The business, the people and the ownership behind Top Glove.
Business overview
Top Glove manufactures and trades gloves and other healthcare-related products. Its business supplies protective products to customers through its manufacturing and distribution operations.
Listed security
Board & management
Board composition is disclosed as at 10 December 2025. Board appointment dates are distinct from management appointments and re-election dates. Managing Director is retained as the original role; no CEO title is inferred.
Lim Jin Feng is disclosed as the son of Tan Sri Dr Lim Wee Chai and Puan Sri Tong Siew Bee. Executive Committee membership does not itself imply membership of the Board of Directors.
Executive Chairman
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 4 September 2000
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Managing Director
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 31 August 2006
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Executive Director
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 4 September 2000
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Executive Director
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 1 August 2022
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Senior Independent Non-Executive Director
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 12 May 2017
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Independent Non-Executive Director
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 8 January 2019
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Independent Non-Executive Director
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 26 March 2024
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Independent Non-Executive Director
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 30 June 2024
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Independent Non-Executive Director
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Board appointment: 28 February 2025
Board of Directors; date is first board appointment, separate from re-election and management-role appointment As reported at 2025-12-10Director, Marketing
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Management appointment: 2 February 2021
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Director, Marketing
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Management appointment: 1 January 2022
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Senior General Manager, Joint Manufacturing Council
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Management appointment: 1 September 2023
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10General Manager, Sourcing & Procurement
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Management appointment: 1 September 2023
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Senior General Manager, Manufacturing
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Management appointment: 1 December 2023
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Deputy General Manager, Manufacturing
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Management appointment: 26 February 2025
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10General Manager, Human Resources
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Management appointment: 6 June 2025
Executive Committee / key senior management; management appointment date, separate from board membership As reported at 2025-12-10Roles listed in Integrated Annual Report 2025; current appointments are not independently verified.
Holdings
Shareholdings as at 25 November 2025. Percentages use 8,017,964,578 issued ordinary shares excluding 199,764,300 treasury shares. Registered nominees and custodian accounts do not establish ultimate beneficial ownership. Warrantholdings are a separate disclosure and are not counted as ordinary shares.
Indirect / deemed interests arise through related holders, Firstway United Corp, Top Fortress Ventures Limited and TS Dr Lim WC (L) Foundation, as specified in the original notes. Direct, indirect and registered-account disclosures may overlap; no aggregate beneficial stake is inferred.
Direct: 2,280,302,456 shares (28.44%); indirect / deemed: 707,108,248 shares (8.82%); interests may overlap and are not additive. Deemed interested by virtue of the shareholding of Puan Sri Tong Siew Bee, Mr Lim Hooi Sin, Mr Lim Jin Feng, Firstway United Corp, Top Fortress Ventures Limited and TS Dr Lim WC (L) Foundation in Top Glove.
Register of Substantial Shareholders; direct and indirect / deemed capacities separately disclosedDirect: 17,562,876 shares (0.22%); indirect / deemed: 2,969,847,828 shares (37.04%); interests may overlap and are not additive. Deemed interested by virtue of the shareholding of Tan Sri Dr Lim Wee Chai, Mr Lim Hooi Sin, Mr Lim Jin Feng, Firstway United Corp, Top Fortress Ventures Limited and TS Dr Lim WC (L) Foundation in Top Glove.
Register of Substantial Shareholders; direct and indirect / deemed capacities separately disclosedDirect: 114,478,044 shares (1.43%); indirect / deemed: 2,872,732,660 shares (35.83%); interests may overlap and are not additive. Deemed interested by virtue of the shareholding of Tan Sri Dr Lim Wee Chai, Puan Sri Tong Siew Bee, Firstway United Corp, Top Fortress Ventures Limited and TS Dr Lim WC (L) Foundation in Top Glove.
Register of Substantial Shareholders; direct and indirect / deemed capacities separately disclosedDirect: 200,000 shares (0.00%); indirect / deemed: 2,872,732,660 shares (35.83%); interests may overlap and are not additive. Deemed interested by virtue of the shareholding of Tan Sri Dr Lim Wee Chai, Puan Sri Tong Siew Bee, Firstway United Corp, Top Fortress Ventures Limited and TS Dr Lim WC (L) Foundation in Top Glove.
Register of Substantial Shareholders; direct and indirect / deemed capacities separately disclosedDirect: 554,966,328 shares (6.92%); indirect / deemed: -; interests may overlap and are not additive.
Register of Substantial Shareholders; direct and indirect / deemed capacities separately disclosedDirect: 442,703,250 shares (5.52%); indirect / deemed: 85,729,500 shares (1.07%); interests may overlap and are not additive.
Register of Substantial Shareholders; direct and indirect / deemed capacities separately disclosedTotal interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2025-11-25 · PDF p. 94
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| Citigroup Nominees (Asing) Sdn. Bhd. - Exempt An for The Central Depository (Pte) Limited | 1,222,422,760 shares (15.25%) | PDF p. 942025-11-25 | |
| Kumpulan Wang Persaraan (Diperbadankan) | 442,703,250 shares (5.52%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Tempatan) Sdn. Bhd. - Exempt An for Bank of Singapore Limited (Local) | 331,300,500 shares (4.13%) | PDF p. 942025-11-25 | |
| CIMSEC Nominees (Tempatan) Sdn. Bhd. - CIMB for Tan Sri Dr Lim Wee Chai (PB) | 253,741,856 shares (3.16%) | PDF p. 942025-11-25 | |
| CIMSEC Nominees (Asing) Sdn. Bhd. - CIMB for Firstway United Corp (PB) | 241,845,528 shares (3.02%) | PDF p. 942025-11-25 | |
| UOBM Nominees (Tempatan) Sdn. Bhd. - United Overseas Bank Nominees (Pte) Ltd for Tan Sri Dr Lim Wee Chai | 228,000,000 shares (2.84%) | PDF p. 942025-11-25 | |
| Cartaban Nominees (Tempatan) Sdn. Bhd. - Exempt An for Union Bancaire Privée, UBP SA, Singapore Branch | 210,000,000 shares (2.62%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Tempatan) Sdn. Bhd. - Exempt An for UBS Switzerland AG (MY-RES) | 198,000,000 shares (2.47%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Asing) Sdn. Bhd. - Exempt An for UBS AG Singapore (Foreign) | 165,410,000 shares (2.06%) | PDF p. 942025-11-25 | |
| HSBC Nominees (Tempatan) Sdn. Bhd. - Pledged securities account – HBAP SG for Tan Sri Dr Lim Wee Chai (PB-SGDIV) | 114,000,000 shares (1.42%) | PDF p. 942025-11-25 | |
| Cartaban Nominees (Tempatan) Sdn. Bhd. - Standard Chartered Bank (Singapore) Limited for Tan Sri Dr Lim Wee Chai | 100,000,000 shares (1.25%) | PDF p. 942025-11-25 | |
| CIMB Group Nominees (Tempatan) Sdn. Bhd. - Pledged securities account – Cathay United Bank for Tan Sri Dr Lim Wee Chai | 99,000,000 shares (1.23%) | PDF p. 942025-11-25 | |
| Maybank Nominees (Tempatan) Sdn. Bhd. - Nomura Singapore Limited for Tan Sri Dr Lim Wee Chai (419597) | 90,000,000 shares (1.12%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Tempatan) Sdn. Bhd. - UBS AG Singapore for Tan Sri Dr Lim Wee Chai | 80,800,000 shares (1.01%) | PDF p. 942025-11-25 | |
| HLB Nominees (Tempatan) Sdn. Bhd. - Pledged securities account for Tan Sri Dr Lim Wee Chai (SIN 8001084) | 72,600,000 shares (0.91%) | PDF p. 942025-11-25 | |
| HSBC Nominees (Tempatan) Sdn. Bhd. - Exempt An for BNP Paribas Singapore Branch (Local) | 72,000,000 shares (0.90%) | PDF p. 942025-11-25 | |
| HSBC Nominees (Asing) Sdn. Bhd. - JPMCB NA for Vanguard Total International Stock Index Fund | 71,658,498 shares (0.89%) | PDF p. 942025-11-25 | |
| HSBC Nominees (Asing) Sdn. Bhd. - JPMCB NA for Vanguard Emerging Markets Stock Index Fund | 67,000,690 shares (0.84%) | PDF p. 942025-11-25 | |
| Lim Hooi Sin | 61,736,760 shares (0.77%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Tempatan) Sdn. Bhd. - Employees Provident Fund Board (RHB INV) | 55,000,000 shares (0.69%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Asing) Sdn. Bhd. - CBNY For iShares Core MSCI Emerging Markets ETF | 51,830,200 shares (0.65%) | PDF p. 942025-11-25 | |
| Cartaban Nominees (Tempatan) Sdn. Bhd. - LGT Bank AG (Tempatan) for Tan Sri Dr Lim Wee Chai | 49,551,000 shares (0.62%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Asing) Sdn. Bhd. - CBLDN for Polunin Developing Countries Fund, LLC | 48,099,700 shares (0.60%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Tempatan) Sdn. Bhd. - Bank of Singapore Limited for Tan Sri Dr Lim Wee Chai | 48,000,000 shares (0.60%) | PDF p. 942025-11-25 | |
| Amanahraya Trustees Berhad - Amanah Saham Bumiputera Permodalan Nasional Berhad | 40,000,000 shares (0.50%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Asing) Sdn. Bhd. - UBS AG | 39,363,276 shares (0.49%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Tempatan) Sdn. Bhd. - Kumpulan Wang Persaraan (Diperbadankan) (Aberdeen) | 39,328,800 shares (0.49%) | PDF p. 942025-11-25 | |
| Citigroup Nominees (Tempatan) Sdn. Bhd. - Exempt An for AIA Bhd. | 38,162,700 shares (0.48%) | PDF p. 942025-11-25 | |
| HSBC Nominees (Asing) Sdn. Bhd. - JPMCB NA for Vanguard Fiduciary Trust Company Institutional Total International Stock Market Index Trust II | 37,397,900 shares (0.47%) | PDF p. 942025-11-25 | |
| Amanahraya Trustees Berhad - Amanah Saham Malaysia 2 – Wawasan Permodalan Nasional Berhad | 37,000,000 shares (0.46%) | PDF p. 942025-11-25 | |
Group structure
Subsidiary schedule reflects FY2025 and FY2024 ownership interests and the original holding entities. Repeated TG Meditech entries reflect different holding contexts, not two companies. Group effective ownership may differ from a subsidiary’s direct ownership; original qualifications are retained.
Great Glove (Xinghua) has a FY2025 dash and FY2024 100% following deregistration on 7 February 2025. Top Dynamic, TG Medical UK and TG Treasury have no FY2024 schedule interest. TG Meditech interest under Top Quality Glove was diluted to 60% during FY2025.
Nephro TGGD Cares was incorporated on 21 July 2025. The original JV table shows FY2025 group interest 22.5% and FY2024 dash, while its direct-holder footnote prints 30.0% for both years; these source notations are retained separately.
| Company | Market | Ownership interest |
|---|---|---|
| Top Glove Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Manufacturing and trading of gloves; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| TG Medical Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Manufacturing and trading of examination, surgical and nitrile gloves, general trading and investment holding; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| Great Glove (Malaysia) Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Company temporarily ceased business operation; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| Top Glove Engineering Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Manufacturing and supply of engineering parts and general contractors of all kinds of rubber gloves machinery; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| TG Medical (U.S.A.), Inc.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | United States of America; Trading of gloves; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| Top Quality Glove Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Manufacturing and trading of gloves, rubber products and cast polyethylene products; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| Top Care Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Investment holding; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| GMP Medicare Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Manufacturing and trading of gloves and rubber products and general trading; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| Eastern Press Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Manufacturing of packaging materials, boxes and cartons; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| Top Feel Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Manufacture and sale of condoms, rubber related products, and disposable and medical face masks; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| Top Glove Labuan Ltd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Investment holding; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| Top Glove Global Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Provision of management services; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| TG Healthcare Sdn. Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Manufacturing and trading of personal care and home care products; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| TG Worldwide Sdn Bhd.Held by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Trading and provision of value added services; ownership interest: FY2025 100%, FY2024 100%. Held by the Company: | |
| TG Treasury BerhadHeld by the Company: Original schedule interests; group-effective qualifications retained separately.PDF p. 59 | Malaysia; Provision of financial and treasury services to the Group; ownership interest: FY2025 100%, FY2024 -. Held by the Company: | |
| Great Glove (Thailand) Co. Ltd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Thailand; Manufacturing and trading of gloves; ownership interest: FY2025 74%, FY2024 74%. Held through Top Glove Sdn. Bhd.: | |
| Top Glove Medical (Thailand) Co. Ltd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Thailand; Manufacturing and trading of gloves; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: Source effective-interest qualification: ^ The total equity interests held by the Group is 100% and it is held by the following subsidiaries: 2025 2024 61.5% (i) Top Glove Sdn. Bhd. 61.5% 38.5% (ii) TG Medical Sdn. Bhd. 38.5% | |
| Top Glove Technology (Thailand) Co. Ltd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Thailand; Producing and selling rubber products; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| B Tech Industry Co. Ltd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Thailand; Producing and selling concentrate latex; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| Top Quality Gloves (Thailand) Co. Ltd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Thailand; Dormant; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| Top Glove Europe GmbHHeld through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Germany; Trading of gloves; ownership interest: FY2025 97.5%, FY2024 97.5%. Held through Top Glove Sdn. Bhd.: | |
| Great Glove (Xinghua) Co. Ltd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | The People’s Republic of China; Manufacturing and trading of gloves; ownership interest: FY2025 -, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| Top Glove International Sdn. Bhd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Research and development on gloves and rubber goods and provision of analytical services; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| Top Glove Properties Sdn. Bhd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Property investment, consultancy services and electrical engineering works; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| Medi-Flex Pte. Ltd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Singapore/ Malaysia; Investment holding; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| BestStar Enterprise Ltd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | The British Virgin Islands/ Malaysia; Investment holding; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| Flexitech Sdn. Bhd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Manufacturing of gloves, general trading, property investment; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| TG Porcelain Sdn. Bhd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Manufacturing of formers; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd.: | |
| TGGD Medical Clinic Sdn. Bhd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Providing clinical and specialist medical services, medical related consultancy and advisory services and emergency medical services; ownership interest: FY2025 75%, FY2024 75%. Held through Top Glove Sdn. Bhd.: | |
| TG FMT Sdn. Bhd.Held through Top Glove Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Manufacturing and trading of functional fillers; ownership interest: FY2025 70%, FY2024 70%. Held through Top Glove Sdn. Bhd.: | |
| Top Glove Chemicals Sdn. Bhd.Held through Top Glove Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Providing advisory services and manufacturing of chemicals and chemical compounds; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd. (cont’d): | |
| Top Glove Vietnam Company LimitedHeld through Top Glove Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Vietnam; Manufacturing of vinyl gloves and other products; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd. (cont’d): | |
| TG Excellence BerhadHeld through Top Glove Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Special purpose vehicle solely for issuance of Perpetual Sukuk; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd. (cont’d): | |
| Top Academy Sdn. Bhd.Held through Top Glove Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Organise in-house trainings and public trainings/programs; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd. (cont’d): | |
| Top Biotech Sdn. Bhd.Held through Top Glove Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; General contractors of all kinds of rubber gloves machinery; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd. (cont’d): | |
| Top Protect UK Ltd.Held through Top Glove Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | United Kingdom; Agents involved in the sale of variety of goods, wholesale of pharmaceutical goods, buying and selling of own real estate; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Sdn. Bhd. (cont’d): | |
| Top Glove Medical UK Ltd.Held through Top Glove Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | United Kingdom; Agents involved in the sale of variety of goods, wholesale of pharmaceutical goods, buying and selling of own real estate; ownership interest: FY2025 100%, FY2024 -. Held through Top Glove Sdn. Bhd. (cont’d): | |
| TG Meditech Sdn. Bhd.Held through Great Glove (Malaysia) Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Manufacturing and trading of healthcare products; ownership interest: FY2025 -, FY2024 100%. Held through Great Glove (Malaysia) Sdn. Bhd.: | |
| Top Healthy Fitness Sdn. Bhd.Held through TG Medical Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Establishing and maintaining of fitness related business, including healthcare, slimming centres, gymnasiums and other related activities; ownership interest: FY2025 100%, FY2024 100%. Held through TG Medical Sdn. Bhd.: | |
| TG Raytech Sdn. Bhd.Held through TG Medical Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Gamma irradiation for sterilisation of gloves and medical devices; ownership interest: FY2025 99.4%, FY2024 99.4%. Held through TG Medical Sdn. Bhd.: | |
| Top Synthetic Rubber Sdn. Bhd.Held through TG Medical Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Manufacturing and trading of chemical products; ownership interest: FY2025 100%, FY2024 100%. Held through TG Medical Sdn. Bhd.: | |
| Best Advance Resources LimitedHeld through Top Care Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 60 | Malaysia; Investment holding; ownership interest: FY2025 100%, FY2024 100%. Held through Top Care Sdn. Bhd.: | |
| Green Resources LimitedHeld through Top Care Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Investment holding; ownership interest: FY2025 100%, FY2024 100%. Held through Top Care Sdn. Bhd. (cont’d): | |
| Aspion Sdn. Bhd.Held through Top Care Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Investment holding; ownership interest: FY2025 100%, FY2024 100%. Held through Top Care Sdn. Bhd. (cont’d): | |
| TG Efficient Sdn. Bhd.Held through Top Care Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Manufacturing of rubber gloves; ownership interest: FY2025 100%, FY2024 100%. Held through Top Care Sdn. Bhd. (cont’d): | |
| Great Glove (Su Zhou) Co. Ltd.Held through Top Care Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | The People’s Republic of China; Trading of gloves and healthcare related products; ownership interest: FY2025 60%, FY2024 60%. Held through Top Care Sdn. Bhd. (cont’d): | |
| Duramedical Sdn. Bhd.Held through Top Feel Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Manufacturing of rubber dental dams and exercise bands; ownership interest: FY2025 85%, FY2024 85%. Held through Top Feel Sdn. Bhd.: | |
| PT. Topglove IndonesiaHeld through Best Advance Resources Limited: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Indonesia; Providing management services in plantation sector and processing of plantation produce; ownership interest: FY2025 100%, FY2024 100%. Held through Best Advance Resources Limited: Source effective-interest qualification: ^^ The total equity interests held by the Group is 100% and it is held by the following subsidiaries: 2025 2024 99.9% (i) Best Advance Resources Limited 99.9% 0.1% (ii) Green Resources Limited 0.1% | |
| PT. Agro Pratama SejahteraHeld through PT. Topglove Indonesia: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Indonesia; Industrial forest plantation; ownership interest: FY2025 95%, FY2024 95%. Held through PT. Topglove Indonesia: | |
| PT. Top Green ForestryHeld through PT. Agro Pratama Sejahtera: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Indonesia; Forestry and industry; ownership interest: FY2025 57%, FY2024 57%. Held through PT. Agro Pratama Sejahtera: Source effective-interest qualification: Ω The total effective equity interests held by the Group is 57% and it is held by the following subsidiary: 2025 2024 60.0% PT. Agro Pratama Sejahtera 60.0% | |
| Adventa Health Sdn. Bhd.Held through Aspion Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Distribution of medical gloves and other hospital related products; ownership interest: FY2025 100%, FY2024 100%. Held through Aspion Sdn. Bhd.: | |
| Terang Nusa (Malaysia) Sdn. Bhd.Held through Aspion Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Manufacturing and distribution of sterile surgical gloves; ownership interest: FY2025 100%, FY2024 100%. Held through Aspion Sdn. Bhd.: | |
| Cytotec (M) Sdn. Bhd.Held through Aspion Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Generation and supply of energy and electricity using biomass technology; ownership interest: FY2025 100%, FY2024 100%. Held through Aspion Sdn. Bhd.: | |
| Purnabina Sdn. Bhd.Held through Aspion Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Manufacturing and distribution of medical gloves; ownership interest: FY2025 97.2%, FY2024 97.2%. Held through Aspion Sdn. Bhd.: Source effective-interest qualification: ^^^ The total equity interests held by the Group is 97.2% and it is held by the following subsidiaries: 2025 2024 95.2% (i) Aspion Sdn. Bhd. 95.2% 2.0% (ii) Terang Nusa (Malaysia) Sdn. Bhd. 2.0% | |
| Sentienx Sdn. Bhd.Held through Aspion Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Manufacturing and distribution of medical gloves and synthetic latex; ownership interest: FY2025 100%, FY2024 100%. Held through Aspion Sdn. Bhd.: | |
| Terang Nusa Sdn. Bhd.Held through Aspion Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Dormant; ownership interest: FY2025 100%, FY2024 100%. Held through Aspion Sdn. Bhd.: | |
| Suizze Health LtdHeld through Aspion Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Hong Kong/ Malaysia; Investment holding; ownership interest: FY2025 100%, FY2024 100%. Held through Aspion Sdn. Bhd.: | |
| Ulma International GmbHHeld through Aspion Sdn. Bhd. (cont’d): Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Germany; Distribution of medical gloves and other hospital related products; ownership interest: FY2025 51%, FY2024 51%. Held through Aspion Sdn. Bhd. (cont’d): | |
| TG Ecommerce Sdn. Bhd.Held through GMP Medicare Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; E-commerce activities for glove trading and other healthcare products; ownership interest: FY2025 100%, FY2024 100%. Held through GMP Medicare Sdn. Bhd.: | |
| Kevenoll Do Brasil Produtos Medicos Hospitalares LTDAHeld through Suizze Health Ltd: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Brazil; Distribution of medical products and medical devices; ownership interest: FY2025 100%, FY2024 100%. Held through Suizze Health Ltd: Source effective-interest qualification: ^^^^ The total equity interests held by the Group is 100% and it is held by the following subsidiaries: 2025 2024 0.1% (i) Aspion Sdn. Bhd. 0.1% 99.9% (ii) Suizze Health Ltd 99.9% | |
| Healthy Hostel Sdn. Bhd.Held through Top Glove Properties Sdn. Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Provision of accommodation services; ownership interest: FY2025 100%, FY2024 100%. Held through Top Glove Properties Sdn. Bhd.: | |
| Top Dynamic (Thailand) Co. Ltd.Held through Top Glove Medical (Thailand) Co. Ltd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Thailand; Selling of rubber gloves; ownership interest: FY2025 99.9%, FY2024 -. Held through Top Glove Medical (Thailand) Co. Ltd.: | |
| TG Meditech Sdn. Bhd.Held through Top Quality Glove Sdn Bhd.: Original schedule interests; group-effective qualifications retained separately.PDF p. 61 | Malaysia; Manufacturing and trading of gloves; ownership interest: FY2025 60%, FY2024 -. Held through Top Quality Glove Sdn Bhd.: | |
| Value Add Sdn. Bhd.Held through Top Glove Sdn. Bhd.PDF p. 62 | Malaysia; Investment holding; FY2025 group interest 27%; FY2024 27%. | |
| Nephro TGGD Cares Sdn. Bhd.Held through TGGD Medical Clinic Sdn. Bhd.; group-effective interest differs from subsidiary direct ownershipPDF p. 63 | Malaysia; Operating a dialysis service centre; FY2025 group interest 22.5%; FY2024 -. for the financial year ended 31 August 2025. ΩΩ The total effective equity interests held by the Group is 22.5% and it is held by the following subsidiary: 2025 2024 30.0% TGGD Medical Clinic Sdn. Bhd. 30.0% The original FY2024 entity-table dash and footnote 30.0% are both retained. | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Gross dividends | 514,126 RM'000 | Company, transactions with subsidiaries, 2025 (2024: -) | PDF p. 74 |
| Management fees | 4,397 RM'000 | Company, transactions with subsidiaries, 2025 (2024: 4,277) | PDF p. 74 |
| Interest income | 4,668 RM'000 | Company, transactions with subsidiaries, 2025 (2024: 1,578) | PDF p. 74 |
| Compensation of key management personnel | 10,764 RM'000 | Group 2025 (2024: 10,350); Company 2025 3,975 (2024: 3,354) | PDF p. 74 |
| Recurrent Related Party Transactions | During FY2025, there were no recurrent related party transactions of a revenue or trading nature involving the Directors and/or substantial shareholders of the Company. | FY2025 | PDF p. 23 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Contingent liabilities (a) | seeking damages of RM9.4 million | Group subsidiary; claim filed 13 May 2024; settled 19 March 2025 for RM2.5 million | PDF p. 75 |
| Contingent liabilities (b) | RM22.9 million | Group subsidiary negotiating with supplier from Malaysia | PDF p. 75 |
| Contingent liabilities (c) | claiming RM39.7 million for its losses | Three Group subsidiaries; arbitration in Singapore | PDF p. 75 |
| FINANCIAL GUARANTEES | A nominal amount of RM828 million (2024: RM398 million) relating to corporate guarantees | Company guarantees for loans and borrowings and Senior Sukuk of subsidiaries | PDF p. 84 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Total executive directors' remuneration | 5,395 RM'000 | Group 2025 (2024: 4,728); Company 2025 3,927 (2024: 3,292) | PDF p. 52 |
| Total non-executive directors' remuneration | 768 RM'000 | Group 2025 (2024: 911); Company 2025 768 (2024: 911) | PDF p. 52 |
| Total directors’ remuneration (including benefits-in-kind) | 6,212 RM'000 | Group 2025 (2024: 5,704); Company 2025 4,742 (2024: 4,265) | PDF p. 52 |
| Total directors’ remuneration | 3,722 RM'000 | Group, directors of the subsidiaries, 2025 (2024: 3,884) | PDF p. 53 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| EMPLOYEES | 10,300 employees | Group, as at 25 November 2025 · As at 2025-11-25 | PDF p. 100 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| LOOKING AHEAD | The Company remains optimistic and takes a long-term view of industry prospects | Corporate Governance Overview Statement, FY2026 outlook | PDF p. 14 |
Extracted from Integrated Annual Report 2025 and checked against the cited pages; see the original report for full context.
Corporate information
