Waves Corporation Limited (PSX:WAVES)
Pakistan · Delayed Price · Currency is PKR 9.17
+0.27 (3.03%)
At close: Nov 6, 2026
Waves Corporation 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 | 868.37 | 436.6 | 1,046 | 226.69 | 236.4 | 318.62 |
Depreciation & Amortization | 356.48 | 365.58 | 319 | 373.41 | 370.32 | 404.9 |
Other Amortization | 4.67 | 4.67 | 4.67 | 8.6 | 10.8 | 16.32 |
Loss (Gain) From Sale of Assets | 52.57 | 49.4 | -79.97 | -29.74 | -15.23 | -2.05 |
Asset Writedown & Restructuring Costs | -678.92 | -541.69 | -460.69 | -0.17 | - | - |
Provision & Write-off of Bad Debts | 415.2 | 397.01 | 152.83 | 64.98 | -21.75 | -35.47 |
Other Operating Activities | -131.34 | 273.78 | -351.52 | -0.54 | 180.96 | 679.18 |
Change in Accounts Receivable | -1,147 | -783.42 | -1,567 | 1,422 | 1,203 | -954.94 |
Change in Inventory | -261.04 | -8.06 | 488.08 | -12.7 | 531.87 | -1,211 |
Change in Accounts Payable | 0.18 | -360.14 | 65.9 | -117.48 | 1,230 | 666.08 |
Change in Other Net Operating Assets | 74.41 | 19.52 | -234.52 | 39.07 | -381.14 | -26.91 |
Operating Cash Flow | -446.77 | -146.76 | -616.85 | 1,974 | 3,345 | -145.41 |
Operating Cash Flow Growth | - | - | - | -41.00% | - | - |
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 | -214.57 | -16.71 | -245.48 | -1,898 | -2,578 | -815.92 |
Sale of Property, Plant & Equipment | -0.43 | 122.76 | 106.96 | 41.37 | 53.42 | 14.02 |
Sale (Purchase) of Intangibles | - | - | - | -0.05 | -1.34 | - |
Sale (Purchase) of Real Estate | - | - | 74.4 | - | - | - |
Other Investing Activities | 1.9 | 1.9 | - | 8.51 | -38.07 | - |
Investing Cash Flow | -213.1 | 107.95 | -64.12 | -1,848 | -2,564 | -801.9 |
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 | - | 187.42 | 236.14 | 109.52 | 4.2 | 1,105 |
Long-Term Debt Issued | - | - | - | 163.41 | - | - |
Total Debt Issued | 476.61 | 187.42 | 236.14 | 272.93 | 4.2 | 1,105 |
Short-Term Debt Repaid | - | - | - | -423.58 | -1,429 | - |
Long-Term Debt Repaid | - | -228.38 | -68.39 | -29.08 | -839.13 | -579.11 |
Lease Payments | -6.43 | -9.38 | -18.56 | -29.08 | -24.59 | -114.98 |
Total Debt Repaid | -222.81 | -228.38 | -68.39 | -452.65 | -2,268 | -579.11 |
Net Debt Issued (Repaid) | 253.81 | -40.96 | 167.75 | -179.72 | -2,264 | 525.4 |
Issuance of Common Stock | 279.23 | - | - | - | - | 1,002 |
Common Dividends Paid | - | - | - | - | - | -0.1 |
Other Financing Activities | 78.96 | 102.75 | 503.68 | - | - | -699.2 |
Financing Cash Flow | 611.99 | 61.78 | 671.43 | -179.72 | -2,264 | 828.22 |
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 |
Miscellaneous Cash Flow Adjustments | - | - | - | - | -0 | - |
Net Cash Flow | -47.88 | 22.97 | -9.54 | -54.47 | -1,483 | -119.09 |
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 | -661.34 | -163.47 | -862.33 | 75.42 | 766.66 | -961.33 |
Free Cash Flow Growth | - | - | - | -90.16% | - | - |
Free Cash Flow Margin | -13.81% | -3.42% | -21.86% | 1.45% | 7.71% | -9.21% |
Free Cash Flow Per Share | -2.29 | -0.58 | -3.06 | 0.27 | 2.72 | -3.42 |
Levered Free Cash Flow | 134.52 | 247.01 | 2,445 | 391.54 | -1,607 | -2,088 |
Unlevered Free Cash Flow | 238.62 | 250.34 | 2,450 | 550.94 | -1,343 | -1,661 |
Free Cash Flow After Leases | -667.77 | -172.85 | -880.89 | 46.34 | 742.07 | -1,076 |
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 | 107.5 | 83.71 | 265.51 | 153.69 | 219.73 | 699.2 |
Cash Income Tax Paid | 23.88 | -43.93 | -20.76 | 130.55 | 141.48 | 150.15 |
Change in Working Capital | -1,334 | -1,132 | -1,248 | 1,330 | 2,584 | -1,527 |