Top Glove Corporation Bhd ( (TPGVF) ) has released its Q3 earnings. Here is a breakdown of the information Top Glove Corporation Bhd presented to its investors.
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Top Glove Corporation Bhd, the world’s largest manufacturer of gloves, operates primarily in the gloves manufacturing industry with a global presence. In its latest earnings report for the third quarter ended 31 May 2025, the company reported a revenue of RM830 million, marking a 30% increase compared to the same quarter last year. This growth was driven by a 45% rise in sales volume. The year-to-date revenue reached RM2.6 billion, a 55% increase from the previous year, with profit attributable to owners of the parent (PATAMI) at RM71 million, a significant improvement from a loss in the previous year.
The company’s financial performance highlights include a profit from operations of RM8 million for the quarter, a notable turnaround from a loss in the previous year. The earnings before interest, tax, depreciation, and amortization (EBITDA) stood at RM117 million for the quarter, with a year-to-date EBITDA of RM341 million. The profit before tax for the year-to-date was RM107 million, a substantial recovery from a loss in the previous year. Despite increased competition and currency fluctuations, the company managed to achieve a PATAMI of RM35 million for the quarter.
Top Glove’s financial position remains robust, with total assets amounting to RM6.38 billion and total liabilities at RM1.65 billion as of 31 May 2025. The company also successfully issued a Senior Sukuk Wakalah to refinance its Perpetual Sukuk, demonstrating its strategic financial management. The company continues to focus on enhancing product quality and optimizing cost efficiency to maintain operational resilience.
Looking ahead, Top Glove remains optimistic about the long-term prospects of the glove industry, supported by strong fundamentals and increased hygiene awareness. The company is well-positioned to navigate challenges with its strategic manufacturing locations and a diverse customer base across 195 countries. Management is committed to advancing responsible business practices, as reflected in its commendable ESG scores and inclusion in prestigious industry rankings.