Top Glove (TOPGLOV) Q3 2026 earnings summary

Executive summary

• Achieved resilient growth in 3QFY26, with sales volume up 41% year-over-year and 1% quarter-over-quarter, supported by higher ASPs and strong demand across most regions.

• Revenue for 3QFY2026 rose 32% year-over-year to RM1.1 billion, with profit after tax up 138% to RM81 million.

• Operational improvements, cost optimization, and high utilization rates contributed to improved efficiency and profitability.

• Recognized for sustainability leadership, maintaining top rankings in global indices and industry benchmarks.

Financial highlights

• 3QFY26 revenue rose 9% sequentially to RM1,095 million, with EBITDA up 51% and profit after tax up 161% from the previous quarter.

• 9MFY26 revenue increased 15% year-over-year to RM2,984 million, with EBITDA up 29% and profit after tax up 64%.

• EBITDA for 3QFY2026 was RM186 million, up 59% year-over-year; nine-month EBITDA reached RM439 million.

• EBITDA margin improved to 15% in 9MFY26 from 13% in 9MFY25.

• PATAMI for 9MFY26 more than doubled year-over-year to RM150 million.

Outlook and guidance

• Nitrile latex prices are declining as supply stabilizes, expected to offset higher natural gas prices in coming quarters.

• ASPs are anticipated to ease in line with raw material price trends.

• Flexible manufacturing and diversified supplier network support resilience against supply disruptions.

• Ongoing focus on quality, cost efficiency, and operational agility to respond to market changes.