Link: https://links.sgx.com/1.0.0/corporate-announcements/27AU0G1YOSMOB7HT/42fdf7a16f01c2b1e748e6911f2e60adbef0c2a4d729065e8749b1aaa8fd132e

Summary:

• Revenue rose 39% year on year to RM3.49 billion, with profit after tax recovering to RM122.8 million from a RM21.4 million loss and profit attributable to shareholders at RM105.3 million.

• EBITDA rebounded to RM448.1 million and profit before tax to RM148.2 million, while net assets reached RM4.78 billion and net gearing eased to 0.06 times following a RM800 million senior sukuk issue and full redemption of the RM1.18 billion perpetual sukuk.

• Sales volume jumped 55%, led by a 148% surge in US shipments and strong double‑digit growth across Europe, Asia, the Middle East, Africa, and Latin America, lifting plant utilisation into the mid‑70s percent range.

• Management is pivoting toward cost leadership and specialty products, rolling out chemo‑tested nitrile, halogen‑free cleanroom, and biodegradable industrial gloves, under a strategy to be the most cost‑efficient global producer and regain market share.

• The TEN ZERO Commitments blueprint targets lower carbon, energy, water and waste intensity by FY2028; FY2025 already saw a roughly 20% cut in carbon intensity, 793 GWh of green energy use, reduced scheduled‑waste intensity, and 99% recycled/FSC carton packaging.

• Top Glove maintained or upgraded marquee ESG ratings (DJSI Emerging Markets, FTSE Russell top‑decile, MSCI “AA”, Sustainalytics sub‑industry #1), with at least 40% of management incentives now tied to ESG metrics and board oversight via a dedicated sustainability committee.

• Governance remains a core selling point, with a majority‑independent board, 44% female board representation, 61% female managers, ISO 37001 anti‑bribery coverage, and recognition as an ASEAN Asset Class PLC and top‑5 Malaysian PLC for corporate governance in 2025.