Sri Trang Gloves (Thailand) Pcl (STGT) posted a net profit of THB 566.5 million for the quarter ended Jun 30, up 635.0 percent year-on-year, as higher average selling prices for all glove products offset lower shipment volumes and cost pressures linked to Middle-East geopolitical tensions.

Total revenue rose 1.9 percent YoY to THB 6.11 billion, lifting the net profit margin to 9.3 percent from 1.3 percent a year earlier. The board approved an interim dividend of THB 0.25 per share, payable on Sept 11 2026.

Revenue from glove sales benefited from a 13.8 percent YoY increase in average selling price in U.S.-dollar terms to USD 22.36 per 1,000 pieces, and an additional uplift from a 3.1 percent depreciation of the Thai baht. This pricing power helped expand gross profit to THB 1.04 billion, doubling from a year earlier and pushing the gross margin to 17.0 percent. Earnings before tax surged to THB 599.7 million from THB 94.3 million, while EBITDA climbed 67.5 percent YoY to THB 1.26 billion, yielding a 20.6 percent margin.

Headwinds persisted on the volume side: shipments fell 5.9 percent YoY to 8.55 billion pieces as some customers deferred orders amid price volatility. Cost of goods sold declined 7.4 percent on lower volumes, yet raw-material, freight and depreciation charges pushed SG&A up 10.3 percent YoY to THB 478.7 million.

Looking ahead, STGT said it will prioritise cost reductions through expanded automation, adoption of artificial-intelligence systems for machinery optimisation and smart-warehouse solutions. The group intends to maintain flexibility between natural-rubber and nitrile glove production, scale speciality products, and broaden its customer footprint to more than 190 countries. Environmental targets include cutting greenhouse-gas emissions per unit by 20 percent from the 2024 baseline by 2030 and achieving net-zero emissions by 2050.