Ghani Global Glass Limited (GGGL) quarterly cash flow statement

Operating activities generated Rs 52.7 mn of cash in Q4 FY2026 (Apr – Jun 2026), down 87.5% on Q4 FY2025, 71% of the starting profit. Capital expenditure was Rs 223.9 mn, leaving free cash flow of -Rs 171.2 mn. Overall, cash increased by Rs 80.2 mn.

GGGL 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)	180.1	74.0	37.8	28.8	39.5	75.7	79.8	134.0	60.7	39.1	55.0	47.7	33.5	26.6	32.7	44.4	29.2	33.9	37.7	105.2	59.9
Depreciation & amortisation	314.9	82.4	84.7	74.5	73.2	37.9	40.0	51.3	49.7	50.7	50.4	49.1	48.1	46.5	47.9	46.4	46.5	14.9	21.5	24.0	22.6
Net cash from operating activities	251.8	52.7	96.4	146.5	(43.8)	420.2	(184.0)	195.2	(64.2)	40.2	66.9	(65.7)	126.2	178.0	85.1	(131.4)	99.4	341.7	57.6	126.9	(92.5)
Investing activities
Capital expenditure	(571.7)	(223.9)	(204.6)	(95.0)	(48.2)	(583.7)	(306.7)	(398.4)	(1.5)	(88.8)	(88.3)	(17.1)	(13.3)	(58.6)	(48.3)	(31.7)	(29.1)	(812.9)	(281.9)	(129.5)	(189.3)
Net cash from investing activities	(316.7)	(91.7)	(95.8)	(82.8)	(46.4)	(378.5)	110.5	(349.1)	3.2	(150.4)	(7.4)	(7.3)	(88.3)	(29.3)	(28.2)	(30.8)	(29.1)	(309.6)	(282.1)	(127.8)	(183.9)
Financing activities
Borrowings raised / (repaid)	32.5	119.3	(47.5)	(15.9)	(23.3)	64.6	46.6	216.8	4.4	63.3	(32.4)	87.9	(71.9)	(89.8)	(36.1)	144.8	(50.5)	(28.0)	43.8	125.9	211.5
Net cash from financing activities	30.5	119.3	(49.5)	(13.9)	(25.4)	55.7	46.6	216.8	4.4	63.3	(32.4)	87.9	(71.9)	(89.8)	(36.1)	144.8	(50.5)	(28.0)	43.8	125.9	211.5
Net change in cash	(34.4)	80.2	(48.9)	49.9	(115.6)	97.4	(26.9)	62.9	(56.5)	(46.8)	27.0	15.0	(34.1)	58.9	20.8	(17.5)	19.9	4.0	(180.6)	124.9	(64.9)
Key figures
Free cash flow (operating cash flow − capex)	(319.9)	(171.2)	(108.2)	51.5	(92.0)	(163.4)	(490.7)	(203.2)	(65.7)	(48.6)	(21.4)	(82.8)	112.8	119.4	36.8	(163.1)	70.4	(471.2)	(224.3)	(2.7)	(281.7)

GGGL 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)	-2.3%	-52.6%	-78.5%	-34.9%	+93.5%	+45.1%	+180.7%	+81.4%	+46.8%	+67.9%	+7.6%	+14.7%	-21.4%	-13.3%	-57.8%	-51.3%	-29.4%	+2,063.5%	+52.5%	+60.5%
Depreciation & amortisation	+117.3%	+111.7%	+45.2%	+47.4%	-25.1%	-20.6%	+4.5%	+3.3%	+9.0%	+5.3%	+5.8%	+3.4%	+212.1%	+122.6%	+93.7%	+105.5%	-34.4%	-1.1%	+10.4%	+4.3%
Net cash from operating activities	-87.5%	—	-24.9%	—	+944.2%	-375.1%	—	-150.8%	-77.4%	-21.4%	—	+26.9%	-47.9%	+47.7%	-203.6%	—	+974.4%	—	+505.0%	-201.6%
Investing activities
Capital expenditure	-61.6%	-33.3%	-76.2%	+3,036.8%	+557.0%	+247.5%	+2,233.3%	-88.5%	+51.6%	+82.8%	-46.1%	-54.1%	-92.8%	-82.9%	-75.6%	-84.6%	+155.4%	+44.0%	+288.8%	+1,939.7%
Net cash from investing activities	—	-186.7%	—	-1,529.6%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Financing activities
Borrowings raised / (repaid)	+84.5%	-202.0%	-107.3%	-627.1%	+2.0%	—	+146.5%	—	—	—	-39.2%	—	—	-182.4%	+15.0%	-123.9%	—	—	+368.3%	—
Net cash from financing activities	+114.1%	-206.4%	-106.4%	-672.7%	-12.0%	—	+146.5%	—	—	—	-39.2%	—	—	-182.4%	+15.0%	-123.9%	—	-94.0%	+368.3%	—
Net change in cash	-17.6%	—	-20.7%	—	—	-199.5%	+319.4%	—	-179.4%	+30.3%	—	-271.5%	+1,374.4%	—	-114.0%	—	—	-148.5%	+759.1%	—
Key figures
Free cash flow (operating cash flow − capex)	—	—	—	—	—	—	—	-158.2%	-140.7%	-158.1%	—	+60.3%	—	—	—	—	—	—	—	-444.6%

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 55

GGGL 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	74.0	37.8	28.8	39.5	75.7	79.8	134.0	60.7	39.1	55.0	47.7	33.5	26.6	32.7	44.4	29.2	33.9	37.7	105.2	59.9
Non-cash Items & Reconciliation Adjustments - Cash Flow	173.2	183.3	166.9	148.5	108.2	153.3	72.9	151.7	71.7	205.8	87.2	147.6	133.8	117.0	107.4	90.7	40.1	42.5	40.8	31.0
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	22.4	6.8	1.6	(7.8)	(2.4)	45.3	(41.4)	3.8	(72.6)	49.3	(57.5)	5.0	(3.7)	2.1	2.0	(4.5)	(6.1)	1.1	(1.1)	—
Financial Income/(Expense) - Cash Flow - to Reconcile	68.4	92.1	90.9	83.9	73.2	71.7	92.4	101.3	104.6	102.4	102.6	94.6	91.0	67.0	59.2	48.7	31.3	19.9	18.4	9.5
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	82.4	84.7	74.5	73.2	37.9	40.0	51.3	49.7	50.7	50.4	49.1	48.1	46.5	47.9	46.4	46.5	14.9	21.5	24.0	22.6
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	82.4	84.7	74.5	73.2	37.9	40.0	51.3	49.7	50.7	50.4	49.1	48.1	46.5	47.9	46.4	46.5	14.9	21.5	24.0	22.6
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	0.0	(0.3)	0.0	(0.9)	3.5	(3.7)	(28.0)	(0.3)	0.0	0.0	(3.5)	—	0.0	0.0	(0.2)	0.0	0.0	(0.0)	(0.5)	(1.1)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	—	—	—	—	(4.2)	—	(1.4)	(2.7)	(10.9)	3.6	(3.6)	—	—	—	—	—	—	—	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	8.5	(81.7)	33.9	38.9	41.9	48.3	57.9	30.3	49.5	37.5	8.8	(29.2)	54.7	(29.0)	23.7	16.0	27.9	(10.4)	18.6	12.1
Interest Paid - Cash	68.7	93.6	103.2	84.4	68.2	66.1	103.5	95.0	111.0	92.2	107.5	88.8	90.5	66.4	46.3	55.8	22.0	46.5	9.5	10.0
Interest & Dividends - Received - Total - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	26.8	—
Cash Flow from Operating Activities before Changes in Working Capital	170.0	209.3	58.7	64.7	73.7	118.8	45.5	87.1	(49.7)	131.1	18.6	121.5	15.1	112.3	81.9	48.1	24.0	44.2	144.6	68.8
Working Capital - Increase/(Decrease) - Cash Flow	(117.3)	(112.9)	87.8	(108.5)	346.5	(302.7)	149.7	(151.3)	90.0	(64.3)	(84.3)	4.7	162.9	(27.2)	(213.3)	51.3	317.6	13.4	(17.7)	(161.3)
Accounts Receivables - Decrease/(Increase) - Cash Flow	(193.6)	(79.0)	238.7	(13.6)	(62.0)	(192.2)	(276.3)	142.4	(55.8)	21.0	(74.2)	(9.4)	(24.0)	(34.4)	(91.2)	(74.7)	(48.6)	(0.7)	3.0	9.0
Inventories - Decrease/(Increase) - Cash Flow	(10.7)	(188.6)	(171.0)	(159.5)	386.0	(30.7)	(59.5)	(51.4)	(14.0)	(152.6)	(61.4)	(36.5)	(133.9)	(17.2)	(5.2)	(208.2)	(58.0)	49.1	(76.0)	(69.3)
Prepaid Expenses - Decrease/(Increase) - Cash Flow	12.2	20.5	46.7	(57.5)	21.4	16.4	84.3	(126.0)	83.1	33.0	(100.6)	(7.6)	31.0	(52.2)	113.1	(65.8)	67.1	(90.2)	59.0	(90.9)
Other Assets - Decrease/(Increase) - Cash Flow	154.9	8.6	(13.7)	11.8	(22.7)	(60.1)	56.3	(134.7)	48.2	(49.1)	1.6	8.4	(10.8)	(1.6)	1.5	0.0	51.3	(48.4)	(4.5)	28.4
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	143.5	27.2	(129.5)	(35.3)	70.5	(200.0)	228.7	(9.2)	67.4	(24.0)	(47.3)	66.8	56.0	(14.5)	(447.9)	400.0	(101.0)	104.0	0.5	(38.1)
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	(223.5)	98.3	116.5	145.7	(46.8)	163.9	116.3	27.6	(38.8)	107.5	197.5	(17.0)	244.6	92.7	216.4	0.0	406.8	(0.3)	0.2	(0.4)
Net Cash Flow from Operating Activities	52.7	96.4	146.5	(43.8)	420.2	(184.0)	195.2	(64.2)	40.2	66.9	(65.7)	126.2	178.0	85.1	(131.4)	99.4	341.7	57.6	126.9	(92.5)
Capital Expenditures - Net - Cash Flow	91.7	121.9	73.6	46.3	407.8	213.7	341.3	0.4	82.6	78.8	10.9	13.3	29.3	28.2	30.8	29.1	309.8	281.9	128.0	183.8
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	91.7	121.9	73.6	46.3	407.8	213.7	341.3	0.4	82.6	78.8	10.9	13.3	29.3	28.2	30.8	29.1	309.8	281.9	128.0	183.8
Property, Plant & Equipment - Purchased - Cash Flow	223.9	204.6	95.0	48.2	583.7	306.7	398.4	1.5	88.8	88.3	17.1	13.3	58.6	48.3	31.7	29.1	812.9	281.9	129.5	189.3
Property, Plant & Equipment Sold - Cash Flow	132.2	82.7	21.4	1.9	175.9	93.0	57.1	1.1	6.2	9.5	6.2	—	29.3	20.1	0.9	0.0	503.1	0.0	1.5	5.5
Capital Expenditures - Total	223.9	204.6	95.0	48.2	583.7	306.7	398.4	1.5	88.8	88.3	17.1	13.3	58.6	48.3	31.7	29.1	812.9	281.9	129.5	189.3
Investments excluding Loans - Decrease/(Increase) - Cash Flow	—	0.0	0.1	(0.1)	29.3	(25.6)	75.5	3.7	(67.8)	75.0	0.0	(75.0)	—	—	—	—	0.2	(0.2)	0.2	(0.2)
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	—	0.0	0.1	(0.1)	29.3	(25.6)	75.5	3.7	(67.8)	75.0	0.0	(75.0)	—	—	—	—	0.2	(0.2)	0.2	(0.2)
Investment Securities - Sold/Matured - Unclassified - Cash Flow	—	0.0	—	—	29.3	0.0	75.5	3.7	7.2	75.0	—	—	—	—	—	—	—	—	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	—	—	—	—	—	25.6	—	0.0	75.0	—	0.0	75.0	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	—	26.1	(9.4)	—	—	349.7	(83.3)	—	—	(3.6)	3.6	—	—	—	—	—	—	—	—	—
Net Cash Flow from Investing Activities	(91.7)	(95.8)	(82.8)	(46.4)	(378.5)	110.5	(349.1)	3.2	(150.4)	(7.4)	(7.3)	(88.3)	(29.3)	(28.2)	(30.8)	(29.1)	(309.6)	(282.1)	(127.8)	(183.9)
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	0.0	(2.0)	2.0	(2.0)	(8.9)	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	0.0	(2.0)	2.0	(2.0)	(8.9)	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	0.0	(2.0)	2.0	(2.0)	(8.9)	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—
Stock - Common - Repurchased/Retired - Cash Flow	0.0	2.0	—	2.0	8.9	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Stock - Common - Issued/Sold - Cash Flow	—	—	2.0	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	119.3	(47.5)	(15.9)	(23.3)	64.6	46.6	216.8	4.4	63.3	(32.4)	87.9	(71.9)	(89.8)	(36.1)	144.8	(50.5)	(28.0)	43.8	125.9	211.5
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	180.0	(45.0)	21.0	2.9	(23.9)	39.1	25.0	(19.1)	81.8	(18.6)	97.4	(58.7)	(76.5)	(6.7)	186.6	(9.3)	(34.7)	24.7	276.3	146.8
Debt - Issued/Reduced - Long-Term - Cash Flow	(60.7)	(2.5)	(36.9)	(26.3)	88.5	7.4	191.8	23.6	(18.4)	(13.8)	(9.4)	(13.2)	(13.4)	(29.5)	(41.8)	(41.2)	6.7	19.2	(150.4)	64.7
Debt - Issued - Long-Term - Cash Flow	153.7	—	—	—	196.0	—	—	—	—	—	—	—	112.5	—	41.2	—	245.7	—	147.1	—
Debt - Reduced - Long-Term - Cash Flow	214.5	—	—	—	107.4	—	—	—	18.4	13.8	9.4	13.2	125.9	—	83.0	—	239.0	—	297.5	—
Net Cash Flow from Financing Activities	119.3	(49.5)	(13.9)	(25.4)	55.7	46.6	216.8	4.4	63.3	(32.4)	87.9	(71.9)	(89.8)	(36.1)	144.8	(50.5)	(28.0)	43.8	125.9	211.5
Net Change in Cash - Total	80.2	(48.9)	49.9	(115.6)	97.4	(26.9)	62.9	(56.5)	(46.8)	27.0	15.0	(34.1)	58.9	20.8	(17.5)	19.9	4.0	(180.6)	124.9	(64.9)
Net Cash from Continuing Operations	80.2	(48.9)	49.9	(115.6)	97.4	(26.9)	62.9	(56.5)	(46.8)	27.0	15.0	(34.1)	58.9	20.8	(17.5)	19.9	4.0	(180.6)	124.9	(64.9)
Net Cash - Beginning Balance	55.6	104.5	54.6	170.2	72.8	99.7	36.8	93.3	140.1	113.0	98.0	132.1	73.1	52.4	69.9	50.0	46.0	226.6	101.7	166.6
Net Cash - Ending Balance	135.8	55.6	104.5	54.6	170.2	72.8	99.7	36.8	93.3	140.1	113.0	98.0	132.1	73.1	52.4	69.9	50.0	46.0	226.6	101.7
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	8.5	(81.7)	33.9	38.9	41.9	48.3	57.9	30.3	49.5	37.5	8.8	(29.2)	54.7	(29.0)	23.7	16.0	27.9	(10.4)	18.6	12.1
Interest Paid - Cash Flow - Supplemental	68.7	93.6	103.2	84.4	68.2	66.1	103.5	95.0	111.0	92.2	107.5	88.8	90.5	66.4	46.3	55.8	22.0	46.5	9.5	10.0
Interest & Dividends - Received - Cash Flow - Supplemental	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	26.8	—
CF from Optg Activities before Change in WC & Int Payments	238.7	302.9	161.9	149.1	141.9	184.8	149.0	182.1	61.3	223.3	126.1	210.3	105.7	178.7	128.1	103.9	46.1	90.6	154.1	78.8
Common Stock Buyback - Net	0.0	2.0	(2.0)	2.0	8.9	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—
Depreciation, Depletion & Amortization - Cash Flow	82.4	84.7	74.5	73.2	37.9	40.0	51.3	49.7	50.7	50.4	49.1	48.1	46.5	47.9	46.4	46.5	14.9	21.5	24.0	22.6
Free Cash Flow to Equity	80.2	(73.0)	57.1	(113.5)	77.1	(351.1)	70.7	(60.2)	21.0	(44.3)	11.4	40.9	58.9	20.8	(17.5)	19.9	3.8	(180.5)	124.7	(64.7)
Free Cash Flow Net of Dividends	(171.2)	(108.2)	51.5	(92.0)	(163.4)	(490.7)	(203.2)	(65.7)	(48.6)	(21.4)	(82.8)	112.8	119.4	36.8	(163.1)	70.4	(471.2)	(224.3)	(2.7)	(281.7)
Free Cash Flow	(171.2)	(108.2)	51.5	(92.0)	(163.4)	(490.7)	(203.2)	(65.7)	(48.6)	(21.4)	(82.8)	112.8	119.4	36.8	(163.1)	70.4	(471.2)	(224.3)	(2.7)	(281.7)

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