glove orders. Furthermore, improved production efficiency and stable raw material costs also contributed to the profitability. Moving forward, Top Glove anticipates continued healthy growth in glove demand as the global economy gradually recovers and healthcare spending increases.
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