Octopus Digital 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
Period Ending	Sep '25 Sep 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
Net Income	118.17	205.03	373.41	405.06	345.95	219.74
Depreciation & Amortization	57.54	55.26	5.57	1.53	1.12	0.35
Provision & Write-off of Bad Debts	20.56	21.14	47.17	20.26	3.69	-
Other Operating Activities	8.68	39.11	-300.84	-209.3	11.18	33.99
Change in Accounts Receivable	46.2	-11.9	-125.8	-472.11	-490.62	-284.41
Change in Inventory	-3.12	0.62	-0.62	-	-	-
Change in Accounts Payable	282.22	59.73	178.85	-21.42	-2.93	46.99
Change in Unearned Revenue	-18.78	-9.82	5.37	-10.87	13.41	4.13
Change in Other Net Operating Assets	-227.03	-117.81	-127.28	-222.11	-12.92	-0.39
Operating Cash Flow	297.88	241.36	55.84	-508.95	-131.11	20.4
Operating Cash Flow Growth	207.34%	332.19%	-	-	-	-
Capital Expenditures	-27.96	-14.26	-29.45	-69.71	-33.14	-23.68
Sale (Purchase) of Intangibles	-281.88	-258.22	-142.38	-	-	-
Investment in Securities	1.05	10.67	-10.12	300	-300	-
Other Investing Activities	-0.11	-	130.6	-300	-	-
Investing Cash Flow	-308.91	-261.81	-51.35	-69.71	-333.14	-23.68
Long-Term Debt Issued	-	6.43	14.42	-	-	-
Long-Term Debt Repaid	-	-2.85	-0.73	-	-	-
Net Debt Issued (Repaid)	15.01	3.58	13.69	-	-	-
Issuance of Common Stock	-	-	-	-	1,110	-
Other Financing Activities	-	-	-	-	-47.7	-
Financing Cash Flow	15.01	3.58	13.69	-	1,063	-
Net Cash Flow	3.98	-16.88	18.18	-578.67	598.46	-3.28
Free Cash Flow	269.92	227.09	26.39	-578.67	-164.25	-3.28
Free Cash Flow Growth	288.42%	760.46%	-	-	-	-
Free Cash Flow Margin	23.08%	17.94%	2.87%	-84.23%	-26.27%	-1.18%
Free Cash Flow Per Share	1.61	1.42	0.18	-3.91	-1.04	-0.03
Cash Interest Paid	6.92	4.4	1.6	-	-	-
Cash Income Tax Paid	-	7.62	18.32	-	51.91	0.03
Levered Free Cash Flow	-55.6	-114.12	-53.45	-1,113	-289.15	-60.21
Unlevered Free Cash Flow	-54.02	-114.12	-53.45	-1,113	-289.15	-60.21
Change in Working Capital	79.49	-79.18	-69.48	-726.51	-493.06	-233.68

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