BAFS Baba Farid Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 430.21 0.00%
Annual · FY2006 – FY2025
Baba Farid Sugar Mills Limited (BAFS) cash flow statement
Operating activities generated Rs 2.7 bn of cash in FY2025 (Oct 2024 – Sep 2025), 277% of the starting profit. Capital expenditure was Rs 62.9 mn, leaving free cash flow of Rs 2.7 bn. Overall, cash increased by Rs 373.5 mn.
| Rs mn | FY2025 Oct 2024 – Sep 2025 | FY2024 * Oct 2023 – Sep 2024 | FY2023 Oct 2022 – Sep 2023 | FY2022 Oct 2021 – Sep 2022 | FY2021 Oct 2020 – Sep 2021 | FY2020 * Oct 2019 – Sep 2020 | FY2019 * Oct 2018 – Sep 2019 | FY2018 * Oct 2017 – Sep 2018 | FY2017 Oct 2016 – Sep 2017 | FY2016 * Oct 2015 – Sep 2016 | FY2015 Oct 2014 – Sep 2015 | FY2014 Oct 2013 – Sep 2014 | FY2013 Oct 2012 – Sep 2013 | FY2012 Oct 2011 – Sep 2012 | FY2011 Oct 2010 – Sep 2011 | FY2010 * Oct 2009 – Sep 2010 | FY2009 Oct 2008 – Sep 2009 | FY2008 * Oct 2007 – Sep 2008 | FY2007 Oct 2006 – Sep 2007 | FY2006 Oct 2005 – Sep 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 982.7 | (550.3) | 92.6 | (167.7) | 166.4 | (276.9) | (627.6) | (378.3) | 24.0 | 3.2 | (204.9) | 2.8 | (135.5) | (222.9) | (191.8) | (305.6) | (129.5) | (26.2) | (139.1) | (20.7) |
| Depreciation & amortisation | 109.1 | 112.2 | 114.1 | 104.7 | 93.3 | 93.8 | 75.7 | 75.4 | 79.6 | 70.4 | 70.6 | 68.0 | 62.7 | 64.0 | 49.7 | 52.9 | 53.0 | 13.1 | 12.2 | 11.4 |
| Net cash from operating activities | 2,720.0 | (1,977.1) | 155.9 | (727.7) | 59.6 | (219.8) | (398.2) | 193.5 | (155.4) | (183.3) | 299.1 | (627.3) | 413.8 | (219.6) | (109.5) | (444.1) | 44.9 | 431.2 | (256.3) | 207.5 |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | (62.9) | (48.7) | (58.1) | (293.6) | (195.7) | (99.8) | (53.8) | (53.1) | (122.0) | (28.8) | (25.8) | (15.8) | (116.1) | (45.1) | (21.7) | (0.6) | (20.4) | (13.6) | (31.7) | (17.0) |
| Net cash from investing activities | (62.4) | (48.4) | (39.0) | (91.3) | (292.5) | (99.9) | (53.8) | (53.1) | (122.0) | (28.8) | (25.8) | (15.8) | (116.1) | (45.1) | (21.7) | 12.5 | (13.4) | 35.8 | (30.3) | (12.6) |
| Financing activities | ||||||||||||||||||||
| Borrowings raised / (repaid) | (2,224.2) | 2,022.4 | (525.6) | 1,017.6 | (96.5) | 649.8 | 502.1 | (75.8) | 289.2 | 357.2 | 5.0 | 329.2 | (33.8) | (210.0) | 130.2 | 425.8 | (53.0) | (508.9) | 279.1 | (166.5) |
| Net cash from financing activities | (2,284.2) | 1,992.4 | (225.6) | 1,017.6 | (96.5) | 649.8 | 502.1 | (75.8) | 289.2 | 357.2 | 5.0 | 329.2 | (33.8) | (210.0) | 130.2 | 425.8 | (53.0) | (508.9) | 279.1 | (166.5) |
| Net change in cash | 373.5 | (33.0) | (108.7) | 198.6 | (329.5) | 330.1 | 50.1 | 64.6 | 11.7 | 145.1 | 278.3 | (313.8) | 264.0 | (474.7) | (1.1) | (5.8) | (21.5) | (42.0) | (7.6) | 28.4 |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | 2,657.1 | (2,025.8) | 97.8 | (1,021.3) | (136.1) | (319.5) | (451.9) | 140.4 | (277.5) | (212.1) | 273.3 | (643.1) | 297.8 | (264.7) | (131.2) | (444.6) | 24.6 | 417.5 | (288.0) | 190.5 |
| Rs mn | FY2025 Oct 2024 – Sep 2025 | FY2024 * Oct 2023 – Sep 2024 | FY2023 Oct 2022 – Sep 2023 | FY2022 Oct 2021 – Sep 2022 | FY2021 Oct 2020 – Sep 2021 | FY2020 * Oct 2019 – Sep 2020 | FY2019 * Oct 2018 – Sep 2019 | FY2018 * Oct 2017 – Sep 2018 | FY2017 Oct 2016 – Sep 2017 | FY2016 * Oct 2015 – Sep 2016 | FY2015 Oct 2014 – Sep 2015 | FY2014 Oct 2013 – Sep 2014 | FY2013 Oct 2012 – Sep 2013 | FY2012 Oct 2011 – Sep 2012 | FY2011 Oct 2010 – Sep 2011 | FY2010 * Oct 2009 – Sep 2010 | FY2009 Oct 2008 – Sep 2009 | FY2008 * Oct 2007 – Sep 2008 | FY2007 Oct 2006 – Sep 2007 | FY2006 Oct 2005 – Sep 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | -694.3% | — | -200.7% | — | — | — | -1,679.0% | +640.0% | — | -7,301.9% | — | — | — | — | — | — | — | — | — |
| Depreciation & amortisation | -2.8% | -1.6% | +8.9% | +12.2% | -0.5% | +23.8% | +0.4% | -5.3% | +13.1% | -0.3% | +3.8% | +8.6% | -2.0% | +28.7% | -6.0% | -0.3% | +304.2% | +7.4% | +6.7% | — |
| Net cash from operating activities | — | -1,368.2% | — | -1,321.2% | — | — | -305.8% | — | — | -161.3% | — | -251.6% | — | — | — | -1,088.2% | -89.6% | — | -223.5% | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +29.1% | -16.1% | -80.2% | +50.0% | +96.1% | +85.5% | +1.4% | -56.5% | +323.1% | +11.9% | +63.6% | -86.4% | +157.3% | +107.6% | +3,608.8% | -97.1% | +49.5% | -57.0% | +85.9% | — |
| Net cash from investing activities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -274.2% | — | -137.4% | — | — | — |
| Financing activities | ||||||||||||||||||||
| Borrowings raised / (repaid) | -210.0% | — | -151.6% | — | -114.9% | +29.4% | — | -126.2% | -19.0% | +7,040.1% | -98.5% | — | — | -261.3% | -69.4% | — | — | -282.4% | — | — |
| Net cash from financing activities | -214.6% | — | -122.2% | — | -114.9% | +29.4% | — | -126.2% | -19.0% | +7,040.1% | -98.5% | — | — | -261.3% | -69.4% | — | — | -282.4% | — | — |
| Net change in cash | — | — | -154.7% | — | -199.8% | +558.3% | -22.4% | +451.6% | -91.9% | -47.9% | — | -218.9% | — | — | — | — | — | — | -126.7% | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | -2,170.9% | — | — | — | — | -421.8% | — | — | -177.6% | — | -316.0% | — | — | — | -1,909.0% | -94.1% | — | -251.2% | — |
Change against the previous fiscal year; shown when the earlier figure is positive.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.
All reported line items 49
| Rs mn | FY2025 Oct 2024 – Sep 2025 | FY2024 Oct 2023 – Sep 2024 | FY2023 Oct 2022 – Sep 2023 | FY2022 Oct 2021 – Sep 2022 | FY2021 Oct 2020 – Sep 2021 | FY2020 Oct 2019 – Sep 2020 | FY2019 Oct 2018 – Sep 2019 | FY2018 Oct 2017 – Sep 2018 | FY2017 Oct 2016 – Sep 2017 | FY2016 Oct 2015 – Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 982.7 | (550.3) | 92.6 | (167.7) | 166.4 | (276.9) | (627.6) | (378.3) | 24.0 | 3.2 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 571.9 | 874.1 | 443.5 | 184.6 | 106.6 | 343.3 | 331.2 | 246.4 | 209.1 | 197.0 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 32.4 | 4.4 | (12.6) | (125.2) | (98.8) | 56.3 | 82.9 | 1.2 | 1.9 | 0.6 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 430.4 | 757.5 | 350.4 | 204.8 | 115.3 | 193.2 | 176.2 | 169.8 | 127.6 | 126.0 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 109.1 | 112.2 | 114.1 | 104.7 | 93.3 | 93.8 | 75.7 | 75.4 | 79.6 | 70.4 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 109.1 | 112.2 | 114.1 | 104.7 | 93.3 | 93.8 | 75.7 | 75.4 | 79.6 | 70.4 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | 0.0 | (0.1) | (8.4) | 0.3 | (3.2) | 0.0 | (3.6) | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 159.7 | 109.4 | 51.7 | 82.4 | 55.1 | 24.2 | 1.8 | 1.4 | 10.0 | 10.7 |
| Interest Paid - Cash | 567.3 | 646.6 | 343.5 | 155.1 | 53.4 | 94.0 | 243.7 | 66.2 | 97.6 | 168.3 |
| Cash Flow from Operating Activities before Changes in Working Capital | 827.7 | (432.3) | 140.8 | (220.5) | 164.5 | (51.9) | (541.9) | (199.5) | 125.4 | 21.3 |
| Working Capital - Increase/(Decrease) - Cash Flow | 1,892.4 | (1,544.8) | 15.1 | (507.2) | (104.9) | (167.9) | 143.8 | 393.0 | (280.8) | (204.5) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 27.6 | (130.4) | (121.3) | (44.8) | (64.7) | (58.2) | 110.6 | (0.0) | (36.6) | (80.9) |
| Inventories - Decrease/(Increase) - Cash Flow | 1,820.2 | (1,233.8) | (238.9) | (545.8) | 202.8 | (286.1) | 30.7 | 475.0 | (143.6) | (136.2) |
| Other Assets - Decrease/(Increase) - Cash Flow | (0.4) | 1.8 | (0.9) | 0.0 | 1.4 | (2.5) | (0.6) | 0.0 | 20.6 | 0.0 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 151.0 | (182.5) | 376.2 | 83.4 | (244.4) | 178.9 | 3.0 | (82.0) | (121.3) | 12.6 |
| Operating Lease Liabilities - Increase/(Decrease) - Cash Flow | (0.2) | — | — | — | — | — | — | — | — | — |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | (105.9) | — | — | — | — | — | — | — | — | — |
| Net Cash Flow from Operating Activities | 2,720.0 | (1,977.1) | 155.9 | (727.7) | 59.6 | (219.8) | (398.2) | 193.5 | (155.4) | (183.3) |
| Capital Expenditures - Net - Cash Flow | 62.9 | 48.0 | 40.4 | 190.8 | 191.4 | 99.8 | 53.8 | 53.1 | 122.0 | 28.8 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 62.9 | 48.0 | 40.4 | 190.8 | 191.4 | 99.8 | 53.8 | 53.1 | 122.0 | 28.8 |
| Property, Plant & Equipment - Purchased - Cash Flow | 62.9 | 48.7 | 58.1 | 293.6 | 195.7 | 99.8 | 53.8 | 53.1 | 122.0 | 28.8 |
| Property, Plant & Equipment Sold - Cash Flow | 0.0 | 0.7 | 17.7 | 102.8 | 4.3 | — | — | — | — | — |
| Capital Expenditures - Total | 62.9 | 48.7 | 58.1 | 293.6 | 195.7 | 99.8 | 53.8 | 53.1 | 122.0 | 28.8 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 0.3 | (0.3) | 0.0 | 100.0 | (100.0) | — | — | — | — | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 0.3 | (0.3) | 0.0 | 100.0 | (100.0) | — | — | — | — | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | — | — | — | 100.0 | — | — | — | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | 0.2 | (0.1) | 1.3 | (0.5) | (1.2) | (0.2) | — | — | — | — |
| Net Cash Flow from Investing Activities | (62.4) | (48.4) | (39.0) | (91.3) | (292.5) | (99.9) | (53.8) | (53.1) | (122.0) | (28.8) |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (2,224.2) | 2,022.4 | (525.6) | 1,017.6 | (96.5) | 649.8 | 502.1 | (75.8) | 289.2 | 357.2 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (1,954.3) | 1,959.1 | (340.0) | 419.7 | (84.7) | 105.0 | — | — | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (269.9) | 63.4 | (185.6) | 597.9 | (11.8) | 544.8 | 502.1 | (75.8) | 289.2 | 357.2 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (5.4) | (3.4) | (10.7) | (4.3) | (2.4) | (0.2) | — | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | — | 73.3 | 0.0 | 1,202.2 | 320.0 | 771.2 | 2,177.5 | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 269.9 | 10.0 | 185.6 | 604.3 | 331.8 | 226.4 | 1,675.4 | — | — | — |
| 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 | 5.4 | 3.4 | 10.7 | 4.3 | 2.4 | 0.2 | — | — | — | — |
| Other Financing Cash Flow - Increase/(Decrease) | (60.0) | (30.0) | 300.0 | — | — | — | — | — | — | — |
| Net Cash Flow from Financing Activities | (2,284.2) | 1,992.4 | (225.6) | 1,017.6 | (96.5) | 649.8 | 502.1 | (75.8) | 289.2 | 357.2 |
| Net Change in Cash - Total | 373.5 | (33.0) | (108.7) | 198.6 | (329.5) | 330.1 | 50.1 | 64.6 | 11.7 | 145.1 |
| Net Cash from Continuing Operations | 373.5 | (33.0) | (108.7) | 198.6 | (329.5) | 330.1 | 50.1 | 64.6 | 11.7 | 145.1 |
| Net Cash - Beginning Balance | 83.8 | 116.8 | 225.5 | 26.9 | 356.4 | 26.4 | (23.8) | (88.4) | (100.1) | (245.2) |
| Net Cash - Ending Balance | 457.3 | 83.8 | 116.8 | 225.5 | 26.9 | 356.4 | 26.4 | (23.8) | (88.4) | (100.1) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 159.7 | 109.4 | 51.7 | 82.4 | 55.1 | 24.2 | 1.8 | 1.4 | 10.0 | 10.7 |
| Interest Paid - Cash Flow - Supplemental | 567.3 | 646.6 | 343.5 | 155.1 | 53.4 | 94.0 | 243.7 | 66.2 | 97.6 | 168.3 |
| CF from Optg Activities before Change in WC & Int Payments | 1,395.0 | 214.4 | 484.3 | (65.4) | 217.9 | 42.1 | (298.3) | (133.3) | 223.0 | 189.6 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | (105.9) | — | — | — | — | — | — | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 109.1 | 112.2 | 114.1 | 104.7 | 93.3 | 93.8 | 75.7 | 75.4 | 79.6 | 70.4 |
| Free Cash Flow to Equity | 432.9 | (2.6) | (410.1) | 99.1 | (228.3) | 330.2 | 50.1 | 64.6 | 11.7 | 145.1 |
| Free Cash Flow Net of Dividends | 2,657.1 | (2,025.8) | 97.8 | (1,021.3) | (136.1) | (319.5) | (451.9) | 140.4 | (277.5) | (212.1) |
| Free Cash Flow | 2,657.1 | (2,025.8) | 97.8 | (1,021.3) | (136.1) | (319.5) | (451.9) | 140.4 | (277.5) | (212.1) |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.