Top Glove returns to the black with 159% Q2 net profit surge

The company recovered from a net loss of $15.5m (MYR51.2m) in Q2 2024.

Top Glove has returned in the black in Q2 2025 with a net profit of $9.14m (MYR30.28m), surging 159% year-on-year (YoY) from a net loss of $15.5m (MYR51.2m) in the same period last year.

Earnings per share stood at $0.0011 (MYR0.38). Revenue for the period surged 61% YoY to $266.9m (MYR883.65m) from $166.2m (MYR550.3m) a year ago.

The increase was due to a sustained uptrend in glove orders due to a recovering global demand and trade diversions from U.S. tariffs on Chinese glove exports.

In addition, Top Glove issued a -year Senior Sukuk Wakalah with a nominal value of $241.6m (MYR800m) on 20 February.

The proceeds of$241.6m (MYR800m) raised together with $114.7m (MYR380m) of the Group’s cash were utilised for the redemption of its outstanding Perpetual Sukuk amounting to $356.4m (MYR1.18b) on its first call date on 27 February.

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