Kossan Rubber Industries (KLSE) Q1 2026 earnings summary

Executive summary

• Revenue for 1Q26 was RM470.4 million, down 3.49% year-over-year from RM487.4 million in 1Q25.

• Profit before tax (PBT) for 1Q26 was RM46.2 million, a 2.12% decrease from RM47.2 million in 1Q25.

• Sequentially, revenue increased 7.03% and PBT rose 4.21% compared to 4Q25.

Financial highlights

• Operating profit for 1Q26 was RM46.3 million, down 3.26% year-over-year.

• Profit after tax for 1Q26 was RM39.8 million, up 10.41% year-over-year.

• Basic earnings per share for 1Q26 was 1.56 sen, up from 1.40 sen in 1Q25.

• No dividends were paid in the quarter.

Outlook and guidance

• Glove demand remains stable but industry faces global oversupply and challenging market conditions.

• Ongoing transformation initiatives in automation, digitalisation, and cost optimisation to enhance competitiveness.

• TRP division expected to face continued challenges from raw material costs and market uncertainties.

• Group remains cautiously optimistic for the year ahead, supported by operational improvements and a diversified portfolio.