PETALING JAYA: Hartalega Holdings Bhd started financial year 2027 on a strong note, delivering a profit after tax (PAT) of RM70 million for the first quarter ended June 30, 2026, compared with RM12 million in the corresponding quarter of the previous financial year.
Profit before tax increased to RM90 million, while revenue rose by 10% to RM606 million. The group recorded operating profit of RM80 million for the quarter under review.
The group’s better performance was primarily attributable to higher average selling prices and ongoing cost optimisation initiatives, including stricter cost management, improved production efficiency and lower unit production costs. These helped offset the impact of lower sales volume and pricing pressure in a highly competitive market.
Performance was further supported by higher investment-related income and significantly lower net foreign exchange losses during the quarter.
Hartalega CEO Kuan Mun Leong said, “Our first-quarter performance gives us further momentum to continue improving, following several challenging quarters over the past couple of years. We remain focused on the key areas that matter, namely production efficiency, disciplined cost management and expanding our footprint to capture new sales opportunities globally.
“While the global glove industry remains impacted by structural overcapacity and intense price competition, Hartalega is confident that we will be able to leverage our strengths to remain resilient.”
Looking ahead, he said external market challenges are expected to persist amid geopolitical developments, evolving trade policies and raw material cost movements, which continue to influence the pace of industry recovery.
“We are managing these risks through proactive procurement planning, a diversified supplier base, flexible logistics arrangements and close engagement with suppliers and customers to support supply stability and transparency.”
He said Hartalega will continue to build on its positive momentum through ongoing investments in automation and technology, as well as stronger collaboration across the workforce.
Kuan said this positions Hartalega to strengthen its competitive edge and respond effectively to future opportunities while navigating near-term headwinds.
