Pakistan Tobacco Company 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	29,855	27,783	28,960	21,321	18,862
Depreciation & Amortization	-	2,438	2,153	2,148	1,707
Loss (Gain) From Sale of Assets	-	-218.07	-106.14	-108.4	-81.74
Asset Writedown & Restructuring Costs	-	-192.99	0.26	-	-
Other Operating Activities	2,495	-956.18	231.88	449.98	-508.63
Change in Accounts Receivable	-	2,684	-2,685	-0.73	-0.75
Change in Inventory	-	-2,675	-22,036	-2,997	-2,591
Change in Accounts Payable	-	-8,780	10,954	5,773	1,286
Change in Other Net Operating Assets	-	-222.86	-1,379	-1,668	299.85
Operating Cash Flow	32,350	19,860	16,091	24,917	18,973
Operating Cash Flow Growth	62.89%	23.42%	-35.42%	31.33%	-14.60%
Capital Expenditures	-6,109	-4,171	-5,075	-2,522	-2,421
Sale of Property, Plant & Equipment	735.36	481.32	257.49	406.74	419.06
Other Investing Activities	1,576	6,326	7,028	2,857	981.4
Investing Cash Flow	-3,797	2,636	2,210	742.25	-1,020
Short-Term Debt Issued	-	-	-	-	2,300
Total Debt Issued	-	-	-	-	2,300
Short-Term Debt Repaid	-	-	-2,300	-	-
Long-Term Debt Repaid	-1,903	-1,783	-1,479	-1,399	-987.26
Total Debt Repaid	-1,903	-1,783	-3,779	-1,399	-987.26
Net Debt Issued (Repaid)	-1,903	-1,783	-3,779	-1,399	1,313
Common Dividends Paid	-38,258	-39,906	-5,427	-11,507	-15,861
Financing Cash Flow	-40,161	-41,690	-9,206	-12,906	-14,548
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	-11,608	-19,194	9,096	12,753	3,404
Free Cash Flow	26,241	15,689	11,016	22,395	16,552
Free Cash Flow Growth	67.26%	42.41%	-50.81%	35.30%	-8.12%
Free Cash Flow Margin	18.88%	12.96%	10.02%	23.61%	22.07%
Free Cash Flow Per Share	102.71	61.41	43.12	87.65	64.78
Cash Interest Paid	118.84	94.59	208.13	62.08	261.72
Cash Income Tax Paid	20,849	20,495	19,074	11,876	6,912
Levered Free Cash Flow	23,155	7,626	14,296	25,179	18,955
Unlevered Free Cash Flow	23,669	8,102	14,682	25,384	19,150
Change in Working Capital	-	-8,994	-15,147	1,106	-1,006

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