PIA Holding Company Limited (PSX:PIAHCLA)
Pakistan · Delayed Price · Currency is PKR 22.51
-0.11 (-0.49%)
At close: Sep 29, 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 | 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 | -25,527 | -14,625 | -87,395 | -97,302 | -53,374 |
Depreciation & Amortization | 4,835 | 16,756 | 17,268 | 15,238 | 13,881 |
Other Amortization | 55.43 | 86.2 | 107.28 | 151.99 | 647.76 |
Loss (Gain) From Sale of Assets | 744.81 | -3.83 | -0.01 | -11.78 | 15.18 |
Asset Writedown & Restructuring Costs | - | -960.58 | -31,872 | 8,307 | -3,728 |
Loss (Gain) on Equity Investments | - | - | 1 | 0.85 | 0.92 |
Provision & Write-off of Bad Debts | - | - | - | -113.37 | 1,192 |
Other Operating Activities | -162,843 | 39,670 | 72,505 | 38,804 | 14,039 |
Change in Accounts Receivable | -178.03 | 3,679 | 4,717 | -5,786 | -5,091 |
Change in Inventory | 39.9 | -617.01 | -568.79 | -629.45 | 29.17 |
Change in Accounts Payable | -8,085 | -161.8 | 59,573 | 40,979 | -545.19 |
Change in Other Net Operating Assets | 6,207 | -10,274 | -11,876 | -262.16 | 9,388 |
Operating Cash Flow | 8,461 | 33,550 | 22,459 | -623.66 | -23,546 |
Operating Cash Flow Growth | -74.78% | 49.38% | - | - | - |
Investing Activities
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 |
Capital Expenditures | -447.73 | -1,736 | -4,300 | -3,983 | -2,012 |
Sale of Property, Plant & Equipment | 216.73 | 50.55 | 0.24 | 17.3 | 21.51 |
Sale (Purchase) of Intangibles | - | - | -41.19 | -96.36 | -96.6 |
Investment in Securities | -13,000 | -886.6 | -4,212 | - | - |
Investing Cash Flow | -13,231 | -2,572 | -8,553 | -4,062 | -2,088 |
Financing Activities
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 |
Short-Term Debt Issued | - | - | 17,000 | - | - |
Long-Term Debt Issued | 32,531 | - | 28,307 | 54,448 | 86,631 |
Total Debt Issued | 32,531 | - | 45,307 | 54,448 | 86,631 |
Long-Term Debt Repaid | -46.46 | -13,413 | -62,992 | -50,381 | -54,814 |
Lease Payments | -46.46 | -8,739 | -9,777 | -8,132 | -10,425 |
Total Debt Repaid | -46.46 | -13,413 | -62,992 | -50,381 | -54,814 |
Net Debt Issued (Repaid) | 32,484 | -13,413 | -17,685 | 4,067 | 31,817 |
Common Dividends Paid | - | - | -260.6 | - | - |
Other Financing Activities | -35,913 | -8,265 | - | - | - |
Financing Cash Flow | -3,428 | -21,678 | -17,946 | 4,067 | 31,817 |
Net Cash Flow
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 |
Foreign Exchange Rate Adjustments | -319.3 | -880.25 | -431.65 | 189.32 | 303.84 |
Net Cash Flow | -8,517 | 8,419 | -4,472 | -428.85 | 6,487 |
Free Cash Flow
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 |
Free Cash Flow | 8,014 | 31,814 | 18,159 | -4,606 | -25,558 |
Free Cash Flow Growth | -74.81% | 75.19% | - | - | - |
Free Cash Flow Margin | 31.17% | 13.28% | 7.00% | -2.58% | -29.01% |
Free Cash Flow Per Share | 1.53 | 6.08 | 3.47 | -0.88 | -4.88 |
Levered Free Cash Flow | -79,957 | 2,655 | 54,326 | 22,006 | -8,380 |
Unlevered Free Cash Flow | -79,957 | 77,666 | 110,938 | 54,134 | 8,605 |
Free Cash Flow After Leases | 7,967 | 23,075 | 8,382 | -12,738 | -35,983 |
Additional Metrics
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 |
Cash Interest Paid | 35,913 | 8,265 | 44,525 | 34,649 | 20,931 |
Cash Income Tax Paid | 29.78 | 77.77 | 234.67 | -157.37 | 129.9 |
Change in Working Capital | -2,017 | -7,373 | 51,845 | 34,302 | 3,781 |