Sales Volume increases 17% versus 1QFY2025, with further increase expected

Shah Alam, Wednesday, 17 December 2025  Top Glove Corporation Bhd or &ldquo Top Glove&rdquo today announced its financial results for the First Quarter (1QFY2026) ended 30 November 2025, extending its positive uptrend to commence FY2026 on a robust note.

For 1QFY2026, the Group delivered Sales Revenue of RM884 million despite a challenging and competitive environment. Its Profit After Tax and Minority Interest or PATAMI soared to RM39 million, an impressive growth of 680% year on year, reflecting the Group&rsquo s continued operational discipline and market agility following a successful return to profitability in FY2025. Meanwhile, Sales Volume grew by 17% compared with the corresponding period in FY2025, sustaining an uptrend propelled by returning glove demand and the Group&rsquo s ongoing strategic improvement initiatives.

The Group&rsquo s strong performance in 1QFY2026 was primarily driven by robust Sales Volume growth across key markets, and particularly in the United States. Sales Revenue was softer despite the increase in Sales Volume mainly due to lower average selling prices (ASPs), in line with declining raw material costs as well as the impact of a stronger Ringgit versus the US Dollar. However, higher plant utilisation contributed to improved cost efficiency and economies of scale. This was further supported by ongoing quality enhancement and cost optimisation measures, strategic marketing initiatives alongside organisational realignment efforts which helped to lower costs and improve efficiency. While raw material prices declined, Top Glove shared part of the cost savings with customers, demonstrating pricing strength and long term customer focus. Additionally, foreign exchange impacts were offset by lower raw material costs and the Group continues to hedge forward its USD requirements towards mitigating foreign exchange volatility risks.

Mr Lim Cheong Guan, Managing Director of Top Glove remarked, &ldquo Our strong start to FY2026 builds on the sustained momentum from last year, and marks a significant milestone: the restoration of EBITDA margins to pre pandemic levels. Our vastly improved performance is testament to our  unwavering focus on optimising quality and cost efficiency, while meeting our customers&rsquo needs even as glove demand continues to recover steadily. We will keep pursuing strategic enhancement initiatives and are confident of maintaining our upward trajectory and delivering sustainable value to all our stakeholders.&rdquo