Cherat Packaging Limited (CPPL) quarterly cash flow statement

Operating activities generated -Rs 52.1 mn of cash in Q4 FY2026 (Apr – Jun 2026), down 113.0% on Q4 FY2025, -6% of the starting profit. Capital expenditure was Rs 166.5 mn, leaving free cash flow of -Rs 218.5 mn. Dividends paid to shareholders came to Rs 10,000. Overall, cash increased by Rs 68.2 mn.

CPPL 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
Operating activities
Profit (cash-flow starting line, as reported)	1,088.1	874.6	45.4	143.3	24.8	(72.0)	112.8	267.8	115.3	(13.5)	725.1	113.3	218.9	663.5	720.7	43.5	240.6	374.8	245.6	398.1	377.0
Depreciation & amortisation	357.9	96.2	89.9	76.7	95.0	97.5	88.8	88.4	86.8	92.0	90.0	86.6	86.3	99.3	98.9	98.1	95.3	100.5	93.0	82.6	79.7
Net cash from operating activities	(453.9)	(52.1)	489.1	(851.6)	(39.3)	401.2	(152.6)	(18.6)	121.2	251.8	1,159.9	1,234.6	241.5	1,897.0	2,040.1	(1,149.8)	(1,297.7)	(496.3)	345.6	(388.7)	350.8
Investing activities
Capital expenditure	(1,761.0)	(166.5)	(1,130.8)	(314.9)	(148.8)	(282.5)	(551.0)	(111.7)	(68.0)	(117.6)	(858.4)	(37.2)	(82.0)	(2.7)	(990.2)	(126.2)	(243.6)	(19.0)	(37.4)	(730.7)	(113.4)
Net cash from investing activities	(1,744.9)	(165.0)	(1,129.4)	(302.0)	(148.4)	(281.7)	(548.2)	206.2	(66.9)	(114.1)	466.0	(12.5)	(26.5)	108.7	(973.5)	(123.6)	(242.7)	(17.7)	(27.9)	(729.6)	(113.2)
Financing activities
Dividends paid	(146.3)	(0.0)	(48.9)	(97.3)	0.0	(42.2)	(7.0)	(171.2)	(0.0)	(0.8)	(48.7)	(97.9)	—	(46.6)	(0.3)	(63.9)	0.0	(1.1)	(42.1)	(168.3)	(0.7)
Borrowings raised / (repaid)	1,253.4	285.3	815.5	320.2	(167.6)	137.9	179.7	(151.1)	(114.6)	(96.0)	152.7	(168.0)	(223.0)	186.9	323.3	(1,707.9)	1,541.6	(804.5)	(1,006.0)	1,288.3	(234.4)
Net cash from financing activities	1,107.1	285.3	766.5	222.8	(167.6)	95.7	172.7	(322.3)	(114.6)	(96.8)	104.0	(265.9)	(223.0)	140.3	323.0	(1,771.8)	1,541.6	(805.6)	(1,048.1)	1,120.0	(235.1)
Net change in cash	(1,091.6)	68.2	126.2	(930.7)	(355.3)	215.1	(528.1)	(134.7)	(60.3)	40.9	1,729.9	956.2	(8.1)	2,146.0	1,389.5	(3,045.2)	1.3	(1,319.5)	(730.3)	1.7	2.5
Key figures
Free cash flow (operating cash flow − capex)	(2,214.8)	(218.5)	(641.7)	(1,166.5)	(188.1)	118.7	(703.6)	(130.3)	53.2	134.3	301.5	1,197.4	159.5	1,894.3	1,049.9	(1,276.0)	(1,541.3)	(515.3)	308.2	(1,119.4)	237.4

CPPL 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
Operating activities
Profit (cash-flow starting line, as reported)	—	-59.8%	-46.5%	-78.5%	—	-84.4%	+136.2%	-47.3%	-102.0%	+0.6%	+160.5%	-9.0%	+77.0%	+193.5%	-89.1%	-36.2%	-5.8%	-19.5%	+31.3%	+96.4%
Depreciation & amortisation	-1.3%	+1.3%	-13.2%	+9.4%	+6.0%	-1.4%	+2.0%	+0.6%	-7.3%	-9.0%	-11.8%	-9.4%	-1.2%	+6.5%	+18.8%	+19.5%	+18.8%	+10.1%	-2.4%	-1.2%
Net cash from operating activities	-113.0%	—	—	-132.4%	+59.3%	-113.2%	-101.5%	-49.8%	-86.7%	-43.1%	—	—	—	+490.3%	—	-469.9%	-2,742.6%	—	-153.2%	+12.7%
Investing activities
Capital expenditure	-41.1%	+105.2%	+182.0%	+118.9%	+140.3%	-35.8%	+200.4%	-17.1%	+4,202.5%	-13.3%	-70.5%	-66.3%	-85.6%	+2,548.2%	-82.7%	+114.8%	-83.7%	-6.3%	+1,405.4%	+108.0%
Net cash from investing activities	—	—	-246.4%	—	—	-217.6%	—	—	-205.0%	—	—	—	—	—	—	—	—	—	—	—
Financing activities
Dividends paid	-100.0%	+596.6%	-43.2%	-100.0%	+5,007.4%	-85.6%	+74.9%	—	-98.2%	+13,945.8%	+53.2%	—	+4,135.0%	-99.2%	-62.0%	-100.0%	+15,628.6%	+1.0%	+296.1%	+41.5%
Borrowings raised / (repaid)	+107.0%	+353.7%	—	—	—	+17.7%	—	—	-151.4%	-52.8%	—	-114.5%	—	—	-232.6%	—	-205.1%	-966.9%	—	—
Net cash from financing activities	+198.2%	+343.8%	—	—	—	+66.1%	—	—	-169.0%	-67.8%	—	-114.5%	—	—	-258.2%	—	-205.2%	-1,508.9%	—	—
Net change in cash	-68.3%	—	—	—	+425.9%	-130.5%	-114.1%	—	-98.1%	+24.5%	—	-729.4%	—	—	-176,838.2%	-48.3%	-295.3%	-8,131.7%	+938.0%	-70.7%
Key figures
Free cash flow (operating cash flow − capex)	-284.2%	—	—	-453.6%	-11.6%	-333.4%	-110.9%	-66.6%	-92.9%	-71.3%	—	—	—	+240.7%	—	-749.3%	—	—	-264.1%	-7.5%

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 50

CPPL 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	874.6	45.4	143.3	24.8	(72.0)	112.8	267.8	115.3	(13.5)	725.1	113.3	218.9	663.5	720.7	43.5	240.6	374.8	245.6	398.1	377.0
Non-cash Items & Reconciliation Adjustments - Cash Flow	11.5	171.9	136.3	169.0	180.7	183.9	(16.7)	198.0	239.6	(524.1)	310.0	330.7	374.5	423.5	387.8	338.2	240.8	238.1	179.3	165.2
Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile	0.1	0.0	2.8	—	10.8	—	—	—	0.5	—	—	—	(0.2)	—	—	—	(0.0)	—	—	—
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(187.4)	(10.8)	(9.8)	(7.3)	(16.7)	(1.0)	(7.1)	(7.3)	118.0	(7.2)	(7.3)	(7.3)	(3.5)	(15.8)	(7.1)	(7.1)	(9.8)	2.5	1.1	(6.9)
Financial Income/(Expense) - Cash Flow - to Reconcile	108.0	93.0	72.9	80.8	89.4	96.2	129.3	118.5	124.0	155.8	236.3	297.8	278.9	351.2	297.3	250.5	150.6	139.5	96.1	92.5
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	96.2	89.9	76.7	95.0	97.5	88.8	88.4	86.8	92.0	90.0	86.6	86.3	99.3	98.9	98.1	95.3	100.5	93.0	82.6	79.7
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	95.8	89.6	76.3	94.7	97.1	88.4	88.0	86.5	91.6	89.7	86.3	86.1	99.0	98.8	98.0	95.1	100.3	92.7	82.4	79.5
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.2	0.2
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(5.4)	(0.3)	(6.2)	0.4	(0.3)	(0.0)	(227.2)	0.0	(94.9)	(762.7)	(5.5)	(46.1)	(0.0)	(10.9)	(0.6)	(0.4)	(0.4)	3.2	(0.5)	(0.1)
Income Taxes - Paid/(Reimbursed) - Cash Flow	297.0	37.3	49.5	42.3	76.3	88.9	87.4	108.1	48.4	44.7	60.3	59.9	56.8	31.2	95.3	50.1	86.3	78.7	63.0	76.7
Interest Paid - Cash	116.5	132.8	57.3	126.8	58.7	181.5	80.5	173.0	139.4	256.5	352.6	341.9	337.4	343.7	202.7	206.5	131.0	129.7	71.3	105.9
Interest & Dividends - Received - Total - Cash Flow	0.0	8.0	21.3	—	0.0	8.0	21.3	—	0.0	8.0	16.0	—	8.0	0.0	16.0	—	0.0	0.0	6.7	—
Cash Flow from Operating Activities before Changes in Working Capital	472.6	55.3	194.2	24.6	(26.3)	34.2	104.5	32.2	38.3	(92.3)	26.4	147.8	651.8	769.3	149.3	322.2	398.3	275.2	449.7	359.5
Working Capital - Increase/(Decrease) - Cash Flow	(524.7)	433.8	(1,045.8)	(63.9)	427.5	(186.9)	(123.1)	88.9	213.5	1,252.2	1,208.2	93.7	1,245.2	1,270.8	(1,299.1)	(1,619.8)	(894.7)	70.4	(838.4)	(8.8)
Accounts Receivables - Decrease/(Increase) - Cash Flow	815.7	186.2	(741.4)	(232.2)	503.9	(438.3)	(350.5)	87.7	90.6	131.9	88.4	158.5	98.8	1,113.9	(487.1)	(269.1)	(204.7)	(37.2)	(477.8)	38.2
Inventories - Decrease/(Increase) - Cash Flow	(1,799.0)	298.0	117.6	(275.6)	144.2	(530.0)	146.8	51.8	125.4	803.1	1,130.6	365.5	726.5	664.3	(751.4)	(1,556.7)	(851.9)	(53.0)	(69.9)	(625.3)
Prepaid Expenses - Decrease/(Increase) - Cash Flow	29.5	1.2	(7.3)	(34.9)	25.3	5.3	4.8	(30.3)	11.0	3.5	35.0	40.6	165.0	(195.1)	(1.3)	(40.5)	4.2	36.2	8.4	(43.9)
Other Assets - Decrease/(Increase) - Cash Flow	—	—	—	—	—	0.0	0.0	0.0	2.7	(2.7)	0.0	124.0	(84.0)	0.0	(40.0)	—	—	—	—	—
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	429.0	(51.6)	(414.7)	478.9	(246.0)	776.1	75.9	(20.2)	(16.1)	316.4	(45.9)	(594.8)	338.8	(312.3)	(19.4)	246.5	157.7	124.3	(299.1)	622.3
Net Cash Flow from Operating Activities	(52.1)	489.1	(851.6)	(39.3)	401.2	(152.6)	(18.6)	121.2	251.8	1,159.9	1,234.6	241.5	1,897.0	2,040.1	(1,149.8)	(1,297.7)	(496.3)	345.6	(388.7)	350.8
Capital Expenditures - Net - Cash Flow	152.0	1,129.4	302.0	148.4	281.7	548.2	(206.2)	66.9	114.1	(466.0)	12.5	26.5	(108.7)	973.5	123.6	242.7	17.7	27.9	729.6	113.2
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	152.0	1,129.4	302.0	148.4	281.7	548.2	(206.2)	66.9	111.4	(467.8)	12.5	26.5	(111.4)	973.5	123.6	242.7	16.9	27.9	729.6	113.2
Property, Plant & Equipment - Purchased - Cash Flow	166.5	1,130.8	314.9	148.8	282.5	551.0	111.7	68.0	114.9	856.5	37.2	82.0	—	990.2	126.2	243.6	18.2	37.4	730.7	113.4
Property, Plant & Equipment Sold - Cash Flow	14.5	1.4	12.9	0.4	0.8	2.8	317.9	1.0	3.5	1,324.4	24.7	55.5	111.4	16.7	2.6	1.0	1.3	9.5	1.1	0.2
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	—	—	—	—	—	—	—	—	2.7	1.9	—	—	2.7	—	—	—	0.8	—	—	—
Intangible Assets - Purchased/Acquired - Cash Flow	—	—	—	—	—	—	—	—	2.7	1.9	—	—	2.7	—	—	—	0.8	—	—	—
Capital Expenditures - Total	166.5	1,130.8	314.9	148.8	282.5	551.0	111.7	68.0	117.6	858.4	37.2	82.0	2.7	990.2	126.2	243.6	19.0	37.4	730.7	113.4
Investments excluding Loans - Decrease/(Increase) - Cash Flow	(13.0)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	(13.0)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Investing Activities	(165.0)	(1,129.4)	(302.0)	(148.4)	(281.7)	(548.2)	206.2	(66.9)	(114.1)	466.0	(12.5)	(26.5)	108.7	(973.5)	(123.6)	(242.7)	(17.7)	(27.9)	(729.6)	(113.2)
Dividends Paid - Cash - Total - Cash Flow	0.0	48.9	97.3	0.0	42.2	7.0	171.2	0.0	0.8	48.7	97.9	—	46.6	0.3	63.9	0.0	1.1	42.1	168.3	0.7
Dividends - Common - Cash Paid	0.0	48.9	97.3	0.0	42.2	7.0	171.2	0.0	0.8	48.7	97.9	—	46.6	0.3	63.9	0.0	1.1	42.1	168.3	0.7
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	285.3	815.5	320.2	(167.6)	137.9	179.7	(151.1)	(114.6)	(96.0)	152.7	(168.0)	(223.0)	186.9	323.3	(1,707.9)	1,541.6	(804.5)	(1,006.0)	1,288.3	(234.4)
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	—	—	—	—	—	—	(114.6)	114.6	—	—	(112.4)	112.4	—	—	(1,668.7)	1,668.7	(728.0)	(751.9)	731.4	20.5
Debt - Issued/Reduced - Long-Term - Cash Flow	285.3	815.5	320.2	(167.6)	137.9	179.7	(36.4)	(229.2)	(96.0)	152.7	(55.6)	(335.4)	186.9	323.3	(39.1)	(127.1)	(76.4)	(254.1)	556.9	(254.9)
Debt - Issued - Long-Term - Cash Flow	—	—	—	—	—	—	—	—	—	391.0	335.4	—	—	—	190.0	—	—	—	655.5	—
Debt - Reduced - Long-Term - Cash Flow	—	—	—	—	—	—	—	—	—	238.2	391.0	—	—	—	229.1	—	—	—	98.6	—
Net Cash Flow from Financing Activities	285.3	766.5	222.8	(167.6)	95.7	172.7	(322.3)	(114.6)	(96.8)	104.0	(265.9)	(223.0)	140.3	323.0	(1,771.8)	1,541.6	(805.6)	(1,048.1)	1,120.0	(235.1)
Net Change in Cash - Total	68.2	126.2	(930.7)	(355.3)	215.1	(528.1)	(134.7)	(60.3)	40.9	1,729.9	956.2	(8.1)	2,146.0	1,389.5	(3,045.2)	1.3	(1,319.5)	(730.3)	1.7	2.5
Net Cash from Continuing Operations	68.2	126.2	(930.7)	(355.3)	215.1	(528.1)	(134.7)	(60.3)	40.9	1,729.9	956.2	(8.1)	2,146.0	1,389.5	(3,045.2)	1.3	(1,319.5)	(730.3)	1.7	2.5
Net Cash - Beginning Balance	(1,697.3)	(1,823.5)	(892.8)	(537.5)	(752.6)	(224.5)	(89.8)	92.3	(70.3)	(1,800.2)	(2,756.4)	37.3	(4,894.3)	(6,283.8)	(3,238.6)	29.1	(1,920.4)	(1,918.1)	24.9	22.5
Net Cash - Ending Balance	(1,629.1)	(1,697.3)	(1,823.5)	(892.8)	(537.5)	(752.6)	(224.5)	32.0	(29.4)	(70.3)	(1,800.2)	29.2	(2,748.4)	(4,894.3)	(6,283.8)	30.4	(3,239.9)	(2,648.4)	26.7	24.9
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	297.0	37.3	49.5	42.3	76.3	88.9	87.4	108.1	48.4	44.7	60.3	59.9	56.8	31.2	95.3	50.1	86.3	78.7	63.0	76.7
Interest Paid - Cash Flow - Supplemental	116.5	132.8	57.3	126.8	58.7	181.5	80.5	173.0	139.4	256.5	352.6	341.9	337.4	343.7	202.7	206.5	131.0	129.7	71.3	105.9
Interest & Dividends - Received - Cash Flow - Supplemental	0.0	8.0	21.3	—	0.0	8.0	21.3	—	0.0	8.0	16.0	—	8.0	0.0	16.0	—	0.0	0.0	6.7	—
CF from Optg Activities before Change in WC & Int Payments	589.1	188.0	251.4	151.4	32.4	215.8	185.0	205.2	177.7	164.2	379.0	489.6	989.2	1,113.0	352.0	528.7	529.3	404.9	521.0	465.5
Depreciation, Depletion & Amortization - Cash Flow	96.2	89.9	76.7	95.0	97.5	88.8	88.4	86.8	92.0	90.0	86.6	86.3	99.3	98.9	98.1	95.3	100.5	93.0	82.6	79.7
Free Cash Flow to Equity	81.2	175.1	(833.4)	(355.3)	257.3	(521.1)	36.5	(60.3)	41.7	1,778.6	1,054.1	(8.1)	2,192.6	1,389.9	(2,981.3)	1.3	(1,318.4)	(688.3)	170.0	3.2
Free Cash Flow Net of Dividends	(218.5)	(690.6)	(1,263.8)	(188.1)	76.5	(710.6)	(301.5)	53.2	133.4	252.8	1,099.5	159.5	1,847.6	1,049.5	(1,339.9)	(1,541.3)	(516.4)	266.1	(1,287.7)	236.7
Free Cash Flow	(218.5)	(641.7)	(1,166.5)	(188.1)	118.7	(703.6)	(130.3)	53.2	134.3	301.5	1,197.4	159.5	1,894.3	1,049.9	(1,276.0)	(1,541.3)	(515.3)	308.2	(1,119.4)	237.4

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