GLG expects up to US$2M net loss in FY26

• GLG Corp announced an expected unaudited net loss of US$2 million for FY26.
• Following the announcement, the GLG Corp share price was unchanged at $0.14.
• The anticipated net loss is driven by tariff pressures, currency movements, and higher operating costs from rising oil prices.

GLG Corp (ASX:GLE) expects to record an unaudited net loss of US$2 million for FY206.

The projected figures reflect preliminary management estimates for the financial year ended June 30.

The company stated that tariff-related challenges impacted its pricing strategies alongside depreciation of the US dollar relative to the Malaysian ringgit and Singapore dollar.

Higher material and operating costs were further driven by rising oil prices linked to Middle East conflicts and ongoing macroeconomic uncertainty.

Following the announcement, the GLG Corp share price was unchanged at $0.14.

The company stated that it is scheduled to announce its full-year FY26 results by the end of August.

GLG Corp operates internationally in the manufacture and supply of apparel, garments, and textile products.