Pakgen Power 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	-2,023	4,470	5,863	3,136	1,049	4,411
Depreciation & Amortization	987.02	908.89	954.79	930.05	924.68	867.81
Loss (Gain) on Sale of Assets	-0.8	-	-	-0.05	-	-
Loss (Gain) on Sale of Investments	-854.56	-854.56	-442.04	-	5.89	-
Change in Accounts Receivable	12,465	-1,103	3,839	-7,865	12,035	1,673
Change in Inventory	2,536	-1,333	1,138	34.5	-1,794	-817.95
Change in Accounts Payable	-723.32	-444.16	301.42	-2,366	2,238	215.34
Change in Other Net Operating Assets	1,102	100.5	131	-1,242	-429.17	-540.67
Other Operating Activities	1,202	704.25	-163.84	-210.8	-76.85	-272.82
Operating Cash Flow	15,184	2,913	11,626	-7,580	13,967	5,556
Operating Cash Flow Growth	104.88%	-74.94%	-	-	151.38%	926.67%
Capital Expenditures	1.61	-37.08	-325.97	-17.88	-49.43	-1.76
Sale of Property, Plant & Equipment	2.11	-	-	0.05	-	-
Investment in Securities	1,288	1,288	-6,105	-5	-5.89	-
Other Investing Activities	-488.29	131.79	106.72	555.16	57.99	724.79
Investing Cash Flow	803.75	1,383	-6,324	532.33	2.68	723.04
Long-Term Debt Issued	-	-	-	-	-	99.27
Long-Term Debt Repaid	-	-	-	-48.99	-49.33	-
Net Debt Issued (Repaid)	-	-	-	-48.99	-49.33	99.27
Common Dividends Paid	-1,475	-2,581	-6,226	-558.29	-1,120	-830.77
Financing Cash Flow	-1,475	-2,581	-6,226	-607.28	-1,170	-731.5
Net Cash Flow	14,512	1,715	-923.9	-7,655	12,800	5,548
Free Cash Flow	15,185	2,876	11,300	-7,598	13,917	5,554
Free Cash Flow Growth	112.82%	-74.55%	-	-	150.57%	1126.86%
Free Cash Flow Margin	1057.78%	25.41%	54.23%	-16.58%	69.93%	52.17%
Free Cash Flow Per Share	40.97	7.73	30.37	-20.42	37.40	14.93
Cash Interest Paid	16.92	41.21	54.1	260.09	429.92	1,190
Cash Income Tax Paid	356.4	177.63	43.16	33.54	11.39	11.53
Levered Free Cash Flow	16,134	1,983	9,597	-8,201	13,754	4,615
Unlevered Free Cash Flow	16,141	2,007	9,611	-8,040	13,947	5,236
Change in Working Capital	15,379	-2,780	5,410	-11,438	12,050	529.55

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