KUALA LUMPUR, Oct 9 — Top Glove Corporation Bhd has returned to profitability, posting a net profit of RM109.07 million for the financial year ended August 31 (FY2025), compared with a net loss of RM64.88 million the previous FY.
In a filing with Bursa Malaysia, the glovemaker said revenue rose 39 per cent year-on-year (y-o-y) to RM3.49 billion from RM2.51 billion previously.
Top Glove also declared a final dividend of RM38.5 million for FY2025, payable on December 15.
Top Glove managing director Lim Cheong Guan said the group delivered another profitable quarter, capping its 2025 financial year on a strong footing.
“Our strengthened performance was achieved through disciplined execution of strategic quality and cost efficiency initiatives, supported by the unwavering commitment of our people.
“These efforts provided a solid foundation that positioned Top Glove to benefit from the recovery in glove demand while driving long-term growth,” he said in a statement.
For the fourth quarter ended August 31, the group recorded a net profit of RM38.56 million compared with a net loss of RM6.64 million in the same quarter last year, while revenue rose 7 per cent to RM889.6 million from RM833.74 million.
The improved performance was attributed mainly to stronger glove demand, which continued to gain momentum throughout FY2025.
Top Glove said enhanced cost management enabled more competitive pricing, boosting sales volume and raising utilisation to about 75 per cent of its running capacity in August.
“The resulting operating leverage enhanced cost efficiency, while favourable raw material prices helped cushion the impact of a weaker US dollar.
“These gains, supported by ongoing initiatives to optimise quality and cost efficiency, enabled Top Glove to deliver a stronger set of results,” the company said.
Looking ahead, Top Glove aims to strengthen its global presence with a clear focus on expanding its US market share significantly by FY2026.
It said the group remains optimistic about the long-term prospects of the glove industry, underpinned by its essential role in the healthcare, industrial, and food and beverage sectors.
As glove demand continues to rise, the company said it remains committed to operational excellence and customer satisfaction, positioning itself to sustain growth and regain market leadership in the years ahead.
“The group is well placed to build on the progress of FY2025, steadily reestablish its industry influence, and deliver sustainable growth in FY2026 and beyond,” said Top Glove executive chairman Tan Sri Lim Wee Chai.
