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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-470.83	-333.08	4,470	5,863	3,136	1,049
Depreciation & Amortization	891.43	891.43	920.55	954.79	930.05	924.68
Loss (Gain) on Sale of Assets	-85.6	-85.6	-	-	-0.05	-
Loss (Gain) on Sale of Investments	-1,812	-1,812	-854.56	-442.04	-	5.89
Change in Accounts Receivable	11,515	11,515	-1,103	3,839	-7,865	12,035
Change in Inventory	2,562	2,562	-1,333	1,138	34.5	-1,794
Change in Accounts Payable	-544.45	-544.45	-444.16	301.42	-2,366	2,238
Change in Other Net Operating Assets	2,559	2,559	100.5	131	-1,242	-429.17
Other Operating Activities	-11,169	241.08	704.25	-163.84	-210.8	-76.85
Operating Cash Flow	3,458	15,009	2,925	11,626	-7,580	13,967
Operating Cash Flow Growth	-76.85%	413.18%	-74.84%	-	-	151.38%
Capital Expenditures	-0.08	-	-48.74	-325.97	-17.88	-49.43
Sale of Property, Plant & Equipment	298.15	213.44	-	-	0.05	-
Investment in Securities	-2,373	-4,417	1,288	-6,105	-5	-5.89
Other Investing Activities	-144.69	47.11	131.79	106.72	555.16	57.99
Investing Cash Flow	-2,220	-4,156	1,371	-6,324	532.33	2.68
Long-Term Debt Repaid	-	-	-	-	-48.99	-49.33
Net Debt Issued (Repaid)	-	-	-	-	-48.99	-49.33
Repurchase of Common Stock	-11,369	-10,188	-	-	-	-
Common Dividends Paid	-738.01	-737.84	-2,581	-6,226	-558.29	-1,120
Financing Cash Flow	-12,107	-10,926	-2,581	-6,226	-607.28	-1,170
Net Cash Flow	-10,869	-73.58	1,715	-923.9	-7,655	12,800
Free Cash Flow	3,458	15,009	2,876	11,300	-7,598	13,917
Free Cash Flow Growth	-76.80%	421.87%	-74.55%	-	-	150.57%
Free Cash Flow Margin	-	1621.90%	25.41%	54.23%	-16.58%	69.93%
Free Cash Flow Per Share	10.88	41.33	7.73	30.37	-20.42	37.40
Cash Interest Paid	0.33	10.86	41.21	54.1	260.09	429.92
Cash Income Tax Paid	451.78	411.39	177.63	43.16	33.54	11.39
Levered Free Cash Flow	4,538	16,174	1,983	9,597	-8,201	13,754
Unlevered Free Cash Flow	4,538	16,174	2,007	9,611	-8,040	13,947
Change in Working Capital	16,091	16,091	-2,780	5,410	-11,438	12,050

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