JS Investments Limited (JSIL) cash flow statement

Operating activities generated Rs 110.4 mn of cash in FY2025 (Jan – Dec 2025), up 190.6% on FY2024. Dividends paid to shareholders came to Rs 2,266. Overall, cash decreased by Rs 29.6 mn.

JSIL cash flow statement (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	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 Jan – Dec 2017	FY2016 * Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jan – Dec 2012	FY2011 Jul 2010 – Jun 2011	FY2010 * Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 * Jul 2006 – Jun 2007	FY2006 Jul 2005 – Jun 2006
Net cash from operating activities	110.4	38.0	(17.5)	(213.6)	(154.9)	(115.0)	(151.3)	(48.7)	(58.7)	(76.5)	(25.2)	6.5	225.7	—	28.9	90.9	(1,773.7)	858.3	443.7	596.9
Net cash from investing activities	840.7	(899.4)	126.5	230.5	160.1	308.6	514.7	56.7	103.1	75.0	381.6	(27.7)	540.6	—	250.2	272.1	2,549.7	(2,164.3)	(699.7)	(175.9)
Dividends paid	(0.0)	(0.0)	(0.0)	(0.0)	(0.2)	(244.9)	0.0	(0.5)	(39.8)	0.0	(0.0)	(3.9)	(194.2)	—	(0.0)	(0.0)	(108.1)	(140.6)	—	—
Net cash from financing activities	(980.7)	835.8	(53.3)	(30.8)	(18.0)	(197.5)	(372.9)	(0.5)	(39.8)	0.0	(356.9)	(3.9)	(323.3)	—	(279.1)	(355.7)	(158.8)	294.6	(265.6)	156.8
Net change in cash	(29.6)	(25.7)	55.7	(13.9)	16.7	(4.0)	(9.5)	7.5	4.5	(1.5)	(0.5)	(25.1)	442.9	—	(0.0)	7.3	617.3	(1,011.4)	(521.6)	577.8

JSIL cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	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 Jan – Dec 2017	FY2016 * Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jan – Dec 2012	FY2011 Jul 2010 – Jun 2011	FY2010 * Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 * Jul 2006 – Jun 2007	FY2006 Jul 2005 – Jun 2006
Net cash from operating activities	+190.6%	—	—	—	—	—	—	—	—	—	-488.1%	-97.1%	—	—	-68.2%	—	-306.7%	+93.4%	-25.7%	—
Net cash from investing activities	—	-811.0%	-45.1%	+44.0%	-48.1%	-40.1%	+807.7%	-45.0%	+37.4%	-80.3%	—	-105.1%	—	—	-8.1%	-89.3%	—	—	—	—
Dividends paid	-21.2%	-94.2%	+113.1%	-90.2%	-99.9%	—	-100.0%	-98.9%	—	-100.0%	-99.3%	-98.0%	—	—	-88.3%	-100.0%	-23.1%	—	—	—
Net cash from financing activities	-217.3%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-153.9%	—	-269.4%	—
Net change in cash	—	-146.1%	—	-182.9%	—	—	-226.3%	+66.3%	—	—	—	-105.7%	—	—	-100.0%	-98.8%	—	—	-190.3%	—

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 70

JSIL cash flow statement — all reported line items (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	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 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007	FY2006 Jul 2005 – Jun 2006
Profit/(Loss) - Starting Line - Cash Flow	648.9	463.7	254.3	(141.5)	(288.7)	(23.0)	(53.9)	60.3	69.8	213.0	202.4	665.1	626.4	—	27.7	42.8	(1,770.3)	572.9	536.8	601.8
Non-cash Items & Reconciliation Adjustments - Cash Flow	(321.4)	(438.6)	(284.0)	32.3	201.7	(39.0)	(22.3)	(151.7)	(106.0)	(293.9)	(250.1)	(699.2)	(598.2)	—	57.2	212.5	328.8	285.6	(212.6)	(292.7)
Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile	(467.7)	(441.2)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Income Tax Expense - Cash Flow - to Reconcile	68.6	24.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(104.2)	(107.5)	(27.5)	(38.3)	(7.1)	(1.2)	(27.1)	(2.6)	5.0	(20.7)	(28.1)	(50.4)	4.6	—	0.2	18.9	28.4	183.3	(54.7)	(5.8)
Financial Income/(Expense) - Cash Flow - to Reconcile	107.1	25.9	6.2	17.4	24.2	16.0	5.7	(6.1)	(41.9)	(30.5)	(21.4)	(6.4)	(209.8)	—	91.3	146.1	255.7	52.4	(201.2)	(335.5)
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	86.7	61.3	55.7	66.6	74.3	75.3	82.4	38.0	33.9	26.6	23.8	22.8	126.3	—	33.5	41.6	42.1	52.1	44.3	48.9
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	85.5	59.5	52.1	61.6	68.8	70.4	77.8	34.7	32.5	26.1	23.4	22.5	21.1	—	28.8	36.2	35.0	45.2	40.2	30.9
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	1.2	1.8	3.2	5.0	5.4	5.0	4.6	3.3	1.5	0.6	0.4	0.3	0.2	—	4.7	5.3	7.1	6.9	4.1	18.0
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile	—	0.0	0.4	—	—	—	—	—	—	—	—	0.0	105.0	—	—	—	—	—	—	—
Impairment - Financial Fixed Assets - Operating - Cash Flow - to Reconcile	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	0.0	—	—	—	—	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	—	(1.8)	(0.4)	(23.9)	(16.3)	(8.2)	(0.5)	(176.7)	(96.0)	(261.1)	(0.1)	(5.6)	(0.0)	—	(66.5)	2.9	5.9	(1.5)	(1.0)	(0.3)
Property, Plant & Equipment including Intangible Assets - Gain/(Loss) - Cash Flow	—	(1.8)	(0.4)	(23.9)	(16.3)	(8.2)	(0.5)	(1.0)	(0.6)	0.0	(0.1)	(5.6)	(0.0)	—	(2.3)	2.9	5.9	(1.5)	(1.0)	(0.3)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	(11.9)	0.0	(318.1)	10.5	126.6	(120.9)	(82.9)	(4.2)	(7.0)	(8.2)	(224.3)	(659.6)	(519.2)	—	(1.3)	3.1	(3.4)	(0.7)	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	132.3	55.8	20.4	11.2	9.8	18.5	26.5	23.3	31.3	29.5	27.4	15.1	39.1	—	(21.6)	13.1	30.4	69.3	67.3	41.2
Investment Securities - Gain/(Loss) - Cash Flow	—	—	—	—	—	—	—	(175.7)	(95.4)	(261.1)	—	—	—	—	(64.2)	—	—	—	—	—
Interest Paid - Cash	47.3	1.6	26.7	27.9	31.3	35.0	—	3.3	0.3	0.0	0.0	0.6	63.7	—	132.1	191.0	298.0	187.4	—	—
Interest & Dividends - Received - Total - Cash Flow	40.9	14.6	15.1	8.3	8.2	15.6	25.2	7.3	40.7	29.2	19.0	0.0	253.9	—	52.0	41.5	33.8	230.1	182.1	333.5
Cash Flow from Operating Activities before Changes in Working Capital	188.6	(17.6)	(61.7)	(139.9)	(119.9)	(99.8)	(77.6)	(110.7)	(27.1)	(81.2)	(56.1)	(49.9)	179.4	—	26.5	92.7	(1,736.1)	831.9	438.9	601.4
Working Capital - Increase/(Decrease) - Cash Flow	(78.2)	55.6	44.2	(73.6)	(35.0)	(15.2)	(73.8)	61.9	(31.7)	4.7	30.9	56.4	46.3	—	2.4	(1.8)	(37.6)	26.4	4.8	(4.5)
Accounts Receivables - Decrease/(Increase) - Cash Flow	(5.4)	(7.7)	(3.3)	0.2	1.4	1.3	(0.7)	2.8	(1.2)	(2.7)	0.5	(0.6)	1.4	—	(0.3)	18.9	8.1	8.0	22.9	(17.2)
Other Assets - Decrease/(Increase) - Cash Flow	(132.8)	(15.4)	(51.6)	(40.7)	(0.0)	2.9	(10.9)	12.1	(43.4)	(19.2)	8.1	(4.8)	(43.5)	—	12.2	(12.4)	(1.7)	(17.5)	(21.3)	8.1
Accrued Expenses - Increase/(Decrease) - Cash Flow	60.0	78.8	99.1	(33.2)	(36.3)	(19.4)	(62.1)	47.0	12.9	26.6	22.3	61.8	88.4	—	(9.5)	(8.3)	(44.0)	35.9	3.3	4.6
Net Cash Flow from Operating Activities	110.4	38.0	(17.5)	(213.6)	(154.9)	(115.0)	(151.3)	(48.7)	(58.7)	(76.5)	(25.2)	6.5	225.7	—	28.9	90.9	(1,773.7)	858.3	443.7	596.9
Capital Expenditures - Net - Cash Flow	76.8	31.9	21.2	(27.4)	(2.6)	(12.8)	(550.0)	148.9	47.8	40.3	9.0	2.6	5.6	—	(2.2)	(2.8)	3.4	(8.6)	86.0	31.2
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	—	31.9	21.2	(27.4)	(2.6)	(12.8)	(553.6)	137.8	39.5	39.9	8.3	1.2	5.6	—	(2.2)	(2.8)	3.4	(8.6)	86.0	31.2
Property, Plant & Equipment - Purchased - Cash Flow	—	33.6	21.6	3.6	23.0	6.8	56.8	141.4	41.2	39.9	8.7	8.2	5.6	—	1.2	1.4	4.4	18.7	93.2	31.7
Property, Plant & Equipment Sold - Cash Flow	—	1.7	0.4	31.0	25.6	19.6	610.3	3.6	1.8	0.0	0.4	7.0	0.1	—	3.4	4.2	1.0	27.3	7.2	0.5
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	—	—	—	—	—	—	3.6	11.1	8.3	0.4	0.7	1.4	—	—	—	—	—	—	—	—
Intangible Assets - Purchased/Acquired - Cash Flow	—	—	—	—	—	—	3.6	11.1	8.3	0.4	0.7	1.4	—	—	—	—	—	—	—	—
Capital Expenditures - Total	76.8	33.6	21.6	3.6	23.0	6.8	60.4	152.5	49.6	40.3	9.4	9.7	5.6	—	1.2	1.4	4.4	18.7	93.2	31.7
Investments excluding Loans - Decrease/(Increase) - Cash Flow	898.0	(901.2)	115.9	182.5	106.6	277.6	(59.5)	203.5	149.4	114.0	388.7	(32.1)	542.2	—	247.8	269.1	2,551.1	(2,178.2)	(622.2)	(145.2)
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	898.0	(901.2)	115.9	182.5	106.6	277.6	(59.5)	203.5	149.4	114.0	388.7	(32.1)	542.2	—	247.8	269.1	2,551.1	(2,178.2)	(622.2)	(145.2)
Investment Securities - Sold/Matured - Unclassified - Cash Flow	—	—	—	—	—	—	1,899.6	1,849.1	776.9	887.6	—	—	—	—	—	—	2,551.1	20.3	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	—	—	—	—	—	—	1,959.1	1,645.6	627.5	773.6	—	—	—	—	—	—	—	2,198.6	—	—
Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow	—	—	—	0.0	37.5	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	19.5	33.7	31.8	20.7	13.4	18.1	24.3	2.1	1.5	1.4	1.9	7.1	3.9	—	0.2	0.3	2.1	5.4	8.5	0.6
Net Cash Flow from Investing Activities	840.7	(899.4)	126.5	230.5	160.1	308.6	514.7	56.7	103.1	75.0	381.6	(27.7)	540.6	—	250.2	272.1	2,549.7	(2,164.3)	(699.7)	(175.9)
Dividends Paid - Cash - Total - Cash Flow	0.0	0.0	0.0	0.0	0.2	244.9	0.0	0.5	39.8	0.0	0.0	3.9	194.2	—	0.0	0.0	108.1	140.6	—	—
Dividends - Common - Cash Paid	0.0	0.0	0.0	0.0	0.2	244.9	0.0	0.5	39.8	0.0	0.0	3.9	194.2	—	0.0	0.0	108.1	140.6	—	—
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	—	(2.8)	—	—	—	—	(331.2)	—	—	—	—	—	—	—	—	—	—	—	—	—
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	—	(2.8)	—	—	—	—	(331.2)	—	—	—	—	—	—	—	—	—	—	—	—	—
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	—	(2.8)	—	—	—	—	(331.2)	—	—	—	—	—	—	—	—	—	—	—	—	—
Stock - Common - Repurchased/Retired - Cash Flow	—	2.8	—	—	—	—	331.2	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(80.7)	(61.5)	(53.2)	(30.8)	(17.8)	46.0	(41.7)	—	—	0.0	(356.9)	0.0	(129.1)	—	(279.1)	(355.7)	(50.7)	435.2	(265.6)	156.8
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	—	—	—	—	—	—	—	—	—	0.0	(356.9)	0.0	(129.1)	—	(279.1)	(355.7)	(50.7)	522.7	(593.0)	557.4
Debt - Issued - Short-Term - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	41.0	523.0	—	—
Debt - Reduced - Short-Term - Cash Flow	—	—	—	—	—	—	—	—	—	0.0	356.9	0.0	129.1	—	279.1	355.7	91.7	0.3	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	(80.7)	(61.5)	(53.2)	(30.8)	(17.8)	46.0	(41.7)	—	—	—	—	—	—	—	—	—	0.0	(87.5)	327.4	(400.6)
Lease liabilities - Issued/(Reduced) - Cash Flow	(80.7)	(61.5)	(53.2)	(30.8)	(17.8)	(29.5)	(41.7)	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued - Long-Term - Cash Flow	—	—	—	—	—	75.6	—	—	—	—	—	—	—	—	—	—	—	—	628.7	0.0
Debt - Reduced - Long-Term - Cash Flow	80.7	61.5	53.2	30.8	17.8	29.5	41.7	—	—	—	—	—	—	—	—	—	0.0	87.5	301.3	400.6
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	80.7	61.5	53.2	30.8	17.8	29.5	41.7	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Financing Cash Flow - Increase/(Decrease)	(900.0)	900.0	—	0.0	0.0	1.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Financing Activities	(980.7)	835.8	(53.3)	(30.8)	(18.0)	(197.5)	(372.9)	(0.5)	(39.8)	0.0	(356.9)	(3.9)	(323.3)	—	(279.1)	(355.7)	(158.8)	294.6	(265.6)	156.8
Foreign Exchange Effects - Cash Flow	—	—	—	0.0	29.5	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Change in Cash - Total	(29.6)	(25.7)	55.7	(13.9)	16.7	(4.0)	(9.5)	7.5	4.5	(1.5)	(0.5)	(25.1)	442.9	—	(0.0)	7.3	617.3	(1,011.4)	(521.6)	577.8
Net Cash from Continuing Operations	(29.6)	(25.7)	55.7	(13.9)	16.7	(4.0)	(9.5)	7.5	4.5	(1.5)	(0.5)	(25.1)	442.9	—	(0.0)	7.3	617.3	(1,011.4)	(521.6)	577.8
Net Cash - Beginning Balance	42.3	68.0	12.3	26.1	9.4	13.4	23.4	15.8	11.3	12.8	13.3	38.4	(404.5)	—	(306.2)	(313.5)	(930.8)	80.6	602.2	24.4
Net Cash - Ending Balance	12.7	42.3	68.0	12.3	26.1	9.4	13.9	23.4	15.8	11.3	12.8	13.3	38.4	—	(306.2)	(306.2)	(313.5)	(930.8)	80.6	602.2
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	132.3	55.8	20.4	11.2	9.8	18.5	26.5	23.3	31.3	29.5	27.4	15.1	39.1	—	(21.6)	13.1	30.4	69.3	67.3	41.2
Interest Paid - Cash Flow - Supplemental	47.3	1.6	26.7	27.9	31.3	35.0	—	3.3	0.3	0.0	0.0	0.6	63.7	—	132.1	191.0	298.0	187.4	32.9	78.9
Interest & Dividends - Received - Cash Flow - Supplemental	40.9	14.6	15.1	8.3	8.2	15.6	25.2	7.3	40.7	29.2	19.0	0.0	253.9	—	52.0	41.5	33.8	230.1	182.1	333.5
CF from Optg Activities before Change in WC & Int Payments	236.0	(16.0)	(35.0)	(112.0)	(88.7)	(64.8)	(77.6)	(107.3)	(26.8)	(81.2)	(56.1)	(49.3)	243.1	—	158.6	283.7	(1,438.1)	1,019.3	438.9	601.4
Cash Dividends Paid & Common Stock Buyback - Net	—	2.8	—	—	—	—	331.2	—	—	—	—	—	—	—	—	—	—	—	—	—
Common Stock Buyback - Net	—	2.8	—	—	—	—	331.2	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation, Depletion & Amortization - Cash Flow	86.7	61.3	55.3	66.6	74.3	75.3	82.4	38.0	33.9	26.6	23.8	22.8	21.3	—	33.5	41.6	42.1	52.1	44.3	48.9
Free Cash Flow to Equity	(47.1)	(55.4)	(92.0)	(217.0)	(170.1)	(56.2)	356.9	(197.6)	(106.5)	(116.8)	(391.1)	3.9	91.0	—	(248.0)	(262.0)	(1,827.8)	1,302.1	92.1	722.5
Free Cash Flow Net of Dividends	33.6	4.4	(39.2)	(217.2)	(178.2)	(366.7)	(211.7)	(201.7)	(148.1)	(116.8)	(34.6)	(7.1)	25.8	—	27.7	89.5	(1,886.2)	698.9	350.5	565.2
Free Cash Flow	33.6	4.4	(39.2)	(217.2)	(178.0)	(121.8)	(211.7)	(201.2)	(108.3)	(116.8)	(34.6)	(3.2)	220.1	—	27.7	89.5	(1,778.1)	839.5	350.5	565.2

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