Arif Habib Limited (AHL) quarterly cash flow statement

Operating activities generated -Rs 166.8 mn of cash in Q4 FY2026 (Apr – Jun 2026). Overall, cash decreased by Rs 31.4 mn.

AHL cash flow statement (quarterly) (Rs mn)
Rs mn	TTM to Jun 2026	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Net cash from operating activities	1,968.6	(166.8)	1,365.3	(1,121.2)	1,891.3	(885.5)	1,499.4	(27.8)	(65.9)	(4,918.2)	4,885.9	2,515.8	(860.3)	3,559.7	(1,936.4)	1,867.7	(1,334.5)	(461.7)	(1,386.4)	(340.1)	(1,404.1)
Net cash from investing activities	497.6	142.1	232.9	99.1	23.5	(404.4)	623.4	(92.5)	41.0	811.8	(699.8)	74.2	9.2	(2,296.3)	1,311.4	2.2	(26.2)	175.8	27.0	1,375.6	(6.4)
Dividends paid	—	—	0.0	(649.6)	—	(0.4)	0.0	(325.1)	—	(0.5)	0.0	(162.6)	—	(0.1)	(0.4)	(389.3)	—	(0.1)	0.0	(589.7)	—
Net cash from financing activities	(686.0)	(6.6)	(815.6)	(454.8)	591.0	2.0	(2,841.3)	2,504.2	(13.7)	8.4	(9.1)	(173.8)	(4.1)	(799.2)	(1.9)	(403.5)	(0.3)	781.8	(1.0)	(601.3)	(6.8)
Net change in cash	1,780.2	(31.4)	782.6	(1,476.8)	2,505.7	(1,287.9)	(718.5)	2,383.9	(38.6)	(4,098.0)	4,177.0	2,416.2	(855.2)	464.2	(627.0)	1,466.4	(1,361.0)	495.9	(1,360.4)	434.3	(1,417.3)

AHL cash flow statement — year-on-year change (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Net cash from operating activities	—	-8.9%	—	—	—	-69.3%	-101.1%	—	-238.2%	—	+34.7%	—	—	—	—	—	-277.4%	-189.9%	—	-174.1%
Net cash from investing activities	—	-62.6%	—	-42.8%	-149.8%	—	-224.7%	+347.5%	—	-153.4%	+3,207.5%	—	-1,406.4%	+4,752.2%	-99.8%	—	—	-81.4%	—	—
Dividends paid	—	—	+99.8%	—	-14.9%	—	+99.9%	—	+698.2%	-100.0%	-58.2%	—	-36.3%	—	-34.0%	—	-38.5%	—	+300.5%	—
Net cash from financing activities	-425.7%	—	-118.2%	—	-75.8%	—	—	—	—	—	—	—	-202.2%	—	—	—	+99,828.0%	—	—	—
Net change in cash	—	—	-161.9%	—	—	-117.2%	-1.3%	—	-982.9%	—	+64.8%	—	-6.4%	—	+237.7%	—	+208.3%	-211.2%	—	-199.6%

Change against the same quarter a year earlier; shown when the earlier figure is positive.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.

All reported line items 61

AHL cash flow statement — all reported line items (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q4 FY2025 Apr – Jun 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021
Profit/(Loss) - Starting Line - Cash Flow	605.4	326.2	453.9	302.2	282.9	378.2	503.0	190.5	(478.6)	253.6	153.6	79.8	673.2	(403.4)	(20.4)	100.5	79.9	32.8	554.4	304.1
Non-cash Items & Reconciliation Adjustments - Cash Flow	(519.1)	4.6	(607.0)	(221.7)	(331.3)	(225.8)	(637.9)	(94.0)	717.4	(172.2)	(25.7)	(25.6)	(666.1)	456.1	215.2	84.4	67.6	(80.7)	(249.5)	(124.2)
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(141.7)	(44.9)	(106.8)	(66.0)	2.4	(66.6)	(192.7)	(54.4)	(217.2)	(97.4)	(56.4)	(30.7)	(49.4)	(14.8)	(21.7)	(1.8)	(11.6)	(29.8)	(27.3)	(0.0)
Financial Income/(Expense) - Cash Flow - to Reconcile	39.2	41.5	40.8	27.3	14.0	36.7	30.6	4.3	38.8	24.0	53.5	26.3	382.3	111.0	4.3	138.3	69.5	41.9	53.4	22.2
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	29.9	15.2	14.0	14.6	13.9	8.1	12.2	7.7	10.5	10.2	10.7	9.7	18.6	5.2	11.9	11.7	15.6	6.1	10.6	9.5
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	29.9	15.2	14.0	14.6	13.9	8.1	12.1	7.7	10.3	10.2	10.7	9.7	11.9	11.5	11.8	11.7	15.3	6.0	10.6	9.4
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	0.0	0.0	0.0	0.0	0.0	0.0	0.1	0.0	0.2	0.0	0.0	0.0	0.2	0.1	0.1	0.1	0.3	0.1	0.1	0.1
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile	—	—	—	—	—	—	—	—	—	—	—	—	6.4	(6.4)	—	—	—	—	—	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(327.3)	(67.0)	(544.1)	(221.9)	(379.2)	(284.6)	(384.8)	(48.4)	450.3	(458.1)	(52.9)	0.3	(1,719.6)	189.3	311.4	(42.6)	(584.5)	0.0	(301.5)	(54.0)
Property, Plant & Equipment including Intangible Assets - Gain/(Loss) - Cash Flow	(0.0)	0.0	—	—	0.0	0.0	0.1	—	0.0	0.0	—	—	—	—	—	—	—	—	—	—
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	(119.2)	59.7	(11.0)	24.2	17.6	80.7	(103.2)	(3.2)	434.9	349.1	18.6	(31.2)	(314.7)	(68.2)	(90.7)	212.5	453.3	0.0	(168.4)	179.5
Investment & Trading Property - Realized Gain/(Loss) - Cash Flow - to Reconcile	—	—	—	—	0.0	0.0	—	—	(0.1)	0.0	(0.6)	—	(1,261.6)	0.0	0.0	—	(584.5)	0.0	(355.5)	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	140.7	178.1	179.0	64.5	48.8	36.4	69.8	27.6	30.4	42.6	13.9	37.3	83.6	37.6	80.9	10.0	31.7	21.0	174.8	21.1
Investment Securities - Gain/(Loss) - Cash Flow	(327.3)	(67.0)	(544.1)	(221.9)	(379.2)	(284.6)	(384.8)	(48.4)	450.4	(458.1)	(52.3)	0.3	(458.1)	189.3	311.4	(42.6)	—	—	54.0	(54.0)
Interest Paid - Cash	77.0	14.2	13.6	19.3	28.5	32.0	13.4	4.3	—	95.1	19.9	37.3	229.6	120.9	203.1	75.6	41.8	48.4	29.4	21.2
Interest & Dividends - Received - Total - Cash Flow	—	—	—	—	—	—	—	—	167.6	1.1	—	—	10.2	30.5	177.3	1.7	—	—	—	0.0
Cash Flow from Operating Activities before Changes in Working Capital	(131.4)	138.6	(345.8)	(3.3)	(125.7)	84.1	(218.1)	64.5	376.0	(55.3)	94.2	(20.4)	(295.9)	(75.3)	88.1	101.0	74.1	(117.2)	100.7	137.5
Investment Property - Unrealized Gain/(Loss) - Cash Flow	—	—	—	—	0.0	0.0	—	—	0.1	0.0	0.7	—	1,016.8	233.7	0.0	(233.7)	125.3	(98.8)	183.8	(281.5)
Working Capital - Increase/(Decrease) - Cash Flow	(35.4)	1,226.7	(775.3)	1,894.6	(759.8)	1,415.3	190.3	(130.4)	(5,294.2)	4,941.2	2,421.6	(839.9)	3,855.6	(1,861.1)	1,779.6	(1,435.5)	(535.8)	(1,269.2)	(440.7)	(1,541.6)
Accounts Receivables - Decrease/(Increase) - Cash Flow	269.1	(302.2)	(307.1)	824.6	(266.4)	(130.2)	(98.9)	145.1	(1,599.7)	407.1	1,088.6	(921.0)	248.1	74.8	110.9	(354.6)	106.8	(65.9)	(45.6)	(97.8)
Other Assets - Decrease/(Increase) - Cash Flow	(1,694.2)	2,207.1	(387.0)	(888.4)	108.5	2,002.0	(1,738.9)	58.9	(1,536.5)	956.9	563.7	(202.1)	4,083.3	(1,730.9)	1,065.6	(1,019.5)	(983.1)	(791.8)	(372.7)	(819.6)
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	1,389.7	(678.2)	(81.3)	1,958.4	(601.9)	(456.4)	2,028.1	(334.5)	(2,158.0)	3,577.2	769.3	283.3	(475.8)	(205.0)	603.1	(61.4)	56.3	(131.2)	(18.7)	(624.1)
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	284.2	(280.3)	(3.9)	—
Net Cash Flow from Operating Activities	(166.8)	1,365.3	(1,121.2)	1,891.3	(885.5)	1,499.4	(27.8)	(65.9)	(4,918.2)	4,885.9	2,515.8	(860.3)	3,559.7	(1,936.4)	1,867.7	(1,334.5)	(461.7)	(1,386.4)	(340.1)	(1,404.1)
Capital Expenditures - Net - Cash Flow	13.7	25.3	10.0	27.8	48.2	2.8	2.0	2.5	1.5	2.3	9.7	(6.7)	0.4	0.1	0.1	0.5	4.4	1.1	16.5	5.9
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	13.7	25.3	10.0	27.8	48.2	2.8	2.0	2.5	1.5	2.3	9.7	(6.7)	0.4	0.1	0.1	0.5	4.4	1.1	16.5	5.9
Property, Plant & Equipment - Purchased - Cash Flow	13.7	26.4	10.0	27.8	48.2	3.8	2.0	2.5	2.3	2.3	9.7	0.8	0.4	0.1	0.1	0.5	4.4	1.1	16.5	5.9
Property, Plant & Equipment Sold - Cash Flow	—	1.2	—	—	—	1.0	—	0.0	0.8	—	—	7.5	—	—	—	—	—	—	—	—
Capital Expenditures - Total	13.7	26.4	10.0	27.8	48.2	3.8	2.0	2.5	2.3	2.3	9.7	0.8	0.4	0.1	0.1	0.5	4.4	1.1	16.5	5.9
Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow	—	—	—	—	—	—	—	—	0.0	—	—	—	(0.9)	50.0	—	—	0.0	—	—	—
Investments excluding Loans - Decrease/(Increase) - Cash Flow	13.3	(14.6)	(0.0)	—	5.0	(5.0)	—	0.0	697.5	(697.5)	7.4	0.1	(1,698.3)	1,258.5	(5.9)	(25.7)	(96.3)	19.0	1,400.0	0.0
Investment Property excluded from Capital Expenditures - Sold/(Purchased) - Net - Cash Flow	—	—	—	—	5.0	(5.0)	—	0.0	697.5	(697.5)	7.4	0.1	(1,420.3)	1,258.5	(5.9)	(25.7)	(96.3)	19.0	1,400.0	0.0
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	13.3	(14.6)	(0.0)	—	—	—	—	—	0.0	—	—	—	(278.0)	—	—	—	0.0	—	—	—
Investment Securities - Sold/Matured - Unclassified - Cash Flow	14.2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	0.9	14.6	0.0	—	—	—	—	—	0.0	—	—	—	278.0	—	—	—	0.0	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	142.5	272.8	109.1	51.3	(361.2)	631.2	(90.5)	43.5	115.8	0.0	76.6	2.3	(596.7)	2.9	8.2	0.0	276.5	9.1	(7.9)	(0.5)
Net Cash Flow from Investing Activities	142.1	232.9	99.1	23.5	(404.4)	623.4	(92.5)	41.0	811.8	(699.8)	74.2	9.2	(2,296.3)	1,311.4	2.2	(26.2)	175.8	27.0	1,375.6	(6.4)
Dividends Paid - Cash - Total - Cash Flow	—	0.0	649.6	—	0.4	0.0	325.1	—	0.5	0.0	162.6	—	0.1	0.4	389.3	—	0.1	0.0	589.7	—
Dividends - Common - Cash Paid	—	0.0	649.6	—	0.4	0.0	325.1	—	0.5	0.0	162.6	—	0.1	0.4	389.3	—	0.1	0.0	589.7	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(5.5)	(815.6)	194.8	591.0	2.5	(2,841.3)	2,829.4	(13.7)	8.9	(9.1)	(11.2)	(4.1)	(799.2)	(1.6)	(14.2)	(0.3)	781.9	(1.0)	(11.6)	(6.8)
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	—	(800.0)	200.0	600.0	—	(2,835.0)	2,835.0	—	—	—	—	—	(800.0)	—	—	—	800.0	—	—	—
Debt - Issued - Short-Term - Cash Flow	—	0.0	2,500.0	600.0	—	—	2,835.0	—	—	—	—	—	3,162.7	—	—	—	2,430.0	—	—	—
Debt - Reduced - Short-Term - Cash Flow	—	800.0	2,300.0	—	—	2,835.0	—	—	—	—	—	—	3,962.7	—	—	—	1,630.0	—	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	(5.5)	(15.6)	(5.2)	(9.0)	2.5	(6.3)	(5.6)	(13.7)	8.9	(9.1)	(11.2)	(4.1)	0.8	(1.6)	(14.2)	(0.3)	(18.1)	(1.0)	(11.6)	(6.8)
Lease liabilities - Issued/(Reduced) - Cash Flow	(5.5)	(15.6)	(5.2)	(9.0)	2.5	(6.3)	(5.6)	(13.7)	8.9	(9.1)	(11.2)	(4.1)	0.8	(1.6)	(14.2)	(0.3)	(18.1)	(1.0)	(11.6)	(6.8)
Debt - Reduced - Long-Term - Cash Flow	5.5	15.6	5.2	9.0	—	6.3	5.6	13.7	—	9.1	11.2	4.1	—	1.6	14.2	0.3	18.1	1.0	11.6	6.8
Lease liabilities - Reduced - Cash flow represents cash outflow due to the repayment of lease liability/debt of the company. It includes finance leases, capitalized lease, and hire-purchase agreement. Applicable to all industries. If Lease liability issue	5.5	15.6	5.2	9.0	—	6.3	5.6	13.7	—	9.1	11.2	4.1	—	1.6	14.2	0.3	18.1	1.0	11.6	6.8
Other Financing Cash Flow - Increase/(Decrease)	(1.1)	—	0.0	(0.0)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Financing Activities	(6.6)	(815.6)	(454.8)	591.0	2.0	(2,841.3)	2,504.2	(13.7)	8.4	(9.1)	(173.8)	(4.1)	(799.2)	(1.9)	(403.5)	(0.3)	781.8	(1.0)	(601.3)	(6.8)
Net Change in Cash - Total	(31.4)	782.6	(1,476.8)	2,505.7	(1,287.9)	(718.5)	2,383.9	(38.6)	(4,098.0)	4,177.0	2,416.2	(855.2)	464.2	(627.0)	1,466.4	(1,361.0)	495.9	(1,360.4)	434.3	(1,417.3)
Net Cash from Continuing Operations	(31.4)	782.6	(1,476.8)	2,505.7	(1,287.9)	(718.5)	2,383.9	(38.6)	(4,098.0)	4,177.0	2,416.2	(855.2)	464.2	(627.0)	1,466.4	(1,361.0)	495.9	(1,360.4)	434.3	(1,417.3)
Net Cash - Beginning Balance	4,700.4	3,917.8	5,394.6	2,888.9	4,176.7	4,895.2	2,511.3	2,549.9	6,647.9	961.1	(1,469.9)	(614.7)	(1,078.8)	(1,251.9)	(2,698.8)	(1,337.8)	(1,033.7)	326.7	(107.6)	1,309.7
Net Cash - Ending Balance	4,669.1	4,700.4	3,917.8	5,394.6	2,888.9	4,176.7	4,895.2	2,511.3	2,549.9	5,138.1	946.3	(1,469.9)	(614.7)	(1,878.8)	(1,232.4)	(2,698.8)	(537.8)	(1,033.7)	326.7	(107.6)
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	140.7	178.1	179.0	64.5	48.8	36.4	69.8	27.6	30.4	42.6	13.9	37.3	83.6	37.6	80.9	10.0	31.7	21.0	174.8	21.1
Interest Paid - Cash Flow - Supplemental	77.0	14.2	13.6	19.3	28.5	32.0	13.4	4.3	—	95.1	19.9	37.3	229.6	120.9	203.1	75.6	41.8	48.4	29.4	21.2
Interest & Dividends - Received - Cash Flow - Supplemental	—	—	—	—	—	—	—	—	167.6	1.1	—	—	10.2	30.5	177.3	1.7	—	—	—	0.0
CF from Optg Activities before Change in WC & Int Payments	(54.4)	152.7	(332.2)	16.0	(97.2)	116.0	(204.7)	68.9	376.0	39.8	114.0	16.9	(66.3)	45.5	291.2	176.5	115.8	(68.8)	130.1	158.7
Depreciation, Depletion & Amortization - Cash Flow	29.9	15.2	14.0	14.6	13.9	8.1	12.2	7.7	10.5	10.2	10.7	9.7	12.1	11.6	11.9	11.7	15.6	6.1	10.6	9.5
Free Cash Flow to Equity	(186.0)	524.5	(936.3)	2,454.5	(931.3)	(1,344.7)	2,799.5	(82.1)	(4,910.8)	4,874.5	2,494.8	(857.7)	2,760.1	(1,938.0)	1,853.4	(1,335.3)	315.8	(1,388.5)	(368.2)	(1,416.8)
Free Cash Flow Net of Dividends	(180.5)	1,338.9	(1,780.7)	1,863.5	(934.1)	1,495.6	(354.9)	(68.4)	(4,921.0)	4,883.6	2,343.4	(861.1)	3,559.2	(1,936.9)	1,478.3	(1,335.0)	(466.3)	(1,387.5)	(946.2)	(1,410.0)
Free Cash Flow	(180.5)	1,338.9	(1,131.1)	1,863.5	(933.7)	1,495.6	(29.8)	(68.4)	(4,920.5)	4,883.6	2,506.1	(861.1)	3,559.3	(1,936.5)	1,867.6	(1,335.0)	(466.2)	(1,387.5)	(356.6)	(1,410.0)

Every line the company reported, in the original order and wording, without regrouping or signs changed.