Top Glove expects FY2026 profit to rise as glove demand, prices strengthen

Top Glove predicts improved earnings for FY2026 due to strong global glove demand and higher average selling prices.

Global glove demand is growing annually by about 10%, supporting higher selling prices amid some supply constraints.

Rising crude oil prices increase production costs, but Top Glove focuses on maintaining quality and cost efficiency to ensure profitability.

CYBERJAYA, Sept 12 — Top Glove Corporation Bhd expects to deliver improved earnings for the financial year ended August 31, 2026 (FY2026), underpinned by sustained global glove demand and higher average selling prices (ASPs).

Executive chairman Tan Sri Dr Lim Wee Chai said global glove demand continues to expand by about 10 per cent annually, while some supply constraints have also provided support to selling prices.

“Demand is growing every year by about 10 per cent, so demand is good. When demand is more than supply, prices go up. Now, some factories may be affected, so supply is a little affected or short, while demand is still strong,” he told Bernama here today.

He said this when met after the launch of Stuck in the Middle , a book by University of Cyberjaya Pro Chancellor Tan Sri Dr R. Palan.

Lim noted that the improved demand-supply dynamics are expected to translate into a better performance for the world’s largest glove manufacturer compared with the previous financial year.

“The profit will be much better than one year ago. The outlook is good. We are going to announce the August 2026 results next month, on October 6. It will be a better quarter and a better year compared with the previous years,” he said.

Lim stressed that stronger demand and higher selling prices are key factors supporting the improved outlook.

He said geopolitical conflicts or pandemics could also lead customers to increase orders as a precaution, further supporting glove demand and prices.

“Normally, when there is a war or pandemic, customers or consumers sometimes have some slight panic, so they buy a little bit more and order a little bit more.

“When glove prices increase, it is good for the whole industry and the whole supply chain, so profitability will be better,” he explained.

On rising crude oil prices, Lim said higher oil prices would increase the cost of petroleum-based raw materials used in glove production, including nitrile-related inputs.

“When crude oil prices increase, raw material prices increase, and glove selling prices will also increase. When crude oil prices come down, the manufacturing cost of raw materials also comes down,” he said.

Lim said despite fluctuations in external costs, maintaining operational efficiency remains crucial for the group.

“More importantly, internally we must be very quality and cost efficient,” he added.

Top Glove’s net profit jumped to RM80.98 million in the third third quarter ended May 31, 2026 (3Q) compared with RM34.74 million recorded in the previous corresponding quarter, while revenue also rose to RM1.09 billion from RM830.25 million previously. — Bernama

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由于全球手套需求强劲和平均售价上涨，顶级手套公司预测2026财年盈利将有所改善。

全球手套需求每年增长约 10%，在供应受到一定限制的情况下，支撑了较高的售价。

原油价格上涨增加了生产成本，但顶级手套公司专注于保持质量和成本效益，以确保盈利能力。

赛城，9 月 12 日讯——顶级手套公司预计，在持续的全球手套需求和更高的平均售价（ASP）的支撑下，截至 2026 年 8 月 31 日的财政年度（2026 财年）的盈利将有所改善。

执行主席丹斯里林伟才博士表示，全球手套需求继续以每年约10%的速度增长，而一些供应限制也对销售价格提供了支撑。

“需求每年增长约10%，所以需求良好。当需求大于供应时，价格就会上涨。现在，一些工厂可能受到影响，因此供应略有减少或短缺，但需求依然强劲，”他今天在这里告诉马新社。

在赛城大学副校长丹斯里 R. Palan 博士的新书《进退维谷》发布会后，他接受了采访并发表了上述言论。

林指出，供需动态的改善预计将使这家全球最大的手套制造商的业绩比上一财年有所提升。

“利润将比一年前好得多。前景良好。我们将于下个月，也就是10月6日公布2026年8月的业绩。与往年相比，这将是一个更好的季度，也是一年更好的业绩，”他说道。

林强调，需求强劲和售价上涨是支撑前景改善的关键因素。

他表示，地缘政治冲突或疫情也可能导致顾客出于预防目的增加订单，从而进一步支撑手套需求和价格。

“通常情况下，当发生战争或疫情时，顾客或消费者有时会有些恐慌，所以他们会多买一些，多订购一些。

他解释说：“手套价格上涨对整个行业和整个供应链都有好处，因此盈利能力会更好。”

林先生表示，原油价格上涨将增加手套生产中使用的石油基原材料的成本，包括丁腈橡胶相关投入品。

他说：“原油价格上涨时，原材料价格上涨，手套售价也会上涨。原油价格下跌时，原材料的生产成本也会下降。”

林表示，尽管外部成本有所波动，但保持运营效率对集团而言仍然至关重要。

“更重要的是，在内部，我们必须非常注重质量和成本效益，”他补充道。

顶级手套公司截至2026年5月31日的第三季度（第三季度）净利润跃升至8098万令吉，而去年同期为3474万令吉；营收也从之前的8.3025亿令吉增至10.9亿令吉。——马新社

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