FCEPL Frieslandcampina Engro Pakistan Limited
Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 133.39 -0.04%
Annual · FY2006 – FY2025
Frieslandcampina Engro Pakistan Limited (FCEPL) cash flow statement
Operating activities generated Rs 2.5 bn of cash in FY2025 (Jan – Dec 2025), down 17.4% on FY2024, 37% of the starting profit. Capital expenditure was Rs 2.6 bn, leaving free cash flow of -Rs 123.9 mn. Dividends paid to shareholders came to Rs 2.1 bn. Overall, cash decreased by Rs 1.9 bn.
| 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) | 6,753.1 | 3,575.4 | 2,990.4 | 3,951.0 | 2,580.4 | 267.7 | (1,100.4) | (170.3) | 563.0 | 3,517.8 | 4,294.0 | 494.4 | 1,174.1 | 3,920.8 | 1,362.7 | 270.1 | — | — | — | — |
| Depreciation & amortisation | 2,337.0 | 2,197.8 | 1,939.7 | 1,743.8 | 2,294.5 | 2,261.8 | 2,270.3 | 1,946.0 | 1,918.4 | 1,957.3 | 2,028.0 | 1,899.1 | 1,511.8 | 1,247.8 | 963.4 | 714.5 | — | — | — | — |
| Net cash from operating activities | 2,491.4 | 3,014.4 | 3,369.9 | 6,282.4 | 3,682.6 | 1,933.7 | 1,522.1 | 1,230.8 | 4,515.7 | 5,121.5 | 4,517.0 | 786.2 | 2,356.0 | 3,213.6 | 1,079.5 | 156.3 | — | — | — | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | (2,615.3) | (3,239.6) | (2,655.8) | (1,778.5) | (1,146.9) | (1,594.5) | (1,158.1) | (1,340.3) | (1,180.8) | (1,385.8) | (974.4) | (2,530.1) | (5,271.9) | (2,626.8) | (3,435.7) | (2,227.8) | — | — | — | — |
| Net cash from investing activities | (1,958.7) | (2,281.0) | (2,162.4) | (1,504.7) | (883.9) | (1,315.7) | (838.4) | (1,112.8) | (900.7) | (1,188.1) | (790.0) | (2,555.7) | (5,416.3) | (3,379.3) | (3,335.0) | (2,972.2) | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | (2,144.5) | (0.1) | (0.1) | (0.1) | (1.6) | (0.2) | (0.6) | (306.3) | (7,656.9) | — | — | — | — | — | — | — | — | — | — | — |
| Borrowings raised / (repaid) | (241.1) | (1,420.1) | (1,953.4) | (2,836.2) | (1,484.4) | 1,702.9 | (457.4) | (651.8) | 2,263.7 | (3,175.9) | (1,721.9) | (1,081.9) | 442.5 | 1,631.3 | 1,246.8 | 1,378.4 | — | — | — | — |
| Net cash from financing activities | (2,385.6) | (1,420.2) | (1,953.5) | (2,836.3) | (1,485.9) | 1,702.7 | (458.1) | (958.1) | (5,393.3) | (3,175.9) | (1,721.9) | (1,081.9) | 546.6 | 1,818.5 | 2,473.8 | 2,955.4 | — | — | — | — |
| Net change in cash | (1,853.0) | (686.9) | (746.1) | 1,941.4 | 1,312.7 | 2,320.7 | 225.6 | (840.1) | (1,773.6) | 758.5 | 2,014.3 | (2,862.3) | (2,513.7) | 1,652.9 | 218.3 | 139.5 | — | — | — | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (123.9) | (225.3) | 714.1 | 4,503.9 | 2,535.7 | 339.3 | 364.0 | (109.5) | 3,334.9 | 3,735.7 | 3,542.6 | (1,743.9) | (2,915.9) | 586.9 | (2,356.2) | (2,071.5) | — | — | — | — |
| 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) | +88.9% | +19.6% | -24.3% | +53.1% | +864.0% | — | — | -130.3% | -84.0% | -18.1% | +768.6% | -57.9% | -70.1% | +187.7% | +404.5% | — | — | — | — | — |
| Depreciation & amortisation | +6.3% | +13.3% | +11.2% | -24.0% | +1.4% | -0.4% | +16.7% | +1.4% | -2.0% | -3.5% | +6.8% | +25.6% | +21.2% | +29.5% | +34.8% | — | — | — | — | — |
| Net cash from operating activities | -17.4% | -10.5% | -46.4% | +70.6% | +90.4% | +27.0% | +23.7% | -72.7% | -11.8% | +13.4% | +474.5% | -66.6% | -26.7% | +197.7% | +590.9% | — | — | — | — | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | -19.3% | +22.0% | +49.3% | +55.1% | -28.1% | +37.7% | -13.6% | +13.5% | -14.8% | +42.2% | -61.5% | -52.0% | +100.7% | -23.5% | +54.2% | — | — | — | — | — |
| Net cash from investing activities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | +2,023,033.0% | -1.9% | +77.0% | -96.1% | +598.2% | -63.9% | -99.8% | -96.0% | — | — | — | — | — | — | — | — | — | — | — | — |
| Borrowings raised / (repaid) | — | — | — | — | -187.2% | — | — | -128.8% | — | — | — | -344.5% | -72.9% | +30.8% | -9.6% | — | — | — | — | — |
| Net cash from financing activities | — | — | — | — | -187.3% | — | — | — | — | — | — | -297.9% | -69.9% | -26.5% | -16.3% | — | — | — | — | — |
| Net change in cash | — | — | -138.4% | +47.9% | -43.4% | +928.6% | — | — | -333.8% | -62.3% | — | — | -252.1% | +657.2% | +56.5% | — | — | — | — | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | -131.5% | -84.1% | +77.6% | +647.4% | -6.8% | — | -103.3% | -10.7% | +5.4% | — | — | -596.9% | — | — | — | — | — | — | — |
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 57
| 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 | 6.8 | 3.6 | 3.0 | 4.0 | 2.6 | 0.3 | (1.1) | (0.2) | 0.6 | 3.5 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 2.7 | 4.9 | 3.8 | 2.3 | 2.7 | 3.2 | 3.4 | 2.3 | 2.3 | 2.6 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | (0.7) | (0.5) | (1.3) | (0.8) | (0.4) | (0.3) | (0.3) | (0.4) | (0.2) | 0.2 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 1.0 | 3.1 | 3.1 | 1.3 | 0.9 | 1.2 | 1.2 | 0.7 | 0.5 | 0.3 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 2.5 | 2.4 | 2.0 | 1.9 | 2.3 | 2.3 | 2.4 | 2.0 | 2.0 | 2.1 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 2.3 | 2.2 | 1.9 | 1.7 | 2.3 | 2.2 | 2.2 | 1.9 | 1.9 | 1.9 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (0.1) | (0.0) | (0.1) | (0.1) | (0.1) | (0.1) | 0.0 | (0.0) | (0.0) | (0.1) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 2.3 | 1.8 | 1.6 | 0.4 | 0.6 | 0.5 | 0.7 | 0.8 | 0.9 | 1.2 |
| Interest Paid - Cash | 1.4 | 3.3 | 2.5 | 1.2 | 0.7 | 1.3 | 1.0 | 0.6 | 0.5 | 0.4 |
| Interest & Dividends - Received - Total - Cash Flow | 0.2 | 0.2 | 0.0 | 0.1 | — | — | — | — | — | — |
| Cash Flow from Operating Activities before Changes in Working Capital | 6.0 | 3.5 | 2.6 | 4.8 | 3.9 | 1.6 | 0.6 | 0.7 | 1.5 | 4.5 |
| Working Capital - Increase/(Decrease) - Cash Flow | (3.5) | (0.4) | 0.7 | 1.5 | (0.2) | 0.3 | 0.9 | 0.5 | 3.0 | 0.6 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 2.9 | 1.8 | (2.0) | (2.9) | (1.4) | 0.3 | (0.5) | (0.3) | 0.4 | 1.5 |
| Inventories - Decrease/(Increase) - Cash Flow | (0.5) | 0.5 | (3.9) | (3.2) | (1.2) | 0.2 | (0.6) | (0.4) | 1.1 | (0.8) |
| Other Assets - Decrease/(Increase) - Cash Flow | 0.2 | (0.4) | 0.3 | (0.1) | (0.3) | 0.0 | 0.0 | (0.1) | (0.0) | (0.0) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 4.0 | (0.4) | 1.6 | 7.1 | 2.7 | (0.3) | 1.8 | 1.3 | 1.5 | (0.1) |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | (10.1) | (2.0) | 4.7 | 0.7 | (0.1) | 0.1 | 0.1 | — | — | — |
| Net Cash Flow from Operating Activities | 2.5 | 3.0 | 3.4 | 6.3 | 3.7 | 1.9 | 1.5 | 1.2 | 4.5 | 5.1 |
| Capital Expenditures - Net - Cash Flow | 1.9 | 2.2 | 2.2 | 1.5 | 0.9 | 1.3 | 0.8 | 1.1 | 0.9 | 1.2 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 1.9 | 2.2 | 2.1 | 1.5 | 0.9 | 1.3 | 0.8 | 1.0 | 0.9 | 1.2 |
| Property, Plant & Equipment - Purchased - Cash Flow | 2.6 | 3.2 | 2.6 | 1.8 | 1.1 | 1.6 | 1.1 | 1.3 | 1.2 | 1.4 |
| Property, Plant & Equipment Sold - Cash Flow | 0.7 | 1.0 | 0.5 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 |
| Intangible Assets - Purchased/Acquired - Cash Flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 |
| Capital Expenditures - Total | 2.6 | 3.2 | 2.7 | 1.8 | 1.1 | 1.6 | 1.2 | 1.3 | 1.2 | 1.4 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | (0.1) | (0.1) | — | — | — | — | — | — | — | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | (0.1) | (0.1) | — | — | — | — | — | — | — | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | 0.1 | 0.1 | — | — | — | — | — | — | — | — |
| Net Cash Flow from Investing Activities | (2.0) | (2.3) | (2.2) | (1.5) | (0.9) | (1.3) | (0.8) | (1.1) | (0.9) | (1.2) |
| Dividends Paid - Cash - Total - Cash Flow | 2.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 7.7 | — |
| Dividends - Common - Cash Paid | 2.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 7.7 | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (0.2) | (1.4) | (2.0) | (2.8) | (1.5) | 1.7 | (0.5) | (0.7) | 2.3 | (3.2) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 0.1 | (0.1) | 0.1 | — | — | — | — | — | — | — |
| Debt - Issued - Short-Term - Cash Flow | 0.1 | — | 0.1 | — | — | — | — | — | — | — |
| Debt - Reduced - Short-Term - Cash Flow | — | 0.1 | — | — | — | — | — | — | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (0.4) | (1.3) | (2.1) | (2.8) | (1.5) | 1.7 | (0.5) | (0.7) | 2.3 | (3.2) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (1.0) | (0.9) | (0.5) | (0.4) | (0.3) | — | (0.5) | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | 0.7 | 0.3 | — | — | 0.0 | 2.0 | — | 0.0 | 4.0 | — |
| Debt - Reduced - Long-Term - Cash Flow | 1.0 | 1.7 | 2.1 | 2.8 | 1.5 | 0.3 | 0.5 | 0.7 | 1.7 | 3.2 |
| 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 | 1.0 | 0.9 | 0.5 | 0.4 | 0.3 | — | 0.5 | — | — | — |
| Net Cash Flow from Financing Activities | (2.4) | (1.4) | (2.0) | (2.8) | (1.5) | 1.7 | (0.5) | (1.0) | (5.4) | (3.2) |
| Foreign Exchange Effects - Cash Flow | — | — | — | — | — | — | — | 0.0 | 0.0 | 0.0 |
| Net Change in Cash - Total | (1.9) | (0.7) | (0.7) | 1.9 | 1.3 | 2.3 | 0.2 | (0.8) | (1.8) | 0.8 |
| Net Cash from Continuing Operations | (1.9) | (0.7) | (0.7) | 1.9 | 1.3 | 2.3 | 0.2 | (0.8) | (1.8) | 0.8 |
| Net Cash - Beginning Balance | 2.4 | 3.1 | 3.8 | 1.9 | 0.6 | (1.8) | (2.0) | (1.1) | 0.6 | (0.1) |
| Net Cash - Ending Balance | 0.5 | 2.4 | 3.1 | 3.8 | 1.9 | 0.6 | (1.8) | (2.0) | (1.1) | 0.6 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 2.3 | 1.8 | 1.6 | 0.4 | 0.6 | 0.5 | 0.7 | 0.8 | 0.9 | 1.2 |
| Interest Paid - Cash Flow - Supplemental | 1.4 | 3.3 | 2.5 | 1.2 | 0.7 | 1.3 | 1.0 | 0.6 | 0.5 | 0.4 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 0.2 | 0.2 | 0.0 | 0.1 | — | — | — | — | — | — |
| CF from Optg Activities before Change in WC & Int Payments | 7.4 | 6.8 | 5.2 | 5.9 | 4.6 | 3.0 | 1.6 | 1.3 | 2.0 | 4.9 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | (0.3) | (0.5) | 0.7 | 0.7 | (0.1) | 0.1 | 0.1 | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 2.3 | 2.2 | 1.9 | 1.7 | 2.3 | 2.3 | 2.3 | 1.9 | 1.9 | 2.0 |
| Free Cash Flow to Equity | 0.4 | (0.6) | (0.7) | 1.9 | 1.3 | 2.3 | 0.2 | (0.5) | 5.9 | 0.8 |
| Free Cash Flow Net of Dividends | (2.3) | (0.2) | 0.7 | 4.5 | 2.5 | 0.3 | 0.4 | (0.4) | (4.3) | 3.7 |
| Free Cash Flow | (0.1) | (0.2) | 0.7 | 4.5 | 2.5 | 0.3 | 0.4 | (0.1) | 3.3 | 3.7 |
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.