Saif Power 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	-38.45	-272.42	336.1	2,160	1,955
Depreciation & Amortization	666.16	656.69	647.11	633.33	623.54
Loss (Gain) on Sale of Assets	-4.27	-0.56	-2.68	-0.41	-0.14
Loss (Gain) on Sale of Investments	-51.84	252.45	-	45.35	-
Change in Accounts Receivable	3,653	1,350	2,330	1,009	-1,293
Change in Inventory	-	-	0.31	-154.12	-76.79
Change in Accounts Payable	1,487	125.75	106.18	-844.44	699.94
Change in Other Net Operating Assets	-16.45	4.82	-54.45	-58.4	255.4
Other Operating Activities	-813.34	188.57	304.84	84.38	86.35
Net Cash from Discontinued Operations	-	-	-	-16.81	-1.3
Operating Cash Flow	4,882	2,305	3,667	2,857	2,249
Operating Cash Flow Growth	111.80%	-37.15%	28.33%	27.03%	314.42%
Capital Expenditures	-26.83	-4.86	-0.74	-2.48	-0.73
Sale of Property, Plant & Equipment	0.86	6.8	6.5	0.54	0.36
Other Investing Activities	290.1	-1,409	-458.9	649.9	-19.12
Investing Cash Flow	264.13	-1,407	-453.13	647.96	-19.49
Short-Term Debt Issued	22,538	11,791	-	7,859	693.89
Total Debt Issued	22,538	11,791	-	7,859	693.89
Short-Term Debt Repaid	-26,467	-15,929	-3,857	-	-
Long-Term Debt Repaid	-204.04	-350.1	-330.02	-251.33	-199.27
Total Debt Repaid	-26,671	-16,279	-4,187	-251.33	-199.27
Net Debt Issued (Repaid)	-4,132	-4,487	-4,187	7,608	494.62
Issuance of Common Stock	-	789.18	-	-	-
Common Dividends Paid	-386.71	-1,154	-2,315	-4,265	-1,736
Other Financing Activities	-	-	-	30.66	14.3
Financing Cash Flow	-4,519	-4,853	-6,502	3,373	-1,227
Net Cash Flow	626.73	-3,954	-3,288	6,879	1,003
Free Cash Flow	4,855	2,300	3,666	2,855	2,249
Free Cash Flow Growth	111.08%	-37.27%	28.42%	26.96%	314.82%
Free Cash Flow Margin	52.83%	28.53%	19.25%	12.48%	13.72%
Free Cash Flow Per Share	12.56	5.95	9.49	7.39	5.82
Cash Interest Paid	1,002	1,929	1,944	998.35	692.62
Cash Income Tax Paid	91.16	13.03	1.7	0.77	1
Levered Free Cash Flow	5,454	605.79	3,634	2,540	337.55
Unlevered Free Cash Flow	5,933	1,625	4,943	3,150	736.37
Change in Working Capital	5,123	1,480	2,382	-48.22	-414.35

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