PSX:EPCL 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	-3,898	-160.58	8,932	11,689	15,061
Depreciation & Amortization	-	2,632	3,433	2,934	2,251
Other Amortization	-	152.86	172.71	193.14	76.43
Loss (Gain) From Sale of Assets	-	17.69	-4.9	-1.08	0.02
Asset Writedown & Restructuring Costs	-	-	-	-	84.08
Provision & Write-off of Bad Debts	-	3.6	0.26	-	0.06
Other Operating Activities	21,370	-1,095	1,698	5,124	3,154
Change in Accounts Receivable	-	362.8	1,097	-1,845	-248.2
Change in Inventory	-	756.3	-7,446	1,614	-6,654
Change in Accounts Payable	-	5,075	-691.78	3,801	2,069
Change in Other Net Operating Assets	-	-816.1	-2,013	-1,775	-1,562
Operating Cash Flow	17,471	6,943	5,156	21,734	14,260
Operating Cash Flow Growth	151.64%	34.66%	-76.28%	52.42%	27.48%
Capital Expenditures	-3,446	-9,175	-11,366	-9,096	-3,352
Sale of Property, Plant & Equipment	58.62	94.82	44.33	29.39	2.6
Sale (Purchase) of Intangibles	-	-	-	-	-248.41
Investment in Securities	-18,327	1,682	13,175	-999.6	-7,038
Other Investing Activities	160.5	510.76	731.04	1,312	1,295
Investing Cash Flow	-21,553	-6,887	2,584	-8,754	-9,341
Short-Term Debt Issued	11,475	16,661	2,024	-	474.36
Long-Term Debt Issued	29,805	8,000	5,910	15,784	1,061
Total Debt Issued	41,280	24,661	7,934	15,784	1,535
Short-Term Debt Repaid	-19,105	-8,680	-2,174	-	-
Long-Term Debt Repaid	-6,142	-4,420	-7,556	-14,614	-3,299
Total Debt Repaid	-25,247	-13,100	-9,731	-14,614	-3,299
Net Debt Issued (Repaid)	16,033	11,561	-1,797	1,171	-1,764
Dividends Paid	-11.62	-1,531	-7,931	-14,390	-10,213
Other Financing Activities	-5,848	-7,228	-4,596	-2,331	-1,358
Financing Cash Flow	10,173	2,802	-14,323	-15,550	-13,335
Foreign Exchange Rate Adjustments	19.08	-11.9	434.31	28.42	39.6
Net Cash Flow	6,110	2,846	-6,149	-2,541	-8,376
Free Cash Flow	14,025	-2,232	-6,210	12,639	10,908
Free Cash Flow Growth	-	-	-	15.87%	170.31%
Free Cash Flow Margin	17.98%	-2.95%	-7.64%	15.40%	15.58%
Free Cash Flow Per Share	15.44	-2.46	-5.14	10.45	9.02
Cash Interest Paid	5,824	7,228	4,596	2,331	1,354
Cash Income Tax Paid	2,799	5,149	6,707	3,035	2,905
Levered Free Cash Flow	5,305	-9,775	-11,262	12,141	8,939
Unlevered Free Cash Flow	8,886	-5,809	-8,564	13,564	9,918
Change in Working Capital	-	5,378	-9,053	1,795	-6,395

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