Kuala lumpur: Supermax Corporation Bhd's net loss expanded to RM58.44 million in the second quarter (2Q) of the financial year ending June 30, 2026 (FY2026), compared to a RM4.92 million loss in the same period last year.

According to BERNAMA News Agency, the company attributed the increased losses to unrealised forex losses driven by the depreciation of the US dollar against the ringgit, as well as additional operating expenses incurred at its US plant. Supermax's revenue fell to RM187.43 million in 2Q FY2026, down from RM198.78 million in the same quarter last year. The decline was attributed to lower sales volume and the weakening US dollar, despite a higher average selling price compared to the previous year.

For the first half of fiscal 2026 (6M FY2026), Supermax reported a net loss of RM193.05 million, a significant increase from the RM69.55 million loss in 6M FY2025. Revenue for the same period decreased to RM393 million, down from RM423.47 million previously.

Looking ahead, Supermax highlighted that production at its US plant commenced last quarter and the company is actively securing contracts with US customers. The company emphasized that it benefits from stringent US tariffs on Chinese gloves, positioning Supermax as a preferred supplier for US buyers seeking non-China sourced products. Its gloves are exempt from US import tariffs, offering a competitive edge in the market.

In Malaysia, Supermax has ceased operations on older production lines to concentrate on more efficient, automated lines. This strategic shift towards internal optimization is aimed at enhancing productivity and reducing operational costs over the long term.