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CLOV Clover Pakistan Limited

Latest results: FY2025 · Jun 2025 Q4 FY2026 · Apr – Jun 2026

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Last close · 16 Oct 2026

Rs 5.79 -0.17%

Quarterly · Q1 FY2022 – Q4 FY2026

Clover Pakistan Limited (CLOV) quarterly balance sheet

At the end of Q4 FY2026 (Apr – Jun 2026) Clover Pakistan Limited had total assets of Rs 1.9 bn, up 196.6% on Q4 FY2025. Current assets of Rs 859.8 mn covered current liabilities of Rs 755.3 mn 1.14 times. Shareholders' equity was Rs 847.7 mn, 43.7% of total assets.

CLOV balance sheet (quarterly) (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Assets
Cash & short-term investments 128.9 35.5 33.6 71.9 40.1 66.9 7.0 55.5
Trade receivables 527.8 25.9 70.4 28.7 16.6 8.2 12.2 8.3
Inventories 126.0 484.4 417.6 466.5 288.1 317.0 49.6 98.6
Other current assets 0.0 — — — — — — —
Total current assets 859.8 676.2 638.4 607.7 534.1 559.7 494.4 370.2
Property, plant & equipment 691.6 293.1 303.3 32.5 33.6 4.8 5.5 6.3
Intangible assets — — — — — — — —
Long-term investments 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other non-current assets 77.5 108.2 102.8 101.2 85.9 52.4 45.6 39.6
Total non-current assets 1,078.7 401.3 406.1 133.7 119.5 57.3 51.1 45.9
Total assets 1,938.5 1,077.6 1,044.5 741.4 653.6 617.0 545.5 416.1
Liabilities
Trade payables 682.3 280.3 355.5 171.3 63.1 68.1 43.7 22.5
Total current liabilities 755.3 349.2 409.9 180.4 121.7 126.2 95.2 49.9
Other non-current liabilities — — — — — — — —
Total non-current liabilities — — — — — — — —
Total liabilities 1,090.8 349.2 409.9 180.4 121.7 126.2 95.2 49.9
Equity
Share capital 389.3 389.3 389.3 389.3 389.3 389.3 311.4 311.4
Reserves & retained earnings 458.4 339.1 245.3 171.8 142.6 101.5 138.9 54.8
Equity attributable to shareholders 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Non-controlling interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total equity 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Total liabilities & equity 1,938.5 1,077.6 1,044.5 741.4 653.6 617.0 545.5 416.1
Key figures
Net debt / (net cash) (128.9) (35.5) (33.6) (71.9) (40.1) (66.9) (7.0) (55.5)
Shares outstanding mn — 447.7 447.7 447.7 447.7 447.7 447.7 447.7
Common equity 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Book value per share (Rs) Rs — 1.63 1.42 1.25 1.19 1.10 1.01 0.82
CLOV balance sheet — year-on-year change (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Assets
Cash & short-term investments +221.9% -46.9% +378.1% +29.6% +2,922.8% +66.2% +0.3% +1,303.3%
Trade receivables +3,087.5% +214.9% +479.4% +247.4% -2.1% -95.0% +7.5% -9.6%
Inventories -56.3% +52.8% +741.8% +373.1% +397.2% +32,016.2% +109.9% +340.6%
Other current assets — — — — — — — —
Total current assets +61.0% +20.8% +29.1% +64.2% +89.5% +128.0% +362.9% +255.7%
Property, plant & equipment +1,959.6% +6,002.3% +5,453.0% +417.7% +385.4% -35.7% -32.8% -26.5%
Intangible assets — — — — — — — —
Long-term investments +6.7% +3.4% +3.4% +15.4% +15.4% +16.0% +16.0% +18.2%
Other non-current assets -9.8% +106.4% +125.5% +155.4% +116.9% +42,179.8% +36,666.9% +8,741.3%
Total non-current assets +802.5% +600.9% +695.0% +191.2% +156.7% +652.1% +517.0% +408.9%
Total assets +196.6% +74.7% +91.5% +78.2% +99.0% +143.8% +374.0% +267.9%
Liabilities
Trade payables +981.0% +311.5% +712.8% +662.8% +110.2% -7.8% +97.6% +60.3%
Total current liabilities +520.5% +176.7% +330.4% +261.2% +143.8% +42.1% +156.1% +68.2%
Other non-current liabilities — — — — — — — —
Total non-current liabilities — — — — — — — —
Total liabilities +796.2% +176.7% +330.4% +261.2% +143.8% +42.1% +156.1% +68.2%
Equity
Share capital 0.0% -0.0% +25.0% +25.0% +25.0% +25.0% 0.0% 0.0%
Reserves & retained earnings +221.4% +234.2% +76.7% +213.7% — — — —
Equity attributable to shareholders +59.4% +48.4% +40.9% +53.2% +91.0% +198.7% +477.9% +339.0%
Non-controlling interest — — — — — — — —
Total equity +59.4% +48.4% +40.9% +53.2% +91.0% +198.7% +477.9% +339.0%
Total liabilities & equity +196.6% +74.7% +91.5% +78.2% +99.0% +143.8% +374.0% +267.9%
Key figures
Net debt / (net cash) — — — — — — — —
Shares outstanding — — — — — — — —
Common equity +59.4% +48.4% +40.9% +53.2% +91.0% +198.7% +477.9% +339.0%
Book value per share (Rs) — +48.4% +40.9% +53.2% +91.0% +198.7% +477.9% +339.0%

Change against the same quarter a year earlier; shown when the earlier figure is positive.

CLOV balance sheet — common size (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Assets
Cash & short-term investments 6.7% 3.3% 3.2% 9.7% 6.1% 10.8% 1.3% 13.3%
Trade receivables 27.2% 2.4% 6.7% 3.9% 2.5% 1.3% 2.2% 2.0%
Inventories 6.5% 45.0% 40.0% 62.9% 44.1% 51.4% 9.1% 23.7%
Other current assets 0.0% — — — — — — —
Total current assets 44.4% 62.8% 61.1% 82.0% 81.7% 90.7% 90.6% 89.0%
Property, plant & equipment 35.7% 27.2% 29.0% 4.4% 5.1% 0.8% 1.0% 1.5%
Intangible assets — — — — — — — —
Long-term investments 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other non-current assets 4.0% 10.0% 9.8% 13.6% 13.1% 8.5% 8.4% 9.5%
Total non-current assets 55.6% 37.2% 38.9% 18.0% 18.3% 9.3% 9.4% 11.0%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 35.2% 26.0% 34.0% 23.1% 9.7% 11.0% 8.0% 5.4%
Total current liabilities 39.0% 32.4% 39.2% 24.3% 18.6% 20.5% 17.5% 12.0%
Other non-current liabilities — — — — — — — —
Total non-current liabilities — — — — — — — —
Total liabilities 56.3% 32.4% 39.2% 24.3% 18.6% 20.5% 17.5% 12.0%
Equity
Share capital 20.1% 36.1% 37.3% 52.5% 59.6% 63.1% 57.1% 74.8%
Reserves & retained earnings 23.6% 31.5% 23.5% 23.2% 21.8% 16.5% 25.5% 13.2%
Equity attributable to shareholders 43.7% 67.6% 60.8% 75.7% 81.4% 79.5% 82.5% 88.0%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 43.7% 67.6% 60.8% 75.7% 81.4% 79.5% 82.5% 88.0%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Net debt / (net cash) (6.7%) (3.3%) (3.2%) (9.7%) (6.1%) (10.8%) (1.3%) (13.3%)
Common equity 43.7% 67.6% 60.8% 75.7% 81.4% 79.5% 82.5% 88.0%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 16 Oct 2026.

All reported line items 90
CLOV balance sheet — all reported line items (Rs mn)
Rs mn Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Cash & Cash Equivalents 128.9 35.5 33.6 71.9 40.1 66.9 7.0 55.5
Cash & Short Term Investments 128.9 35.5 33.6 71.9 40.1 66.9 7.0 55.5
Loans & Receivables - Net - Short-Term 604.9 156.3 187.2 69.2 206.0 175.8 437.8 216.2
Loans & Receivables - Total 604.9 156.3 187.2 69.2 206.0 175.8 437.8 216.2
Trade Accounts & Trade Notes Receivable - Net 527.8 25.9 70.4 28.7 16.6 8.2 12.2 8.3
Loans - Short-Term 30.8 9.4 8.7 19.2 168.1 146.2 404.3 186.6
Income Tax - Receivables - Short-Term 24.9 99.6 86.7 — 0.0 — 0.0 —
Receivables - Other - Total 21.3 21.3 21.3 21.3 21.3 21.3 21.3 21.3
Inventories - Total 126.0 484.4 417.6 466.5 288.1 317.0 49.6 98.6
Inventories - Finished Goods 126.0 484.4 417.6 466.5 288.1 317.0 49.6 98.6
Prepaid Expenses - Short-Term — — — 0.2 — — — —
Investments - Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Current Assets - Total 0.0 — — — — — — —
Property, Plant & Equipment - Net - Total 691.6 293.1 303.3 32.5 33.6 4.8 5.5 6.3
Other Current Assets 0.0 — — — — — — —
Other Assets - Total 77.5 108.2 102.8 101.2 85.9 52.4 45.6 39.6
Intangible Assets - Total - Net — — — — — — — —
Total Current Assets 859.8 676.2 638.4 607.7 534.1 559.7 494.4 370.2
Investments - Long-Term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Investments - Available for Sale/Held to Maturity - Long-Term 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Assets 1,938.5 1,077.6 1,044.5 741.4 653.6 617.0 545.5 416.1
Other Non-Current Assets - Total 77.5 108.2 102.8 101.2 85.9 52.4 45.6 39.6
Dividends Payable 3.9 3.9 3.9 3.9 3.9 3.9 3.9 3.9
Deferred Tax - Asset - Long-Term 77.5 108.2 102.8 101.2 85.9 52.4 45.6 39.6
Payables & Accrued Expenses 682.3 280.3 355.5 171.3 70.8 74.7 50.7 27.4
Trade Account Payables - Total 682.3 280.3 355.5 171.3 63.1 68.1 43.7 22.5
Other Non-Current Assets — — — — — — — —
Accrued Expenses 0.0 0.0 0.0 — 7.7 6.6 6.9 4.9
Total Liabilities 1,090.8 349.2 409.9 180.4 121.7 126.2 95.2 49.9
Shareholders' Equity - Attributable to Parent Shareholders - Total 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Total Non-Current Assets 1,078.7 401.3 406.1 133.7 119.5 57.3 51.1 45.9
Common Equity Attributable to Parent Shareholders 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Common Equity - Contributed 389.3 389.3 389.3 389.3 389.3 389.3 311.4 311.4
Common Stock - Issued & Paid 389.3 389.3 389.3 389.3 389.3 389.3 311.4 311.4
Equity - Non-Contributed - Reserves & Retained Earnings 458.4 339.1 245.3 171.8 142.6 101.5 138.9 54.8
Retained Earnings - Total 458.4 339.1 245.3 171.8 142.6 101.5 138.9 54.8
Trade Accounts Payable & Accruals - Short-Term 682.3 280.3 355.5 171.3 70.8 74.7 50.7 27.4
Trade Accounts & Trade Notes Payable - Short-Term 682.3 280.3 355.5 171.3 63.1 68.1 43.7 22.5
Accrued Expenses - Short-Term 0.0 0.0 0.0 — 7.7 6.6 6.9 4.9
Other Reserves/Equity - Total 0.0 — — — — — — —
Income Taxes - Payable - Short-Term 41.9 64.8 50.2 5.1 46.8 41.0 34.1 12.1
Dividends/Distributions Payable 3.9 3.9 3.9 3.9 3.9 3.9 3.9 3.9
Other Current Liabilities - Total 4.9 0.2 0.2 0.0 0.2 6.5 6.5 6.5
Common Equity - Total 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Customer Advances - Short-Term 4.9 0.2 0.2 0.0 0.2 6.5 6.5 6.5
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Total Liabilities & Equity 1,938.5 1,077.6 1,044.5 741.4 653.6 617.0 545.5 416.1
Total Current Liabilities 755.3 349.2 409.9 180.4 121.7 126.2 95.2 49.9
Other Non-Current Liabilities - Total — — — — — — — —
Other Non-Current Liabilities — — — — — — — —
Total Non-Current Liabilities — — — — — — — —
Common Shares - Issued - Total mn — 447.7 447.7 447.7 447.7 447.7 447.7 447.7
Common Shares - Outstanding - Total mn — 447.7 447.7 447.7 447.7 447.7 447.7 447.7
Common Shares - Treasury - Total mn — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn — 1,150.0 1,150.0 1,150.0 1,150.0 460.0 575.0 575.0
Common Shares - Issued - Issue Specific mn — 447.7 447.7 447.7 447.7 447.7 447.7 447.7
Common Shares - Outstanding - Issue Specific mn — 447.7 447.7 447.7 447.7 447.7 447.7 447.7
Common Shares - Treasury - Issue Specific mn — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific — 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Net Debt (128.9) (35.5) (33.6) (71.9) (40.1) (66.9) (7.0) (55.5)
Asset Accruals 1,500.0 1,042.1 1,010.9 669.6 613.6 550.1 538.5 360.7
Cash & Cash Equivalents - Total 128.9 35.5 33.6 71.9 40.1 66.9 7.0 55.5
Cash & Short Term Investments - Total 128.9 35.5 33.6 71.9 40.1 66.9 7.0 55.5
Investments - Permanent 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Net Book Capital 718.7 692.9 601.0 489.2 491.9 423.9 443.3 310.7
Net Operating Assets 718.7 692.9 601.0 489.2 491.9 423.9 443.3 310.7
Shareholders Equity - Common 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Tangible Total Equity 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Tangible Book Value 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Total Book Capital 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Total Capital 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Total Long Term Capital 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Unearned Revenue - Total 4.9 0.2 0.2 0.0 0.2 6.5 6.5 6.5
Book Value excluding Other Equity 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Income Taxes - Payable - Long-Term & Short-Term 41.9 64.8 50.2 5.1 46.8 41.0 34.1 12.1
Accruals - Short-Term (24.4) 291.5 194.9 355.5 372.3 366.6 392.2 264.8
Cash & Short Term Investments - Net of Debt 128.9 35.5 33.6 71.9 40.1 66.9 7.0 55.5
Total Fixed Assets - Net 769.1 401.3 406.1 133.7 119.5 57.3 51.1 45.9
Working Capital 104.6 327.1 228.5 427.3 412.4 433.5 399.2 320.3
Working Capital - Non-Cash (24.4) 291.5 194.9 355.5 372.3 366.6 392.2 264.8
Working Capital excluding Other Current Assets & Liabilities 109.5 327.2 228.7 427.4 412.6 440.0 405.7 326.8
Net Debt Including Preferred Equity & Minority Interest (128.9) (35.5) (33.6) (71.9) (40.1) (66.9) (7.0) (55.5)
Other Short-Term & Long-Term Assets - Total 77.5 108.2 102.8 101.2 85.9 52.4 45.6 39.6
Other Short-Term & Long-Term Liabilities - Total 4.9 0.2 0.2 0.0 0.2 6.5 6.5 6.5
Total Current Assets excluding Total Inventories 733.8 191.9 220.8 141.3 246.0 242.7 444.8 271.6
Tangible Book Value excluding Other Equity 847.7 728.4 634.6 561.1 531.9 490.8 450.3 366.2
Trade Accounts & Trade Notes Receivable - Net - Total 527.8 25.9 70.4 28.7 16.6 8.2 12.2 8.3
Cash in Hand & with Banks - Total 128.9 35.5 33.6 71.9 40.1 66.9 7.0 55.5
Current Assets excluding Cash & Short Term Investments - Total 730.9 640.7 604.8 535.8 494.1 492.8 487.4 314.8
Cash, Short Term Investments & Accounts Receivable - Total 656.7 61.5 104.1 100.6 56.6 75.1 19.2 63.7

Every line the company reported, in the original order and wording, without regrouping or signs changed.