Atlas Insurance Cash Flow Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Net Income	1,812	1,889	1,007	719.31	835.38	645.43	Upgrade
Depreciation & Amortization	102.96	93.25	69.71	57.74	45.66	43.49	Upgrade
Gain (Loss) on Sale of Assets	-2.69	-4	-0.43	-4.49	-0.26	-0.47	Upgrade
Gain (Loss) on Sale of Investments	-851.21	-898.61	-11.17	352.99	-4.55	-44.15	Upgrade
Change in Unearned Revenue	-24.75	186.63	540.81	350.98	51.22	54.17	Upgrade
Change in Other Net Operating Assets	-148.78	325.36	-131.3	-137.98	553.23	214.32	Upgrade
Other Operating Activities	-1,211	-1,344	-885.09	-509.88	-420.09	-277.4	Upgrade
Operating Cash Flow	-323.56	247.81	589.7	828.68	1,061	635.4	Upgrade
Operating Cash Flow Growth	-	-57.98%	-28.84%	-21.87%	66.92%	18.82%	Upgrade
Capital Expenditures	-130.93	-199.07	-87.56	-77.59	-34.76	-21.95	Upgrade
Sale of Property, Plant & Equipment	23.78	37.54	16.48	15.27	5.26	6.96	Upgrade
Investment in Securities	389.54	-390.64	-743.81	-0.19	-501.23	-57.18	Upgrade
Other Investing Activities	1,102	1,146	818.23	454.37	374.4	232.57	Upgrade
Investing Cash Flow	1,384	593.99	3.34	391.86	-156.33	160.4	Upgrade
Total Debt Repaid	-51.86	-48.34	-42.6	-34.22	-24.08	-31.8	Upgrade
Net Debt Issued (Repaid)	-51.86	-48.34	-42.6	-34.22	-24.08	-31.8	Upgrade
Common Dividends Paid	-1,246	-807.08	-559.31	-607.15	-788.41	-531.43	Upgrade
Financing Cash Flow	-1,297	-855.42	-601.91	-641.37	-812.49	-563.23	Upgrade
Net Cash Flow	-236.66	-13.62	-8.87	579.17	91.77	232.57	Upgrade
Free Cash Flow	-454.49	48.73	502.15	751.09	1,026	613.45	Upgrade
Free Cash Flow Growth	-	-90.30%	-33.14%	-26.78%	67.22%	24.07%	Upgrade
Free Cash Flow Margin	-8.70%	0.95%	15.15%	32.73%	46.17%	35.95%	Upgrade
Free Cash Flow Per Share	-3.04	0.33	3.36	5.03	6.87	4.11	Upgrade
Cash Income Tax Paid	948.34	1,000	634.37	367.65	367.16	260.92	Upgrade
Levered Free Cash Flow	1,526	2,336	1,630	971.46	1,573	1,210	Upgrade
Unlevered Free Cash Flow	1,537	2,343	1,638	977.25	1,577	1,216	Upgrade
Change in Working Capital	-173.53	511.99	409.52	213	604.45	268.49	Upgrade

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.