Supermax Net Loss Widens To RM58.44 Mln In Second Quarter On Forex Losses

KUALA LUMPUR, Feb 24 (Bernama) -- Supermax Corporation Bhd’s net loss widened to RM58.44 million in the second quarter (2Q) of the financial year ending June 30, 2026 (FY2026) from a RM4.92 million loss in the same period last year.

In a Bursa Malaysia filing,  Supermax said the higher losses were due to unrealised losses because of the depreciation of the US dollar against the ringgit and additional operating expenses incurred in its US plant.

Its revenue dropped to RM187.43 million in 2Q FY 2026, from RM198.78 million in the same period last year. This was due to lower sales volume and the weakening of the US dollar, although the average selling price was higher compared to the corresponding quarter a year ago.

For the first six months of fiscal 2026 (6M FY2026), Supermax posted a higher net loss of RM193.05 million compared to RM69.55 million in 6M FY2025, while revenue fell to RM393 million compared to RM423.47 million previously.

On its prospects, the company said production in its US plant started last quarter, and that Supermax is securing contracts with US customers.

“Supermax benefits from the severe US tariffs on Chinese gloves, directly serving US buyers who are seeking a non-China supply. This promises to be a direct competitive advantage as its gloves are exempt from all US import tariffs.

“In Malaysia, Supermax has stopped its older production lines to focus on efficient production lines with automation, and with this, the strategy of internal optimisation remains its core long-term efforts to boost productivity and reduce operational costs,” it added.

-- BERNAMA