KUALA LUMPUR (May 29): Supermax Corp Bhd’s (KL:SUPERMX) net loss widened to RM41.14 million in its third financial quarter from RM23.81 million a year earlier, dragged down by lower average selling prices of gloves and foreign exchange loss.
Earnings in the quarter ended March 31, 2026 (3QFY2026) were also affected by lower interest income, the group said in a bourse filing on Thursday.
This marks the glove maker's 15th consecutive quarter in the red since 2QFY2023.
Quarterly revenue dropped 37.8% year-on-year to RM126.76 million from RM203.67 million.
For the nine-month period, Supermax’s net loss widened to RM234.19 million from RM93.36 million in the previous year’s corresponding period. Revenue for the period fell 17.1% to RM519.76 million from RM627.11 million.
No dividend was declared for the quarter under review. The last time Supermax paid a dividend was in FY2023.
Looking ahead, Supermax said it expects a growth in sales as its US manufacturing plant is set to commence operations in the second half of 2026, enabling it to fulfil large-volume orders from a wide range of domestic customers in the US.
The group said its growth is further supported by Brazil lifting its anti-dumping duties on Malaysian gloves in December 2025. This removes a significant tariff disadvantage compared to Chinese and Thai competitors, levelling the playing field and paving the way for stronger sales momentum. Supermax returned to the Brazilian market from April this year.
Supermax Brazil — a 50%-owned associate company — plans to build a new local manufacturing plant. The project features an ultimate investment capital of up to US$50 million (RM198.9 million), implemented in two phases and funded entirely through internally generated regional resources.
While expanding its presence in Canada, the group said it expects rental savings following the consolidation of two facilities in Montreal alongside a new Toronto headquarters opening in September to target government contracts.
Leveraging its dominant market leadership in the UK, Ireland and the European Union, Supermax said it is actively expanding its regional footprint by constructing a new UK and European distribution headquarters in Peterborough.
"Supermax would be looking to turn around the group by increasing the overall group sales in terms of growth in manufacturing sales from the USA Plant, continue to rationalise the operating costs in Malaysia plants and increase distribution sales in countries where the group operates," it said.
"Overall, the group maintains a positive outlook. Despite persistent cost headwinds, robust healthcare demand and improved overseas market conditions provide a firm foundation for resilience and sustainable value creation,’’ it added.
Supermax shares closed unchanged at 32 sen on Thursday, valuing the group at RM1.04 billion.