Last close · 16 Oct 2026
Rs 9.08 +0.22%
Quarterly · Q4 FY2021 – Q3 FY2026
Dewan Cement Limited (DCL) quarterly cash flow statement
Operating activities generated Rs 470.2 mn of cash in Q3 FY2026 (Jan – Mar 2026), up 93.5% on Q3 FY2025, 196% of the starting profit. Capital expenditure was Rs 174.6 mn, leaving free cash flow of Rs 295.6 mn. Overall, cash increased by Rs 161.4 mn.
| Rs mn | TTM to Mar 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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | 240.1 | (119.9) | (254.1) | — | — | — | — | — | ||||||||||||
| Depreciation & amortisation | — | 430.1 | 422.4 | 334.7 | — | — | — | — | — | ||||||||||||
| Net cash from operating activities | 315.6 | 470.2 | (329.4) | 9.9 | 165.0 | 242.9 | 548.5 | 89.2 | 64.9 | ||||||||||||
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (733.3) | (174.6) | (308.7) | (39.5) | (210.6) | (145.2) | (738.8) | (209.9) | (322.2) | ||||||||||||
| Net cash from investing activities | (732.7) | (176.2) | (306.0) | (39.5) | (211.1) | (144.6) | (739.4) | (209.9) | 150.8 | ||||||||||||
| Financing activities | |||||||||||||||||||||
| Borrowings raised / (repaid) | (32.5) | (7.1) | (7.1) | (7.1) | (11.3) | (11.3) | (15.9) | (14.0) | — | ||||||||||||
| Net cash from financing activities | 611.9 | (132.5) | 591.4 | (7.1) | 160.1 | (110.2) | 90.8 | 50.3 | (161.3) | ||||||||||||
| Net change in cash | 194.8 | 161.4 | (44.0) | (36.6) | 114.0 | (11.9) | (100.1) | (70.4) | 54.3 | ||||||||||||
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (417.7) | 295.6 | (638.1) | (29.6) | (45.7) | 97.7 | (190.3) | (120.7) | (257.3) | ||||||||||||
| Rs mn | 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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | — | — | — | — | — | — | — | ||||||||||||
| Depreciation & amortisation | — | — | — | — | — | — | — | — | ||||||||||||
| Net cash from operating activities | +93.5% | -160.1% | -88.9% | +154.2% | +719.9% | +229.7% | +55.6% | -93.4% | ||||||||||||
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +20.2% | -58.2% | -81.2% | -34.6% | +2.0% | +3,952.0% | +427.9% | +724.8% | ||||||||||||
| Net cash from investing activities | — | — | — | -240.0% | — | — | — | — | ||||||||||||
| Financing activities | ||||||||||||||||||||
| Borrowings raised / (repaid) | — | — | — | — | — | — | — | — | ||||||||||||
| Net cash from financing activities | — | +551.3% | -114.1% | — | -200.8% | — | — | — | ||||||||||||
| Net change in cash | — | — | — | +109.7% | — | -529.2% | -19,278.2% | — | ||||||||||||
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | +202.6% | — | — | — | — | -228.5% | -787.2% | -127.1% | ||||||||||||
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 43
| Rs mn | 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 |
|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 240.1 | (119.9) | (254.1) | — | — | — | — | — |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 435.0 | 396.6 | 368.5 | 253.9 | 237.0 | (11.6) | (146.9) | 83.1 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 5.8 | (27.3) | 33.8 | 253.9 | 237.0 | — | — | 83.1 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | (1.2) | 1.4 | 0.1 | — | — | — | — | — |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 430.1 | 422.4 | 334.7 | — | — | — | — | — |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 430.1 | 422.4 | 334.7 | — | — | — | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | 0.2 | — | — | — | — | — | — | — |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | 0.0 | 0.1 | (0.1) | — | — | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 127.2 | 57.0 | 93.3 | 88.9 | (6.1) | (559.7) | (236.1) | 11.9 |
| Interest Paid - Cash | 0.1 | 0.2 | 0.1 | 0.3 | 0.2 | — | 0.0 | 6.3 |
| Interest & Dividends - Received - Total - Cash Flow | — | 0.1 | — | 0.2 | 0.1 | 0.3 | — | — |
| Cash Flow from Operating Activities before Changes in Working Capital | 547.7 | 219.5 | 21.0 | 165.0 | 242.9 | 548.5 | 89.2 | 64.9 |
| Working Capital - Increase/(Decrease) - Cash Flow | (77.6) | (549.0) | (11.1) | — | — | — | — | — |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (68.1) | (213.5) | 126.6 | — | — | — | — | — |
| Inventories - Decrease/(Increase) - Cash Flow | (307.9) | (254.6) | (166.3) | — | — | — | — | — |
| Other Assets - Decrease/(Increase) - Cash Flow | 17.5 | 7.3 | (38.6) | — | — | — | — | — |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 281.0 | (88.2) | 67.2 | — | — | — | — | — |
| Net Cash Flow from Operating Activities | 470.2 | (329.4) | 9.9 | 165.0 | 242.9 | 548.5 | 89.2 | 64.9 |
| Capital Expenditures - Net - Cash Flow | 174.6 | 308.7 | 39.5 | 210.6 | 145.2 | 738.8 | 209.9 | 322.1 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 174.6 | 308.7 | 39.5 | 210.6 | 145.2 | 738.8 | 209.9 | 322.1 |
| Property, Plant & Equipment - Purchased - Cash Flow | 174.6 | 308.7 | 39.5 | 210.6 | 145.2 | 738.8 | 209.9 | 322.2 |
| Property, Plant & Equipment Sold - Cash Flow | — | — | — | — | — | — | — | 0.1 |
| Capital Expenditures - Total | 174.6 | 308.7 | 39.5 | 210.6 | 145.2 | 738.8 | 209.9 | 322.2 |
| Other Investing Cash Flow - Decrease/(Increase) | (1.6) | 2.7 | — | (0.4) | 0.6 | (0.6) | 0.0 | 472.9 |
| Net Cash Flow from Investing Activities | (176.2) | (306.0) | (39.5) | (211.1) | (144.6) | (739.4) | (209.9) | 150.8 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (7.1) | (7.1) | (7.1) | (11.3) | (11.3) | (15.9) | (14.0) | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (7.1) | (7.1) | (7.1) | (11.3) | (11.3) | (15.9) | (14.0) | — |
| Debt - Issued - Long-Term - Cash Flow | — | — | — | — | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 7.1 | 7.1 | 7.1 | 11.3 | 11.3 | 15.9 | 14.0 | — |
| Other Financing Cash Flow - Increase/(Decrease) | (125.5) | 598.5 | — | 171.3 | (98.9) | 106.7 | 64.3 | — |
| Net Cash Flow from Financing Activities | (132.5) | 591.4 | (7.1) | 160.1 | (110.2) | 90.8 | 50.3 | (161.3) |
| Net Change in Cash - Total | 161.4 | (44.0) | (36.6) | 114.0 | (11.9) | (100.1) | (70.4) | 54.3 |
| Net Cash from Continuing Operations | 161.4 | (44.0) | (36.6) | 114.0 | (11.9) | (100.1) | (70.4) | 54.3 |
| Net Cash - Beginning Balance | 81.0 | 125.0 | 161.6 | 47.7 | 59.5 | 159.6 | 159.3 | 104.9 |
| Net Cash - Ending Balance | 242.5 | 81.0 | 125.0 | 161.6 | 47.7 | 59.5 | 88.9 | 159.3 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 127.2 | 57.0 | 93.3 | 88.9 | (6.1) | (559.7) | (236.1) | 11.9 |
| Interest Paid - Cash Flow - Supplemental | 0.1 | 0.2 | 0.1 | 0.3 | 0.2 | — | 0.0 | 6.3 |
| Interest & Dividends - Received - Cash Flow - Supplemental | — | 0.1 | — | 0.2 | 0.1 | 0.3 | — | — |
| CF from Optg Activities before Change in WC & Int Payments | 547.9 | 219.7 | 21.1 | 165.2 | 243.2 | 548.5 | 89.2 | 71.1 |
| Depreciation, Depletion & Amortization - Cash Flow | 430.1 | 422.4 | 334.7 | — | — | — | — | — |
| Free Cash Flow to Equity | 288.5 | (645.2) | (36.6) | (56.9) | 86.4 | (206.1) | (134.7) | (257.2) |
| Free Cash Flow Net of Dividends | 295.6 | (638.1) | (29.6) | (45.7) | 97.7 | (190.3) | (120.7) | (257.3) |
| Free Cash Flow | 295.6 | (638.1) | (29.6) | (45.7) | 97.7 | (190.3) | (120.7) | (257.3) |
Every line the company reported, in the original order and wording, without regrouping or signs changed.