Last close · 16 Oct 2026
Rs 24.19 +0.96%
Quarterly · Q1 FY2022 – Q4 FY2026
Image Pakistan Limited (IMAGE) quarterly cash flow statement
Operating activities generated Rs 161.0 mn of cash in Q4 FY2026 (Apr – Jun 2026), up 432.6% on Q4 FY2025. Capital expenditure was Rs 133.6 mn, leaving free cash flow of Rs 27.4 mn. Overall, cash increased by Rs 63.3 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) | 704.4 | (175.9) | 209.2 | 418.3 | 252.8 | (66.5) | 267.1 | 435.3 | 286.8 | ||||||||||||
| Depreciation & amortisation | 549.0 | 186.7 | 130.5 | 115.9 | 115.9 | 325.0 | 34.8 | 19.0 | 27.4 | ||||||||||||
| Net cash from operating activities | 735.9 | 161.0 | 270.8 | (39.2) | 343.3 | 30.2 | (52.6) | 262.9 | (8.9) | ||||||||||||
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (249.7) | (133.6) | (53.1) | (49.0) | (14.1) | (127.2) | (52.4) | (43.9) | (97.1) | ||||||||||||
| Net cash from investing activities | (249.7) | (133.6) | (53.1) | (48.9) | (14.2) | (126.2) | (52.4) | (43.9) | (97.1) | ||||||||||||
| Financing activities | |||||||||||||||||||||
| Dividends paid | — | — | (24.6) | (171.7) | (61.8) | (150.3) | (0.1) | (0.1) | (0.0) | ||||||||||||
| Borrowings raised / (repaid) | (42.7) | 19.8 | (123.5) | 85.6 | (24.6) | (69.4) | 114.2 | 115.6 | 49.3 | ||||||||||||
| Net cash from financing activities | (284.6) | 36.0 | (148.1) | (86.1) | (86.4) | (219.7) | 114.2 | 115.5 | 49.3 | ||||||||||||
| Net change in cash | 201.5 | 63.3 | 69.7 | (174.2) | 242.7 | (315.7) | 9.2 | 334.6 | (56.7) | ||||||||||||
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | 486.2 | 27.4 | 217.8 | (88.2) | 329.2 | (97.0) | (105.0) | 219.0 | (106.0) | ||||||||||||
| 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) | — | -21.7% | -3.9% | -11.9% | — | +3.6% | +296.3% | +49.0% | ||||||||||||
| Depreciation & amortisation | -42.5% | +275.4% | +510.5% | +323.5% | +655.2% | +29.8% | -22.8% | +20.8% | ||||||||||||
| Net cash from operating activities | +432.6% | — | -114.9% | — | — | -124.9% | — | -106.5% | ||||||||||||
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +5.0% | +1.2% | +11.5% | -85.5% | -69.3% | +4.0% | +14.3% | +12.7% | ||||||||||||
| Net cash from investing activities | — | — | — | — | — | — | — | — | ||||||||||||
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | +33,070.0% | +169,957.6% | +187,878.8% | — | -100.0% | — | — | ||||||||||||
| Borrowings raised / (repaid) | — | -208.1% | -26.0% | -149.8% | — | +15.8% | -38.5% | +102.3% | ||||||||||||
| Net cash from financing activities | — | -229.7% | -174.5% | -275.4% | -135.7% | — | -35.3% | +102.1% | ||||||||||||
| Net change in cash | — | +658.1% | -152.1% | — | — | -88.2% | — | -175.8% | ||||||||||||
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | — | -140.3% | — | — | -165.2% | — | -310.2% | ||||||||||||
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 60
| 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 | (175.9) | 209.2 | 418.3 | 252.8 | (66.5) | 267.1 | 435.3 | 286.8 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 184.2 | 161.6 | 175.4 | 161.1 | 499.7 | 44.7 | 36.7 | 43.8 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 39.0 | (21.9) | (3.3) | (4.7) | 6.4 | (3.4) | 0.4 | (1.6) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | (41.5) | 52.9 | 62.8 | 50.0 | 131.1 | 13.4 | 17.4 | 18.0 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 186.7 | 130.5 | 115.9 | 115.9 | 325.0 | 34.8 | 19.0 | 27.4 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 183.3 | 127.9 | 113.3 | 113.3 | 318.4 | 34.8 | 19.0 | 27.4 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 3.4 | 2.6 | 2.6 | 2.6 | 6.6 | — | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | — | — | — | — | 37.2 | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | (119.6) | 155.1 | 3.8 | 7.0 | 45.1 | 14.1 | (1.0) | 5.3 |
| Interest Paid - Cash | 60.1 | 23.1 | 22.9 | 18.1 | — | 41.3 | 17.4 | 21.4 |
| Interest & Dividends - Received - Total - Cash Flow | — | — | — | — | 12.0 | — | — | — |
| Cash Flow from Operating Activities before Changes in Working Capital | 67.9 | 192.5 | 566.9 | 388.8 | 400.2 | 256.5 | 455.6 | 303.9 |
| Working Capital - Increase/(Decrease) - Cash Flow | 93.1 | 78.3 | (606.2) | (45.5) | (369.9) | (309.0) | (192.7) | (312.8) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (1,028.2) | 248.3 | (62.3) | 41.0 | (633.7) | (301.1) | 273.0 | (184.9) |
| Inventories - Decrease/(Increase) - Cash Flow | 420.1 | (86.8) | (145.5) | 104.4 | 58.4 | (44.0) | (445.5) | (16.9) |
| Prepaid Expenses - Decrease/(Increase) - Cash Flow | (0.2) | 2.1 | 6.1 | (2.9) | (29.5) | 27.1 | (3.3) | 1.7 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 701.4 | (85.2) | (404.4) | (188.0) | 234.9 | 8.9 | (16.9) | (112.6) |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | — | — | — | — | — | — | — | — |
| Net Cash Flow from Operating Activities | 161.0 | 270.8 | (39.2) | 343.3 | 30.2 | (52.6) | 262.9 | (8.9) |
| Capital Expenditures - Net - Cash Flow | 133.6 | 53.1 | 49.0 | 14.1 | 122.2 | 52.4 | 43.9 | 97.1 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 133.6 | 53.1 | 49.0 | 14.1 | 122.2 | 52.4 | 43.9 | 97.1 |
| Property, Plant & Equipment - Purchased - Cash Flow | 133.6 | 53.1 | 49.0 | 14.1 | 127.2 | 52.4 | 43.9 | 97.1 |
| Property, Plant & Equipment Sold - Cash Flow | — | — | — | — | 5.0 | 0.0 | 0.0 | 0.0 |
| Capital Expenditures - Total | 133.6 | 53.1 | 49.0 | 14.1 | 127.2 | 52.4 | 43.9 | 97.1 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | — | — | — | — | — | — | — | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | — | — | — | — | — | — | — | — |
| Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow | — | — | 0.1 | (0.1) | (4.0) | — | — | — |
| Net Cash Flow from Investing Activities | (133.6) | (53.1) | (48.9) | (14.2) | (126.2) | (52.4) | (43.9) | (97.1) |
| Dividends Paid - Cash - Total - Cash Flow | — | 24.6 | 171.7 | 61.8 | 150.3 | 0.1 | 0.1 | 0.0 |
| Dividends - Common - Cash Paid | — | 24.6 | 171.7 | 61.8 | 150.3 | 0.1 | 0.1 | 0.0 |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | — | — |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | — | — | — | — | — | — |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | — | — |
| Stock - Common - Issued/Sold - Cash Flow | — | — | — | — | — | — | — | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 19.8 | (123.5) | 85.6 | (24.6) | (69.4) | 114.2 | 115.6 | 49.3 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 150.0 | — | — | — | — | — | — | — |
| Debt - Issued - Short-Term - Cash Flow | 150.0 | — | — | — | — | — | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (130.2) | (123.5) | 85.6 | (24.6) | (69.4) | 114.2 | 115.6 | 49.3 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (75.9) | (70.5) | (81.9) | (77.4) | (231.9) | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | 10.4 | — | — | — | — | — | — | — |
| Lease liabilities - Issued - Cash flow | — | — | — | — | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 140.6 | — | — | — | — | — | — | — |
| 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 | 75.9 | — | — | — | — | — | — | — |
| Other Financing Cash Flow - Increase/(Decrease) | 16.2 | — | — | — | — | — | — | — |
| Net Cash Flow from Financing Activities | 36.0 | (148.1) | (86.1) | (86.4) | (219.7) | 114.2 | 115.5 | 49.3 |
| Non-Classified Cash Flows | (0.1) | — | — | — | — | — | — | — |
| Net Change in Cash - Total | 63.3 | 69.7 | (174.2) | 242.7 | (315.7) | 9.2 | 334.6 | (56.7) |
| Net Cash from Continuing Operations | 63.4 | 69.7 | (174.2) | 242.7 | (315.7) | 9.2 | 334.6 | (56.7) |
| Net Cash - Beginning Balance | 235.2 | 165.6 | 339.8 | 97.1 | 412.8 | 403.6 | 69.0 | 125.7 |
| Net Cash - Ending Balance | 298.6 | 235.2 | 165.6 | 339.8 | 97.1 | 412.8 | 403.6 | 69.0 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | (119.6) | 155.1 | 3.8 | 7.0 | 45.1 | 14.1 | (1.0) | 5.3 |
| Interest Paid - Cash Flow - Supplemental | 60.1 | 23.1 | 22.9 | 18.1 | — | 41.3 | 17.4 | 21.4 |
| Interest & Dividends - Received - Cash Flow - Supplemental | — | — | — | — | 12.0 | — | — | — |
| CF from Optg Activities before Change in WC & Int Payments | 128.0 | 215.6 | 589.9 | 406.9 | 400.2 | 297.8 | 473.0 | 325.3 |
| Cash Dividends Paid & Common Stock Buyback - Net | — | — | — | — | — | — | — | — |
| Common Stock Buyback - Net | — | — | — | — | — | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 186.7 | 130.5 | 115.9 | 115.9 | 325.0 | 34.8 | 19.0 | 27.4 |
| Free Cash Flow to Equity | 47.2 | 94.3 | (2.6) | 304.6 | (161.4) | 9.3 | 334.7 | (56.7) |
| Free Cash Flow Net of Dividends | 27.4 | 193.1 | (259.9) | 267.4 | (247.3) | (105.1) | 218.9 | (106.0) |
| Free Cash Flow | 27.4 | 217.8 | (88.2) | 329.2 | (97.0) | (105.0) | 219.0 | (106.0) |
Every line the company reported, in the original order and wording, without regrouping or signs changed.