Clover Corporation (CLV) AGM 2025 summary

Opening remarks and agenda

• Chairman welcomed shareholders to the 2025 AGM, confirming quorum and hybrid meeting format with both physical and virtual attendance.

• Introduced board members and outlined procedures for questions and voting, including use of the Computershare platform.

• Meeting included formal business, adoption of annual accounts, director retirements and elections, remuneration report, incentive plans, and adoption of a new constitution.

Financial performance review

• FY2025 revenue reached AUD 86 million, up 38% year-on-year, with EBITDA at AUD 12.2 million and strong cash position of AUD 8.9 million.

• NPAT rose 370% and EBITDA was up 217% on the prior year, reflecting margin improvements and operational discipline.

• Net assets increased, borrowings reduced, and operating expenses rose 22% to support growth.

• Record Q4 invoiced product volumes and expanded customer base supported growth.

• Final dividend declared at AUD 0.01 per share, up from AUD 0.0075.

Board and executive committee updates

• Graeme Billings retired after significant contributions, including strengthening governance and risk management.

• Fiona Pearce appointed as new Audit and Risk Chair, bringing extensive financial and board experience.

• Dr. Simon Green re-elected and Fiona Pearse elected as Non-Executive Directors.

• Simon Green reaffirmed commitment as Innovation and Development Committee Chair, emphasizing R&D focus.