PIA Holding Company Limited (PSX:PIAHCLA)
Pakistan · Delayed Price · Currency is PKR 27.29
-0.30 (-1.09%)
At close: Jul 31, 2026
PIA Holding Company Cash Flow Statement
Financials in millions PKR. Fiscal year is January - December.
Millions PKR. Fiscal year is Jan - Dec.
Operating Activities
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 | -32,378 | -15,548 | -87,395 | -97,302 | -53,374 | -43,555 |
Depreciation & Amortization | 13,160 | 16,717 | 17,268 | 15,238 | 13,881 | 17,080 |
Other Amortization | 60.24 | 86.2 | 107.28 | 151.99 | 647.76 | 642.68 |
Loss (Gain) From Sale of Assets | -0.28 | -3.83 | -0.01 | -11.78 | 15.18 | -830.84 |
Asset Writedown & Restructuring Costs | -958.74 | -918.47 | -31,872 | 8,307 | -3,728 | - |
Loss (Gain) on Equity Investments | - | - | 1 | 0.85 | 0.92 | -0.98 |
Provision & Write-off of Bad Debts | -632.8 | - | - | -113.37 | 1,192 | 540.5 |
Other Operating Activities | 22,942 | 32,332 | 72,505 | 38,804 | 14,039 | 12,911 |
Change in Accounts Receivable | -250.09 | 3,679 | 4,717 | -5,786 | -5,091 | 8,454 |
Change in Inventory | -1,811 | -617.01 | -568.79 | -629.45 | 29.17 | 605.31 |
Change in Accounts Payable | -179.14 | -168.98 | 59,573 | 40,979 | -545.19 | -2,438 |
Change in Other Net Operating Assets | -9,011 | -10,274 | -11,876 | -262.16 | 9,388 | -4,915 |
Operating Cash Flow | -9,059 | 25,285 | 22,459 | -623.66 | -23,546 | -11,507 |
Operating Cash Flow Growth | - | 12.58% | - | - | - | - |
Investing Activities
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 |
Capital Expenditures | -3,425 | -1,736 | -4,300 | -3,983 | -2,012 | -3,211 |
Sale of Property, Plant & Equipment | 64.66 | 50.55 | 0.24 | 17.3 | 21.51 | - |
Sale (Purchase) of Intangibles | -8.2 | - | -41.19 | -96.36 | -96.6 | 105.14 |
Investment in Securities | -3,275 | -886.6 | -4,212 | - | - | - |
Other Investing Activities | -2,967 | - | - | - | - | - |
Investing Cash Flow | -9,611 | -2,572 | -8,553 | -4,062 | -2,088 | -3,106 |
Financing Activities
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 |
Short-Term Debt Issued | - | 7,005 | 17,000 | - | - | - |
Long-Term Debt Issued | - | - | 28,307 | 54,448 | 86,631 | 49,489 |
Total Debt Issued | 40,552 | 7,005 | 45,307 | 54,448 | 86,631 | 49,489 |
Short-Term Debt Repaid | - | - | - | - | - | -13,240 |
Long-Term Debt Repaid | - | -20,410 | -62,992 | -50,381 | -54,814 | -30,817 |
Total Debt Repaid | -13,601 | -20,410 | -62,992 | -50,381 | -54,814 | -44,057 |
Net Debt Issued (Repaid) | 26,952 | -13,404 | -17,685 | 4,067 | 31,817 | 5,432 |
Common Dividends Paid | -8.53 | -8.53 | -260.6 | - | - | - |
Other Financing Activities | -7,000 | - | - | - | - | - |
Financing Cash Flow | 19,943 | -13,413 | -17,946 | 4,067 | 31,817 | 5,432 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -1,297 | -1,358 | -431.65 | 189.32 | 303.84 | -48.46 |
Net Cash Flow | -23.08 | 7,942 | -4,472 | -428.85 | 6,487 | -9,229 |
Free Cash Flow
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 |
Free Cash Flow | -12,484 | 23,549 | 18,159 | -4,606 | -25,558 | -14,718 |
Free Cash Flow Growth | - | 29.68% | - | - | - | - |
Free Cash Flow Margin | -5.26% | 9.83% | 7.00% | -2.58% | -29.01% | -14.84% |
Free Cash Flow Per Share | -2.38 | 4.50 | 3.47 | -0.88 | -4.88 | -2.81 |
Levered Free Cash Flow | -23,278 | 44,554 | 54,326 | 22,006 | -8,380 | -2,301 |
Unlevered Free Cash Flow | 26,427 | 81,983 | 110,938 | 54,134 | 8,605 | 16,446 |
Additional Metrics
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 |
Cash Interest Paid | 39,376 | 8,265 | 44,525 | 34,649 | 20,931 | 18,870 |
Cash Income Tax Paid | 1,343 | 77.77 | 234.67 | -157.37 | 129.9 | 88.58 |
Change in Working Capital | -11,251 | -7,380 | 51,845 | 34,302 | 3,781 | 1,706 |