EFU Life Assurance Limited (EFUL) cash flow statement

Operating activities generated -Rs 10.7 bn of cash in FY2025 (Jan – Dec 2025). Capital expenditure was Rs 787.3 mn. Dividends paid to shareholders came to Rs 1.6 bn. Overall, cash increased by Rs 3.2 bn.

EFUL cash flow statement (annual) (Rs bn)
Rs bn	FY2025 Jan – Dec 2025	FY2024 * Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 * Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 * Jan – Dec 2007	FY2006 Jan – Dec 2006
Net cash from operating activities	(10.7)	(10.8)	(4.4)	3.9	3.9	6.8	8.8	9.3	9.0	1.7	16.9	8.5	6.4	5.5	4.3	3.5	3.0	3.0	1.9	1.4
Capital expenditure	(0.8)	(1.0)	(0.9)	(0.4)	(0.4)	(0.3)	(0.5)	(0.5)	(0.3)	(0.6)	(0.7)	(0.4)	(0.3)	(0.2)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.0)
Net cash from investing activities	15.7	5.0	(0.4)	(12.2)	2.4	(6.1)	(1.5)	(6.5)	(1.3)	(2.7)	(9.2)	(7.8)	0.0	(4.3)	(3.6)	(3.6)	(2.7)	(2.4)	(1.6)	(1.2)
Dividends paid	(1.6)	(1.5)	(1.5)	(1.5)	(1.5)	(1.5)	(1.6)	(1.5)	(1.6)	(1.0)	(0.9)	(0.7)	(0.5)	(0.6)	(0.4)	(0.4)	(0.3)	(0.2)	(0.1)	(0.0)
Net cash from financing activities	(1.8)	(1.7)	(1.7)	(1.7)	(1.7)	(1.7)	(1.7)	(1.5)	(1.6)	(1.0)	(0.9)	(0.7)	(0.5)	(0.6)	(0.4)	(0.4)	(0.3)	(0.2)	(0.1)	(0.0)
Net change in cash	3.2	(6.5)	(6.4)	(10.0)	4.6	(1.0)	5.5	1.3	6.1	(2.0)	6.7	0.1	5.9	0.6	0.3	(0.5)	(0.1)	0.5	0.3	0.2

EFUL cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 * Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 * Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 * Jan – Dec 2007	FY2006 Jan – Dec 2006
Net cash from operating activities	—	—	-211.6%	+0.5%	-42.9%	-22.3%	-5.9%	+3.7%	+438.0%	-90.1%	+97.9%	+34.2%	+16.5%	+26.5%	+23.7%	+16.6%	+0.2%	+57.1%	+31.8%	—
Capital expenditure	-18.8%	+7.4%	+149.7%	-18.1%	+28.2%	-25.9%	-10.1%	+90.5%	-56.2%	-9.5%	+87.5%	+29.1%	+29.3%	+185.0%	-34.7%	+42.7%	+13.5%	+29.6%	+28.7%	—
Net cash from investing activities	+217.2%	—	—	-617.9%	—	—	—	—	—	—	—	-27,090.6%	—	—	—	—	—	—	—	—
Dividends paid	+3.4%	+1.5%	0.0%	0.0%	0.0%	-4.8%	+5.0%	-4.8%	+57.5%	+11.1%	+38.5%	+32.7%	-11.3%	+30.0%	+3.0%	+22.2%	+125.0%	+150.7%	+42.9%	—
Net cash from financing activities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net change in cash	—	—	—	-318.0%	—	-117.6%	+313.7%	-78.1%	—	-129.8%	+12,782.2%	-99.1%	+911.9%	+84.7%	—	—	-112.5%	+78.8%	+16.8%	—

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 42

EFUL cash flow statement — all reported line items (Rs bn)
Rs bn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Net Cash Flow from Operating Activities	(10.7)	(10.8)	(4.4)	3.9	3.9	6.8	8.8	9.3	9.0	1.7	16.9	8.5	6.4	5.5	4.3	3.5	3.0	3.0	1.9	1.4
Capital Expenditures - Net - Cash Flow	0.7	0.7	0.7	0.3	0.4	0.3	0.4	0.4	0.3	0.6	0.7	0.3	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.0
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	0.7	0.7	0.7	0.3	0.4	0.3	0.4	0.4	0.3	0.6	0.7	0.3	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.0
Property, Plant & Equipment - Purchased - Cash Flow	0.8	1.0	0.9	0.4	0.4	0.3	0.5	0.5	0.3	0.6	0.7	0.4	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.0
Property, Plant & Equipment Sold - Cash Flow	0.1	0.3	0.2	0.1	0.1	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Capital Expenditures - Total	0.8	1.0	0.9	0.4	0.4	0.3	0.5	0.5	0.3	0.6	0.7	0.4	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.0
Investments excluding Loans - Decrease/(Increase) - Cash Flow	16.4	5.6	0.3	(12.0)	2.7	(5.8)	(1.1)	(6.0)	(1.1)	(2.1)	(8.6)	(7.5)	0.3	(4.1)	(3.5)	(3.5)	(2.6)	(2.3)	(1.5)	(1.1)
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	16.4	5.6	0.3	(12.0)	2.7	(5.8)	(1.1)	(6.0)	(1.1)	(2.1)	(8.6)	(7.5)	0.3	(4.1)	(3.5)	(3.5)	(2.6)	(2.3)	(1.5)	(1.1)
Investment Securities - Sold/Matured - Unclassified - Cash Flow	223.6	212.2	276.8	82.8	95.6	90.3	398.9	292.2	150.2	85.4	19.6	53.9	22.2	11.3	2.4	2.2	2.1	2.4	3.3	0.6
Investment Securities - Purchased - Unclassified - Cash Flow	207.2	206.6	276.5	94.7	92.9	96.2	400.0	298.3	151.3	87.5	28.2	61.4	21.9	15.4	5.9	5.7	4.7	4.7	4.8	1.7
Net Cash Flow from Investing Activities	15.7	5.0	(0.4)	(12.2)	2.4	(6.1)	(1.5)	(6.5)	(1.3)	(2.7)	(9.2)	(7.8)	0.0	(4.3)	(3.6)	(3.6)	(2.7)	(2.4)	(1.6)	(1.2)
Dividends Paid - Cash - Total - Cash Flow	1.6	1.5	1.5	1.5	1.5	1.5	1.6	1.5	1.6	1.0	0.9	0.7	0.5	0.6	0.4	0.4	0.3	0.2	0.1	0.0
Dividends - Common - Cash Paid	1.6	1.5	1.5	1.5	1.5	1.5	1.6	1.5	1.6	1.0	0.9	0.7	0.5	0.6	0.4	0.4	0.3	0.2	0.1	0.0
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(0.3)	(0.2)	(0.2)	(0.2)	(0.2)	(0.2)	(0.1)	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	(0.3)	(0.2)	(0.2)	(0.2)	(0.2)	(0.2)	(0.1)	—	—	—	—	—	—	—	—	—	—	—	—	—
Lease liabilities - Issued/(Reduced) - Cash Flow	(0.3)	(0.2)	(0.2)	(0.2)	(0.2)	(0.2)	(0.1)	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Reduced - Long-Term - Cash Flow	0.3	0.2	0.2	0.2	0.2	0.2	0.1	—	—	—	—	—	—	—	—	—	—	—	—	—
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	0.3	0.2	0.2	0.2	0.2	0.2	0.1	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Financing Cash Flow - Increase/(Decrease)	—	—	—	—	—	—	—	—	—	0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0	—
Net Cash Flow from Financing Activities	(1.8)	(1.7)	(1.7)	(1.7)	(1.7)	(1.7)	(1.7)	(1.5)	(1.6)	(1.0)	(0.9)	(0.7)	(0.5)	(0.6)	(0.4)	(0.4)	(0.3)	(0.2)	(0.1)	(0.0)
Non-Classified Cash Flows	—	1.1	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Change in Cash - Total	3.2	(6.5)	(6.4)	(10.0)	4.6	(1.0)	5.5	1.3	6.1	(2.0)	6.7	0.1	5.9	0.6	0.3	(0.5)	(0.1)	0.5	0.3	0.2
Net Cash from Continuing Operations	3.2	(7.6)	(6.4)	(10.0)	4.6	(1.0)	5.5	1.3	6.1	(2.0)	6.7	0.1	5.9	0.6	0.3	(0.5)	(0.1)	0.5	0.3	0.2
Net Cash - Beginning Balance	6.0	12.6	19.0	29.0	24.4	25.4	19.8	18.5	12.4	14.4	7.7	7.6	1.7	1.1	0.8	1.4	1.4	0.9	0.7	0.5
Net Cash - Ending Balance	9.2	6.0	12.6	19.0	29.0	24.4	25.4	19.8	18.5	12.4	14.4	7.7	7.6	1.7	1.1	0.8	1.4	1.4	0.9	0.7
Cash Receipts - Business Activities - Cash Flow	56.8	42.6	38.6	39.8	37.4	32.9	31.7	30.8	31.6	24.7	31.0	18.3	14.1	11.9	10.2	8.5	7.3	7.3	4.9	3.4
Premiums Received - Cash Flow	56.8	42.6	38.6	39.8	37.4	32.9	31.7	30.8	31.6	24.7	31.0	18.3	14.1	11.9	10.2	8.5	7.3	7.3	4.9	3.4
Cash Payments - Business Activities - Cash Flow	63.4	51.4	40.5	34.4	32.8	25.0	22.5	20.0	20.8	21.4	12.5	8.0	6.3	5.1	4.8	4.2	3.5	3.6	2.5	1.7
Reinsurance Paid - Cash Flow	1.1	0.1	0.8	0.9	1.3	1.0	0.6	0.4	0.7	0.2	0.1	0.3	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.1
Claims Paid - Cash Flow	57.7	47.3	36.5	30.9	29.1	22.1	20.1	18.0	18.7	21.2	12.3	7.7	6.2	5.0	4.7	4.1	3.4	3.5	2.3	1.6
Cash Payments - Other - Cash Flow	4.6	4.0	3.3	2.5	2.3	1.9	1.8	1.6	1.4	—	—	—	—	—	—	—	—	—	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	2.1	1.7	1.5	0.8	1.0	0.5	1.5	0.8	1.1	0.8	0.6	0.5	0.4	0.4	0.3	0.1	0.2	0.3	0.1	0.2
Interest & Dividends - Received - Total - Cash Flow - Direct	4.1	3.5	2.7	2.6	2.2	1.0	0.9	1.5	1.7	1.5	1.0	0.6	0.6	0.4	0.4	0.3	0.2	0.2	0.2	0.2
Cash Receipts/(Payments) - Net - Cash Flow	(6.2)	(3.9)	(3.6)	(3.3)	(1.9)	(1.6)	0.1	(2.1)	(2.4)	(2.2)	(2.0)	(1.8)	(1.5)	(1.3)	(1.1)	(0.9)	(0.8)	(0.6)	(0.6)	(0.3)
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	2.1	1.7	1.5	0.8	1.0	0.5	1.5	0.8	1.1	0.8	0.6	0.5	0.4	0.4	0.3	0.1	0.2	0.3	0.1	0.2
Interest & Dividends - Received - Cash Flow - Supplemental	4.1	3.5	2.7	2.6	2.2	1.0	0.9	1.5	1.7	1.5	1.0	0.6	0.6	0.4	0.4	0.3	0.2	0.2	0.2	0.2
Working Capital - Cash Flow - Direct - Supplemental	(5.5)	(4.0)	(3.8)	(2.8)	(1.9)	(1.4)	(1.8)	(1.4)	(1.0)	—	—	—	—	—	—	—	—	—	—	—
CF from Optg Activities before Change in WC & Int Payments	(10.7)	(10.8)	(4.4)	(10.6)	(3.9)	(18.1)	(4.4)	9.3	9.0	1.7	16.9	8.5	6.4	5.5	4.3	3.5	3.0	3.0	1.9	1.4
Depreciation, Depletion & Amortization - Cash Flow	—	—	—	0.5	0.5	0.5	0.5	—	—	—	—	—	—	—	—	—	—	—	—	—
Free Cash Flow to Equity	(11.6)	(11.7)	(5.2)	3.5	3.4	6.4	8.2	8.9	8.7	1.1	16.2	8.2	6.1	5.2	4.2	3.4	2.9	2.9	1.8	1.4
Free Cash Flow Net of Dividends	(13.1)	(13.3)	(6.8)	2.0	1.9	5.0	6.7	7.3	7.1	0.1	15.3	7.5	5.6	4.7	3.8	3.0	2.6	2.8	1.8	1.4
Free Cash Flow	(11.5)	(11.8)	(5.3)	3.5	3.4	6.5	8.3	8.8	8.7	1.1	16.2	8.2	6.1	5.2	4.2	3.4	2.9	2.9	1.8	1.4

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