Systems Limited (PSX:SYS)
Pakistan · Delayed Price · Currency is PKR 114.96
-1.92 (-1.64%)
At close: Nov 6, 2026
Systems Cash Flow Statement
Financials in millions PKR. Fiscal year is January - December.
Millions PKR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | 12,181 | 11,041 | 7,460 | 8,689 | 6,629 | 4,462 |
Depreciation & Amortization | 2,413 | 1,712 | 1,772 | 1,899 | 821.87 | 372.68 |
Other Amortization | 15.88 | 85.69 | 84.03 | 53.01 | 20.54 | - |
Loss (Gain) From Sale of Assets | -92.68 | -30.14 | -11.96 | 1.18 | -82.84 | -832.83 |
Loss (Gain) From Sale of Investments | -382.5 | -96.81 | -158.83 | 793.26 | -47 | -171.88 |
Loss (Gain) on Equity Investments | -11.73 | 72.86 | 118.97 | 48.07 | 323.9 | 83.38 |
Stock-Based Compensation | 427.1 | 383.79 | 446.6 | 269.27 | 160.92 | 200.05 |
Provision & Write-off of Bad Debts | 892.1 | 892.22 | 438.29 | 192.8 | -40.36 | 8.13 |
Other Operating Activities | 1,070 | 95.41 | 141.35 | -2,550 | -1,553 | -441.44 |
Change in Accounts Receivable | -7,354 | -4,967 | -7,085 | -7,248 | -2,366 | -2,028 |
Change in Accounts Payable | -304.77 | 1,360 | 1,669 | 2,838 | -1,067 | 588.59 |
Change in Unearned Revenue | 2,697 | 1,671 | -762.31 | 1,612 | 2,086 | 645.14 |
Change in Other Net Operating Assets | -959.4 | -1,318 | -42.47 | -1,322 | 818.38 | -1,038 |
Operating Cash Flow | 10,568 | 10,877 | 4,117 | 5,287 | 5,704 | 1,848 |
Operating Cash Flow Growth | 80.65% | 164.17% | -22.12% | -7.31% | 208.65% | -21.18% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -1,539 | -914.8 | -888.8 | -1,543 | -1,440 | -874.86 |
Sale of Property, Plant & Equipment | 330.84 | 81 | 46.94 | 32.99 | 94.66 | 41.29 |
Cash Acquisitions | -1,347 | -2,090 | - | -1,746 | -971.47 | - |
Divestitures | - | - | - | - | - | -72.62 |
Sale (Purchase) of Intangibles | -1,029 | -1,003 | -1,136 | -1,271 | -1,218 | -78.63 |
Investment in Securities | -9,227 | -2,175 | -1,462 | 3,450 | 659.75 | -2,690 |
Other Investing Activities | 187.02 | 124.24 | 173.65 | 201.99 | 94.65 | 199.21 |
Investing Cash Flow | -12,625 | -5,978 | -3,266 | -875.53 | -2,780 | -3,475 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Short-Term Debt Issued | - | 11,376 | 8,179 | 3,801 | 1,260 | 1,610 |
Total Debt Issued | 16,056 | 11,376 | 8,179 | 3,801 | 1,260 | 1,610 |
Short-Term Debt Repaid | - | -10,640 | -9,018 | -4,792 | -900 | - |
Long-Term Debt Repaid | - | -251.86 | -257.56 | -226.37 | -233.14 | -186.75 |
Lease Payments | -374.38 | -251.86 | -257.56 | -226.37 | -139.73 | -55.32 |
Total Debt Repaid | -9,966 | -10,892 | -9,275 | -5,018 | -1,133 | -186.75 |
Net Debt Issued (Repaid) | 6,090 | 484.09 | -1,097 | -1,217 | 126.86 | 1,423 |
Issuance of Common Stock | 244.63 | 577.81 | 357.13 | 158.19 | 64.97 | 105.74 |
Common Dividends Paid | -2,936 | -1,751 | -1,737 | -1,450 | -691.6 | -434.57 |
Other Financing Activities | -29.26 | - | - | - | - | - |
Financing Cash Flow | 3,370 | -689.43 | -2,477 | -2,509 | -499.78 | 1,094 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | 117.85 | 79.07 | -122.03 | 296.13 | 118.44 | 68.48 |
Net Cash Flow | 1,431 | 4,289 | -1,747 | 2,198 | 2,542 | -464.51 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 9,028 | 9,962 | 3,229 | 3,744 | 4,264 | 973.12 |
Free Cash Flow Growth | 80.36% | 208.56% | -13.76% | -12.19% | 338.16% | -51.85% |
Free Cash Flow Margin | 9.08% | 12.39% | 4.78% | 7.01% | 13.43% | 6.36% |
Free Cash Flow Per Share | 5.89 | 6.72 | 2.20 | 2.56 | 3.02 | 0.70 |
Levered Free Cash Flow | -739.29 | 2,214 | -902.16 | -3,135 | 1,158 | 416.84 |
Unlevered Free Cash Flow | -434.5 | 2,361 | -674.15 | -2,635 | 1,322 | 488.99 |
Free Cash Flow After Leases | 8,654 | 9,710 | 2,971 | 3,518 | 4,124 | 917.8 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 343.89 | 164.57 | 360.44 | 633.92 | 121.7 | 123.93 |
Cash Income Tax Paid | 1,501 | 1,440 | 922.83 | 516.32 | 219.44 | 146.53 |
Change in Working Capital | -5,921 | -3,254 | -6,220 | -4,120 | -529.24 | -1,832 |