Kossan Rubber Industries (KLSE) Q3 2025 earnings summary

Executive summary

• Revenue for 9M25 was RM1.31 billion, down 5.79% year-over-year; profit before tax rose 9.57% to RM130.7 million.

• 3Q25 revenue was RM439.0 million, a 13.48% decrease year-over-year, but profit before tax increased 13.23% to RM45.0 million.

• All divisions saw lower revenue in 3Q25 versus 3Q24, but improved margins and cost efficiencies boosted profits.

Financial highlights

• Profit after tax for 9M25 was RM105.7 million, up 12.14% year-over-year.

• Basic EPS for 9M25 was 4.14 sen, up from 3.62 sen in 9M24.

• Net assets per share increased to 145.36 sen as of 30/09/2025 from 142.84 sen at 31/12/2024.

• Cash and bank balances stood at RM863.6 million at 30/09/2025.

Outlook and guidance

• Glove demand shows early signs of stabilisation, with gradual recovery and steady restocking.

• The group remains cautious due to U.S. tariff uncertainties and competition from Chinese manufacturers.

• TRP and Cleanroom divisions are expected to sustain satisfactory and stable performance, respectively.

• The group is cautiously optimistic for FY2025, focusing on operational efficiency and sustainability.