KUALA LUMPUR (Oct 6): Top Glove Corporation Bhd (KL:TOPGLOV) said it is confident of weathering headwinds ahead after earnings jumped nearly five times in the recently ended quarter, sending its shares higher.
Net profit at the world’s largest natural rubber glove maker was RM157.63 million in the three months ended Aug 31, 2026 (4QFY2026), compared to RM34.83 million in the same quarter a year earlier. Revenue for the quarter surged 40% year-on-year to RM1.25 billion.
While Top Glove flagged a myriad of challenges that range from cost pressures to manpower shortages, the company said it is “confident of mitigating these headwinds through continuous quality enhancement and cost optimisation measures”.
A final dividend of 1.50 sen per share was also declared for FY2026 and payable on Dec 15.
For the full FY2026, Top Glove’s net profit nearly tripled to RM307.96 million. Revenue increased 21% to RM4.23 billion as volume grew close to 30%.
Steady growth in global glove demand is outpacing supply growth, allowing manufacturers to rebuild margins and restart idle manufacturing facilities, Top Glove said, noting that Middle East crisis has also tightened supply, supporting cost pass-through.
To manage upcoming cost pressures, particularly the scheduled increase in natural gas tariffs effective Oct 1, Top Glove said it is implementing cost saving measures, including “establishing heat energy efficiency partnerships."
Shares of Top Glove added nine sen or 11.5% to 87.5 sen on Tuesday after the announcement, giving the company a market capitalisation of RM7.19 billion.