PETALING JAYA: Top Glove Corporation Bhd has sustained its positive momentum throughout FY2026 to deliver impressive profit growth, despite a challenging business environment, highlighting its increased global competitiveness.
For FY2026, the group posted sales revenue of RM4.2 billion, an increase of 21% year-on-year (YoY). Profit after tax (PAT) strengthened significantly to RM310 million, surging 152%, while sales volume grew close to 30% compared with FY2025.
The company said this when announcing its financial results for the fourth quarter (Q4’26) and financial year 2026 (FY2026) ended Aug 31, 2026.
For Q4’26, the group recorded sales revenue of RM1.2 billion, up 40% YoY and 14% quarter on quarter (QoQ), against an uncertain operating environment. PAT came in at RM159 million, expanding 413% versus Q4’25 and 96% compared with Q3’26. Additionally, the group maintained its healthy profit before tax margin.
Top Glove said its strong and sustained profitability in FY2026 was driven by steady growth in global glove demand outpacing supply growth, resulting in an improved demand supply balance that enabled manufacturers to rebuild margins after several challenging years. The ongoing Middle East crisis further tightened raw material and glove supply, supporting cost pass through and contributing to further margin improvement.
Top Glove joint managing directors Ng Yong Lin and Lim Jin Feng said, “FY2026 marked another milestone year for the Group, in which we more than doubled our profitability compared with FY2025 despite ongoing industry headwinds. This is testament to our global competitiveness, which is the result of the disciplined execution of ongoing improvements in quality and cost efficiency, and strong customer relationships across key international markets.
“We remain highly appreciative of our people for their higher productivity and good efforts, which have been instrumental in sustaining our upward trajectory.”
In line with the group’s commitment to creating sustainable value for shareholders, the board of directors has declared a tax exempt final dividend of 1.5 sen per share for FY2026, payable on Dec 15. This represents an increase of 213% in dividend per share compared with FY2025.
The total dividend outlay for FY2026 amounts to RM120 million, three times the payout in FY2025.
The group improved its net cash position to RM141 million in FY2026, compared with a net debt position of RM267 million in FY2025, reflecting a healthier financial structure and increased operational flexibility.
Top Glove executive chairman Tan Sri Dr Lim Wee Chai commented, “The continued demand for gloves provides a solid foundation for long term growth. While market conditions remain dynamic, the group’s strong focus on working hard, smart and fast, coupled with improvements in quality and cost efficiency, people productivity and AI integration, will ensure we remain competitive and well equipped to navigate industry challenges.
“We thank our people whose positive contributions have enabled us to conclude FY2026 on a strong and healthy note. With the continued support of our people, we enter FY2027 with strengthened financial standing, operational agility and confidence in sustaining our growth momentum.”
