Waves Home Appliances 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	189.2	153.29	115.72	13.13	27
Depreciation & Amortization	-	232.71	267.08	283.73	92.6
Other Amortization	-	2.9	6.84	9.03	5.15
Loss (Gain) From Sale of Assets	-	-48.88	-28.48	-14.02	-1.46
Asset Writedown & Restructuring Costs	-	-1.3	-33.61	-	-
Provision & Write-off of Bad Debts	-	146.79	60.44	-	-
Other Operating Activities	-73.71	-29.26	-521.8	266.15	167.58
Change in Accounts Receivable	-	-1,366	1,170	2,144	-1,706
Change in Inventory	-	507.78	281.51	767.32	-867.39
Change in Accounts Payable	-	383.41	213.26	-427.38	551.36
Change in Other Net Operating Assets	-	88.6	-390.73	35.89	1,878
Operating Cash Flow	115.5	70.46	1,140	3,077	146.84
Operating Cash Flow Growth	63.92%	-93.82%	-62.95%	1995.79%	-
Capital Expenditures	-116.71	-245.48	-1,085	-2,410	-84.91
Sale of Property, Plant & Equipment	-	35.66	39.29	23.73	11.63
Sale (Purchase) of Real Estate	-	58	-	-	-
Other Investing Activities	1.8	0.33	8.52	-11.98	-
Investing Cash Flow	-114.9	-151.49	-1,037	-2,399	-73.28
Short-Term Debt Issued	136.39	201.07	109.52	4.2	-
Long-Term Debt Issued	-	-	195.08	328.23	-
Total Debt Issued	136.39	201.07	304.6	332.42	111.23
Short-Term Debt Repaid	-12.47	-65.13	-377.86	-827.42	-
Long-Term Debt Repaid	-106.88	-60.02	-24.48	-226.81	-
Total Debt Repaid	-119.35	-125.15	-402.35	-1,054	-92.31
Net Debt Issued (Repaid)	17.04	75.92	-97.74	-721.8	18.93
Other Financing Activities	-	-	-5.63	-22.01	-161.2
Financing Cash Flow	17.04	75.92	-103.37	-743.81	-142.27
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-926.61
Net Cash Flow	17.63	-5.12	-0.18	-64.98	-995.31
Free Cash Flow	-1.21	-175.02	55.38	667.07	61.94
Free Cash Flow Growth	-	-	-91.70%	977.02%	-
Free Cash Flow Margin	-0.03%	-5.52%	1.33%	8.99%	2.97%
Free Cash Flow Per Share	-0.01	-0.65	0.21	2.49	0.34
Cash Interest Paid	131.32	367.8	999.56	226.52	161.3
Cash Income Tax Paid	-45.69	-24.83	126.91	98.75	0.1
Levered Free Cash Flow	-89.6	-98.94	1,190	469.81	-
Unlevered Free Cash Flow	351.68	279.34	1,423	572.23	-
Change in Working Capital	-	-385.78	1,274	2,519	-144.03

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