EPCL Engro Polymer & Chemicals Limited
Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 31.77 -0.25%
Annual · FY2006 – FY2025
Engro Polymer & Chemicals Limited (EPCL) cash flow statement
Operating activities generated Rs 11.8 bn of cash in FY2025 (Jan – Dec 2025), up 5,132.3% on FY2024. Capital expenditure was Rs 3.4 bn, leaving free cash flow of Rs 8.4 bn. Dividends paid to shareholders came to Rs 11.6 mn. Overall, cash increased by Rs 6.1 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | (3.4) | (3.1) | 13.8 | 16.7 | 20.0 | 8.2 | 5.0 | 6.5 | 3.1 | 1.2 | (0.4) | (1.5) | 1.3 | 0.2 | (1.1) | (1.2) | (0.2) | 0.5 | 0.6 | — |
| Depreciation & amortisation | 3.8 | 2.7 | 3.5 | 3.0 | 2.3 | 1.8 | 1.5 | 1.0 | 0.9 | 0.9 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.0 | 0.5 | 0.2 | 0.2 | — |
| Net cash from operating activities | 11.8 | 0.2 | 1.3 | 20.7 | 14.5 | 10.4 | 7.5 | 9.6 | 1.9 | 3.1 | (1.2) | 1.2 | 3.0 | 1.0 | 2.4 | (1.4) | 0.8 | 0.2 | 0.7 | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | (3.4) | (9.2) | (11.4) | (9.1) | (3.6) | (7.3) | (13.1) | (4.3) | (1.1) | (0.6) | (0.7) | (1.1) | (0.6) | (0.4) | (0.5) | (0.9) | (3.7) | (11.2) | (2.5) | — |
| Net cash from investing activities | (21.7) | (7.4) | 1.9 | (10.1) | (10.6) | (7.3) | (18.5) | (4.3) | (1.1) | (0.6) | (0.6) | (0.9) | (0.6) | (0.5) | (0.5) | (0.8) | (4.3) | (7.8) | (5.2) | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | (0.0) | (1.5) | (7.9) | (14.4) | (10.2) | (0.2) | (0.8) | (1.2) | (0.3) | — | — | — | — | — | — | — | 0.0 | (0.3) | — | — |
| Borrowings raised / (repaid) | 16.0 | 11.6 | (1.8) | 1.2 | (1.8) | 0.7 | 10.6 | (1.3) | (0.7) | (0.2) | (0.1) | (0.6) | (0.3) | (1.0) | (1.8) | 0.3 | 4.0 | 6.6 | 1.0 | — |
| Net cash from financing activities | 16.0 | 10.0 | (9.7) | (13.2) | (12.0) | 3.3 | 9.8 | 2.9 | (1.0) | (0.2) | (0.1) | (0.6) | (0.3) | (1.0) | (1.8) | 1.7 | 4.0 | 6.6 | 4.7 | — |
| Net change in cash | 6.1 | 2.8 | (6.1) | (2.5) | (8.1) | 6.3 | (1.2) | 8.2 | (0.2) | 2.2 | (1.9) | (0.2) | 2.1 | (0.5) | 0.0 | (0.5) | 0.6 | (1.0) | 0.2 | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | 8.4 | (8.9) | (10.1) | 11.6 | 10.9 | 3.1 | (5.6) | 5.4 | 0.8 | 2.5 | (1.8) | 0.1 | 2.4 | 0.6 | 1.8 | (2.2) | (3.0) | (10.9) | (1.7) | — |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | -122.6% | -17.6% | -16.5% | +142.7% | +63.4% | -22.0% | +107.5% | +162.3% | — | — | -213.8% | +533.9% | — | — | — | -143.3% | -21.0% | — | — |
| Depreciation & amortisation | +39.5% | -22.6% | +16.7% | +32.7% | +29.4% | +16.3% | +55.8% | +3.2% | +7.5% | -31.6% | +3.8% | +3.7% | +1.2% | +1.4% | +13.9% | +99.0% | +175.4% | +2.4% | — | — |
| Net cash from operating activities | +5,132.3% | -82.5% | -93.8% | +42.8% | +39.9% | +37.6% | -21.7% | +407.1% | -38.9% | — | -197.1% | -60.7% | +202.9% | -57.7% | — | -273.1% | +245.7% | -69.5% | — | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | -62.4% | -19.3% | +25.0% | +152.6% | -50.8% | -44.2% | +207.9% | +289.8% | +69.5% | -2.4% | -37.2% | +64.8% | +75.3% | -31.7% | -39.4% | -76.5% | -66.4% | +354.9% | — | — |
| Net cash from investing activities | — | -499.3% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | -99.2% | -80.7% | -44.9% | +40.9% | +5,421.5% | -78.0% | -32.4% | +376.4% | — | — | — | — | — | — | — | — | -100.0% | — | — | — |
| Borrowings raised / (repaid) | +38.7% | — | -253.5% | — | -358.7% | -93.6% | — | — | — | — | — | — | — | — | -732.8% | -92.9% | -39.0% | +556.5% | — | — |
| Net cash from financing activities | +59.5% | — | — | — | -463.3% | -66.3% | +240.6% | — | — | — | — | — | — | — | -206.7% | -58.0% | -38.8% | +40.5% | — | — |
| Net change in cash | +114.7% | — | — | — | -227.1% | — | -114.7% | — | -107.3% | — | — | -111.2% | — | -1,366.6% | — | -183.1% | — | -497.6% | — | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | — | -186.7% | +6.5% | +257.1% | — | -204.0% | +566.4% | -67.3% | — | -1,444.7% | -94.3% | +276.5% | -65.3% | — | — | — | — | — | — |
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 65
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (3.4) | (3.1) | 13.8 | 16.7 | 20.0 | 8.2 | 5.0 | 6.5 | 3.1 | 1.2 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 11.7 | 9.8 | 7.2 | 6.3 | 3.6 | 3.0 | 4.0 | 2.6 | 2.9 | 2.7 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 2.2 | (0.5) | (0.6) | 0.2 | (0.4) | (0.8) | 1.7 | 1.5 | 1.2 | 1.0 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 5.7 | 7.5 | 4.2 | 3.1 | 1.6 | 2.0 | 1.6 | 0.5 | 0.7 | 0.8 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 3.8 | 2.7 | 3.5 | 3.0 | 2.4 | 1.8 | 1.5 | 0.9 | 1.1 | 0.9 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 3.7 | 2.6 | 3.4 | 2.9 | 2.3 | 1.7 | 1.4 | 1.0 | 0.9 | 0.9 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | — |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | — | — | — | 0.0 | 0.1 | — | 0.0 | (0.1) | 0.1 | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (0.0) | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | (0.8) | (0.1) | (0.1) | (0.0) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | — | — | — | — | (0.0) | (0.0) | 0.0 | (0.2) | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 2.8 | 5.1 | 6.7 | 3.0 | 2.9 | 1.3 | 1.3 | 0.3 | 0.2 | 0.2 |
| Interest Paid - Cash | 5.8 | 7.2 | 4.6 | 2.3 | 1.4 | 1.9 | 1.0 | 0.6 | 0.6 | 0.9 |
| Interest & Dividends - Received - Total - Cash Flow | 0.2 | 0.5 | 0.7 | 1.3 | 1.3 | 1.1 | 0.9 | 0.3 | 0.0 | 0.0 |
| Cash Flow from Operating Activities before Changes in Working Capital | (0.2) | (5.2) | 10.3 | 18.9 | 20.6 | 9.1 | 7.6 | 8.5 | 5.3 | 2.8 |
| Working Capital - Increase/(Decrease) - Cash Flow | 12.0 | 5.4 | (9.1) | 1.8 | (6.1) | 1.3 | (0.1) | 1.1 | (3.4) | 0.3 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (0.5) | 0.4 | 1.1 | (1.8) | (0.2) | (0.1) | (0.0) | 0.1 | (0.1) | (0.0) |
| Inventories - Decrease/(Increase) - Cash Flow | 2.5 | 0.8 | (7.4) | 1.6 | (6.7) | (2.1) | (0.8) | 0.1 | (0.9) | (0.1) |
| Other Assets - Decrease/(Increase) - Cash Flow | 2.8 | (0.8) | (2.0) | (1.8) | (1.3) | 0.6 | 0.6 | (1.0) | (0.2) | (0.0) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 7.1 | 5.1 | (0.7) | 3.8 | 2.1 | 2.9 | 0.1 | 1.9 | (2.2) | 0.4 |
| Net Cash Flow from Operating Activities | 11.8 | 0.2 | 1.3 | 20.7 | 14.5 | 10.4 | 7.5 | 9.6 | 1.9 | 3.1 |
| Capital Expenditures - Net - Cash Flow | 3.4 | 9.1 | 11.3 | 9.1 | 3.6 | 7.3 | 13.1 | 4.3 | 1.1 | 0.6 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 3.4 | 9.1 | 11.3 | 9.0 | 3.3 | 7.2 | 12.8 | 4.2 | 1.1 | 0.6 |
| Property, Plant & Equipment - Purchased - Cash Flow | 3.4 | 9.2 | 11.4 | 9.0 | 3.4 | 7.2 | 12.8 | 4.2 | 1.1 | 0.6 |
| Property, Plant & Equipment Sold - Cash Flow | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | — | — | — | 0.1 | 0.2 | 0.2 | 0.3 | 0.0 | 0.0 | 0.0 |
| Intangible Assets - Purchased/Acquired - Cash Flow | — | — | — | 0.1 | 0.2 | 0.2 | 0.3 | 0.0 | 0.0 | 0.0 |
| Capital Expenditures - Total | 3.4 | 9.2 | 11.4 | 9.1 | 3.6 | 7.3 | 13.1 | 4.3 | 1.1 | 0.6 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | (18.3) | 1.7 | 13.2 | (3.3) | (8.0) | — | — | — | — | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | (18.3) | 1.7 | 13.2 | (3.3) | (8.0) | — | — | — | — | — |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | 2.7 | 4.0 | 53.9 | 337.2 | 3.0 | — | — | — | — | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | 21.0 | 2.3 | 40.8 | 340.5 | 11.0 | — | — | — | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | — | — | — | 2.3 | 0.9 | (0.0) | (5.4) | 0.0 | — | — |
| Net Cash Flow from Investing Activities | (21.7) | (7.4) | 1.9 | (10.1) | (10.6) | (7.3) | (18.5) | (4.3) | (1.1) | (0.6) |
| Dividends Paid - Cash - Total - Cash Flow | 0.0 | 1.5 | 7.9 | 14.4 | 10.2 | 0.2 | 0.8 | 1.2 | 0.3 | — |
| Dividends - Common - Cash Paid | 0.0 | 1.5 | 7.9 | 14.4 | 10.2 | 0.2 | 0.8 | 1.2 | 0.3 | — |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | 0.0 | 3.0 | 0.0 | 5.4 | — | — |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | — | — | 0.0 | 3.0 | 0.0 | 5.4 | — | — |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | 0.0 | 5.4 | — | — |
| Stock - Preferred - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | 0.0 | 3.0 | — | — | — | — |
| Stock - Preferred - Issued/Sold - Cash Flow | — | — | — | — | 0.0 | 3.0 | — | — | — | — |
| Stock - Common - Issued/Sold - Cash Flow | — | — | — | — | — | — | 0.0 | 5.4 | — | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 16.0 | 11.6 | (1.8) | 1.2 | (1.8) | 0.7 | 10.6 | (1.3) | (0.7) | (0.2) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (7.6) | 8.0 | (0.2) | 0.0 | 0.5 | — | — | — | (0.3) | (1.1) |
| Debt - Issued - Short-Term - Cash Flow | 11.5 | 16.7 | 2.0 | 0.0 | 0.5 | — | — | — | — | 0.0 |
| Debt - Reduced - Short-Term - Cash Flow | 19.1 | 8.7 | 2.2 | — | — | — | — | — | 0.3 | 1.1 |
| Debt - Issued/Reduced - Long-Term - Cash Flow | 23.7 | 3.6 | (1.6) | 1.2 | (2.2) | 0.7 | 10.6 | (1.3) | (0.4) | 0.8 |
| Debt - Issued - Long-Term - Cash Flow | 29.8 | 8.0 | 5.9 | 15.8 | 1.1 | 2.0 | 19.4 | 0.0 | 3.0 | 6.6 |
| Debt - Reduced - Long-Term - Cash Flow | 6.1 | 4.4 | 7.6 | 14.6 | 3.3 | 1.3 | 8.7 | 1.3 | 3.4 | 5.8 |
| Other Financing Cash Flow - Increase/(Decrease) | (0.0) | — | — | 0.0 | (0.0) | (0.2) | — | — | — | — |
| Net Cash Flow from Financing Activities | 16.0 | 10.0 | (9.7) | (13.2) | (12.0) | 3.3 | 9.8 | 2.9 | (1.0) | (0.2) |
| Foreign Exchange Effects - Cash Flow | 0.0 | (0.0) | 0.4 | 0.0 | 0.0 | — | — | — | — | — |
| Net Change in Cash - Total | 6.1 | 2.8 | (6.1) | (2.5) | (8.1) | 6.3 | (1.2) | 8.2 | (0.2) | 2.2 |
| Net Cash from Continuing Operations | 6.1 | 2.8 | (6.1) | (2.5) | (8.1) | 6.3 | (1.2) | 8.2 | (0.2) | 2.2 |
| Net Cash - Beginning Balance | 0.2 | (2.7) | 3.5 | 6.0 | 14.4 | 8.0 | 9.2 | 0.9 | 1.1 | (1.1) |
| Net Cash - Ending Balance | 6.3 | 0.2 | (2.7) | 3.5 | 6.3 | 14.4 | 8.0 | 9.2 | 0.9 | 1.1 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 2.8 | 5.1 | 6.7 | 3.0 | 2.9 | 1.3 | 1.3 | 0.3 | 0.2 | 0.2 |
| Interest Paid - Cash Flow - Supplemental | 5.8 | 7.2 | 4.6 | 2.3 | 1.4 | 1.9 | 1.0 | 0.6 | 0.6 | 0.9 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 0.2 | 0.5 | 0.7 | 1.3 | 1.3 | 1.1 | 0.9 | 0.3 | 0.0 | 0.0 |
| CF from Optg Activities before Change in WC & Int Payments | 5.7 | 2.1 | 14.9 | 21.3 | 21.9 | 11.0 | 8.6 | 9.2 | 5.9 | 3.7 |
| Cash Dividends Paid & Common Stock Buyback - Net | — | — | — | — | — | — | 0.8 | (4.1) | — | — |
| Common Stock Buyback - Net | — | — | — | — | — | — | 0.0 | (5.4) | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 3.8 | 2.7 | 3.5 | 3.0 | 2.3 | 1.8 | 1.5 | 1.0 | 0.9 | 0.9 |
| Free Cash Flow to Equity | 24.5 | 2.7 | (11.8) | 12.8 | 9.1 | 3.7 | 5.1 | 4.1 | 0.1 | 2.2 |
| Free Cash Flow Net of Dividends | 8.4 | (10.5) | (18.0) | (2.8) | 0.7 | 2.9 | (6.4) | 4.1 | 0.5 | 2.5 |
| Free Cash Flow | 8.4 | (8.9) | (10.1) | 11.6 | 10.9 | 3.1 | (5.6) | 5.4 | 0.8 | 2.5 |
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.