TPL Insurance Cash Flow Statement

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

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	58.85	71.63	1,127	18.26	-9.69	39.79	Upgrade
Depreciation & Amortization	115.01	116.92	147.48	147.78	214.11	230.64	Upgrade
Other Amortization	4.19	4.19	4.31	5.8	4.81	3.93	Upgrade
Change in Other Net Operating Assets	374.42	381.21	144.94	184.76	-184.55	272.8	Upgrade
Other Operating Activities	-290.05	-348.23	-1,523	-49.47	-77.93	-75.01	Upgrade
Operating Cash Flow	279.41	242.71	-76.93	321.39	-36.25	494.15	Upgrade
Operating Cash Flow Growth	-	-	-	-	-	41.61%	Upgrade
Capital Expenditures	-113.29	-58.09	-39.99	-54.42	-143.61	-15.07	Upgrade
Sale of Property, Plant & Equipment	17.11	7.43	0.11	6.04	11.35	4.72	Upgrade
Cash Acquisitions	-	-	218.84	-	-	-	Upgrade
Investment in Securities	198.63	236.85	1,001	221.9	218.92	-488.17	Upgrade
Other Investing Activities	154.79	333.64	373.64	104.39	78.32	80.38	Upgrade
Investing Cash Flow	257.25	519.82	1,553	277.91	164.98	-418.14	Upgrade
Total Debt Repaid	-79.36	-139.74	-181.92	-194.66	-184.88	-208.69	Upgrade
Net Debt Issued (Repaid)	-79.36	-139.74	-181.92	-194.66	-184.88	-208.69	Upgrade
Issuance of Common Stock	-	-	-	633.67	466.5	-	Upgrade
Common Dividends Paid	-	-199.1	-338.58	-	-	-	Upgrade
Other Financing Activities	-9.82	-9.31	-9.17	-18.98	-22.35	-1.37	Upgrade
Financing Cash Flow	-89.18	-348.15	-529.68	420.03	259.26	-210.06	Upgrade
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-	Upgrade
Net Cash Flow	447.48	414.37	946.69	1,019	388	-134.05	Upgrade
Free Cash Flow	166.13	184.62	-116.92	266.97	-179.86	479.08	Upgrade
Free Cash Flow Growth	-	-	-	-	-	51.65%	Upgrade
Free Cash Flow Margin	3.80%	4.75%	-3.24%	8.63%	-7.17%	20.46%	Upgrade
Free Cash Flow Per Share	0.88	0.93	-0.59	1.52	-1.21	3.78	Upgrade
Cash Interest Paid	11.46	9.31	9.17	18.98	2.23	1.37	Upgrade
Cash Income Tax Paid	64.07	60.53	74.74	44.08	31.34	59.91	Upgrade
Levered Free Cash Flow	679.61	127.92	753.16	663.03	260.51	50.94	Upgrade
Unlevered Free Cash Flow	689.67	142.89	765.47	680.56	275.86	72.07	Upgrade
Change in Working Capital	374.42	381.21	144.94	184.76	-184.55	272.8	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.