Disposable gloves maker UG Healthcare returns to profit as FY26 revenue rises 4.7%

UG Healthcare

26/08/2026 15:00

Overview
Singapore disposable gloves maker's FY26 revenue rose 4.7% year-over-year
Company returned to profitability with FY26 net profit, reversing prior year's loss
Gross margin improved to 28.4% from 24.1% due to operational efficiency

Outlook
Company did not provide specific financial guidance or forecasts for the current or future periods in the press release

Result Drivers
HIGHER SALES VOLUME - Co said revenue growth was driven by increased sales volume of disposable gloves
IMPROVED SELLING PRICES - Co said higher average selling prices for disposable gloves contributed to revenue growth
OPERATIONAL EFFICIENCY - Co said improved operational efficiency and cost management led to higher gross margin

Company press release: ID:nSN6KZzjv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
S$150.82 mln
 
FY Net Income
 
S$2.65 mln
 
FY Gross Margin
 
28.4%
 
FY Gross Profit
 
S$42.87 mln
 
FY Pretax Profit
 
S$4 mln
 

Analyst Coverage
The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 2 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)