Adam Sugar Mills Cash Flow Statement

Financials in millions PKR. Fiscal year is October - September.

Millions PKR. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	106.44	46.13	73.09	117.52	158.39	195.67
Depreciation & Amortization	280.44	278.87	282	272.8	224.22	221.46
Loss (Gain) From Sale of Assets	-	-	-1.36	-0.25	-0.26	-0.65
Asset Writedown & Restructuring Costs	-	-	-	-	-	4.35
Provision & Write-off of Bad Debts	-	-	-	-	1.58	-
Other Operating Activities	-86.49	-215.6	3.4	30.4	166.29	-32.39
Change in Accounts Receivable	977.76	-236.67	-408.29	219.33	90.78	-165.36
Change in Inventory	-706	2,478	-1,421	-685.18	-948.71	-74.01
Change in Accounts Payable	-288.3	-235.67	-245.09	299.14	389.21	-150.57
Change in Other Net Operating Assets	-628.5	-48.12	-14.17	-1.1	104.33	11.81
Operating Cash Flow	-344.66	2,066	-1,731	252.65	185.84	10.31
Operating Cash Flow Growth	-	-	-	35.95%	1703.30%	-98.67%
Capital Expenditures	-535.28	-488	-147.19	-192.45	-350.36	-123.54
Sale of Property, Plant & Equipment	-	-	1.75	0.4	0.5	1.06
Sale (Purchase) of Intangibles	-2.01	-2.01	-	-	-	-
Investment in Securities	-	-	0.18	-	0.12	-
Other Investing Activities	-23.68	3.49	-24.39	94.37	-75.58	1.08
Investing Cash Flow	-560.96	-486.51	-169.65	-97.68	-425.33	-121.4
Short-Term Debt Issued	-	-	1,122	-	191.81	179.35
Long-Term Debt Issued	-	384.69	-	295.62	47.06	120
Total Debt Issued	2,411	384.69	1,122	295.62	238.87	299.35
Short-Term Debt Repaid	-	-911.73	-	-196.86	-	-
Long-Term Debt Repaid	-	-116.55	-75.79	-113.62	-93.63	-28.13
Total Debt Repaid	-1,007	-1,028	-75.79	-310.47	-93.63	-28.13
Net Debt Issued (Repaid)	1,403	-643.59	1,046	-14.85	145.24	271.22
Common Dividends Paid	-25.48	-25.48	-59.61	-68.12	-33.52	-67.5
Financing Cash Flow	1,378	-669.07	986.86	-82.97	111.72	203.72
Net Cash Flow	472.2	910.88	-914.06	72	-127.76	92.62
Free Cash Flow	-879.94	1,578	-1,878	60.2	-164.52	-113.24
Free Cash Flow Margin	-10.17%	14.56%	-23.32%	1.11%	-3.03%	-3.93%
Free Cash Flow Per Share	-50.86	91.29	-108.64	3.48	-9.52	-6.55
Cash Interest Paid	262.32	470.82	425.75	233.21	142.74	96.43
Cash Income Tax Paid	189.74	148.02	189.84	50.39	67	7.57
Levered Free Cash Flow	-349.43	1,632	-1,826	74.1	-191.76	-142.43
Unlevered Free Cash Flow	-176.42	1,813	-1,473	248.19	-88.75	-77.91
Change in Working Capital	-645.05	1,957	-2,088	-167.81	-364.39	-378.13

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.