Kuala lumpur: Top Glove Corporation Bhd is seeking to expedite tax refunds for excess payments to improve cash flow and enhance operational efficiency. Managing director Lim Cheong Guan said that while the company is not seeking major tax incentives ahead of Budget 2026, it hopes for more efficient administrative processes.

According to BERNAMA News Agency, Lim emphasized the company’s understanding of the government’s current fiscal rationalisation efforts and the need to rebuild reserves. However, he highlighted the importance of swift tax refunds for excess payments as a primary request from the government. This administrative step, he argued, would aid in improving the company’s cash flow.

Lim also noted the significance of flexibility in foreign worker intake to meet growing demand, despite increased automation within the company’s operations. He mentioned that the company has managed to reduce its labor dependency significantly to around 1.6 workers per one million pieces of gloves, though some manpower is still necessary.

Top Glove’s executive chairman, Tan Sri Dr Lim Wee Chai, stressed the importance of a stable and efficient policy environment for global competitiveness. He mentioned that while the company does not expect subsidies, it hopes to avoid being burdened with additional costs or taxes. Ensuring profitability is crucial for the company to continue contributing positively to the economy, society, and the country.

Top Glove has recently returned to profitability, posting a net profit of RM109.07 million for the financial year ended August 31, 2025 (FY2025), compared with a net loss of RM64.88 million the previous year. The company’s revenue rose 39 percent year-on-year to RM3.49 billion from RM2.51 billion. The company also declared a final dividend of RM38.5 million for FY2025, payable on December 15, 2025.