Octopus Digital 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	28.9	205.03	373.41	405.06	345.95
Depreciation & Amortization	62.63	55.26	5.57	1.53	1.12
Provision & Write-off of Bad Debts	59.95	21.14	47.17	20.26	3.69
Other Operating Activities	7.48	39.11	-300.84	-209.3	11.18
Change in Accounts Receivable	150.64	-11.9	-125.8	-472.11	-490.62
Change in Inventory	-0.15	0.62	-0.62	-	-
Change in Accounts Payable	-17.48	59.73	178.85	-21.42	-2.93
Change in Unearned Revenue	60.72	-9.82	5.37	-10.87	13.41
Change in Other Net Operating Assets	3.27	-117.81	-127.28	-222.11	-12.92
Operating Cash Flow	355.97	241.36	55.84	-508.95	-131.11
Operating Cash Flow Growth	47.49%	332.19%	-	-	-
Capital Expenditures	-6.58	-14.26	-29.45	-69.71	-33.14
Sale (Purchase) of Intangibles	-265.57	-258.22	-142.38	-	-
Investment in Securities	0.02	10.67	-10.12	300	-300
Other Investing Activities	-	-	130.6	-300	-
Investing Cash Flow	-272.13	-261.81	-51.35	-69.71	-333.14
Long-Term Debt Issued	-	6.43	14.42	-	-
Long-Term Debt Repaid	-6.75	-2.85	-0.73	-	-
Net Debt Issued (Repaid)	-6.75	3.58	13.69	-	-
Issuance of Common Stock	-	-	-	-	1,110
Other Financing Activities	-	-	-	-	-47.7
Financing Cash Flow	-6.75	3.58	13.69	-	1,063
Net Cash Flow	77.09	-16.88	18.18	-578.67	598.46
Free Cash Flow	349.4	227.09	26.39	-578.67	-164.25
Free Cash Flow Growth	53.86%	760.46%	-	-	-
Free Cash Flow Margin	28.82%	17.94%	2.87%	-84.23%	-26.27%
Free Cash Flow Per Share	2.18	1.42	0.18	-3.91	-1.04
Cash Interest Paid	-	4.4	1.6	-	-
Cash Income Tax Paid	-	7.62	18.32	-	51.91
Levered Free Cash Flow	65.2	-114.12	-53.45	-1,113	-289.15
Unlevered Free Cash Flow	68.36	-114.12	-53.45	-1,113	-289.15
Change in Working Capital	197.01	-79.18	-69.48	-726.51	-493.06

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