KUALA LUMPUR: Hartalega Holdings Bhd
reported an earnings jump of 62.2% to RM31.64mil in the third quarter of its financial year ended Dec 31, 2025, as compared to RM19.51mil in the same quarter a year earlier.
The glove maker said the improved bottomline came on the back of cost optimisation and improved operational efficiencies. This helped to offset softer sales volume and pricing pressures, which led to a lower quarterly revenue of RM527.25mil as compared to RM738.19mil in the year-ago quarter.
Over the nine-month period, Hartalega’s net profit was RM62.55mil as compared to RM60.06mil in the year-ago period, while revenue fell to RM1.62bil from RM1.97bil over the same comparison.
CEO Kuan Mun Leong said tough market conditions are expected to persist for the near-term, particularly with ongoing global trade uncertainties and intensified competition in non-US markets, in addition to new supply capacity activated in South East Asia.
However, he reiterated a resilient long-term outlook for the glove sector, underpinned by structurally higher usage levels and improving order consistency.
“Despite the current challenging operating landscape, the progressive normalisation of industry inventories has contributed to more consistent ordering patterns, signalling an expected return to demand stability.”
Additionally, he said the group’s continued efforts to strengthen automation will bear significant results on its production efficiency, ensuring the group remains cost competitive and well-positioned to drive sustainable growth.
