Pakistan Tobacco Company 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	32,386	27,783	28,960	21,321	18,862	16,492
Depreciation & Amortization	2,716	2,438	2,153	2,148	1,707	1,500
Loss (Gain) From Sale of Assets	-415.69	-218.07	-106.14	-108.4	-81.74	198.34
Asset Writedown & Restructuring Costs	-192.99	-192.99	0.26	-	-	-
Other Operating Activities	1,661	-956.18	231.88	449.98	-508.63	307.58
Change in Accounts Receivable	5.66	2,684	-2,685	-0.73	-0.75	2.87
Change in Inventory	-1,503	-2,675	-22,036	-2,997	-2,591	1,818
Change in Accounts Payable	-2,313	-8,780	10,954	5,773	1,286	2,725
Change in Other Net Operating Assets	-3,435	-222.86	-1,379	-1,668	299.85	-829.19
Operating Cash Flow	28,909	19,860	16,091	24,917	18,973	22,215
Operating Cash Flow Growth	86.28%	23.42%	-35.42%	31.33%	-14.60%	159.40%
Capital Expenditures	-4,399	-4,171	-5,075	-2,522	-2,421	-4,201
Sale of Property, Plant & Equipment	1,076	481.32	257.49	406.74	419.06	226.57
Other Investing Activities	2,030	6,326	7,028	2,857	981.4	782.87
Investing Cash Flow	-1,293	2,636	2,210	742.25	-1,020	-3,192
Short-Term Debt Issued	-	-	-	-	2,300	-
Total Debt Issued	-	-	-	-	2,300	-
Short-Term Debt Repaid	-	-	-2,300	-	-	-
Long-Term Debt Repaid	-	-1,783	-1,479	-1,399	-987.26	-515.88
Total Debt Repaid	-1,760	-1,783	-3,779	-1,399	-987.26	-515.88
Net Debt Issued (Repaid)	-1,760	-1,783	-3,779	-1,399	1,313	-515.88
Common Dividends Paid	-35,570	-39,906	-5,427	-11,507	-15,861	-14,801
Financing Cash Flow	-37,330	-41,690	-9,206	-12,906	-14,548	-15,317
Net Cash Flow	-9,714	-19,194	9,096	12,753	3,404	3,707
Free Cash Flow	24,511	15,689	11,016	22,395	16,552	18,014
Free Cash Flow Growth	130.99%	42.41%	-50.81%	35.30%	-8.12%	208.82%
Free Cash Flow Margin	18.09%	12.96%	10.02%	23.61%	22.07%	29.59%
Free Cash Flow Per Share	95.93	61.41	43.12	87.65	64.78	70.51
Cash Interest Paid	46.16	94.59	208.13	62.08	261.72	258.98
Cash Income Tax Paid	21,343	20,495	19,074	11,876	6,912	5,005
Levered Free Cash Flow	27,762	7,626	14,296	25,179	18,955	16,110
Unlevered Free Cash Flow	27,762	8,102	14,682	25,384	19,150	16,261
Change in Working Capital	-7,246	-8,994	-15,147	1,106	-1,006	3,717

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