Top Glove reports 64% rise in earnings on higher sales, ‘supply resilience’

Shah Alam, Malaysia – Top Glove Corp. has reported a 64% year-on-year increase in profit after tax for the first nine months of its 2026 financial year, which ended 31 May.

Earnings growth was supported by higher sales volumes, improved operational efficiency and stable raw material sourcing, said Top Glove 18 June.

For the nine months ended 31 May, the Malaysian glove maker posted profit after tax of RM151 million (€32.4 million), on revenue of RM3 billion, up 15% year-on-year.

Sales volumes, meanwhile, increased 34% over the nine-month period.

In the third quarter, revenue reached RM1.1 billion, with profit after tax of RM81 million.

Top Glove said the results were supported by "prudent raw material management", particularly securing stable supplies of nitrile latex during recent supply disruptions.

The move, it said, allowed “uninterrupted glove production” and reliable customer deliveries.

The group also cited timely average selling price adjustments to reflect rising raw material costs, as well as ongoing improvements in product quality, cost efficiency and high production utilisation rates.

According to executive chairman Lim Wee Chai "strong collaboration with suppliers and proactive sourcing efforts" helped ensure continued production and deliveries.

"Ongoing improvement initiatives in quality and cost management have also positioned us to remain resilient in changing market conditions," Lim added.

Top Glove said nitrile latex availability had stabilised as of June, although market conditions remained "dynamic".

The glove maker said its supplier network across multiple countries helped supply resilience, while close engagement with customers helped manage raw material availability.

Furthermore, the group’s manufacturing network allowed production to switch between nitrile and natural rubber gloves, enabling Top Glove to respond to changing raw material availability and market demand.

"The recent developments in the Middle East have also provided a valuable learning experience in managing geopolitical challenges and mitigating supply disruptions," said joint managing director Lim Jin Feng.