KUALA LUMPUR, August 29, 2025 – Hextar Healthcare Berhad (HHB) reported a net loss of RM4.3 million for the quarter ended June 30, 2025, compared to a net loss of RM2.5 million in the same period last year. The 70.3% widening of losses came as revenue slipped to RM39.2 million, representing a 13.5% year-on-year decline, pressured by weaker sales, unfavourable foreign currency movements, and higher operating expenses.
The group acknowledged that its plant operations faced lower capacity utilisation during the quarter, but reaffirmed its commitment to its core reusable glove division, which has remained relatively stable despite soft market demand.
Managing Director Khoo Chin Leng said the Group has taken active steps to address subdued demand and pricing pressures but remains “cautiously optimistic” given the persistent challenges. “We continue to operate in an unfavourable environment characterised by high energy and raw material costs, compounded by global trade and supply chain uncertainties linked to ongoing U.S. tariff policies. While such conditions are expected to persist in the short to medium term, we remain focused on positioning HHB as a leading player in the healthcare industry through continuous innovation and growth,” Khoo added.
Beyond its glove and medical device business, HHB’s diversification strategy into property investment is beginning to show traction. The Group’s 20% stake in Hextar World at Empire City, a flagship shopping and lifestyle mall, is expected to deliver a new source of recurring income when it opens in the fourth quarter of 2025.
HHB’s largest shareholder, Dato’ Eddie Ong Choo Meng, highlighted the importance of this diversification, describing the investment as a timely move to capture opportunities from Malaysia’s robust commercial and retail growth. “Our stake in Hextar World is poised to secure a consistent alternative income stream for the Group in the medium to long term. This aligns with our broader vision of delivering sustainable and solid returns to shareholders,” he said.
Despite near-term headwinds, HHB believes its dual focus on healthcare and property investments will provide resilience and pave the way for long-term growth.
