KUALA LUMPUR (Oct 9): Top Glove Corporation Bhd (KL:TOPGLOV) reported another quarterly profit, staying in the black throughout its financial year for the first time since the Covid-19 pandemic.

Shares of Top Glove surged nine sen or 16% to close at 67 sen, their highest in two months, following the results’ midday break announcement. At its market close the world’s largest natural rubber glove maker by capacity was valued at about RM5.51 billion.

Net profit for the quarter ended Aug 31, 2025 (4QFY2025) was RM38.56 million, bringing full-year earnings to RM109.07 million thanks to stronger sales and softer raw material prices, Top Glove said in an exchange filing. Revenue, meanwhile, surged 39% to RM3.49 billion in FY2025.

“Top Glove is poised to reinforce its global presence, with a clear focus on increasing its US market share significantly by FY2026,” the company said.

Top Glove declared a dividend of 0.48 sen per share, payable on Dec 15, following its return to profitability.

Higher demand also boosted its utilisation rate at its factories to about 75% of its running capacity, helping to cushion the impact of an appreciating ringgit that dampened export receipts mainly priced in US dollars.

Raw material prices were lower in the June-August period when compared to the preceding three months, with the average natural latex concentrate prices down by 14% and nitrile latex prices declining 10%.

Top Glove said it remains optimistic on the long-term prospects of the glove industry, underpinned by the product’s essential role across healthcare, industrial, and food and beverage sectors.

While the company flagged ongoing challenges including heightened competition, labour shortage and the rising cost of doing business, Top Glove said it would be able to overcome these pressures through cost control initiatives.

Chinese rivals, in particular, have been setting up shop in Southeast Asia to dodge US tariffs while providing steep discounts to compete in non-American markets.

The glove business is challenging and competitive, especially on an international level, said Top Glove executive chairman Tan Sri Lim Wee Chai.

“With our improved cost structure, we are also better prepared to take on competition from foreign players who will be operating from Asean countries, where a more level playing field is expected,” he added.

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