Last close · 16 Oct 2026
Rs 51.00 -0.43%
Quarterly · Q1 FY2022 – Q4 FY2026
Ghani Value Glass Limited (GVGL) quarterly cash flow statement
Operating activities generated Rs 146.2 mn of cash in Q4 FY2026 (Apr – Jun 2026), down 62.1% on Q4 FY2025, 37% of the starting profit. Capital expenditure was Rs 41.4 mn, leaving free cash flow of Rs 104.7 mn. Dividends paid to shareholders came to Rs 0. Overall, cash increased by Rs 118.4 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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 1,649.3 | 398.3 | 551.4 | 394.2 | 305.4 | 314.2 | 406.6 | 508.2 | 219.3 | ||||||||||||
| Depreciation & amortisation | 228.4 | 63.5 | 53.5 | 64.8 | 46.7 | 53.1 | 52.5 | 51.5 | 51.8 | ||||||||||||
| Net cash from operating activities | 516.4 | 146.2 | (29.5) | 456.2 | (56.4) | 385.9 | 135.7 | 219.9 | 51.3 | ||||||||||||
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (186.8) | (41.4) | (54.3) | (69.9) | (21.1) | (318.9) | (74.1) | (46.1) | (66.0) | ||||||||||||
| Net cash from investing activities | (162.4) | (27.8) | (54.9) | (245.8) | 166.0 | (318.9) | (74.1) | (46.1) | (66.0) | ||||||||||||
| Financing activities | |||||||||||||||||||||
| Dividends paid | — | 0.0 | (0.0) | (149.5) | — | (274.8) | (27.0) | (146.9) | — | ||||||||||||
| Net cash from financing activities | — | 0.0 | (0.0) | (149.5) | — | (274.8) | (27.0) | (146.9) | — | ||||||||||||
| Net change in cash | 204.5 | 118.4 | (84.3) | 60.8 | 109.6 | (207.8) | 34.7 | 26.8 | (14.8) | ||||||||||||
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | 329.7 | 104.7 | (83.8) | 386.3 | (77.5) | 67.0 | 61.7 | 173.7 | (14.8) | ||||||||||||
| 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 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | +26.8% | +35.6% | -22.4% | +39.2% | +16.2% | +28.4% | +13.5% | +9.1% | ||||||||||||
| Depreciation & amortisation | +19.6% | +1.9% | +25.8% | -9.8% | -8.0% | -19.8% | +63.4% | +21.1% | ||||||||||||
| Net cash from operating activities | -62.1% | -121.7% | +107.5% | -210.1% | +141.4% | -24.1% | +59.0% | -77.3% | ||||||||||||
| Investing activities | ||||||||||||||||||||
| Capital expenditure | -87.0% | -26.6% | +51.4% | -68.1% | +1,555.7% | -37.5% | -69.3% | -67.9% | ||||||||||||
| Net cash from investing activities | — | — | — | — | — | — | — | — | ||||||||||||
| Financing activities | ||||||||||||||||||||
| Dividends paid | -100.0% | -100.0% | +1.7% | — | — | +12,802.5% | — | — | ||||||||||||
| Net cash from financing activities | — | — | — | — | — | — | — | — | ||||||||||||
| Net change in cash | — | -343.4% | +127.2% | — | -250.1% | -42.3% | — | -175.0% | ||||||||||||
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | +56.2% | -235.9% | +122.4% | — | -52.3% | +2.4% | — | -175.0% | ||||||||||||
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 45
| 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 |
|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 398.3 | 551.4 | 394.2 | 305.4 | 314.2 | 406.6 | 508.2 | 219.3 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 85.5 | 28.0 | 27.7 | 70.8 | 126.3 | 5.4 | 60.2 | 71.9 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 23.4 | (27.0) | (37.1) | 24.7 | 73.2 | (47.0) | 8.7 | 20.1 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | — | — | — | — | — | — | — | — |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 63.5 | 53.5 | 64.8 | 46.7 | 53.1 | 52.5 | 51.5 | 51.8 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 63.2 | 53.2 | 64.2 | 46.7 | 52.2 | 52.5 | 51.2 | 51.8 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.3 | 0.3 | 0.6 | — | 0.9 | — | 0.3 | — |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | — | — | — | — | — | — | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (1.5) | 1.5 | 0.0 | (0.5) | — | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 66.0 | 274.7 | 122.8 | 91.2 | 325.8 | (25.8) | 152.7 | (75.3) |
| Interest Paid - Cash | — | — | — | — | — | — | — | — |
| Interest & Dividends - Received - Total - Cash Flow | 7.9 | 2.5 | 4.0 | — | 3.8 | 3.2 | 4.7 | — |
| Cash Flow from Operating Activities before Changes in Working Capital | 425.7 | 307.2 | 303.2 | 285.0 | 118.4 | 441.1 | 420.4 | 366.5 |
| Working Capital - Increase/(Decrease) - Cash Flow | (279.5) | (336.7) | 153.0 | (341.4) | 267.5 | (305.4) | (200.6) | (315.2) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 35.1 | (108.6) | 21.9 | (224.5) | 310.3 | (262.4) | (315.5) | (128.4) |
| Inventories - Decrease/(Increase) - Cash Flow | 33.7 | (242.4) | (115.1) | 139.8 | (135.9) | (85.6) | 40.1 | (203.2) |
| Other Assets - Decrease/(Increase) - Cash Flow | (51.4) | — | — | — | — | — | — | — |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (355.0) | (6.7) | 223.7 | (282.9) | 225.7 | (59.2) | 82.7 | 16.9 |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | 58.2 | 21.0 | 22.5 | 26.3 | (132.5) | 101.9 | (7.8) | (0.5) |
| Net Cash Flow from Operating Activities | 146.2 | (29.5) | 456.2 | (56.4) | 385.9 | 135.7 | 219.9 | 51.3 |
| Capital Expenditures - Net - Cash Flow | 28.5 | 54.3 | 69.9 | (166.5) | 318.9 | 74.1 | 46.1 | 66.0 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 26.4 | 54.3 | 69.9 | (166.5) | 306.4 | 74.1 | 46.1 | 66.0 |
| Property, Plant & Equipment - Purchased - Cash Flow | 39.3 | 54.3 | 69.9 | 21.1 | 306.4 | 74.1 | 46.1 | 66.0 |
| Property, Plant & Equipment Sold - Cash Flow | 12.9 | — | — | 187.6 | — | — | — | — |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | 2.1 | — | — | — | 12.5 | — | — | — |
| Intangible Assets - Net - Cash Flow | 2.1 | — | — | — | 12.5 | — | — | — |
| Capital Expenditures - Total | 41.4 | 54.3 | 69.9 | 21.1 | 318.9 | 74.1 | 46.1 | 66.0 |
| Other Investing Cash Flow - Decrease/(Increase) | 0.8 | (0.5) | (175.9) | (0.5) | — | 0.0 | — | — |
| Net Cash Flow from Investing Activities | (27.8) | (54.9) | (245.8) | 166.0 | (318.9) | (74.1) | (46.1) | (66.0) |
| Dividends Paid - Cash - Total - Cash Flow | 0.0 | 0.0 | 149.5 | — | 274.8 | 27.0 | 146.9 | — |
| Dividends - Common - Cash Paid | 0.0 | 0.0 | 149.5 | — | 274.8 | 27.0 | 146.9 | — |
| Net Cash Flow from Financing Activities | 0.0 | (0.0) | (149.5) | — | (274.8) | (27.0) | (146.9) | — |
| Net Change in Cash - Total | 118.4 | (84.3) | 60.8 | 109.6 | (207.8) | 34.7 | 26.8 | (14.8) |
| Net Cash from Continuing Operations | 118.4 | (84.3) | 60.8 | 109.6 | (207.8) | 34.7 | 26.8 | (14.8) |
| Net Cash - Beginning Balance | 146.6 | 231.0 | 170.2 | 60.5 | 268.3 | 233.7 | 206.9 | 221.7 |
| Net Cash - Ending Balance | 265.0 | 146.6 | 231.0 | 170.2 | 60.5 | 268.3 | 233.7 | 206.9 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 66.0 | 274.7 | 122.8 | 91.2 | 325.8 | (25.8) | 152.7 | (75.3) |
| Interest Paid - Cash Flow - Supplemental | — | — | — | — | — | — | — | — |
| Interest & Dividends - Received - Cash Flow - Supplemental | 7.9 | 2.5 | 4.0 | — | 3.8 | 3.2 | 4.7 | — |
| CF from Optg Activities before Change in WC & Int Payments | 425.7 | 307.2 | 303.2 | 285.0 | 118.4 | 441.1 | 420.4 | 366.5 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | 58.2 | 21.0 | 22.5 | 26.3 | (132.5) | 101.9 | (7.8) | (0.5) |
| Depreciation, Depletion & Amortization - Cash Flow | 63.5 | 53.5 | 64.8 | 46.7 | 53.1 | 52.5 | 51.5 | 51.8 |
| Free Cash Flow to Equity | 117.6 | (83.8) | 386.3 | 110.1 | 67.0 | 61.7 | 173.7 | (14.8) |
| Free Cash Flow Net of Dividends | 104.7 | (83.8) | 236.8 | (77.5) | (207.8) | 34.7 | 26.8 | (14.8) |
| Free Cash Flow | 104.7 | (83.8) | 386.3 | (77.5) | 67.0 | 61.7 | 173.7 | (14.8) |
Every line the company reported, in the original order and wording, without regrouping or signs changed.