Logotype for Top Glove Corporation Bhd

Top Glove (TOPGLOV) investor relations material

Top Glove Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Top Glove Corporation Bhd
Q4 2025 earnings summary9 Oct, 2025

Executive summary

  • Achieved a strong turnaround in FY2025, returning to profitability with a 39% YoY revenue increase to RM3.5 billion and a 55% surge in sales volume, especially in the U.S. market where sales volume rose 150% YoY.

  • Profit before tax surged to RM154 million from a loss in FY2024, with 4QFY25 profit before tax at RM48 million, up 700% YoY.

  • Operational improvements, higher plant utilization (75% in August 2025, 71% in 4QFY25), and cost initiatives drove efficiency and margin gains.

  • Recognized for sustainability, ranking among the top 5 Malaysian PLCs and top 4% globally in S&P Global Corporate Sustainability Assessment.

  • Board recommended a final dividend of 0.48 sen per share, totaling RM39 million for FY2025.

Financial highlights

  • FY2025 revenue reached RM3,489 million (+39% YoY), EBITDA RM454 million (+79% YoY), and PATAMI RM128 million, reversing a loss in FY2024.

  • 4QFY25 revenue grew 7% YoY to RM890 million, with core EBITDA up 29% QoQ and core PATAMI up 142% QoQ.

  • Basic and diluted EPS for FY2025 were 1.36 sen, compared to a loss per share of 0.81 sen in FY2024.

  • Net assets per share increased to RM0.59 as at 31 August 2025.

  • Non-core items in 4QFY25 included a RM19 million gain on land disposal, RM17 million late payment interest income, RM12 million impairment, and RM9 million fair value loss on bonds.

Outlook and guidance

  • Glove demand expected to remain strong, with further U.S. and European sales growth anticipated in FY2026.

  • Utilization rates projected to improve (75% in September 2025), supporting cost optimization and competitiveness.

  • Strategic focus on increasing U.S. market share by FY2026 to mitigate competition in non-U.S. markets.

  • Introduction of next-generation glove products targeting healthcare, cleanroom, and industrial sectors.

  • Raw material and natural gas prices expected to stay stable; quarterly ASP fluctuations anticipated due to market competition.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Top Glove earnings date

Logotype for Top Glove Corporation Bhd
Q1 202617 Dec, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Top Glove earnings date

Logotype for Top Glove Corporation Bhd
Q1 202617 Dec, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Top Glove Corporation Bhd, established in 1991 in Malaysia, has evolved to become the world's largest manufacturer of gloves product portfolio extends beyond gloves to include non-glove items like condoms, face masks, dental dams, exercise bands, household products, catering to both healthcare and non-healthcare segments. Top Glove is headquartered in Shah Alam, Malaysia, and its shares are listed on the Kuala Lumpur Stock Exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage