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

Cyberjaya, September 12 — Top Glove Corporation Bhd anticipates a strong performance for the financial year ending August 31, 2026 (FY2026), driven by robust global glove demand and rising average selling prices. Executive chairman Tan Sri Dr Lim Wee Chai highlighted the annual glove demand growth of approximately 10 per cent, supported by some supply constraints that have bolstered 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 after the launch of a book by University of Cyberjaya Pro Chancellor Tan Sri Dr R. Palan.

Lim emphasized that the favorable demand-supply dynamics are projected to result in a more favorable profit outlook for the world's largest glove manufacturer compared to the previous fiscal year. He further stated that rising crude oil prices may lead to increased costs for petroleum-based raw materials, but the sales prices of gloves would also increase accordingly.

Lim stressed the importance of maintaining operational efficiency internally to offset external cost fluctuations and ensure long-term profitability for the group.