Image Pakistan Cash Flow Statement

Financials in millions PKR. Fiscal year is July - June.

Millions PKR. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021	2016 - 2020
Net Income	727.66	759.31	398.83	288.58	208.14	115.1	Upgrade
Depreciation & Amortization	494.6	406.08	117.06	80.6	65.65	45.44	Upgrade
Loss (Gain) From Sale of Assets	37.22	37.22	0.01	-	-	-	Upgrade
Loss (Gain) From Sale of Investments	-	-	-	-	34.51	-	Upgrade
Other Operating Activities	241.15	213.08	52.88	41.69	-67.91	39.08	Upgrade
Change in Accounts Receivable	-590.94	-926.27	-14.21	33.16	75.58	-259.32	Upgrade
Change in Inventory	-326.67	-447.96	-532.2	-311.51	-471.94	-71.03	Upgrade
Change in Accounts Payable	38.87	114.27	376.68	237.98	-6.99	203.69	Upgrade
Change in Other Net Operating Assets	-38.05	75.96	-450.66	-234.15	-28.6	0.42	Upgrade
Operating Cash Flow	583.85	231.69	-51.61	136.34	-191.55	73.37	Upgrade
Capital Expenditures	-237.58	-320.6	-589.22	-213.13	-226.51	-120.65	Upgrade
Sale of Property, Plant & Equipment	5	5	0.08	-	-	-	Upgrade
Investment in Securities	-4.1	-4	-	-	-	-	Upgrade
Investing Cash Flow	-236.68	-319.6	-589.14	-213.13	-226.51	-120.65	Upgrade
Long-Term Debt Issued	-	441.65	0.19	97.5	13.23	82.23	Upgrade
Long-Term Debt Repaid	-	-231.87	-76.81	-2.4	-150.28	-14.75	Upgrade
Net Debt Issued (Repaid)	135.92	209.78	-76.62	95.1	-137.05	67.48	Upgrade
Issuance of Common Stock	-	-	987.3	-	639.89	-	Upgrade
Common Dividends Paid	-212.35	-150.54	-193.34	-10.9	-42.43	-8.68	Upgrade
Other Financing Activities	-	-	-	-	-12.11	-2.12	Upgrade
Financing Cash Flow	-76.43	59.24	717.34	84.21	448.3	56.67	Upgrade
Net Cash Flow	270.74	-28.67	76.59	7.42	30.24	9.4	Upgrade
Free Cash Flow	346.27	-88.92	-640.83	-76.79	-418.06	-47.28	Upgrade
Free Cash Flow Margin	7.44%	-1.93%	-16.13%	-2.85%	-24.33%	-4.72%	Upgrade
Free Cash Flow Per Share	1.50	-0.39	-4.46	-0.70	-3.75	-0.63	Upgrade
Cash Interest Paid	64.74	68.09	90.71	31.65	47.73	29.74	Upgrade
Cash Income Tax Paid	65.67	63.94	30.73	12.93	19.33	9.9	Upgrade
Levered Free Cash Flow	51.02	-308.2	-738.31	-161.6	-474.13	-76.77	Upgrade
Unlevered Free Cash Flow	183.4	-195.78	-691.37	-147.61	-463.57	-59.41	Upgrade
Change in Working Capital	-916.78	-1,184	-620.39	-274.53	-431.95	-126.25	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.