Engro Fertilizers 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	22,628	28,260	26,191	16,003	21,093
Depreciation & Amortization	5,013	4,224	3,889	3,262	2,889
Other Amortization	242.51	235.58	198.59	176.8	142.12
Loss (Gain) From Sale of Assets	-1,070	191.07	-162.9	-313.79	27.7
Asset Writedown & Restructuring Costs	-	-	-	-	64.64
Provision & Write-off of Bad Debts	-39.09	-31.02	91.29	14.63	49.24
Other Operating Activities	4,890	-17,164	4,282	4,196	7,781
Change in Accounts Receivable	-8,554	-5,310	768.34	-716.95	-212.7
Change in Inventory	-213.27	-11,502	-1,170	-4,264	-6,301
Change in Accounts Payable	-924.65	-7,522	28,940	19,130	-4,192
Change in Other Net Operating Assets	5,718	4,659	-2,469	-5,786	-4,930
Operating Cash Flow	27,862	-3,947	60,555	31,634	16,381
Operating Cash Flow Growth	-	-	91.42%	93.11%	-68.17%
Capital Expenditures	-14,444	-9,227	-6,174	-8,378	-10,567
Sale of Property, Plant & Equipment	1,659	1,582	268.06	418.38	11.91
Investment in Securities	-12,403	17,056	-12,838	-10,968	24,813
Investing Cash Flow	-25,188	9,410	-18,744	-18,927	14,258
Short-Term Debt Issued	53,613	16,000	-	-	4,200
Long-Term Debt Issued	24,000	18,000	-	993.99	3,925
Total Debt Issued	77,613	34,000	-	993.99	8,125
Short-Term Debt Repaid	-38,113	-11,500	-1,000	-4,200	-
Long-Term Debt Repaid	-1,831	-2,687	-7,077	-5,771	-9,352
Total Debt Repaid	-39,944	-14,187	-8,077	-9,971	-9,352
Net Debt Issued (Repaid)	37,669	19,813	-8,077	-8,977	-1,227
Common Dividends Paid	-25,307	-28,675	-23,369	-18,027	-20,705
Other Financing Activities	-6,372	-3,019	-2,295	-2,177	-1,456
Financing Cash Flow	5,990	-11,881	-33,741	-29,181	-23,388
Net Cash Flow	8,664	-6,417	8,070	-16,474	7,251
Free Cash Flow	13,418	-13,174	54,380	23,257	5,814
Free Cash Flow Growth	-	-	133.82%	300.02%	-87.42%
Free Cash Flow Margin	5.66%	-5.13%	24.31%	14.81%	4.39%
Free Cash Flow Per Share	10.05	-9.87	40.73	17.42	4.35
Cash Interest Paid	6,372	3,019	2,295	2,177	1,456
Cash Income Tax Paid	18,412	37,529	24,772	11,196	4,297
Levered Free Cash Flow	11,199	-7,672	54,847	29,157	6,142
Unlevered Free Cash Flow	15,056	-5,074	55,790	30,678	7,093
Change in Working Capital	-3,973	-19,674	26,069	8,363	-15,637

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