First Capital Securities Corporation (FCSC) cash flow statement

Operating activities generated Rs 138.2 mn of cash in FY2026 (Jul 2025 – Jun 2026). Overall, cash decreased by Rs 33.0 mn.

FCSC cash flow statement (annual) (Rs mn)
Rs mn	FY2026 * Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 * Jul 2022 – Jun 2023	FY2022 * Jul 2021 – Jun 2022	FY2021 * Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 * Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 * Jul 2013 – Jun 2014	FY2013 * Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Net cash from operating activities	138.2	—	215.9	(288.2)	497.3	33.7	(59.0)	(856.0)	1,245.6	308.9	36.8	104.2	365.4	(364.3)	(1,495.8)	168.7	(351.1)	(535.5)	2,157.2	44.4
Net cash from investing activities	65.8	—	(88.1)	57.3	(328.5)	(184.4)	202.3	98.4	(1,124.9)	136.3	(32.5)	(113.4)	289.5	181.5	432.2	(69.4)	(1,156.3)	(240.7)	(1,414.6)	(139.4)
Dividends paid	—	—	—	—	—	—	—	—	—	—	(3.4)	(17.0)	—	—	—	—	—	—	—	—
Net cash from financing activities	(267.8)	—	(97.4)	5.6	(69.6)	192.9	(156.8)	664.6	(90.9)	(445.2)	59.7	(121.9)	(735.5)	138.1	791.3	(87.3)	1,857.1	21.2	30.8	73.0
Net change in cash	(33.0)	—	20.8	(24.4)	15.5	2.9	(13.4)	(93.0)	29.8	(0.0)	49.7	(129.4)	(80.1)	(44.7)	(272.3)	11.8	350.1	(753.3)	773.1	(22.0)

FCSC cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2026 * Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 * Jul 2022 – Jun 2023	FY2022 * Jul 2021 – Jun 2022	FY2021 * Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 * Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 * Jul 2013 – Jun 2014	FY2013 * Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Net cash from operating activities	—	—	—	-157.9%	+1,376.2%	—	—	-168.7%	+303.3%	+739.3%	-64.7%	-71.5%	—	—	-986.5%	—	—	-124.8%	+4,756.4%	—
Net cash from investing activities	—	—	-253.7%	—	—	-191.1%	+105.5%	—	-925.2%	—	—	-139.2%	+59.5%	-58.0%	—	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	-79.8%	—	—	—	—	—	—	—	—	—
Net cash from financing activities	—	—	-1,851.1%	—	-136.1%	—	-123.6%	—	—	-846.1%	—	—	-632.5%	-82.5%	—	-104.7%	+8,654.0%	-31.1%	-57.8%	—
Net change in cash	—	—	—	-257.5%	+440.4%	—	—	-411.6%	—	-100.0%	—	—	—	—	-2,398.6%	-96.6%	—	-197.4%	—	—

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 75

FCSC cash flow statement — all reported line items (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Profit/(Loss) - Starting Line - Cash Flow	2,172.6	—	20.5	(8.8)	316.1	328.2	(275.3)	(96.1)	(95.6)	235.0	69.5	(232.7)	(749.3)	(268.8)	(658.1)	(172.2)	(135.3)	(846.3)	1,510.9	1,280.0
Non-cash Items & Reconciliation Adjustments - Cash Flow	(1,583.1)	—	254.2	(119.5)	(37.5)	76.9	244.6	11.8	(29.0)	(285.4)	(77.7)	230.1	762.2	508.9	1,261.9	762.9	607.3	1,398.1	149.2	(1,011.5)
Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile	(59.9)	—	107.8	53.0	55.8	42.2	26.2	35.3	17.8	24.1	10.3	41.3	120.5	18.2	193.7	128.3	(10.4)	(81.6)	(59.7)	(98.9)
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	528.8	—	(9.1)	(237.4)	12.0	(88.2)	40.4	9.8	(265.6)	(157.5)	(261.8)	(20.5)	187.6	39.9	956.0	83.1	83.7	230.3	49.6	(59.7)
Financial Income/(Expense) - Cash Flow - to Reconcile	252.5	—	450.0	385.2	293.8	241.5	282.2	190.8	(28.2)	3.5	181.1	223.7	272.0	369.3	410.3	299.8	388.4	289.6	67.1	28.1
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	63.8	—	37.1	7.3	10.5	8.4	9.7	23.1	26.7	30.2	33.1	40.9	45.6	139.9	424.9	72.1	69.9	71.5	59.4	38.8
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	63.6	—	37.1	7.3	10.2	8.1	9.4	22.9	26.4	30.2	33.1	40.9	45.6	139.4	64.0	71.8	69.6	71.2	59.4	38.8
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	0.2	—	0.0	0.1	0.3	0.3	0.3	0.3	0.3	—	—	—	—	0.5	52.0	0.3	0.3	0.3	0.0	0.0
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile	0.0	—	—	—	—	—	—	—	—	—	—	0.0	—	—	308.9	0.0	—	—	—	—
Impairment - Financial Fixed Assets - Operating - Cash Flow - to Reconcile	—	—	—	—	—	—	—	6.5	—	—	—	—	—	—	—	—	—	—	—	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(22.1)	—	(8.9)	(11.6)	(14.8)	(2.3)	(4.2)	(16.1)	(45.4)	(31.0)	(42.7)	(3.6)	148.4	21.0	(254.6)	(4.7)	(1.3)	(20.2)	(1.7)	(2.6)
Property, Plant & Equipment including Intangible Assets - Gain/(Loss) - Cash Flow	(16.4)	—	(8.9)	(11.6)	(14.8)	0.0	(2.1)	(12.5)	(46.2)	9.2	(42.7)	(3.6)	(2.6)	(29.0)	(18.4)	(4.7)	(1.3)	(20.2)	(1.7)	(2.6)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	(105.9)	—	16.1	22.2	110.8	(124.6)	(9.7)	63.0	60.0	(18.5)	(1.1)	(28.5)	(9.0)	(58.3)	(3.2)	184.3	77.0	908.6	34.5	(917.2)
Investment & Trading Property - Realized Gain/(Loss) - Cash Flow - to Reconcile	(5.7)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	245.6	—	65.3	41.3	65.0	0.4	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Gain/(Loss) - Cash Flow	—	—	0.0	0.1	(0.0)	(2.3)	(2.1)	(3.6)	0.8	(40.2)	—	—	151.1	50.0	(236.1)	0.0	—	—	—	—
Interest Paid - Cash	10.3	—	73.1	3.4	2.9	189.4	18.1	8.6	1.8	9.6	171.1	120.2	8.0	319.8	928.4	168.7	529.8	765.4	431.1	228.9
Interest & Dividends - Received - Total - Cash Flow	5.5	—	—	0.0	62.6	44.4	25.8	24.2	57.4	17.0	17.3	59.8	101.4	8.9	0.0	105.3	137.4	515.2	325.3	115.9
Cash Flow from Operating Activities before Changes in Working Capital	339.1	—	136.3	(173.0)	273.3	259.7	(23.0)	(68.7)	(69.0)	(42.9)	(162.0)	(63.0)	106.2	(70.8)	(324.6)	527.3	79.5	301.7	1,554.3	155.5
Investment Property - Unrealized Gain/(Loss) - Cash Flow	(2,240.4)	—	(338.7)	(338.2)	(505.6)	0.0	(100.0)	(300.6)	205.7	(136.3)	3.4	(23.2)	(2.9)	(21.0)	(465.3)	0.0	—	—	—	—
Working Capital - Increase/(Decrease) - Cash Flow	(200.9)	—	79.5	(115.2)	224.0	(226.0)	(35.9)	(787.3)	1,314.6	351.8	198.8	167.2	259.2	(293.5)	(1,171.2)	(358.6)	(430.6)	(837.2)	602.9	(111.1)
Accounts Receivables - Decrease/(Increase) - Cash Flow	434.7	—	146.0	(394.3)	417.6	103.2	(276.2)	(144.6)	567.5	344.7	347.6	178.9	(125.0)	(77.0)	(101.3)	(508.6)	164.1	(344.9)	(2,323.6)	(418.6)
Prepaid Expenses - Decrease/(Increase) - Cash Flow	(0.1)	—	(1.6)	(0.1)	(0.0)	(0.1)	—	—	—	0.0	(0.0)	(0.1)	(22.2)	2.0	4.7	3.2	(2.3)	5.0	(4.1)	(1.7)
Other Assets - Decrease/(Increase) - Cash Flow	—	—	—	0.0	0.0	1.0	0.1	94.8	(61.4)	(41.0)	6.0	(22.8)	(12.8)	3.4	222.3	500.6	1,127.5	127.3	144.8	(702.2)
Investment Securities - Decrease/(Increase) - Operating - Cash Flow	(40.4)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	(489.7)	—	(64.9)	279.3	(193.6)	(330.1)	240.1	(737.1)	817.7	38.9	(158.2)	(79.1)	109.9	(198.2)	(283.0)	(314.4)	645.1	(97.4)	113.4	(74.0)
Investment Securities - Sold/Matured - Operating - Cash Flow	(40.4)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	(105.4)	—	—	—	—	—	0.0	(0.5)	(9.3)	9.1	3.4	90.3	309.4	(23.8)	(1,014.0)	(39.4)	(2,365.1)	(527.2)	2,672.3	1,085.5
Net Cash Flow from Operating Activities	138.2	—	215.9	(288.2)	497.3	33.7	(59.0)	(856.0)	1,245.6	308.9	36.8	104.2	365.4	(364.3)	(1,495.8)	168.7	(351.1)	(535.5)	2,157.2	44.4
Capital Expenditures - Net - Cash Flow	(134.1)	—	74.8	5.0	10.6	5.5	(0.6)	(30.7)	(87.7)	(154.8)	(10.2)	(3.1)	5.2	(14.6)	(27.5)	20.4	35.5	(190.9)	424.9	208.0
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	(134.8)	—	74.8	5.0	10.6	5.5	(0.6)	(30.7)	(74.8)	(154.8)	(10.2)	(3.1)	5.2	(14.6)	(27.5)	20.4	35.5	(192.3)	424.9	208.0
Property, Plant & Equipment - Purchased - Cash Flow	38.4	—	91.3	16.7	12.9	5.5	0.1	0.7	5.2	202.0	107.4	1.3	11.0	0.1	0.0	27.1	40.2	229.6	447.7	217.3
Property, Plant & Equipment Sold - Cash Flow	173.2	—	16.5	11.6	2.3	0.0	0.7	31.4	80.0	356.8	117.6	4.4	5.7	14.6	27.5	6.7	4.7	421.9	22.8	9.3
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	0.8	—	—	—	—	—	—	0.0	(12.9)	—	—	—	—	—	—	—	0.0	1.4	0.0	—
Intangible Assets - Purchased/Acquired - Cash Flow	0.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	1.4	0.0	—
Intangible Assets - Net - Cash Flow	—	—	—	—	—	—	—	0.0	(12.9)	—	—	—	—	—	—	—	—	—	—	—
Capital Expenditures - Total	39.1	—	91.3	16.7	12.9	5.5	0.1	0.7	5.2	202.0	107.4	1.3	11.0	0.1	0.0	27.1	40.2	231.0	447.7	217.3
Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow	(452.9)	—	—	—	0.0	0.0	—	—	—	—	—	—	144.7	124.6	3.1	0.0	0.0	0.7	0.0	—
Acquisition of Business - Cash Flow	452.9	—	—	—	—	—	—	—	—	—	—	—	14.7	3.7	—	—	—	—	—	—
Business - Sold - Cash Flow	—	—	—	—	0.0	0.0	—	—	—	—	—	—	159.4	128.2	—	—	0.0	0.7	0.0	—
Investments excluding Loans - Decrease/(Increase) - Cash Flow	346.7	—	3.9	72.4	(342.3)	(144.0)	202.1	71.0	(1,245.2)	(18.5)	(42.7)	(116.5)	150.0	42.3	(40.0)	(48.7)	(1,078.6)	(413.6)	(684.7)	62.9
Investment Property excluded from Capital Expenditures - Sold/(Purchased) - Net - Cash Flow	177.2	—	0.0	(11.0)	(854.3)	0.0	137.9	—	—	—	—	—	0.0	17.9	0.3	(35.8)	(466.3)	(240.6)	(307.0)	96.0
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	169.5	—	3.9	83.4	512.0	(144.0)	64.3	71.0	(1,245.2)	(18.5)	(42.7)	(116.5)	150.0	24.4	(40.3)	(12.9)	(612.4)	(172.9)	(377.7)	(33.2)
Investment Securities - Sold/Matured - Unclassified - Cash Flow	—	—	3.9	83.4	609.0	—	—	—	—	—	—	—	—	34.7	—	—	—	—	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	—	—	—	—	97.0	—	—	—	—	—	—	—	—	10.3	—	—	—	—	—	33.2
Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow	(29.9)	—	—	—	(1.0)	(10.0)	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	67.8	—	(17.2)	(10.1)	25.4	(24.9)	(0.4)	(3.2)	32.7	—	—	—	—	0.0	441.5	(0.3)	(42.2)	(18.7)	(305.0)	5.7
Net Cash Flow from Investing Activities	65.8	—	(88.1)	57.3	(328.5)	(184.4)	202.3	98.4	(1,124.9)	136.3	(32.5)	(113.4)	289.5	181.5	432.2	(69.4)	(1,156.3)	(240.7)	(1,414.6)	(139.4)
Dividends Paid - Cash - Total - Cash Flow	—	—	—	—	—	—	—	—	—	—	3.4	17.0	—	—	—	—	—	—	—	—
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	—	10.0	—	—	—	—	—	—	0.0	55.7	88.1
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	—	—	—	—	—	—	—	—	—	—	10.0	—	—	—	—	—	—	0.0	55.7	88.1
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	—	10.0	—	—	—	—	—	—	0.0	55.7	88.1
Stock - Common - Issued/Sold - Cash Flow	—	—	—	—	—	—	—	—	—	—	10.0	—	—	—	—	—	—	0.0	55.7	88.1
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(89.4)	—	(55.6)	5.6	(14.8)	192.9	(156.8)	664.6	(90.9)	(445.2)	54.4	(103.6)	(735.5)	138.1	809.8	(29.2)	1,893.4	31.0	(17.5)	(13.2)
Debt - Issued/Reduced - Long-Term - Cash Flow	(89.4)	—	(55.6)	5.6	(14.8)	192.9	(156.8)	664.6	(90.9)	(445.2)	54.4	(103.6)	(735.5)	138.1	809.8	(29.2)	1,893.4	31.0	(17.5)	(13.2)
Lease liabilities - Issued/(Reduced) - Cash Flow	(23.8)	—	—	—	—	—	—	—	0.0	(4.4)	(3.7)	(7.1)	(19.3)	4.8	1.5	(14.2)	—	(16.0)	(9.2)	(8.2)
Debt - Issued - Long-Term - Cash Flow	—	—	—	5.6	—	192.9	—	—	—	—	—	—	—	—	—	—	1,900.2	—	—	—
Debt - Reduced - Long-Term - Cash Flow	89.4	—	55.6	—	14.8	—	—	—	—	—	—	—	—	—	—	—	6.8	—	—	—
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	23.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Financing Cash Flow - Increase/(Decrease)	(178.4)	—	(41.8)	0.0	(54.8)	—	—	—	—	—	(1.3)	(1.3)	—	—	(18.5)	(58.1)	(36.3)	(9.8)	(7.4)	(1.8)
Net Cash Flow from Financing Activities	(267.8)	—	(97.4)	5.6	(69.6)	192.9	(156.8)	664.6	(90.9)	(445.2)	59.7	(121.9)	(735.5)	138.1	791.3	(87.3)	1,857.1	21.2	30.8	73.0
Foreign Exchange Effects - Cash Flow	30.7	—	(9.6)	200.9	(83.7)	(39.3)	—	—	—	—	(14.3)	1.8	0.5	—	0.0	(0.2)	0.5	1.6	(0.3)	(0.0)
Net Change in Cash - Total	(33.0)	—	20.8	(24.4)	15.5	2.9	(13.4)	(93.0)	29.8	(0.0)	49.7	(129.4)	(80.1)	(44.7)	(272.3)	11.8	350.1	(753.3)	773.1	(22.0)
Net Cash from Continuing Operations	(33.0)	—	20.8	(24.4)	15.5	2.9	(13.4)	(93.0)	29.8	(0.0)	49.7	(129.4)	(80.1)	(44.7)	(272.3)	11.8	350.1	(753.3)	773.1	(22.0)
Net Cash - Beginning Balance	98.6	—	41.9	66.3	50.8	48.0	61.4	154.4	124.5	124.5	74.8	204.2	284.3	329.1	602.0	590.2	240.1	993.4	220.8	308.5
Net Cash - Ending Balance	65.6	—	62.7	41.9	66.3	50.8	48.0	61.4	154.4	124.5	124.5	74.8	204.2	284.3	329.7	602.0	590.2	240.1	993.9	286.5
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	245.6	—	65.3	41.3	65.0	0.4	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Paid - Cash Flow - Supplemental	10.3	—	73.1	3.4	2.9	189.4	18.1	8.6	1.8	9.6	171.1	120.2	8.0	319.8	872.8	121.3	449.3	725.6	320.5	142.3
Interest & Dividends - Received - Cash Flow - Supplemental	5.5	—	—	0.0	62.6	44.4	25.8	24.2	57.4	17.0	17.3	59.8	101.4	8.9	0.0	105.3	137.4	515.2	325.3	115.9
CF from Optg Activities before Change in WC & Int Payments	349.4	—	209.4	(169.6)	276.2	449.1	(4.9)	(60.1)	(67.1)	(33.3)	9.1	57.2	114.3	249.0	603.8	696.1	609.3	1,067.0	1,985.4	384.4
Common Stock Buyback - Net	—	—	—	—	—	—	—	—	—	—	(10.0)	—	—	—	—	—	—	0.0	(55.7)	(88.1)
Depreciation, Depletion & Amortization - Cash Flow	63.8	—	37.1	7.3	10.5	8.4	9.7	23.1	26.7	30.2	33.1	40.9	45.6	139.9	115.9	72.1	69.9	71.5	59.4	38.8
Free Cash Flow to Equity	182.9	—	85.5	(287.6)	471.9	221.1	(215.1)	(160.7)	1,242.4	18.5	101.4	3.7	(375.3)	(211.6)	(658.4)	119.1	1,506.8	(313.6)	1,714.8	(176.8)
Free Cash Flow Net of Dividends	99.1	—	124.6	(304.8)	484.5	28.2	(59.0)	(856.7)	1,240.5	106.9	(74.0)	85.9	354.4	(364.4)	(1,495.8)	141.6	(391.3)	(766.5)	1,709.5	(172.9)
Free Cash Flow	99.1	—	124.6	(304.8)	484.5	28.2	(59.0)	(856.7)	1,240.5	106.9	(70.6)	102.9	354.4	(364.4)	(1,495.8)	141.6	(391.3)	(766.5)	1,709.5	(172.9)

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