Al-Ghazi Tractors Cash Flow Statement

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,301	3,542	2,612	2,156	2,958
Depreciation & Amortization	-	258.13	187.31	120.06	84.85
Other Amortization	-	129.4	0.49	0.9	-
Loss (Gain) From Sale of Assets	-	-10.46	-10.58	-2.23	-2.75
Provision & Write-off of Bad Debts	-	126.25	-	-	-
Other Operating Activities	2,491	-141.69	-339.42	172.97	-71.97
Change in Accounts Receivable	-	-5,178	161.82	-157.17	-4.65
Change in Inventory	-	419.53	-894.28	-2,388	-870.57
Change in Accounts Payable	-	1,546	1,274	623.26	857.46
Change in Unearned Revenue	-	359.28	20.3	-3,377	3,365
Change in Other Net Operating Assets	-	-1,583	41.02	-1,418	-1,684
Operating Cash Flow	3,783	-530.81	3,051	-4,271	4,630
Operating Cash Flow Growth	-	-	-	-	117.88%
Capital Expenditures	-731.03	-489.01	-468.66	-272.38	-126.74
Sale of Property, Plant & Equipment	24.42	10.46	14.88	2.81	2.82
Sale (Purchase) of Intangibles	-175.38	-580.06	-0.33	-0.25	-
Other Investing Activities	24.42	85.33	442.43	107	89.86
Investing Cash Flow	-857.57	-973.27	-11.69	-162.82	-34.07
Short-Term Debt Issued	2,520	780.64	-	115	-
Long-Term Debt Issued	5,731	-	-	-	-
Total Debt Issued	8,251	780.64	-	115	-
Short-Term Debt Repaid	-2,520	-	-1,251	-	-
Long-Term Debt Repaid	-8,182	-19.33	-17.57	-8.37	-
Total Debt Repaid	-10,702	-19.33	-1,269	-8.37	-
Net Debt Issued (Repaid)	-2,451	761.31	-1,269	106.63	-
Common Dividends Paid	-2.18	-4.58	-9.85	-537.69	-1,240
Other Financing Activities	-	-	44	2,785	-
Financing Cash Flow	-2,453	756.73	-1,235	2,354	-1,240
Net Cash Flow	472.73	-747.36	1,805	-2,080	3,356
Free Cash Flow	3,052	-1,020	2,583	-4,543	4,504
Free Cash Flow Growth	-	-	-	-	121.82%
Free Cash Flow Margin	14.98%	-2.95%	7.48%	-16.11%	21.88%
Free Cash Flow Per Share	52.65	-17.59	44.56	-78.38	77.70
Cash Interest Paid	402.96	279.29	227.02	18.84	22.66
Cash Income Tax Paid	1,117	2,123	1,908	1,496	1,170
Levered Free Cash Flow	2,539	-1,702	3,190	-1,667	4,136
Unlevered Free Cash Flow	2,719	-1,425	3,267	-1,578	4,141
Change in Working Capital	-	-4,436	602.51	-6,718	1,664

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