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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	38.68	57.64	71.63	1,127	18.26	-9.69
Depreciation & Amortization	73.66	84.43	116.92	147.48	147.78	214.11
Other Amortization	4.55	4.55	4.19	4.31	5.8	4.81
Change in Other Net Operating Assets	876.51	350.27	381.21	144.94	184.76	-184.55
Other Operating Activities	-238.1	-216.76	-348.23	-1,523	-49.47	-77.93
Operating Cash Flow	777.3	302.12	242.71	-76.93	321.39	-36.25
Operating Cash Flow Growth	86.81%	24.48%	-	-	-	-
Capital Expenditures	-112.73	-131.89	-58.09	-39.99	-54.42	-143.61
Sale of Property, Plant & Equipment	95.23	95.23	7.43	0.11	6.04	11.35
Cash Acquisitions	-	-	-	218.84	-	-
Investment in Securities	334.67	334.67	236.85	1,001	221.9	218.92
Other Investing Activities	204.72	187.32	333.64	373.64	104.39	78.32
Investing Cash Flow	521.9	485.33	519.82	1,553	277.91	164.98
Total Debt Repaid	-140.56	-136.76	-139.74	-181.92	-194.66	-184.88
Net Debt Issued (Repaid)	-140.56	-136.76	-139.74	-181.92	-194.66	-184.88
Issuance of Common Stock	2.5	2.5	-	-	633.67	466.5
Common Dividends Paid	-	-	-199.1	-338.58	-	-
Other Financing Activities	-8.31	-10.9	-9.31	-9.17	-18.98	-22.35
Financing Cash Flow	-146.37	-145.15	-348.15	-529.68	420.03	259.26
Miscellaneous Cash Flow Adjustments	-0	-	0	-	-	-
Net Cash Flow	1,153	642.29	414.37	946.69	1,019	388
Free Cash Flow	664.57	170.23	184.62	-116.92	266.97	-179.86
Free Cash Flow Growth	96.64%	-7.79%	-	-	-	-
Free Cash Flow Margin	13.63%	3.73%	4.75%	-3.24%	8.63%	-7.17%
Free Cash Flow Per Share	3.31	0.86	0.93	-0.59	1.52	-1.21
Cash Interest Paid	8.31	10.9	9.31	9.17	18.98	2.23
Cash Income Tax Paid	20.32	13.23	60.53	74.74	44.08	31.34
Levered Free Cash Flow	-378.4	388.62	105.62	753.16	663.03	260.51
Unlevered Free Cash Flow	-367.94	398.93	120.59	765.47	680.56	275.86
Change in Working Capital	876.51	350.27	381.21	144.94	184.76	-184.55

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