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1 This document is strictly private, confidential and only for the information of the intended recipients. This document should not be copied, distributed or reproduced in whole or in part, nor passed to any third party without the prior written consent of Hartalega. Hartalega Holdings Berhad Analyst Briefing 10 February 2026 3rd Quarter FY 2026 Financial Results
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2 This document is strictly private, confidential and only for the information of the intended recipients. This document should not be copied, distributed or reproduced in whole or in part, nor passed to any third party without the prior written consent of Hartalega. Q3 FY2026 Financial Results Overview Q3 FY26 Q2 FY26 Q3 FY25 YoY Sales Volume Utilization Rate RM’mil Revenue Operating Profit Profit before tax Profit after tax % of Revenue OP Margin EBITDA Margin PBT Margin PAT Margin • Revenue moderated in 3QFY26, marginally decline by 2% despite a sales volume +3%. This was mainly due to lower ASP as a result of stronger MYR and declined ASP. • Strong growth in margin in both QoQ and YoY, driven by: 1. Effective cost optimizations. 2. Improved production efficiencies benefited from the ongoing automation projects. 3. Higher plant utilization after hibernated plant 3 and 4. Strong Earnings Sustained by Cost Optimization and Automation Efficiencies QoQ 6.2 bil 70% 527 36 29 32 7% 13% 6% 6% 6.0 bil 68% 540 14 23 18 3% 11% 4% 3% 3% 2% (2%) 157% 26% 78% 4.2pts 2.6pts 1.2pts 2.7pts 7.6 bil 86% 738 36 37 19 5% 10% 5% 3% (18%) (16%) (29%) 0% (22%) 68% 2.0pts 3.0pts 0.5pts 3.5pts
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3 This document is strictly private, confidential and only for the information of the intended recipients. This document should not be copied, distributed or reproduced in whole or in part, nor passed to any third party without the prior written consent of Hartalega. Q3 FY2026 Key Financial Highlights Lower revenue amid stronger MYR and lower ASP ▪ Volume continued to grow, +3% (6.0 billion pcs to 6.2 billion pcs) (QoQ). ▪ Lower ASP caused by market forces (QoQ). Robust Profit before Tax ▪ Resilient market demand. ▪ Improved cost efficiency and ongoing cost optimization. Profitability growth ▪ QoQ EBITDA increased to RM70 million from RM64 million (EBITDA margin of 13%) Resilient financial standing ▪ Strong net cash position at around RM1.1 billion as at end-Dec’25 1 2 3 4
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4 This document is strictly private, confidential and only for the information of the intended recipients. This document should not be copied, distributed or reproduced in whole or in part, nor passed to any third party without the prior written consent of Hartalega. Glove Sector Outlook Recovery on track amidst continued market adjustment
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5 This document is strictly private, confidential and only for the information of the intended recipients. This document should not be copied, distributed or reproduced in whole or in part, nor passed to any third party without the prior written consent of Hartalega. Front-loading by US customers in anticipation of higher tariffs resulted in short-term demand surge towards end 2024. Demand stabilising at elevated post-pandemic levels, underpinned by inventory replenishment. Glove demand in 1H CY2026 is forecasted to increase, supported by continued recovery in global health care consumption and hygiene awareness. Long-term structural demand for rubber gloves remain positive at healthy annual growth of around 6%. Global demand outlook Global Demand for Gloves (Billion pcs) 367 384 336 289 357 325 344 365 0 100 200 300 400 2020 2021 2022 2023 2024 FC 25 FC 26 FC 27 Source: International Trade Center (ITC), company estimates Front Loading
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6 This document is strictly private, confidential and only for the information of the intended recipients. This document should not be copied, distributed or reproduced in whole or in part, nor passed to any third party without the prior written consent of Hartalega. Sector outlook: Recovery in Motion, Challenges Remain Sustainable Recovery Ongoing & emerging challenges Demand continues to rise with our capacity utilization rate persistently over 96% (with plant 3 & 4 are hibernated). Malaysian manufacturers’ market share in the U.S has continued to grow compared to other exporting countries. High utilization rate, improved production efficiency and automation are expected to lower down the cost per unit, allowing us to navigate market volatility with greater agility. The continued global oversupply has kept customers highly price-sensitive, and additional capacity is anticipated to be introduced into the market by early CY 2026. The U.S. : China examination glove tariff has reached 120-130% starting 1st January 2026 has further push China manufacturers to accelerate their new supply points in this region. Underlying geopolitical risk remain. This could continue to drive supply chain shifts and heighten pricing competition, while near-term risks remain from potential further MYR appreciation against the USD. Full year impact of new operating cost in CY 2026 (e.g., EPF contribution to foreign worker, enlarged SST, Stamp Duty & etc.)
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7 This document is strictly private, confidential and only for the information of the intended recipients. This document should not be copied, distributed or reproduced in whole or in part, nor passed to any third party without the prior written consent of Hartalega. NGC Focusing on Key Priorities in Our Profitablity Transformation
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8 This document is strictly private, confidential and only for the information of the intended recipients. This document should not be copied, distributed or reproduced in whole or in part, nor passed to any third party without the prior written consent of Hartalega. From Stability to Profitability Plant 9 will be fully commissioned by March 2026, equipped with latest technology, automation, vision systems and advanced production solutions. Designed to deliver for higher yield, product quality and consistency coupled with lower labor intensity. Plant 9 manpower free-up to accelerate restart of Plant 3 that will be upgraded with latest technology to enable capacity readiness without additional headcount increase. To deliver lower cost and margin improvement. Installed capacity Current : 37 billion pcs. p.a Scaling Automation and Process improvement to drive Cost Competitiveness
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