TPL Insurance 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	57.64	71.63	1,127	18.26	-9.69
Depreciation & Amortization	110.97	116.92	147.48	147.78	214.11
Other Amortization	-	4.19	4.31	5.8	4.81
Change in Other Net Operating Assets	350.27	381.21	144.94	184.76	-184.55
Other Operating Activities	-216.76	-348.23	-1,523	-49.47	-77.93
Operating Cash Flow	302.12	242.71	-76.93	321.39	-36.25
Operating Cash Flow Growth	24.48%	-	-	-	-
Capital Expenditures	-131.89	-58.09	-39.99	-54.42	-143.61
Sale of Property, Plant & Equipment	95.23	7.43	0.11	6.04	11.35
Cash Acquisitions	-	-	218.84	-	-
Investment in Securities	334.67	236.85	1,001	221.9	218.92
Other Investing Activities	187.32	333.64	373.64	104.39	78.32
Investing Cash Flow	485.33	519.82	1,553	277.91	164.98
Total Debt Repaid	-136.76	-139.74	-181.92	-194.66	-184.88
Net Debt Issued (Repaid)	-136.76	-139.74	-181.92	-194.66	-184.88
Issuance of Common Stock	2.5	-	-	633.67	466.5
Common Dividends Paid	-	-199.1	-338.58	-	-
Other Financing Activities	-10.9	-9.31	-9.17	-18.98	-22.35
Financing Cash Flow	-145.15	-348.15	-529.68	420.03	259.26
Net Cash Flow	642.29	414.37	946.69	1,019	388
Free Cash Flow	170.23	184.62	-116.92	266.97	-179.86
Free Cash Flow Growth	-7.79%	-	-	-	-
Free Cash Flow Margin	3.66%	4.75%	-3.24%	8.63%	-7.17%
Free Cash Flow Per Share	0.71	0.93	-0.59	1.52	-1.21
Cash Interest Paid	-	9.31	9.17	18.98	2.23
Cash Income Tax Paid	-	60.53	74.74	44.08	31.34
Levered Free Cash Flow	-434.93	127.92	753.16	663.03	260.51
Unlevered Free Cash Flow	-417.86	142.89	765.47	680.56	275.86
Change in Working Capital	350.27	381.21	144.94	184.76	-184.55

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