Income Statement Cordoba Logistics & Ventures Limited

Stocks

CLVL

PK0037601017

Air Freight & Logistics

End-of-day quote Pakistan S.E. 11/09/2026			5-day change	1st Jan Change
35.60 ^PKR	-4.51%		-27.98%	+114.20%

04-30	Cordoba Logistics & Ventures Limited Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2026	CI
03-02	Cordoba Logistics & Ventures Limited Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2025	CI

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Published financial data: CORDOBA LOGISTICS & VENTURES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (PKR)	2022 (PKR)	2023 (PKR)	2024 (PKR)	2025 (PKR)
Revenues	-	8.3M	116M	445M	681M
Total Revenues	-	8.3M	116M	445M	681M
Cost of Goods Sold, Total	-	4.97M	52.83M	158M	266M
Gross Profit	-	3.33M	63.32M	287M	414M
Selling General & Admin Expenses, Total	10.63M	13.32M	18.86M	22.03M	39.33M
Provision for Bad Debts	-	108K	-	-	3.91M
Depreciation & Amortization - (IS)	-	18.51K	38.47K	201K	3.9M
Other Operating Expenses	-82.33K	-	-	-	98.73K
Other Operating Expenses, Total	10.55M	13.44M	18.9M	22.23M	47.23M
Operating Income	-10.55M	-10.12M	44.43M	265M	367M
Interest Expense, Total	-	-58.02K	-7.14M	-98.17M	-109M
Interest And Investment Income	-	282K	5.67M	3.56M	2.49M
Net Interest Expenses	-	224K	-1.47M	-94.61M	-106M
Income (Loss) On Equity Invest.	-	-	-1.63M	-2.31M	1.74M
Other Non Operating Income (Expenses)	-1.5K	1.81M	8.66M	-23.76M	-19.28M
EBT, Excl. Unusual Items	-10.55M	-8.08M	49.98M	144M	243M
Gain (Loss) On Sale Of Investments	-	-	5M	-	49.15K
Gain (Loss) On Sale Of Assets	5.06M	-	-	468K	3.68M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	1.26M
EBT, Incl. Unusual Items	-5.49M	-8.08M	54.98M	144M	248M
Income Tax Expense	-	-	19.72M	28.94M	73.92M
Earnings From Continuing Operations	-5.49M	-8.08M	35.26M	115M	174M
Net Income to Company	-5.49M	-8.08M	35.26M	115M	174M
Minority Interest	-	-	-	-	-15.75M
Net Income - (IS)	-5.49M	-8.08M	35.26M	115M	159M
Net Income to Common Incl Extra Items	-5.49M	-8.08M	35.26M	115M	159M
Net Income to Common Excl. Extra Items	-5.49M	-8.08M	35.26M	115M	159M
Per Share Items
Net EPS - Basic	-0.25	-0.37	0.59	1.6	2.2
Basic EPS - Continuing Operations	-0.25	-0.37	0.59	1.6	2.2
Basic Weighted Average Shares Outstanding	22.11M	22.11M	60.05M	72.11M	72.11M
Net EPS - Diluted	-0.25	-0.37	0.59	1.6	2.2
Diluted EPS - Continuing Operations	-0.25	-0.37	0.59	1.6	2.2
Diluted Weighted Average Shares Outstanding	22.11M	22.11M	60.05M	72.11M	72.11M
Normalized Basic EPS	-0.3	-0.23	0.52	1.25	1.89
Normalized Diluted EPS	-0.3	-0.23	0.52	1.25	1.89
Supplemental Items
EBITDA	-10.21M	-7.17M	83.56M	403M	616M
EBITA	-10.55M	-10.12M	44.43M	265M	367M
EBIT	-10.55M	-10.12M	44.43M	265M	367M
EBITDAR	-	-6.23M	84.47M	404M	618M
Effective Tax Rate - (Ratio)	-	-	35.87	20.05	29.78
Total Current Taxes	-	-	12.06M	29.93M	77.41M
Total Deferred Taxes	-	-	7.66M	-993K	-3.78M
Normalized Net Income	-6.59M	-5.05M	31.24M	89.92M	136M
Interest on Long-Term Debt	-	-	-	-	109M
Non-Cash Pension Expense	0	210K	434K	210K	322K
Supplemental Operating Expense Items
Advertising Expense	94.78K	228K	104K	339K	335K
Selling and Marketing Expenses	94.78K	228K	104K	339K	335K
General and Administrative Expenses	10.54M	7.89M	13.14M	15.89M	32M
Net Rental Expense, Total	-	940K	901K	798K	1.63M
Imputed Operating Lease Interest Expense	-	32.09K	426K	1.63M	1.71M
Imputed Operating Lease Depreciation	-	908K	475K	-828K	-73.24K
Maintenance & Repair Expenses, Total	-	44.47K	14.03K	161K	215K

Fiscal Period: June	2021 (PKR)	2022 (PKR)	2023 (PKR)	2024 (PKR)	2025 (PKR)
Assets
Cash And Equivalents	11.54M	6.77M	6.54M	86.69M	44.71M
Short Term Investments	-	-	67.5M	-	-
Trading Asset Securities, Total	-	-	-	16.97M	105M
Total Cash And Short Term Investments	11.54M	6.77M	74.04M	104M	150M
Accounts Receivable, Total	0	718K	15.54M	118M	269M
Other Receivables	16.87M	23.97M	10.15M	46.77M	24.14M
Notes Receivable	-	-	-	109M	370M
Total Receivables	16.87M	24.69M	25.7M	274M	663M
Inventory	-	-	-	-	-
Prepaid Expenses	-	390K	376K	389K	582K
Other Current Assets, Total	-	250K	70.47M	32.5M	32.5M
Total Current Assets	28.41M	32.1M	171M	410M	846M
Gross Property Plant And Equipment	-	44.33M	495M	877M	1.75B
Accumulated Depreciation	-	-2.95M	-42.08M	-178M	-420M
Net Property Plant And Equipment	-	41.38M	453M	699M	1.33B
Long-term Investments	13.52M	110M	116M	122M	97.44M
Accounts Receivable Long-Term	-	-	124M	179M	70.36M
Loans Receivable Long-Term	-	-	-	19.04M	98.62M
Other Long-Term Assets, Total	37.5K	37.5K	50K	50K	50K
Total Assets	41.96M	183M	865M	1.43B	2.44B
Liabilities
Accounts Payable, Total	-	1.99M	57.19M	15.47M	14.37M
Accrued Expenses, Total	905K	372K	8.67M	107M	208M
Short-term Borrowings	1.95M	248K	-	-	168M
Current Portion of Long-Term Debt	-	-	-	-	180M
Current Income Taxes Payable	-	-	-	14.4M	41.29M
Other Current Liabilities	415K	2.53M	7.98M	98.93M	17.67M
Total Current Liabilities	3.27M	5.14M	73.85M	236M	630M
Long-Term Debt	25M	-	242M	529M	704M
Long-Term Leases	-	-	-	-	-
Pension & Other Post Retirement Benefits	-	210K	644K	630K	952K
Deferred Tax Liability Non Current	-	-	7.66M	6.67M	2.89M
Other Non Current Liabilities	-	-	-	-1	-
Total Liabilities	28.27M	5.35M	324M	773M	1.34B
Common Stock, Total	221M	221M	721M	721M	721M
Retained Earnings	-207M	-215M	-180M	-64.78M	158M
Comprehensive Income and Other	-	172M	-	-	-
Total Common Equity	13.69M	178M	541M	656M	879M
Minority Interest	-	-	-	-	226M
Total Equity	13.69M	178M	541M	656M	1.1B
Total Liabilities And Equity	41.96M	183M	865M	1.43B	2.44B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	22.11M	22.11M	72.11M	72.11M	72.11M
ECS Total Common Shares Outstanding	22.11M	22.11M	72.11M	72.11M	72.11M
Book Value / Share	0.62	8.05	7.5	9.1	12.19
Tangible Book Value	13.69M	178M	541M	656M	879M
Tangible Book Value Per Share	0.62	8.05	7.5	9.1	12.19
Total Debt	26.95M	248K	242M	529M	1.05B
Net Debt	15.41M	-6.52M	167M	426M	902M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	-	7.52M	7.21M	6.38M	13.06M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	226M
Equity Method Investments, Total	-	-	-	64.91M	66.65M
Account Code - Inventory Valuation	6	3	3	3	3
Inventories - Others	-	-	-	-	-
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	44.33M	44.87M	40.55M	68.28M
Full Time Employees	3	4	9	10	11
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Assets on Operating Lease - Gross	-	-	451M	836M	1.68B
Assets on Operating Lease - Accumulated Depreciation	-	-	-30.87M	-161M	-387M
Accumulated Allowance for Doubtful Accounts (Supple)	19.21M	17.4M	17.16M	40.23M	42.98M

Fiscal Period: June	2021 (PKR)	2022 (PKR)	2023 (PKR)	2024 (PKR)	2025 (PKR)
Net Income	-5.49M	-8.08M	35.26M	115M	159M
Depreciation & Amortization - CF	340K	2.95M	39.14M	138M	249M
Depreciation & Amortization, Total	340K	2.95M	39.14M	138M	249M
(Gain) Loss From Sale Of Asset	-2.22M	-	-	-468K	-3.68M
(Gain) Loss on Sale of Investments - (CF)	-	-	-5M	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Provision for Credit Losses	-	-	-	28.1M	7.84M
(Income) Loss On Equity Investments - (CF)	-	-	1.63M	2.31M	-1.74M
Provision and Write-off of Bad Debts	-	-1.7M	-248K	-	-
Other Operating Activities, Total	-1.51M	-52.66K	25.26M	118M	140M
Change In Accounts Receivable	1.7M	982K	-14.58M	-27.57M	-60.19M
Change In Inventories	605K	-	-	-	-
Change In Accounts Payable	-6.59M	2.42M	62.24M	45.09M	6.69M
Change In Income Taxes	-72.41K	-	-	-	-
Change in Other Net Operating Assets	2.21M	-6.33M	-219M	-258M	-401M
Cash from Operations	-11.02M	-9.82M	-75.73M	161M	95.36M
Capital Expenditure	-	-44.33M	-451M	-392M	-896M
Sale of Property, Plant, and Equipment	1.77M	-	-	48M	20M
Investment in Marketable and Equity Securities, Total	-13.52M	-96.35M	-42.28M	-24.47M	-
Other Investing Activities, Total	-	-	-	-	2.29M
Cash from Investing	-11.74M	-141M	-493M	-369M	-874M
Short Term Debt Issued, Total	1.36M	-	242M	288M	35.96M
Long-Term Debt Issued, Total	25M	-	-	-	780M
Total Debt Issued	26.36M	-	242M	288M	816M
Short Term Debt Repaid, Total	-	-1.7M	-248K	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-426M
Total Debt Repaid	-	-1.7M	-248K	-	-426M
Issuance of Common Stock	-	147M	328M	-	-
Other Financing Activities, Total	-	-	-	-	300M
Cash from Financing	26.36M	146M	569M	288M	691M
Miscellaneous Cash Flow Adjustments	-2	-	-	-	-
Net Change in Cash	3.59M	-4.77M	-234K	80.16M	-87.54M
Supplemental Items
Cash Interest Paid	-	-	-	-	8.4M
Cash Income Tax Paid (Refund)	13.72K	263K	1.61M	8.95M	50.81M
Levered Free Cash Flow	-10.62M	-52.63M	-391M	-130M	-743M
Unlevered Free Cash Flow	-10.62M	-52.6M	-386M	-69M	-675M
Change In Net Working Capital	4.37M	4.89M	2.26M	-19.78M	257M
Net Debt Issued / Repaid	26.36M	-1.7M	241M	288M	391M

Fiscal Period: June	2021 (PKR)	2022 (PKR)	2023 (PKR)	2024 (PKR)	2025 (PKR)
Profitability
Return on Assets	-17.85	-5.61	5.3	14.42	11.86
Return on Total Capital	-21.83	-5.78	5.78	16.8	13.39
Return On Equity %	-33.4	-8.43	9.81	19.28	19.79
Return on Common Equity	-33.4	-8.43	9.81	19.28	20.65
Margin Analysis
Gross Profit Margin %	-	40.09	54.52	64.44	60.88
SG&A Margin	-	160.46	16.23	4.95	5.78
EBITDA Margin %	-	-86.39	71.94	90.53	90.48
EBITA Margin %	-	-121.89	38.25	59.45	53.94
EBIT Margin %	-	-121.89	38.25	59.45	53.94
Income From Continuing Operations Margin %	-	-97.4	30.36	25.93	25.6
Net Income Margin %	-	-97.4	30.36	25.93	23.29
Net Avail. For Common Margin %	-	-97.4	30.36	25.93	23.29
Normalized Net Income Margin	-	-60.88	26.89	20.21	20.02
Levered Free Cash Flow Margin	-	-634.12	-336.51	-29.3	-109.18
Unlevered Free Cash Flow Margin	-	-633.69	-332.67	-15.51	-99.18
Asset Turnover
Asset Turnover	-	0.07	0.22	0.39	0.35
Fixed Assets Turnover	-	-	0.47	0.77	0.67
Receivables Turnover (Average Receivables)	-	23.13	14.29	5.41	3.52
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	8.69	6.25	2.31	1.74	1.34
Quick Ratio	8.69	6.12	1.35	1.14	0.7
Operating Cash Flow to Current Liabilities	-3.37	-1.91	-1.03	0.68	0.15
Days Sales Outstanding (Average Receivables)	-	15.78	25.55	67.66	103.72
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	74.02	204.43	84.05	20.45
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	196.8	0.14	44.65	80.64	95.26
Total Debt / Total Capital	66.31	0.14	30.87	44.64	48.79
LT Debt/Equity	182.57	-	44.65	80.64	63.72
Long-Term Debt / Total Capital	61.51	-	30.87	44.64	32.63
Total Liabilities / Total Assets	67.37	2.92	37.44	54.07	54.77
EBIT / Interest Expense	-	-174.37	6.22	2.69	3.37
EBITDA / Interest Expense	-	-123.59	11.7	4.1	5.65
(EBITDA - Capex) / Interest Expense	-	-887.57	-51.47	0.11	-2.57
Total Debt / EBITDA	-2.64	-0.03	2.89	1.31	1.71
Net Debt / EBITDA	-1.51	0.91	2	1.06	1.47
Total Debt / (EBITDA - Capex)	-2.64	-0	-0.66	50.78	-3.76
Net Debt / (EBITDA - Capex)	-1.51	0.13	-0.46	40.83	-3.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	1.3K	283.09	53
Gross Profit, 1 Yr. Growth %	-	-595.98	1.92K	352.86	44.52
EBITDA, 1 Yr. Growth %	11.97	-30.33	-1.27K	382.07	52.91
EBITA, 1 Yr. Growth %	8.17	-4.84	-539.14	495.44	38.81
EBIT, 1 Yr. Growth %	8.17	-4.84	-539.14	495.44	38.81
Earnings From Cont. Operations, 1 Yr. Growth %	-62.44	47.27	-536.16	227.27	51.03
Net Income, 1 Yr. Growth %	-62.44	47.27	-536.16	227.27	37.38
Normalized Net Income, 1 Yr. Growth %	-27.81	-23.37	-718.24	187.84	51.81
Diluted EPS Before Extra, 1 Yr. Growth %	-62.44	47.27	-260.55	172.56	37.38
Accounts Receivable, 1 Yr. Growth %	-100	-	2.07K	151.42	128.71
Inventory, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	995.48	54.22	90.26
Total Assets, 1 Yr. Growth %	31.45	337.01	371.45	65.27	70.95
Tangible Book Value, 1 Yr. Growth %	-28.62	1.2K	203.81	21.34	33.93
Common Equity, 1 Yr. Growth %	-28.62	1.2K	203.81	21.34	33.93
Cash From Operations, 1 Yr. Growth %	-27.6	-10.89	671.01	-313.03	-32.61
Capital Expenditures, 1 Yr. Growth %	-	-	917.61	-13	128.35
Levered Free Cash Flow, 1 Yr. Growth %	13.28	393.02	643.16	-71.56	242.46
Unlevered Free Cash Flow, 1 Yr. Growth %	13.28	392.72	634.68	-84.8	333.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	632.21	142.1
Gross Profit, 2 Yr. CAGR %	-	-	871.49	856.77	155.83
EBITDA, 2 Yr. CAGR %	-18.32	-11.32	184.95	649.52	171.5
EBITA, 2 Yr. CAGR %	-20.73	1.85	104.42	411.35	187.5
EBIT, 2 Yr. CAGR %	-20.73	1.85	104.42	411.35	187.5
Earnings From Cont. Operations, 2 Yr. CAGR %	-41.16	-25.62	153.44	277.81	122.32
Net Income, 2 Yr. CAGR %	-75.81	-25.62	153.44	277.81	112.04
Normalized Net Income, 2 Yr. CAGR %	-20.75	-25.62	117.66	321.85	108.86
Diluted EPS Before Extra, 2 Yr. CAGR %	-41.16	-25.62	53.77	109.19	93.51
Accounts Receivable, 2 Yr. CAGR %	-	-35.07	-	1.18K	139.8
Inventory, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	296.28	-	311.03	71.29
Total Assets, 2 Yr. CAGR %	-28.4	139.67	353.9	179.14	68.09
Tangible Book Value, 2 Yr. CAGR %	-36.35	204.64	528.49	92	27.48
Common Equity, 2 Yr. CAGR %	-36.35	204.64	528.49	92	27.48
Cash From Operations, 2 Yr. CAGR %	-20.27	-19.68	162.11	305.28	12.21
Capital Expenditures, 2 Yr. CAGR %	-	12.6K	-	197.54	40.95
Levered Free Cash Flow, 2 Yr. CAGR %	-80.72	136.9	505.09	57.43	27.34
Unlevered Free Cash Flow, 2 Yr. CAGR %	-80.72	136.82	501.65	14.54	21.96
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	57.7	-	-	334.49
Gross Profit, 3 Yr. CAGR %	-	179.14	-	653.27	409.55
EBITDA, 3 Yr. CAGR %	-30.29	-22.33	109.27	239.53	341.24
EBITA, 3 Yr. CAGR %	-28.84	-15.53	65.77	191.95	231.1
EBIT, 3 Yr. CAGR %	-28.84	-15.53	65.77	191.95	231.1
Earnings From Cont. Operations, 3 Yr. CAGR %	-49.84	-20.11	34.12	175.99	178.31
Net Income, 3 Yr. CAGR %	-49.84	-55.83	34.12	175.99	169.67
Normalized Net Income, 3 Yr. CAGR %	-28.97	-21.63	50.67	138.91	199.88
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.84	-20.11	-3.88	86.09	81.83
Accounts Receivable, 3 Yr. CAGR %	-	-27.93	109.03	-	621.23
Inventory, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	133.11	456.16	-	217.95
Total Assets, 3 Yr. CAGR %	-49.91	30.85	200.3	224.12	137.05
Tangible Book Value, 3 Yr. CAGR %	-38.89	74	204.36	263.24	70.28
Common Equity, 3 Yr. CAGR %	-38.89	74	204.36	263.24	70.28
Cash From Operations, 3 Yr. CAGR %	-17.55	-17.26	70.7	144.61	113.33
Capital Expenditures, 3 Yr. CAGR %	-	96.11	5.37K	-	172.42
Levered Free Cash Flow, 3 Yr. CAGR %	2.52	-43.1	246.71	130.28	141.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.52	-43.11	245.39	86.28	134.15
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-13.54	43.7	191.44	-
Gross Profit, 5 Yr. CAGR %	-	-27.98	114.21	351.41	-
EBITDA, 5 Yr. CAGR %	-37.26	-40.16	22.63	92.34	132.24
EBITA, 5 Yr. CAGR %	-34.99	-34.33	8.7	73.58	106.61
EBIT, 5 Yr. CAGR %	-34.99	-34.33	8.7	73.58	106.61
Earnings From Cont. Operations, 5 Yr. CAGR %	-41.71	-28.37	-4.11	48.73	64.17
Net Income, 5 Yr. CAGR %	-41.71	-28.37	-4.11	4.23	61.09
Normalized Net Income, 5 Yr. CAGR %	-33.72	-37.21	11.17	53.66	71.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-41.71	-28.37	-21.48	17.41	27.17
Accounts Receivable, 5 Yr. CAGR %	-	15.73	93.76	127.84	175.32
Inventory, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	52.39	139.31	192.47	247.23
Total Assets, 5 Yr. CAGR %	-36.96	-12.49	20.96	77.17	138.09
Tangible Book Value, 5 Yr. CAGR %	-38.17	11.46	55.23	80.98	114.89
Common Equity, 5 Yr. CAGR %	-38.17	11.46	55.23	80.98	114.89
Cash From Operations, 5 Yr. CAGR %	44.39	-4.11	30.95	56.22	44.33
Capital Expenditures, 5 Yr. CAGR %	-	167.66	155.93	131.7	1.17K
Levered Free Cash Flow, 5 Yr. CAGR %	-44.46	-32.78	108.76	-14.52	139.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	-44.76	-32.76	108.28	-24.74	135.21