JDWS JDW Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 869.99 0.00%
Quarterly · Q4 FY2021 – Q3 FY2026
JDW Sugar Mills Limited (JDWS) quarterly cash flow statement
Operating activities generated Rs 18.4 bn of cash in Q3 FY2026 (Apr – Jun 2026), up 7.7% on Q3 FY2025. Capital expenditure was Rs 3.7 bn, leaving free cash flow of Rs 14.7 bn. Dividends paid to shareholders came to Rs 1.4 bn. Overall, cash decreased by Rs 7.5 bn.
| Rs bn | TTM to Jun 2026 | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 10.9 | (1.2) | 3.3 | 4.1 | 4.6 | 0.7 | 1.4 | 2.0 | 4.5 | ||||||||||||
| Depreciation & amortisation | 5.3 | 1.0 | 1.7 | 1.2 | 1.4 | 0.9 | 1.2 | 1.1 | 1.0 | ||||||||||||
| Net cash from operating activities | (21.7) | 18.4 | (55.5) | (2.7) | 18.1 | 17.1 | (39.7) | 31.6 | 11.2 | ||||||||||||
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (8.4) | (3.7) | (2.6) | (1.1) | (1.0) | (6.7) | (6.7) | (4.0) | (3.3) | ||||||||||||
| Net cash from investing activities | (8.5) | (3.9) | (0.2) | (3.8) | (0.7) | (3.2) | 31.2 | (44.7) | (3.2) | ||||||||||||
| Financing activities | |||||||||||||||||||||
| Dividends paid | (4.0) | (1.4) | (1.4) | (0.0) | (1.1) | (0.0) | (1.7) | (0.0) | — | ||||||||||||
| Borrowings raised / (repaid) | 23.6 | (20.6) | 46.3 | (3.2) | 1.1 | (20.3) | 31.0 | (25.3) | (9.1) | ||||||||||||
| Net cash from financing activities | 19.6 | (22.0) | 44.8 | (3.2) | (0.0) | (20.3) | 29.2 | (25.3) | (9.1) | ||||||||||||
| Net change in cash | (10.6) | (7.5) | (10.8) | (9.7) | 17.4 | (6.4) | 20.7 | (38.3) | (1.2) | ||||||||||||
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (30.1) | 14.7 | (58.1) | (3.8) | 17.1 | 10.4 | (46.4) | 27.7 | 7.9 | ||||||||||||
| Rs mn | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | -278.2% | +144.1% | +104.2% | +2.6% | -44.6% | -55.5% | -76.3% | +115.0% | ||||||||||||
| Depreciation & amortisation | +5.5% | +40.2% | +16.3% | +41.0% | +150.4% | -3.0% | +43.7% | +18.9% | ||||||||||||
| Net cash from operating activities | +7.7% | — | -108.5% | +61.3% | +153.3% | — | +455.9% | -34.6% | ||||||||||||
| Investing activities | ||||||||||||||||||||
| Capital expenditure | -45.2% | -60.8% | -72.0% | -70.7% | +306.6% | +561.3% | +373.5% | — | ||||||||||||
| Net cash from investing activities | — | -100.5% | — | — | -227.4% | — | — | -1,147.6% | ||||||||||||
| Financing activities | ||||||||||||||||||||
| Dividends paid | +179,630.3% | -16.7% | +146.3% | — | -99.9% | +99.3% | — | — | ||||||||||||
| Borrowings raised / (repaid) | — | +49.5% | — | — | — | -16.8% | -402.3% | — | ||||||||||||
| Net cash from financing activities | — | +53.4% | — | — | — | -19.6% | -402.3% | — | ||||||||||||
| Net change in cash | — | -152.0% | — | — | — | — | -388.8% | — | ||||||||||||
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | +41.6% | — | -113.7% | +116.5% | +104.0% | — | +470.2% | — | ||||||||||||
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 66
| Rs bn | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (1.2) | 3.3 | 4.1 | 4.6 | 0.7 | 1.4 | 2.0 | 4.5 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 3.3 | 3.6 | 2.3 | 3.3 | 1.8 | 1.8 | 2.7 | 3.6 |
| Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile | — | — | — | — | — | — | — | — |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | (0.5) | 0.1 | (0.2) | (0.5) | (0.7) | (1.0) | (0.0) | (0.6) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 2.7 | 1.9 | 1.3 | 1.1 | 1.5 | 1.5 | 1.9 | 2.3 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 1.1 | 1.6 | 1.2 | 2.7 | 1.0 | 1.5 | 0.8 | 1.9 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 1.0 | 1.7 | 1.2 | 1.4 | 0.9 | 1.2 | 1.1 | 1.0 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | 0.1 | (0.1) | 0.0 | 1.3 | 0.1 | 0.2 | (0.3) | 0.9 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (0.0) | (0.0) | (0.0) | 0.0 | (0.1) | (0.1) | (0.0) | 0.1 |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | 0.0 | (0.0) | — | (0.0) | 0.1 | (0.1) | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 0.2 | 0.7 | 0.9 | 0.5 | 0.3 | 0.5 | 0.9 | 0.4 |
| Interest Paid - Cash | 1.7 | 0.9 | 1.6 | 2.0 | 0.9 | 2.4 | 3.2 | 3.4 |
| Interest & Dividends - Received - Total - Cash Flow | 0.0 | 0.0 | 0.1 | 0.2 | 0.0 | 0.3 | 0.6 | 0.3 |
| Cash Flow from Operating Activities before Changes in Working Capital | 0.2 | 5.3 | 3.9 | 5.8 | 1.3 | 0.6 | 1.2 | 4.6 |
| Working Capital - Increase/(Decrease) - Cash Flow | 18.2 | (60.8) | (6.6) | 12.3 | 15.8 | (40.3) | 30.4 | 6.6 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (1.7) | (5.4) | 7.3 | (12.0) | (1.5) | (3.7) | 21.8 | (12.1) |
| Inventories - Decrease/(Increase) - Cash Flow | 23.4 | (58.4) | (15.1) | 25.5 | 20.6 | (38.8) | 5.0 | 20.8 |
| Other Assets - Decrease/(Increase) - Cash Flow | (1.2) | 1.1 | 0.1 | (2.4) | (1.2) | 2.1 | 1.1 | (1.4) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (2.2) | 1.9 | 1.0 | 1.3 | (2.1) | 0.0 | 2.5 | (0.8) |
| Net Cash Flow from Operating Activities | 18.4 | (55.5) | (2.7) | 18.1 | 17.1 | (39.7) | 31.6 | 11.2 |
| Capital Expenditures - Net - Cash Flow | 3.4 | 2.6 | 1.1 | 0.7 | 6.6 | 6.7 | 4.0 | 3.3 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 3.4 | 2.6 | 1.1 | 0.7 | 6.6 | 6.7 | 4.0 | 3.3 |
| Property, Plant & Equipment - Purchased - Cash Flow | 3.7 | 2.6 | 1.1 | 1.0 | 6.7 | 6.7 | 4.0 | 3.3 |
| Property, Plant & Equipment Sold - Cash Flow | 0.2 | 0.0 | 0.0 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 |
| Capital Expenditures - Total | 3.7 | 2.6 | 1.1 | 1.0 | 6.7 | 6.7 | 4.0 | 3.3 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | (0.4) | 2.4 | (2.7) | (0.9) | 3.5 | 37.9 | (40.7) | (0.0) |
| Investment Property excluded from Capital Expenditures - Sold/(Purchased) - Net - Cash Flow | (0.2) | (0.3) | — | 0.0 | (0.2) | — | — | 0.0 |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | (0.2) | 2.7 | (2.7) | (1.0) | 3.7 | 37.9 | (40.7) | (0.0) |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | 0.0 | 2.7 | — | — | 4.7 | 37.9 | 1.0 | 6.3 |
| Investment Securities - Purchased - Unclassified - Cash Flow | 0.2 | 0.0 | 2.7 | 1.0 | 1.0 | 0.0 | 41.7 | 6.3 |
| Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow | — | — | — | — | — | — | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | (0.1) | — | — | 1.0 | (0.0) | (0.0) | — | 0.1 |
| Net Cash Flow from Investing Activities | (3.9) | (0.2) | (3.8) | (0.7) | (3.2) | 31.2 | (44.7) | (3.2) |
| Dividends Paid - Cash - Total - Cash Flow | 1.4 | 1.4 | 0.0 | 1.1 | 0.0 | 1.7 | 0.0 | — |
| Dividends - Common - Cash Paid | 1.4 | 1.4 | 0.0 | 1.1 | 0.0 | 1.7 | 0.0 | — |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | — | 0.0 |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | — | — | — | — | — | 0.0 |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | — | 0.0 |
| Stock - Common - Repurchased/Retired - Cash Flow | — | — | — | — | — | — | — | 0.0 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (20.6) | 46.3 | (3.2) | 1.1 | (20.3) | 31.0 | (25.3) | (9.1) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (20.7) | 50.7 | (2.4) | 0.9 | (26.5) | 30.6 | (26.7) | (15.1) |
| Debt - Issued/Reduced - Long-Term - Cash Flow | 0.0 | (4.4) | (0.8) | 0.3 | 6.2 | 0.3 | 1.4 | 6.0 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (0.2) | (0.7) | (0.5) | (0.2) | (0.1) | (0.6) | (0.4) | (0.1) |
| Debt - Issued - Long-Term - Cash Flow | 0.3 | — | — | 0.5 | 6.3 | 1.0 | 1.8 | 6.1 |
| Debt - Reduced - Long-Term - Cash Flow | 0.2 | 4.4 | 0.8 | 0.2 | 0.1 | 0.6 | 0.4 | 0.1 |
| 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 | 0.2 | 0.7 | 0.5 | 0.2 | 0.1 | 0.6 | 0.4 | 0.1 |
| Other Financing Cash Flow - Increase/(Decrease) | — | — | — | — | — | — | — | 0.0 |
| Net Cash Flow from Financing Activities | (22.0) | 44.8 | (3.2) | (0.0) | (20.3) | 29.2 | (25.3) | (9.1) |
| Net Cash Flow from Discontinued Operations - Total | — | — | — | — | — | — | — | — |
| Net Change in Cash - Total | (7.5) | (10.8) | (9.7) | 17.4 | (6.4) | 20.7 | (38.3) | (1.2) |
| Net Cash from Continuing Operations | (7.5) | (10.8) | (9.7) | 17.4 | (6.4) | 20.7 | (38.3) | (1.2) |
| Net Cash from Discontinued Operations | — | — | — | — | — | — | — | — |
| Net Cash - Beginning Balance | (30.2) | (19.4) | (9.7) | (27.1) | (20.7) | (41.4) | (3.1) | (1.9) |
| Net Cash - Ending Balance | (37.7) | (30.2) | (19.4) | (9.7) | (27.1) | (20.7) | (41.4) | (3.1) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 0.2 | 0.7 | 0.9 | 0.5 | 0.3 | 0.5 | 0.9 | 0.4 |
| Interest Paid - Cash Flow - Supplemental | 1.7 | 0.9 | 1.6 | 2.0 | 0.9 | 2.4 | 3.2 | 3.4 |
| Interest on Financial Leases Paid - Cash Flow - Supplemental | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 0.0 | 0.0 | 0.1 | 0.2 | 0.0 | 0.3 | 0.6 | 0.3 |
| CF from Optg Activities before Change in WC & Int Payments | 1.9 | 6.2 | 5.6 | 7.7 | 2.2 | 3.0 | 4.5 | 8.0 |
| Cash Dividends Paid & Common Stock Buyback - Net | — | — | — | — | — | — | — | — |
| Common Stock Buyback - Net | — | — | — | — | — | — | — | 0.0 |
| Depreciation, Depletion & Amortization - Cash Flow | 1.0 | 1.7 | 1.2 | 1.4 | 0.9 | 1.2 | 1.1 | 1.0 |
| Free Cash Flow to Equity | (5.7) | (11.8) | (6.9) | 18.5 | (9.9) | (15.5) | 2.4 | (1.2) |
| Free Cash Flow Net of Dividends | 13.3 | (59.5) | (3.8) | 15.9 | 10.4 | (48.2) | 27.7 | 7.9 |
| Free Cash Flow | 14.7 | (58.1) | (3.8) | 17.1 | 10.4 | (46.4) | 27.7 | 7.9 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.