KUALA LUMPUR, June 27 (Xinhua) -- Malaysia-based Top Glove, the world's largest glove maker, has reported lower profit during the third quarter of the 2025 financial year, amid lower average selling prices, heightened competition, coupled with cost savings pass through.
The firm said in a bourse filing on Thursday that its net profit for the third quarter ended May 31, 2025, tumbled 31.43 percent year-on-year to 34.75 million ringgit (8.22 million U.S. dollars).
Its revenue for the quarter, however, rose by 30.36 percent year-on-year to 830.25 million ringgit, reflecting continued demand growth.
As for the first three quarters, the firm returned to the black by achieving a net profit of 70.50 million ringgit, as compared to a net loss of 58.24 million ringgit a year ago.
Its revenue for the period also surged by 54.69 percent year-on-year to 2.6 billion ringgit.
In a separate statement, the firm said it remains confident in the long-term prospects for the glove industry, which continue to be supported by robust fundamentals and heightened hygiene awareness after the pandemic.
"While evolving tariff actions and trade dynamics may limit near-term visibility, the group will continue to focus on enhancing product quality and optimizing cost efficiency, positioning it for operational resilience," it said. (1 ringgit equals 0.24 U.S. dollars) ■
