Service Global Footwear Cash Flow Statement

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

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	1,937	1,113	1,171	342.06	403.22
Depreciation & Amortization	-	285.34	245.59	186.86	171.37
Loss (Gain) From Sale of Assets	-	-1.66	-1.14	-0.58	-0.01
Loss (Gain) From Sale of Investments	-	-	-	-	1.05
Loss (Gain) on Equity Investments	-	-1,323	-474.04	224.07	-19.46
Stock-Based Compensation	-	6.8	0.9	25.03	18.72
Provision & Write-off of Bad Debts	-	63.06	-8.19	10.25	2.36
Other Operating Activities	-1,287	-253	-510.11	114.03	-419.06
Change in Accounts Receivable	-	-525.03	314.02	-938.09	292.17
Change in Inventory	-	374.27	-1,212	-1,801	-725.06
Change in Accounts Payable	-	-446.7	767.03	609.01	0.13
Change in Other Net Operating Assets	-	81.55	-881.26	-795.18	620.96
Operating Cash Flow	631.12	-617.72	-582.37	-2,030	343.84
Operating Cash Flow Growth	-	-	-	-	-49.59%
Capital Expenditures	-1,561	-178.54	-738.76	-684.23	-214.98
Sale of Property, Plant & Equipment	13.6	16.19	6.55	6.27	0.09
Investment in Securities	-91	-286.4	-	-636.32	-1,787
Other Investing Activities	3,146	-761.2	1,551	1,915	-274.95
Investing Cash Flow	1,507	-1,210	818.62	601.03	-2,277
Short-Term Debt Issued	-	750.09	2,794	1,564	-
Long-Term Debt Issued	986.98	-	-	149.31	5.3
Total Debt Issued	986.98	750.09	2,794	1,714	5.3
Short-Term Debt Repaid	-1,904	-	-	-	-333.88
Long-Term Debt Repaid	-59.45	-49.4	-39.45	-148.46	-137.57
Total Debt Repaid	-1,964	-49.4	-39.45	-148.46	-471.45
Net Debt Issued (Repaid)	-976.67	700.7	2,755	1,565	-466.15
Issuance of Common Stock	13.96	4.17	8.3	6.5	2,175
Common Dividends Paid	-827.76	-1,029	-204.99	-916.74	-
Other Financing Activities	-	-	-	-	-97.07
Financing Cash Flow	-1,790	-324.09	2,558	654.84	1,612
Foreign Exchange Rate Adjustments	4.03	-2.99	-4.53	-	-
Net Cash Flow	352.08	-2,155	2,790	-773.8	-321
Free Cash Flow	-930.21	-796.26	-1,321	-2,714	128.86
Free Cash Flow Growth	-	-	-	-	-69.12%
Free Cash Flow Margin	-4.67%	-4.56%	-8.77%	-23.09%	1.83%
Free Cash Flow Per Share	-4.48	-3.85	-6.43	-13.21	0.67
Cash Interest Paid	471.15	798.01	1,015	317.08	166.58
Cash Income Tax Paid	540.16	354.49	258.32	221.66	103.32
Levered Free Cash Flow	1,538	-3,373	-809.54	-1,731	1,764
Unlevered Free Cash Flow	1,850	-3,001	-226.46	-1,464	1,853
Change in Working Capital	-	-515.92	-1,012	-2,925	188.19

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.