Hartalega’s FY25 earnings jump five-fold

KUALA LUMPUR: Hartalega Holdings Bhd’s performance in the financial year ended March 31, 2025 (FY25) – which registered a five-fold jump in bottomline – affirms encouraging signs of recovery for the glove sector.

During the year, the glove maker posted a net profit of RM74.54mil, as compared to RM12.5mil in the previous year.

It reported a revenue of RM2.59bil, up from RM1.84bil in FY24. Earnings per share rose to 2.18 sen from 0.37 sen previously.

In the fourth quarter of the year alone (4Q25), Hartalega recorded a net profit of RM14.48mil, slightly lower than RM14.9mil in the year-ago quarter, on a revenue of RM611.55mil, up from RM530.34mil in 4Q24.

The improved revenue was owing to a higher sales volume and stronger average selling prices.

However, the group said net profit was pulled lower by higher non-operating expenses recognised during the quarter under review.