This article first appeared on GuruFocus.
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Revenue: $97.4 million, up 13% year over year and slightly ahead of guidance of $92 million-$96 million.
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Gross Margin: 35.5% average across the business, a 4% improvement in margin.
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EBITDA: $17 million, up $4.7 million on the prior year.
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NPAT: $10.5 million, up 50% from $7 million in the prior year.
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Operating Costs: Up 8%, reflecting continued investment in people across finance, sales, and R&D.
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Net Working Capital: $49.8 million, up $7.5 million, driven by a $19.8 million increase in inventory.
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Cash: $7.2 million, with no interest-bearing liabilities remaining.
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Dividend: Final fully franked dividend of $0.0125 per share declared.
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FX Translation Losses: $1.1 million.
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Net Asset Growth: Up $5.8 million year over year.
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Revenue by Region: ANZ Western manufacturers up ~$10 million; European/Middle East up $6 million; offset by smaller declines in Asian/Americas.
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Ecuador Facility: Now 30% of total raw material inputs in FY26.
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Melody Dairies: 44%-owned facility operating at near full capacity, 24/7; supplies 50% of Clover's powders.
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Distribution Network: Expanded to 30 distributors globally.
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Share Purchases: $700,000 ...