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Riverstone Holdings ( (SG:AP4) ) has provided an update.
Riverstone Holdings reported unaudited first-quarter FY2026 revenue of RM214.3 million, down about 15% year-on-year and quarter-on-quarter, reflecting softer demand or pricing in its glove and related businesses. Gross profit fell to RM62.0 million and net profit to RM41.1 million, with margins under pressure as profit before tax declined nearly 28% versus the prior year.
The results mark a continuation of a multi-year downtrend from pandemic-era highs, as evidenced by significantly lower revenue and profit compared with 2022 and 2023 levels. While the company remains profitable, the contraction in top- and bottom-line figures signals ongoing normalization in the glove sector and suggests a more challenging operating environment for shareholders and industry peers alike.
The most recent analyst rating on (SG:AP4) stock is a Buy with a S$0.93 price target. To see the full list of analyst forecasts on Riverstone Holdings stock, see the SG:AP4 Stock Forecast page.
More about Riverstone Holdings
Riverstone Holdings Ltd operates in the manufacturing sector, producing gloves and related products for industrial and healthcare markets. The company focuses on export-oriented revenue streams and has historically benefited from demand cycles in protective equipment, though it remains exposed to fluctuations in global orders and pricing pressures.
Average Trading Volume: 3,657,077
Technical Sentiment Signal: Buy
Current Market Cap: S$1.13B
For detailed information about AP4 stock, go to TipRanks’ Stock Analysis page.