Last close · 16 Oct 2026
Rs 11.98 +0.34%
Quarterly · Q4 FY2021 – Q3 FY2026
First Equity Modaraba (FEM) quarterly cash flow statement
Operating activities generated Rs 10.9 mn of cash in Q3 FY2026 (Jan – Mar 2026). Overall, cash increased by Rs 5.3 mn.
| Rs mn | TTM to Mar 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 | Q4 FY2021 Apr – Jun 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 65.6 | 10.9 | 40.2 | (7.1) | 21.6 | (12.4) | 10.2 | (4.3) | 26.0 | (2.2) | (8.2) | (13.8) | 19.1 | 9.7 | (19.4) | (1.5) | (67.5) | (23.3) | 8.9 | (35.5) | 90.3 |
| Net cash from investing activities | (17.2) | (5.6) | (16.9) | 9.3 | (4.0) | 3.7 | 7.1 | 3.0 | (48.2) | 12.5 | 8.1 | 12.2 | (34.3) | (0.1) | 18.0 | 1.2 | (14.0) | 3.8 | 4.4 | (29.2) | (142.9) |
| Net cash from financing activities | — | — | — | — | (18.1) | — | — | — | (8.3) | — | — | — | (53.2) | — | — | — | 130.5 | — | — | — | 100.3 |
| Net change in cash | 30.3 | 5.3 | 23.3 | 2.2 | (0.5) | (8.7) | 17.3 | (1.3) | (30.5) | 10.3 | (0.1) | (1.6) | (68.5) | 9.5 | (1.4) | (0.2) | 49.0 | (19.5) | 13.3 | (64.7) | 47.7 |
| Rs mn | 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 | Q4 FY2021 Apr – Jun 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | — | +293.9% | — | -17.2% | — | — | — | +36.6% | -122.9% | — | — | — | — | -317.7% | — | -174.8% | — | -3.8% | -195.6% | -62.3% |
| Net cash from investing activities | -253.4% | -338.0% | +208.3% | — | -70.8% | -11.8% | -75.3% | — | — | -55.2% | +896.2% | — | -103.9% | +311.4% | — | — | +467.7% | — | — | — |
| Net cash from financing activities | — | — | — | — | — | — | — | — | — | — | — | -140.8% | — | — | — | +30.1% | — | — | — | — |
| Net change in cash | — | +34.5% | — | — | -184.4% | — | — | — | +8.5% | — | — | -239.9% | — | -110.9% | — | +2.6% | — | — | -670.7% | -45.9% |
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 47
| Rs mn | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (0.2) | 18.3 | (1.7) | (253.9) | (5.2) | 6.4 | (3.0) | (501.4) | (4.6) | 0.1 | (4.5) | (290.2) |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | (1.5) | (6.9) | 0.2 | 134.5 | 0.2 | (3.4) | 0.2 | 289.2 | 0.2 | (3.2) | (0.2) | 168.6 |
| Income Tax Expense - Cash Flow - to Reconcile | — | — | — | — | — | — | — | 51.3 | — | — | — | (27.4) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 0.5 | (0.5) | 0.0 | 5.4 | 0.0 | 0.4 | — | 1.6 | — | — | — | 1.2 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | (2.2) | (6.7) | (0.0) | 23.4 | (0.0) | (4.0) | (0.1) | 114.6 | (0.0) | (3.4) | (0.4) | 62.4 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 0.2 | 0.2 | 0.2 | 112.7 | 0.2 | 0.2 | 0.2 | 121.6 | 0.2 | 0.2 | 0.2 | 132.9 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 0.2 | 0.2 | 0.2 | 111.9 | 0.2 | 0.2 | 0.2 | 120.9 | 0.2 | 0.2 | 0.2 | 132.5 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | — | — | — | 0.8 | — | — | — | 0.7 | — | — | — | 0.4 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | — | — | — | (7.0) | — | — | — | 0.0 | — | — | — | (0.5) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 0.9 | 1.1 | 0.1 | 10.0 | 1.0 | 0.6 | 0.2 | 72.6 | (0.6) | 0.5 | 0.1 | 39.7 |
| Interest Paid - Cash | — | — | — | 25.7 | — | — | — | 102.5 | — | — | — | 65.0 |
| Interest & Dividends - Received - Total - Cash Flow | 2.2 | 6.7 | 0.0 | 0.0 | — | — | — | 1.3 | 0.0 | 3.4 | 0.4 | 0.1 |
| Cash Flow from Operating Activities before Changes in Working Capital | (0.4) | 17.0 | (1.6) | (155.1) | (5.9) | 2.4 | (3.1) | (386.0) | (3.9) | (0.2) | (4.4) | (226.2) |
| Working Capital - Increase/(Decrease) - Cash Flow | 11.3 | 23.3 | (5.5) | 176.7 | (6.4) | 7.8 | (1.2) | 412.1 | 1.7 | (8.0) | (9.4) | 245.3 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 4.0 | 7.2 | (7.4) | 132.3 | 13.1 | (4.7) | (0.7) | 314.7 | 1.2 | (4.8) | (11.3) | 382.5 |
| Inventories - Decrease/(Increase) - Cash Flow | — | — | — | 300.7 | — | — | — | 227.8 | — | — | — | 6.8 |
| Other Assets - Decrease/(Increase) - Cash Flow | 0.3 | 0.2 | (0.3) | 69.9 | (1.1) | (0.8) | 0.0 | (9.8) | 0.1 | 0.2 | (0.3) | (17.2) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 7.0 | 15.9 | 2.3 | (168.6) | (18.4) | 13.3 | (0.5) | (238.7) | 0.3 | (3.5) | 2.2 | 5.8 |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | — | — | — | (157.6) | — | — | — | 118.0 | — | — | — | (132.6) |
| Net Cash Flow from Operating Activities | 10.9 | 40.2 | (7.1) | 21.6 | (12.4) | 10.2 | (4.3) | 26.0 | (2.2) | (8.2) | (13.8) | 19.1 |
| Capital Expenditures - Net - Cash Flow | 0.1 | 0.4 | — | 16.3 | 0.0 | 0.0 | 0.1 | 49.9 | 0.0 | 0.0 | 0.0 | 33.1 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 0.1 | 0.4 | — | 16.3 | 0.0 | 0.0 | 0.1 | 44.4 | 0.0 | 0.0 | 0.0 | 33.1 |
| Property, Plant & Equipment - Purchased - Cash Flow | 0.1 | 0.4 | — | 25.3 | 0.0 | 0.0 | 0.1 | 44.4 | 0.0 | 0.0 | 0.0 | 33.7 |
| Property, Plant & Equipment Sold - Cash Flow | — | — | — | 9.0 | — | — | — | 0.0 | — | — | — | 0.6 |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | — | — | — | — | — | — | — | 5.5 | — | — | — | — |
| Intangible Assets - Purchased/Acquired - Cash Flow | — | — | — | — | — | — | — | 5.5 | — | — | — | — |
| Capital Expenditures - Total | 0.1 | 0.4 | — | 25.3 | 0.0 | 0.0 | 0.1 | 49.9 | 0.0 | 0.0 | 0.0 | 33.7 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | (5.5) | (16.5) | 9.3 | 5.3 | 3.7 | 3.1 | 3.1 | 1.1 | 12.5 | 8.1 | 12.3 | (1.5) |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | (5.5) | (16.5) | 9.3 | 5.3 | 3.7 | 3.1 | 3.1 | 1.1 | 12.5 | 8.1 | 12.3 | (1.5) |
| Other Investing Cash Flow - Decrease/(Increase) | — | — | — | 7.0 | 0.0 | 4.0 | 0.1 | 0.6 | — | — | — | 0.3 |
| Net Cash Flow from Investing Activities | (5.6) | (16.9) | 9.3 | (4.0) | 3.7 | 7.1 | 3.0 | (48.2) | 12.5 | 8.1 | 12.2 | (34.3) |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | — | — | — | (18.8) | — | — | — | (16.4) | — | — | — | (60.8) |
| Debt - Issued/Reduced - Long-Term - Cash Flow | — | — | — | (18.8) | — | — | — | (16.4) | — | — | — | (60.8) |
| Other Financing Cash Flow - Increase/(Decrease) | — | — | — | 0.7 | — | — | — | 8.0 | — | — | — | 7.6 |
| Net Cash Flow from Financing Activities | — | — | — | (18.1) | — | — | — | (8.3) | — | — | — | (53.2) |
| Net Change in Cash - Total | 5.3 | 23.3 | 2.2 | (0.5) | (8.7) | 17.3 | (1.3) | (30.5) | 10.3 | (0.1) | (1.6) | (68.5) |
| Net Cash from Continuing Operations | 5.3 | 23.3 | 2.2 | (0.5) | (8.7) | 17.3 | (1.3) | (30.5) | 10.3 | (0.1) | (1.6) | (68.5) |
| Net Cash - Beginning Balance | 44.5 | 21.2 | 18.9 | 26.9 | 32.6 | 15.3 | 16.5 | 50.1 | 9.4 | 9.5 | 11.1 | 110.0 |
| Net Cash - Ending Balance | 49.8 | 44.5 | 21.2 | 26.4 | 23.9 | 32.6 | 15.3 | 19.6 | 19.7 | 9.4 | 9.5 | 41.5 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 0.9 | 1.1 | 0.1 | 10.0 | 1.0 | 0.6 | 0.2 | 72.6 | (0.6) | 0.5 | 0.1 | 39.7 |
| Interest Paid - Cash Flow - Supplemental | — | — | — | 25.7 | — | — | — | 102.5 | — | — | — | 65.0 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 2.2 | 6.7 | 0.0 | 0.0 | — | — | — | 1.3 | 0.0 | 3.4 | 0.4 | 0.1 |
| CF from Optg Activities before Change in WC & Int Payments | (0.4) | 17.0 | (1.6) | (129.4) | (5.9) | 2.4 | (3.1) | (283.6) | (3.9) | (0.2) | (4.4) | (161.2) |
| Depreciation, Depletion & Amortization - Cash Flow | 0.2 | 0.2 | 0.2 | 112.7 | 0.2 | 0.2 | 0.2 | 121.6 | 0.2 | 0.2 | 0.2 | 132.9 |
| Free Cash Flow to Equity | 10.8 | 39.8 | — | (13.6) | (12.4) | 10.2 | (4.4) | (40.2) | (2.2) | (8.2) | (13.9) | (74.9) |
| Free Cash Flow Net of Dividends | 10.8 | 39.8 | (7.1) | (3.8) | (12.4) | 10.2 | (4.4) | (23.9) | (2.2) | (8.2) | (13.9) | (14.6) |
| Free Cash Flow | 10.8 | 39.8 | (7.1) | (3.8) | (12.4) | 10.2 | (4.4) | (23.9) | (2.2) | (8.2) | (13.9) | (14.6) |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.