By Yasmin Ramlan
SHAH ALAM, March 20 — Top Glove Corporation Bhd has recorded strong financial results for the second quarter of 2025, with revenue reaching RM884 million, a 61 per cent increase from the same period last year.
Top Glove managing director Lim Cheong Guan, the company’s profit after tax surged by 203 per cent, to RM41 million.
He said the company’s sales volume increased by 58 per cent year-on-year, supported by recovering global demand and trade shifts resulting from United States tariffs on Chinese glove exports.
“The improving glove industry dynamics present significant opportunities for us, and we are well placed to benefit from them.
“We are mindful there may be challenges ahead and will continue to pursue quality and cost efficiency initiatives, towards ensuring we stay competitive.
“We also remain deeply committed to ESG (environmental, social, governance) principles, recognising that sustainable business practices are integral to long term success,” he said during Top Glove’s release of its financial results for the second quarter of the year via webinar today.
The company profit after tax and minority interests jumped 159 per cent year-on-year to RM30 million. Quarter-on-quarter, it surged 500 per cent, reflecting improved profit margins supported by cost pass-through effects and better pricing strategies in certain markets.
Despite a 9 per cent quarter-on-quarter decline in sales volume due to frontloading in the first quarter of this year, Lim said the company sustained strong profit margins, driven by lower raw material costs and improved pricing strategies.
Elaborating on the US and non-US markets, he said Top Glove remains optimistic about its outlook, expecting sustained demand growth and a strong order pipeline as market conditions improve.
He said the company remains cautious of competitive pressures in Europe from Chinese manufacturers but aims to mitigate this through a diversified product portfolio and flexible production capabilities.
“We are pleased to continue delivering improved performance with strengthened profitability.
“Our increasingly robust results reflect the success of our ongoing quality and cost efficiency initiatives, which have reinforced our competitiveness and positioned us to benefit from recovering glove demand, as well as trade shifts in the market,” he said.
Meanwhile, Lim said Top Glove continues to strengthen its financial position with the successful issuance of RM800 million in senior sukuk, oversubscribed by 3.3 times, reflecting strong investor confidence.
He also highlighted that Top Glove’s inclusion in the S&P Global Sustainability Yearbook 2025 and the Bloomberg Gender Equality Scores 2024 reflects its commitment to sustainability and responsible business practices.
He also expressed confidence that the company’s ongoing improvements, strong ESG foundation, and dedicated team will support continued growth and long-term value creation for stakeholders.
