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Clover Corporation Limited (ASX:CLV)

ALERT: Price-sensitive ASX Announcement for CLV
Current share price for CLV : $0.880 0.135 (18.12%)+
Announcement
Release
24 Mar 2026 8:19AM
Price at Release
$0.745
Full Release
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Summary
Clover Corporation Limited reported its financial results for the half-year ended January 31, 2026. The company achieved a 17% revenue growth, reaching $44.1 million, driven by product diversification and improved market conditions. Net profit after tax increased by 90% to $4.2 million compared to the previous year. Clover's operational improvements and strategic initiatives in product mix and manufacturing efficiencies contributed to a higher EBITDA of $6.9 million. The company continues to innovate with non-allergenic and plant-based powders and is expanding its market reach, particularly in Europe and ANZ. A fully franked interim dividend of 1.00 cent per share was declared. Looking ahead, Clover anticipates sustained momentum into the second half of FY26 with revenue projections between $92 to $96 million.
Key Points
  • Clover Corporation reported a 17% revenue increase to $44.1 million for 1H FY26.
  • Net profit after tax rose by 90% to $4.2 million.
  • EBITDA improved to $6.9 million due to strategic initiatives.
  • The company is focusing on product diversification and market expansion.
  • An interim dividend of 1.00 cent per share was declared.
  • Revenue projection for FY26 is between $92 to $96 million.
  • Operational improvements included enhanced manufacturing efficiencies.
  • Clover continues to innovate with new product solutions such as non-allergenic powders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.