Ellcot Spinning Mills Limited (ELSM) quarterly cash flow statement

Operating activities generated Rs 81.7 mn of cash in Q4 FY2026 (Apr – Jun 2026), 79% of the starting profit. Capital expenditure was Rs 120.4 mn, leaving free cash flow of -Rs 38.7 mn. Dividends paid to shareholders came to Rs 0. Overall, cash increased by Rs 147.0 mn.

ELSM 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)	346.4	103.0	127.5	40.9	74.9	(77.8)	113.6	99.5	126.9	(48.8)	69.7	70.9	60.7	149.7	152.4	71.4	198.6	158.3	478.4	560.5	431.9
Depreciation & amortisation	501.2	131.1	125.9	125.3	118.9	125.4	122.5	121.2	121.3	134.7	134.1	134.0	133.9	117.1	103.3	103.0	101.8	109.7	102.7	76.8	65.3
Net cash from operating activities	1,628.3	81.7	1,364.7	397.7	(215.8)	(405.2)	774.2	(1,362.0)	354.2	467.1	492.0	457.2	137.5	(293.7)	972.0	(1,375.3)	1,146.6	1,069.6	(555.4)	(160.2)	(411.8)
Investing activities
Capital expenditure	(687.5)	(120.4)	(186.3)	(276.7)	(104.1)	(302.8)	(95.8)	(58.6)	(6.8)	(15.0)	(5.9)	(4.5)	(4.4)	(12.3)	(707.9)	(687.2)	(174.2)	(25.0)	(97.1)	(1,217.6)	(280.0)
Net cash from investing activities	(898.2)	(138.1)	(301.4)	(361.4)	(97.4)	(162.2)	(286.7)	1,237.1	(221.5)	(450.6)	326.6	(664.6)	(11.1)	382.0	(251.3)	(300.7)	(933.8)	(463.9)	493.8	(1,147.4)	(397.9)
Financing activities
Dividends paid	—	0.0	0.0	(43.5)	—	0.0	(0.1)	(54.3)	0.0	(0.0)	0.0	(65.2)	(0.0)	0.0	(0.0)	(108.7)	(0.0)	0.0	0.0	(27.2)	—
Borrowings raised / (repaid)	(754.1)	204.1	(1,038.9)	93.6	(12.9)	841.8	(454.0)	146.4	(115.8)	(66.2)	(783.7)	237.3	(105.8)	(129.2)	(606.8)	1,795.5	(209.0)	(597.7)	(56.6)	1,478.2	790.6
Net cash from financing activities	(797.6)	204.1	(1,038.9)	50.1	(12.9)	841.8	(454.0)	92.0	(115.8)	(66.2)	(783.7)	172.1	(105.8)	(129.2)	(606.8)	1,686.8	(209.0)	(597.7)	(56.6)	1,451.0	790.6
Net change in cash	(68.2)	147.0	25.0	85.9	(326.1)	275.3	33.5	(32.8)	16.9	(52.0)	34.9	(35.3)	20.6	(34.5)	114.0	10.8	3.8	9.5	(118.2)	143.3	(19.1)
Key figures
Free cash flow (operating cash flow − capex)	940.8	(38.7)	1,178.4	121.1	(320.0)	(708.0)	678.4	(1,420.5)	347.4	452.1	486.0	452.7	133.0	(306.0)	264.2	(2,062.5)	972.4	1,044.7	(652.5)	(1,377.8)	(691.8)

ELSM 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)	—	+12.3%	-58.9%	-41.0%	—	+63.0%	+40.4%	+109.2%	-132.6%	-54.3%	-0.8%	-69.4%	-5.5%	-68.1%	-87.3%	-54.0%	-67.5%	+43.1%	+302.0%	+685.7%
Depreciation & amortisation	+4.5%	+2.8%	+3.4%	-2.0%	-6.9%	-8.7%	-9.5%	-9.4%	+15.1%	+29.8%	+30.0%	+31.6%	+6.7%	+0.7%	+34.1%	+55.9%	+51.9%	+42.2%	+13.9%	+5.5%
Net cash from operating activities	—	+76.3%	—	-160.9%	-186.7%	+57.4%	-397.9%	+157.7%	—	-49.4%	—	-88.0%	-127.5%	—	—	—	+36.6%	-171.3%	—	-287.1%
Investing activities
Capital expenditure	-60.3%	+94.4%	+372.5%	+1,430.6%	+1,919.2%	+1,514.8%	+1,193.1%	+54.1%	+21.9%	-99.2%	-99.3%	-97.5%	-50.7%	+628.9%	-43.6%	-37.8%	-87.1%	+97.0%	+458.7%	+22.3%
Net cash from investing activities	—	—	-129.2%	—	—	-187.8%	—	—	-218.0%	—	—	—	—	-150.9%	—	—	—	+543.7%	—	—
Financing activities
Dividends paid	—	-100.0%	-19.9%	—	-100.0%	—	-16.7%	-100.0%	—	-100.0%	-40.0%	-79.8%	—	—	+300.0%	—	-100.0%	—	—	—
Borrowings raised / (repaid)	-75.8%	—	-36.1%	—	—	—	-38.3%	—	—	—	-86.8%	—	—	—	+21.5%	-126.4%	—	—	+72.0%	—
Net cash from financing activities	-75.8%	—	-45.6%	—	—	—	-46.5%	—	—	—	-89.8%	—	—	—	+16.2%	-126.4%	—	—	+68.8%	—
Net change in cash	-46.6%	-25.6%	—	-2,028.4%	—	-3.9%	—	-17.8%	—	-69.4%	-427.6%	+444.4%	-461.4%	—	-92.5%	—	+28.0%	—	+189.9%	—
Key figures
Free cash flow (operating cash flow − capex)	—	+73.7%	—	-192.1%	-256.6%	+39.6%	-413.8%	+161.1%	—	+84.0%	—	-86.3%	-129.3%	—	—	—	+77.1%	-189.5%	—	—

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 52

ELSM 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	103.0	127.5	40.9	74.9	(77.8)	113.6	99.5	126.9	(48.8)	69.7	70.9	60.7	149.7	152.4	71.4	198.6	158.3	478.4	560.5	431.9
Non-cash Items & Reconciliation Adjustments - Cash Flow	186.0	175.2	251.6	199.0	310.9	162.7	234.9	167.9	343.7	235.6	262.9	273.7	138.4	145.3	115.4	136.5	151.1	138.5	108.5	85.0
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	25.6	(22.4)	48.2	12.0	131.3	(27.2)	45.5	10.4	149.1	9.0	9.0	10.4	(21.6)	4.0	5.6	5.2	4.0	3.2	5.3	3.7
Financial Income/(Expense) - Cash Flow - to Reconcile	38.6	74.9	91.1	73.3	57.2	71.7	86.2	98.1	72.1	96.8	121.7	130.4	48.7	40.9	18.4	29.5	40.0	35.6	32.8	18.2
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	131.1	125.9	125.3	118.9	125.4	122.5	121.2	121.3	134.7	134.1	134.0	133.9	117.1	103.3	103.0	101.8	109.7	102.7	76.8	65.3
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	131.1	125.9	125.3	118.9	125.4	122.5	121.2	121.3	134.7	134.1	134.0	133.9	117.1	103.3	103.0	101.8	109.7	102.7	76.8	65.3
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(9.6)	(6.2)	(11.1)	(3.7)	(3.0)	(4.1)	(18.1)	(61.9)	(14.2)	(0.2)	(0.4)	(1.0)	(5.8)	(3.1)	(11.4)	(0.0)	(2.5)	(2.9)	(6.4)	(2.3)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	0.4	3.0	(1.8)	(1.5)	0.0	(0.1)	—	—	2.0	(4.2)	(1.4)	—	0.0	0.3	(0.3)	—	—	—	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	80.0	85.9	87.7	44.3	187.6	(38.7)	75.7	60.4	93.7	42.1	37.0	28.5	28.8	73.4	59.6	44.0	66.4	36.9	29.8	38.7
Interest Paid - Cash	140.2	101.0	74.5	82.1	48.1	87.5	97.5	103.2	104.1	128.3	142.2	133.7	188.4	6.4	25.8	55.3	39.6	42.7	24.6	34.0
Interest & Dividends - Received - Total - Cash Flow	82.6	2.4	2.1	3.0	8.7	2.9	1.9	2.6	35.5	15.9	5.1	10.7	4.2	10.1	12.4	17.0	1.8	6.3	4.3	18.4
Cash Flow from Operating Activities before Changes in Working Capital	151.5	118.1	132.3	150.5	6.0	230.5	163.1	133.7	132.7	150.8	159.6	182.8	75.1	228.0	113.9	252.8	205.4	543.6	618.9	462.6
Working Capital - Increase/(Decrease) - Cash Flow	(69.9)	1,246.6	265.4	(366.3)	(411.2)	543.7	(1,525.1)	220.4	334.4	341.2	297.6	(45.4)	(368.8)	744.0	(1,489.1)	893.8	864.2	(1,099.0)	(779.1)	(874.4)
Accounts Receivables - Decrease/(Increase) - Cash Flow	(250.6)	(782.6)	550.4	37.4	(188.3)	365.1	(339.1)	(51.9)	(189.4)	351.1	(505.9)	272.7	185.1	71.3	(177.0)	31.3	57.0	(202.3)	(251.4)	12.7
Inventories - Decrease/(Increase) - Cash Flow	465.3	1,336.1	(331.9)	(520.4)	(16.0)	179.8	(1,440.8)	146.6	249.0	1,061.6	802.5	(998.8)	54.8	(608.2)	(708.4)	1,251.2	(242.2)	(46.1)	(1,111.2)	(238.3)
Prepaid Expenses - Decrease/(Increase) - Cash Flow	(480.5)	658.2	49.3	(49.3)	(475.3)	100.0	103.8	63.7	173.2	(805.4)	37.8	456.8	(528.6)	1,125.6	(600.3)	(371.6)	1,082.5	(874.5)	615.7	(895.0)
Other Assets - Decrease/(Increase) - Cash Flow	0.5	21.6	(21.6)	—	(13.4)	3.0	(3.7)	(0.0)	—	—	—	—	(0.4)	—	—	—	—	—	—	—
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	195.4	13.2	19.2	166.0	281.8	(104.1)	154.8	62.1	101.6	(266.2)	(36.8)	223.9	(79.6)	155.3	(3.4)	(17.1)	(33.1)	23.9	(32.2)	246.3
Net Cash Flow from Operating Activities	81.7	1,364.7	397.7	(215.8)	(405.2)	774.2	(1,362.0)	354.2	467.1	492.0	457.2	137.5	(293.7)	972.0	(1,375.3)	1,146.6	1,069.6	(555.4)	(160.2)	(411.8)
Capital Expenditures - Net - Cash Flow	120.1	183.7	253.2	97.6	296.2	89.9	54.1	(3.7)	11.7	4.1	4.1	2.6	(21.6)	705.3	687.2	174.2	12.7	85.4	1,205.9	275.2
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	120.1	183.7	253.2	97.6	296.2	89.9	54.1	(3.7)	11.7	4.1	4.1	2.6	(21.6)	705.3	687.2	174.2	12.7	85.4	1,205.9	275.2
Property, Plant & Equipment - Purchased - Cash Flow	120.4	186.3	276.7	104.1	302.8	95.8	58.6	6.8	15.0	5.9	4.5	4.4	12.3	707.9	687.2	174.2	25.0	97.1	1,217.6	280.0
Property, Plant & Equipment Sold - Cash Flow	0.3	2.6	23.5	6.5	6.6	5.9	4.5	10.5	3.3	1.8	0.4	1.8	33.9	2.6	0.0	0.0	12.3	11.7	11.7	4.9
Capital Expenditures - Total	120.4	186.3	276.7	104.1	302.8	95.8	58.6	6.8	15.0	5.9	4.5	4.4	12.3	707.9	687.2	174.2	25.0	97.1	1,217.6	280.0
Investments excluding Loans - Decrease/(Increase) - Cash Flow	(18.0)	(115.9)	(110.0)	0.2	134.1	(193.7)	1,288.2	(225.2)	(438.8)	330.7	(660.5)	(8.5)	360.4	454.0	386.5	(759.7)	(451.3)	579.2	58.4	(122.7)
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	(18.0)	(115.9)	(110.0)	0.2	134.1	(193.7)	1,288.2	(225.2)	(438.8)	330.7	(660.5)	(8.5)	360.4	454.0	386.5	(759.7)	(451.3)	579.2	58.4	(122.7)
Investment Securities - Sold/Matured - Unclassified - Cash Flow	1,292.0	699.2	0.0	64.7	280.4	771.0	1,288.3	334.8	976.0	1,147.1	36.6	3.3	492.3	1,056.0	2,016.6	1,354.7	3.2	689.4	749.8	542.2
Investment Securities - Purchased - Unclassified - Cash Flow	1,310.0	815.1	110.0	64.5	146.3	964.7	0.1	560.0	1,414.9	816.3	697.1	11.8	131.9	602.0	1,630.1	2,114.3	454.5	110.3	691.4	664.9
Other Investing Cash Flow - Decrease/(Increase)	—	(1.8)	1.8	—	—	(3.0)	3.0	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Investing Activities	(138.1)	(301.4)	(361.4)	(97.4)	(162.2)	(286.7)	1,237.1	(221.5)	(450.6)	326.6	(664.6)	(11.1)	382.0	(251.3)	(300.7)	(933.8)	(463.9)	493.8	(1,147.4)	(397.9)
Dividends Paid - Cash - Total - Cash Flow	0.0	0.0	43.5	—	0.0	0.1	54.3	0.0	0.0	0.0	65.2	0.0	0.0	0.0	108.7	0.0	0.0	0.0	27.2	—
Dividends - Common - Cash Paid	0.0	0.0	43.5	—	0.0	0.1	54.3	0.0	0.0	0.0	65.2	0.0	0.0	0.0	108.7	0.0	0.0	0.0	27.2	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	204.1	(1,038.9)	93.6	(12.9)	841.8	(454.0)	146.4	(115.8)	(66.2)	(783.7)	237.3	(105.8)	(129.2)	(606.8)	1,795.5	(209.0)	(597.7)	(56.6)	1,478.2	790.6
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	340.4	(953.9)	54.6	143.5	767.1	(351.4)	196.9	17.4	66.9	(650.7)	349.5	(21.4)	(37.4)	(538.5)	728.5	(239.8)	(508.4)	3.0	871.3	79.4
Debt - Issued/Reduced - Long-Term - Cash Flow	(136.4)	(85.0)	39.0	(156.4)	74.6	(102.6)	(50.5)	(133.1)	(133.1)	(133.0)	(112.2)	(84.4)	(91.8)	(68.3)	1,067.0	30.8	(89.3)	(59.7)	606.9	711.1
Debt - Issued - Long-Term - Cash Flow	35.4	86.9	209.0	15.4	270.5	45.2	86.0	0.0	—	0.0	0.0	0.0	71.4	15.4	1,172.0	128.3	3.2	36.8	761.7	732.1
Debt - Reduced - Long-Term - Cash Flow	171.8	171.8	170.1	171.8	195.9	147.8	136.5	133.1	133.1	133.0	112.2	84.4	163.2	83.7	105.0	97.4	92.5	96.4	154.8	21.0
Net Cash Flow from Financing Activities	204.1	(1,038.9)	50.1	(12.9)	841.8	(454.0)	92.0	(115.8)	(66.2)	(783.7)	172.1	(105.8)	(129.2)	(606.8)	1,686.8	(209.0)	(597.7)	(56.6)	1,451.0	790.6
Foreign Exchange Effects - Cash Flow	(0.6)	0.5	(0.5)	—	0.9	—	—	—	(2.4)	—	—	—	6.4	—	—	—	1.5	—	—	—
Net Change in Cash - Total	147.0	25.0	85.9	(326.1)	275.3	33.5	(32.8)	16.9	(52.0)	34.9	(35.3)	20.6	(34.5)	114.0	10.8	3.8	9.5	(118.2)	143.3	(19.1)
Net Cash from Continuing Operations	147.0	25.0	85.9	(326.1)	275.3	33.5	(32.8)	16.9	(52.0)	34.9	(35.3)	20.6	(34.5)	114.0	10.8	3.8	9.5	(118.2)	143.3	(19.1)
Net Cash - Beginning Balance	191.2	166.2	80.3	406.4	131.1	97.6	130.4	113.5	165.5	130.6	165.9	145.3	179.8	65.8	55.0	51.3	41.7	160.0	16.6	35.7
Net Cash - Ending Balance	338.2	191.2	166.2	80.3	406.4	131.1	97.6	130.4	113.5	165.5	130.6	165.9	145.3	179.8	65.8	55.0	51.3	41.7	160.0	16.6
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	80.0	85.9	87.7	44.3	187.6	(38.7)	75.7	60.4	93.7	42.1	37.0	28.5	28.8	73.4	59.6	44.0	66.4	36.9	29.8	38.7
Interest Paid - Cash Flow - Supplemental	140.2	101.0	74.5	82.1	48.1	87.5	97.5	103.2	104.1	128.3	142.2	133.7	188.4	6.4	25.8	55.3	39.6	42.7	24.6	34.0
Interest & Dividends - Received - Cash Flow - Supplemental	82.6	2.4	2.1	3.0	8.7	2.9	1.9	2.6	35.5	15.9	5.1	10.7	4.2	10.1	12.4	17.0	1.8	6.3	4.3	18.4
CF from Optg Activities before Change in WC & Int Payments	291.8	219.2	206.8	232.6	54.1	318.0	260.5	237.0	236.8	279.1	301.8	316.6	263.4	234.4	139.6	308.1	244.9	586.3	643.5	496.6
Depreciation, Depletion & Amortization - Cash Flow	131.1	125.9	125.3	118.9	125.4	122.5	121.2	121.3	134.7	134.1	134.0	133.9	117.1	103.3	103.0	101.8	109.7	102.7	76.8	65.3
Free Cash Flow to Equity	165.6	142.1	238.1	(326.3)	140.3	230.3	(1,269.7)	242.1	389.2	(295.9)	690.4	29.1	(401.3)	(340.0)	(267.0)	763.5	459.3	(697.4)	112.1	103.6
Free Cash Flow Net of Dividends	(38.7)	1,178.4	77.6	(320.0)	(708.0)	678.4	(1,474.9)	347.4	452.1	486.0	387.5	133.0	(306.0)	264.2	(2,171.2)	972.4	1,044.7	(652.5)	(1,405.0)	(691.8)
Free Cash Flow	(38.7)	1,178.4	121.1	(320.0)	(708.0)	678.4	(1,420.5)	347.4	452.1	486.0	452.7	133.0	(306.0)	264.2	(2,062.5)	972.4	1,044.7	(652.5)	(1,377.8)	(691.8)

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