Intermarket Securities Limited (IMS) cash flow statement

Operating activities generated Rs 432.0 mn of cash in FY2026 (Jul 2025 – Jun 2026), up 16.7% on FY2024. Dividends paid to shareholders came to Rs 885,899. Overall, cash increased by Rs 418.6 mn.

IMS cash flow statement (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2024 * Jan – Dec 2024	FY2023 * Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 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
Net cash from operating activities	432.0	370.0	430.3	(57.3)	(401.4)	96.3	231.5	(218.6)	—	(94.0)	1,222.9	443.7	(278.2)	20.6	(78.0)	361.9	934.8	(843.2)
Net cash from investing activities	15.6	(112.9)	(28.9)	(3.6)	(5.7)	(2.6)	(3.2)	2.3	—	(25.8)	58.4	(1.6)	(5.7)	50.4	(6.2)	8.5	2.9	(44.8)
Dividends paid	(0.9)	(0.0)	(0.0)	(0.0)	(0.1)	—	—	—	—	(255.2)	(150.1)	—	—	0.0	(69.1)	—	—	—
Net cash from financing activities	(29.1)	(341.3)	(450.0)	(0.0)	449.9	0.0	0.0	(5.4)	—	(249.6)	(550.0)	(390.7)	—	0.0	(69.1)	(180.1)	(84.6)	176.4
Net change in cash	418.6	(84.2)	(48.6)	(60.8)	42.7	93.8	228.3	(221.7)	—	(369.4)	731.3	51.4	(283.9)	71.0	(153.2)	190.3	853.1	(711.6)

IMS cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2024 * Jan – Dec 2024	FY2023 * Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 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
Net cash from operating activities	+16.7%	-14.0%	—	—	-516.7%	-58.4%	—	—	—	-107.7%	+175.6%	—	-1,451.6%	—	-121.6%	-61.3%	—	—
Net cash from investing activities	—	—	—	—	—	—	-239.3%	—	—	-144.1%	—	—	-111.2%	—	-172.6%	+190.6%	—	—
Dividends paid	+3,077.0%	+191.2%	+33.8%	-93.9%	—	—	—	—	—	+70.0%	—	—	—	-100.0%	—	—	—	—
Net cash from financing activities	—	—	—	-100.0%	—	—	—	—	—	—	—	—	—	—	—	—	-148.0%	—
Net change in cash	—	—	—	-242.5%	-54.5%	-58.9%	—	—	—	-150.5%	+1,323.6%	—	-499.8%	—	-180.5%	-77.7%	—	—

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 67

IMS cash flow statement — all reported line items (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 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
Profit/(Loss) - Starting Line - Cash Flow	908.9	544.8	(79.6)	(86.4)	46.7	16.2	(37.2)	(30.7)	—	(5.9)	149.5	200.0	246.3	222.2	50.8	178.8	(147.0)	32.9
Non-cash Items & Reconciliation Adjustments - Cash Flow	(45.6)	(152.1)	158.3	102.6	42.9	42.5	42.3	34.8	—	5.1	(21.6)	0.0	6.3	(40.1)	1.3	71.7	136.6	79.3
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	8.2	(4.4)	—	—	—	—	—	—	—	—	—	—	0.0	(47.9)	1.0	0.0	0.8	0.0
Financial Income/(Expense) - Cash Flow - to Reconcile	27.1	57.4	157.4	111.8	43.8	40.4	45.1	29.2	—	0.8	5.4	7.4	5.5	6.3	2.9	13.0	128.7	69.4
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	40.9	25.4	10.6	5.5	5.7	5.9	5.9	8.4	—	3.5	4.5	5.4	5.6	5.3	5.7	5.9	7.6	9.9
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	37.6	18.7	10.4	5.2	5.3	5.3	5.1	7.1	—	3.5	4.5	5.3	5.5	5.2	5.6	5.8	7.4	9.6
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	1.6	0.4	0.2	0.3	0.4	0.6	0.9	1.3	—	—	0.0	0.1	0.0	0.1	0.1	0.1	0.2	0.3
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile	1.7	6.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(57.6)	(170.7)	0.0	0.0	0.3	0.6	(1.6)	(2.6)	—	0.2	(42.3)	(0.1)	(0.9)	0.1	0.0	0.1	(0.4)	0.0
Property, Plant & Equipment including Intangible Assets - Gain/(Loss) - Cash Flow	1.4	(0.1)	0.0	0.0	0.3	0.6	(1.6)	(2.6)	—	0.2	(42.3)	(0.1)	(0.9)	0.1	0.0	0.1	(0.4)	0.0
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	(64.3)	(59.8)	(9.6)	(14.7)	(6.8)	(4.4)	(7.2)	(0.2)	—	0.6	10.8	(12.7)	(4.0)	(3.8)	(8.3)	52.6	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	226.3	28.7	4.8	5.4	7.4	6.5	5.7	21.5	—	8.6	15.2	14.5	22.6	6.3	5.2	7.7	5.9	20.4
Investment Securities - Gain/(Loss) - Cash Flow	(58.9)	(170.6)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Paid - Cash	79.5	145.7	166.9	102.6	35.2	43.9	43.4	27.6	—	1.2	7.5	7.4	3.0	6.0	6.8	25.1	143.4	53.8
Interest & Dividends - Received - Total - Cash Flow	48.3	50.2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash Flow from Operating Activities before Changes in Working Capital	605.8	268.5	(92.9)	(91.8)	47.1	8.3	(44.0)	(44.9)	—	(10.6)	105.2	178.1	226.9	169.8	40.0	217.7	(159.7)	37.9
Working Capital - Increase/(Decrease) - Cash Flow	(173.8)	101.5	523.3	34.5	(448.5)	88.0	275.6	(173.6)	—	(83.4)	1,117.7	265.6	(505.1)	(149.2)	(118.1)	144.3	1,094.5	(881.1)
Accounts Receivables - Decrease/(Increase) - Cash Flow	(268.5)	(376.2)	(35.6)	(35.7)	(40.2)	(15.7)	70.8	124.2	—	186.7	542.1	340.4	(1,001.8)	262.3	171.0	100.5	549.8	(405.9)
Prepaid Expenses - Decrease/(Increase) - Cash Flow	(448.4)	(914.0)	(52.5)	92.6	(22.9)	10.3	229.7	(235.7)	—	30.5	(25.7)	(6.2)	(15.1)	13.5	(3.0)	3.4	31.0	30.0
Other Assets - Decrease/(Increase) - Cash Flow	41.7	656.6	545.4	6.3	(419.8)	(11.8)	(75.4)	(85.6)	—	63.1	199.8	(78.3)	509.0	(362.5)	(181.4)	(16.1)	698.3	(667.4)
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	501.4	735.0	65.9	(28.7)	34.4	105.2	50.6	23.7	—	(365.9)	401.4	9.7	2.8	(62.5)	(104.6)	56.5	(184.6)	162.2
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	—	—	—	—	—	(0.0)	(0.0)	(0.2)	—	2.3	—	—	—	—	—	—	—	—
Net Cash Flow from Operating Activities	432.0	370.0	430.3	(57.3)	(401.4)	96.3	231.5	(218.6)	—	(94.0)	1,222.9	443.7	(278.2)	20.6	(78.0)	361.9	934.8	(843.2)
Capital Expenditures - Net - Cash Flow	19.5	10.2	28.9	3.6	5.7	3.6	3.4	(2.3)	—	26.2	(57.7)	1.6	6.9	(0.2)	6.2	(2.2)	(1.0)	9.3
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	11.5	10.2	28.9	3.6	5.7	3.6	3.4	(6.2)	—	26.2	(57.7)	1.6	6.9	(0.2)	6.2	(2.2)	(3.5)	9.3
Property, Plant & Equipment - Purchased - Cash Flow	24.0	11.6	28.9	3.6	6.0	3.7	7.1	1.0	—	27.0	0.2	2.3	9.7	2.5	7.4	0.6	0.8	9.3
Property, Plant & Equipment Sold - Cash Flow	12.5	1.5	0.0	0.1	0.3	0.1	3.7	7.2	—	0.8	57.9	0.7	2.9	2.7	1.3	2.8	4.3	0.0
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	8.0	—	—	—	—	—	0.0	3.9	—	—	—	—	—	—	—	0.0	2.5	0.0
Intangible Assets - Purchased/Acquired - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	2.5	0.0
Software Development Costs - Cash Flow	—	—	—	—	—	—	0.0	3.9	—	—	—	—	—	—	—	—	—	—
Intangible Assets - Net - Cash Flow	8.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Capital Expenditures - Total	32.0	11.6	28.9	3.6	6.0	3.7	7.1	4.9	—	27.0	0.2	2.3	9.7	2.5	7.4	0.6	3.3	9.3
Investments excluding Loans - Decrease/(Increase) - Cash Flow	—	—	—	—	0.0	1.0	0.2	—	—	0.4	—	—	1.2	50.4	0.0	6.3	1.9	(1.0)
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	—	—	—	—	0.0	1.0	0.2	—	—	0.4	—	—	1.2	50.4	0.0	6.3	1.9	(1.0)
Investment Securities - Sold/Matured - Unclassified - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	1.2	50.4	0.0	6.7	1.9	—
Investment Securities - Purchased - Unclassified - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.5	—	—
Other Investing Cash Flow - Decrease/(Increase)	35.2	(102.8)	—	—	—	—	—	0.0	—	—	0.7	0.0	—	(0.2)	—	—	0.0	(34.4)
Net Cash Flow from Investing Activities	15.6	(112.9)	(28.9)	(3.6)	(5.7)	(2.6)	(3.2)	2.3	—	(25.8)	58.4	(1.6)	(5.7)	50.4	(6.2)	8.5	2.9	(44.8)
Dividends Paid - Cash - Total - Cash Flow	0.9	0.0	0.0	0.0	0.1	—	—	—	—	255.2	150.1	—	—	0.0	69.1	—	—	—
Dividends - Common - Cash Paid	0.9	0.0	0.0	0.0	0.1	—	—	—	—	255.2	150.1	—	—	0.0	69.1	—	—	—
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	0.0	(399.9)	(390.7)	—	—	—	—	0.0	120.0
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	—	—	—	—	—	—	—	—	—	0.0	(399.9)	(390.7)	—	—	—	—	0.0	120.0
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	0.0	(399.9)	(390.7)	—	—	—	—	0.0	120.0
Stock - Common - Repurchased/Retired - Cash Flow	—	—	—	—	—	—	—	—	—	0.0	399.9	390.7	—	—	—	—	—	—
Stock - Common - Issued/Sold - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	120.0
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(28.2)	(341.2)	(450.0)	0.0	450.0	—	0.0	(5.4)	—	5.6	—	—	—	—	0.0	(180.1)	(84.6)	56.4
Debt - Issued/Reduced - Long-Term - Cash Flow	(28.2)	(341.2)	(450.0)	0.0	450.0	—	0.0	(5.4)	—	5.6	—	—	—	—	0.0	(180.1)	(84.6)	56.4
Lease liabilities - Issued/(Reduced) - Cash Flow	(28.2)	(16.2)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued - Long-Term - Cash Flow	—	—	—	0.0	450.0	—	—	—	—	5.6	—	—	—	—	—	0.0	100.0	100.0
Debt - Reduced - Long-Term - Cash Flow	—	341.2	450.0	—	—	—	0.0	5.4	—	—	—	—	—	—	0.0	180.1	184.6	43.6
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	—	16.2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Financing Cash Flow - Increase/(Decrease)	—	(0.0)	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Financing Activities	(29.1)	(341.3)	(450.0)	(0.0)	449.9	0.0	0.0	(5.4)	—	(249.6)	(550.0)	(390.7)	—	0.0	(69.1)	(180.1)	(84.6)	176.4
Net Change in Cash - Total	418.6	(84.2)	(48.6)	(60.8)	42.7	93.8	228.3	(221.7)	—	(369.4)	731.3	51.4	(283.9)	71.0	(153.2)	190.3	853.1	(711.6)
Net Cash from Continuing Operations	418.6	(84.2)	(48.6)	(60.8)	42.7	93.8	228.3	(221.7)	—	(369.4)	731.3	51.4	(283.9)	71.0	(153.2)	190.3	853.1	(711.6)
Net Cash - Beginning Balance	(363.9)	(208.3)	100.2	161.1	118.4	24.6	(203.7)	18.0	—	428.8	(302.5)	(353.8)	(70.0)	(141.0)	12.2	(178.1)	(1,031.2)	(319.6)
Net Cash - Ending Balance	54.7	(292.5)	51.6	100.2	161.1	118.4	24.6	(203.7)	—	59.5	428.8	(302.5)	(353.8)	(70.0)	(141.0)	12.2	(178.1)	(1,031.2)
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	226.3	28.7	4.8	5.4	7.4	6.5	5.7	21.5	—	8.6	15.2	14.5	22.6	6.3	5.2	7.7	5.9	20.4
Interest Paid - Cash Flow - Supplemental	79.5	145.7	166.9	102.6	35.2	43.9	43.4	27.6	—	1.2	7.5	7.4	3.0	6.0	6.8	25.1	143.4	53.8
Interest & Dividends - Received - Cash Flow - Supplemental	48.3	50.2	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
CF from Optg Activities before Change in WC & Int Payments	685.3	414.2	74.0	10.8	82.3	52.2	(0.7)	(17.4)	—	(9.4)	112.8	185.5	229.9	175.8	46.9	242.7	(16.3)	91.7
Cash Dividends Paid & Common Stock Buyback - Net	—	—	—	—	—	—	—	—	—	255.2	550.0	—	—	—	—	—	—	—
Common Stock Buyback - Net	—	—	—	—	—	—	—	—	—	0.0	399.9	390.7	—	—	—	—	0.0	(120.0)
Depreciation, Depletion & Amortization - Cash Flow	39.2	19.1	10.6	5.5	5.7	5.9	5.9	8.4	—	3.5	4.5	5.4	5.6	5.3	5.7	5.9	7.6	9.9
Free Cash Flow to Equity	384.3	18.6	(48.6)	(60.8)	42.8	92.8	228.1	(221.7)	—	(114.6)	1,280.6	442.0	(285.1)	20.8	(84.2)	184.0	851.2	(796.2)
Free Cash Flow Net of Dividends	399.1	358.4	401.4	(60.9)	(407.5)	92.6	224.4	(223.5)	—	(376.2)	1,072.6	441.3	(287.9)	18.0	(154.5)	361.3	931.5	(852.6)
Free Cash Flow	400.0	358.4	401.4	(60.9)	(407.4)	92.6	224.4	(223.5)	—	(121.0)	1,222.7	441.3	(287.9)	18.0	(85.4)	361.3	931.5	(852.6)

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