Karachi: Clover Pakistan Limited has reported its financial results for the year ended June 30, 2026, revealing a significant increase in revenue and profit. The Board of Directors convened on October 1, 2026, in Karachi, and made key announcements including a 15% issuance of bonus shares, while opting not to declare any cash dividends or right shares.
The company's financial statements indicate a substantial growth in total assets, which rose to 1.94 billion rupees from 653.63 million rupees in the previous year. Noteworthy changes were observed in the non-current assets, which surged to 1.08 billion rupees from 119.52 million rupees, largely due to an increase in property and equipment valued at 691.64 million rupees compared to 33.58 million rupees last year. Current assets also experienced an upward trajectory, reaching 859.81 million rupees from 534.11 million rupees, supported by a significant rise in trade debts.
Clover Pakistan Limited's equity showed commendable growth, with total shareholders' equity increasing to 847.66 million rupees from 531.91 million rupees. This was propelled by a rise in reserves to 458.38 million rupees from 142.63 million rupees. Additionally, the company reported new non-current liabilities, including long-term financing of 36.58 million rupees and lease liabilities amounting to 298.98 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), Clover Pakistan Limited achieved a notable revenue increase to 7.76 billion rupees from 3.68 billion rupees, marking a very large or significant move. The company's gross profit also improved to 507.89 million rupees from 414.98 million rupees, reflecting effective cost management despite the increased cost of sales.
The profit for the year reached 315.75 million rupees, an increase from 253.40 million rupees, with earnings per share rising to 0.81 rupees from 0.65 rupees. The company's operating profit showed a robust increase to 409.66 million rupees from 282.88 million rupees, further contributing to the financial success.
Clover Pakistan Limited's strategic decisions and financial resilience have positioned it strongly in the market, with its latest financial performance underscoring its growth trajectory and potential for future expansion. The company's focus on optimizing its asset base and enhancing shareholder value remains evident in its recent financial disclosures.