Clover Corporation (CLV) investor relations material

Executive summary

• Achieved record revenue of $86 million for FY2025, up 38% year-over-year from $62.2 million, with strong growth across all metrics.

• Net profit after tax (NPAT) reached $7 million, a significant increase from $1.5 million in the prior year, driven by new customers, higher order volumes, and margin improvements.

• Expanded product portfolio and customer base, with growth in Asia and Europe, and significant operational improvements and debt reduction.

• Strong second-half performance, with revenue of $48.4 million versus $37.6 million in the first half.

• Declared a final dividend of $0.01 per share.

Financial highlights

• EBITDA for the year was $12.1 million, up from $3.9 million year-over-year.

• Gross margin improved by 3 percentage points to 33%, up from 29% year-over-year.

• Cash from operating activities was $8.3 million, with a cash position at $8.7 million and significant debt reduction to $0.9 million.

• EPS improved to 4.20c from 0.87c, and ROE annualized at 9.8% versus 2.3% prior year.

• Inventory at year-end was $24.1 million, with expectations to increase toward $30 million.

Outlook and guidance

• Revenue for the first half of FY2026 expected to be in line with the first half of FY2025, reflecting flat customer demand and stable market conditions.

• Anticipates traditional seasonality with a stronger second half and growth expected to return, dependent on customer orders and forecasts.

• Gross margins expected to remain consistent or marginally improve, supported by increased Ecuador facility output.

• Operating expenses projected to grow at a low single-digit rate, mainly due to wage growth and increased resourcing.

• Strategy focuses on accelerating new product commercialization, expanding market reach, and diversifying into high-growth segments.