K-Electric Limited (KEL) quarterly cash flow statement

Operating activities generated -Rs 17.6 bn of cash in Q4 FY2024 (Apr – Jun 2024), down 144.2% on Q4 FY2023, -1,332% of the starting profit. Capital expenditure was Rs 14.1 bn, leaving free cash flow of -Rs 31.7 bn. Overall, cash decreased by Rs 14.5 bn.

KEL cash flow statement (quarterly) (Rs bn)
Rs bn	TTM to Jun 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021	Q4 FY2021 Apr – Jun 2021	Q3 FY2021 Jan – Mar 2021	Q2 FY2021 Oct – Dec 2020	Q1 FY2021 Jul – Sep 2020	Q4 FY2020 Apr – Jun 2020	Q3 FY2020 Jan – Mar 2020	Q2 FY2020 Oct – Dec 2019	Q1 FY2020 Jul – Sep 2019
Operating activities
Profit (cash-flow starting line, as reported)	—	1.3	—	—	(7.0)	(6.4)	(11.2)	(9.7)	(15.2)	1.3	(0.9)	1.2	4.0	3.3	3.4	6.5	2.1	(5.8)	1.4	0.8	4.0
Depreciation & amortisation	—	5.7	—	—	5.2	5.6	6.4	6.2	6.1	5.8	5.3	4.9	4.8	4.8	4.4	5.2	5.0	5.2	5.0	4.9	4.4
Net cash from operating activities	—	(17.6)	—	—	31.0	39.9	19.7	(1.9)	3.0	(25.0)	3.0	(11.2)	8.2	14.4	13.3	13.0	1.6	25.7	2.6	(1.5)	(4.2)
Investing activities
Capital expenditure	—	(14.1)	—	—	(6.4)	(26.4)	(8.1)	(9.3)	(6.0)	(14.3)	(13.8)	(12.6)	(10.6)	(19.4)	(30.8)	(18.4)	(8.0)	(8.9)	(8.1)	(25.7)	(7.3)
Net cash from investing activities	—	(12.9)	—	—	(5.0)	(28.3)	(7.0)	(6.5)	(7.6)	(29.6)	(12.8)	(11.8)	(9.6)	(18.6)	(29.7)	(18.1)	(8.0)	(8.6)	(7.9)	(25.7)	(7.2)
Financing activities
Borrowings raised / (repaid)	—	16.1	—	—	(5.8)	(0.1)	(8.0)	4.7	3.2	44.8	11.0	23.1	2.5	(0.6)	14.6	3.6	3.3	3.2	(5.6)	14.2	13.7
Net cash from financing activities	—	16.1	—	—	(5.8)	(1.0)	(7.7)	4.9	3.5	45.1	11.1	23.5	2.8	(0.3)	15.0	3.9	3.5	3.4	(5.4)	14.4	14.0
Net change in cash	—	(14.5)	—	—	20.2	10.6	4.9	(3.5)	(1.1)	(9.5)	1.4	0.5	1.4	(4.5)	(1.4)	(1.3)	(3.0)	20.5	(10.6)	(12.8)	2.6
Key figures
Free cash flow (operating cash flow − capex)	—	(31.7)	—	—	24.6	13.5	11.6	(11.2)	(3.0)	(39.3)	(10.7)	(23.8)	(2.4)	(4.9)	(17.5)	(5.5)	(6.4)	16.8	(5.4)	(27.2)	(11.4)

KEL cash flow statement — year-on-year change (Rs mn)
Rs mn	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021	Q4 FY2021 Apr – Jun 2021	Q3 FY2021 Jan – Mar 2021	Q2 FY2021 Oct – Dec 2020	Q1 FY2021 Jul – Sep 2020	Q4 FY2020 Apr – Jun 2020	Q3 FY2020 Jan – Mar 2020	Q2 FY2020 Oct – Dec 2019	Q1 FY2020 Jul – Sep 2019
Operating activities
Profit (cash-flow starting line, as reported)	—	—	—	—	-587.4%	—	-922.8%	-482.4%	-60.2%	-127.8%	-81.9%	+85.7%	—	+144.8%	+727.5%	-46.7%	-376.3%	+93.9%	-70.0%	+17.6%
Depreciation & amortisation	+0.8%	—	—	-14.6%	-3.9%	+21.2%	+26.9%	+25.9%	+22.0%	+19.3%	-5.8%	-3.5%	-7.6%	-12.6%	+5.2%	+13.4%	+8.4%	+31.8%	+30.1%	+20.7%
Net cash from operating activities	-144.2%	—	—	+927.3%	—	+548.0%	—	-63.4%	-273.3%	-77.2%	-186.1%	+426.2%	-43.9%	+406.2%	—	—	—	+7.9%	—	—
Investing activities
Capital expenditure	-46.5%	—	—	+6.8%	+84.7%	-41.2%	-26.3%	-43.6%	-26.4%	-55.2%	-31.6%	+33.4%	+118.6%	+281.6%	-28.2%	+9.5%	+4.5%	-30.3%	+192.0%	+8.4%
Net cash from investing activities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Financing activities
Borrowings raised / (repaid)	—	—	—	-279.8%	-100.2%	-173.1%	-79.8%	+28.7%	—	-24.8%	+539.9%	-22.8%	-117.5%	—	-74.4%	-76.2%	-44.1%	-130.5%	-43.4%	+715.0%
Net cash from financing activities	—	—	—	-266.3%	-102.1%	-169.3%	-78.9%	+23.3%	—	-25.9%	+508.7%	-17.7%	-108.3%	—	-73.2%	-75.4%	-44.7%	-128.6%	-43.0%	+626.4%
Net change in cash	-236.9%	—	—	—	—	+259.9%	-798.7%	-178.7%	—	—	—	—	-121.9%	—	—	-212.8%	—	-210.4%	-341.1%	—
Key figures
Free cash flow (operating cash flow − capex)	-334.6%	—	—	—	—	—	—	—	—	—	—	—	-129.4%	—	—	—	—	—	—	—

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 54

KEL cash flow statement — all reported line items (Rs bn)
Rs bn	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q4 FY2022 Apr – Jun 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021	Q4 FY2021 Apr – Jun 2021	Q3 FY2021 Jan – Mar 2021	Q2 FY2021 Oct – Dec 2020	Q1 FY2021 Jul – Sep 2020	Q4 FY2020 Apr – Jun 2020	Q3 FY2020 Jan – Mar 2020	Q2 FY2020 Oct – Dec 2019	Q1 FY2020 Jul – Sep 2019
Profit/(Loss) - Starting Line - Cash Flow	1.3	—	—	(7.0)	(6.4)	(11.2)	(9.7)	(15.2)	1.3	(0.9)	1.2	4.0	3.3	3.4	6.5	2.1	(5.8)	1.4	0.8	4.0
Non-cash Items & Reconciliation Adjustments - Cash Flow	39.0	—	—	47.3	36.1	27.0	25.1	23.6	31.9	11.7	14.9	10.7	9.3	13.5	12.1	11.7	17.7	7.6	14.3	11.8
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	33.1	—	—	23.6	18.6	26.2	13.4	17.3	24.8	4.7	7.1	5.6	3.5	6.0	4.3	3.8	6.5	1.7	4.7	2.9
Financial Income/(Expense) - Cash Flow - to Reconcile	10.5	—	—	19.0	11.9	8.4	6.1	6.1	4.9	3.3	3.2	2.9	2.7	2.7	2.5	3.0	6.6	2.0	4.3	3.5
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	5.7	—	—	5.2	5.6	6.7	6.4	6.1	5.8	5.3	4.9	4.8	4.8	4.4	5.2	5.0	5.2	5.0	4.9	4.4
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	5.7	—	—	5.2	5.6	6.4	6.2	6.1	5.8	5.3	4.9	4.8	4.8	4.4	5.2	5.0	5.2	5.0	4.9	4.4
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile	—	—	—	—	0.0	0.3	0.2	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(10.3)	—	—	(0.7)	(0.5)	(0.5)	(0.3)	(0.2)	(0.6)	(0.6)	(0.1)	(0.9)	(0.8)	(0.9)	(0.3)	0.0	(0.1)	(0.1)	0.0	(0.0)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	(0.0)	—	—	0.2	0.4	(13.7)	(0.5)	(5.7)	(3.0)	(0.9)	(0.2)	(1.9)	(0.9)	1.2	0.3	(0.1)	(0.4)	(1.1)	0.4	0.9
Income Taxes - Paid/(Reimbursed) - Cash Flow	2.7	—	—	(0.2)	3.0	1.5	1.1	0.6	0.2	0.4	0.6	2.3	0.9	1.7	0.1	0.1	0.7	1.1	1.5	0.1
Interest Paid - Cash	11.1	—	—	14.2	12.2	13.6	11.5	11.0	2.0	9.3	6.1	2.7	6.9	2.3	2.6	3.1	12.7	1.7	4.2	3.1
Interest & Dividends - Received - Total - Cash Flow	1.5	—	—	0.7	0.6	0.4	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1
Cash Flow from Operating Activities before Changes in Working Capital	28.0	—	—	27.0	15.2	1.1	3.1	(2.9)	31.1	1.1	9.5	9.7	4.9	13.0	16.0	10.7	(1.4)	6.3	9.6	12.7
Working Capital - Increase/(Decrease) - Cash Flow	(45.6)	—	—	4.0	24.7	18.5	(5.0)	6.0	(56.2)	1.9	(20.7)	(1.5)	9.5	0.3	(3.0)	(9.1)	27.1	(3.7)	(11.1)	(16.9)
Accounts Receivables - Decrease/(Increase) - Cash Flow	102.4	—	—	3.9	151.3	21.6	0.4	(37.0)	(65.6)	(37.1)	(26.0)	(27.8)	(28.1)	(29.5)	(0.7)	(26.0)	4.7	(28.0)	(19.7)	(39.0)
Inventories - Decrease/(Increase) - Cash Flow	1.1	—	—	(1.4)	(1.2)	(0.8)	2.5	(2.1)	2.7	0.8	(0.5)	(4.3)	0.6	(1.3)	(0.4)	(2.2)	1.5	0.5	(2.4)	(0.7)
Other Assets - Decrease/(Increase) - Cash Flow	(8.9)	—	—	(0.9)	0.2	(1.7)	0.3	(2.6)	(1.2)	(1.3)	(1.2)	(0.4)	0.1	(0.9)	(0.5)	0.9	(2.0)	0.1	1.5	0.2
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	(139.7)	—	—	2.1	(119.3)	(2.0)	(7.5)	47.6	10.1	37.7	5.2	28.1	37.2	30.8	0.4	17.4	23.9	22.7	8.8	21.4
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	(0.5)	—	—	0.3	(6.2)	1.4	(0.7)	0.1	(2.2)	1.8	1.9	2.8	(0.3)	1.2	(1.8)	0.8	(1.0)	1.1	0.7	1.2
Net Cash Flow from Operating Activities	(17.6)	—	—	31.0	39.9	19.7	(1.9)	3.0	(25.0)	3.0	(11.2)	8.2	14.4	13.3	13.0	1.6	25.7	2.6	(1.5)	(4.2)
Capital Expenditures - Net - Cash Flow	13.4	—	—	5.6	25.7	7.5	8.9	5.6	13.0	12.8	11.7	9.6	18.5	29.7	18.1	8.0	8.6	7.9	25.7	7.2
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	13.4	—	—	5.6	25.7	7.5	8.9	5.6	13.0	12.8	11.7	9.6	18.5	29.7	18.1	8.0	8.6	7.9	25.7	7.2
Property, Plant & Equipment - Purchased - Cash Flow	14.1	—	—	6.4	26.4	8.1	9.3	6.0	14.3	13.8	12.6	10.6	19.4	30.8	18.4	8.0	8.9	8.1	25.7	7.3
Property, Plant & Equipment Sold - Cash Flow	0.7	—	—	0.8	0.6	0.6	0.4	0.4	1.2	1.0	0.9	1.0	0.9	1.0	0.3	0.0	0.3	0.2	0.0	0.1
Capital Expenditures - Total	14.1	—	—	6.4	26.4	8.1	9.3	6.0	14.3	13.8	12.6	10.6	19.4	30.8	18.4	8.0	8.9	8.1	25.7	7.3
Investments excluding Loans - Decrease/(Increase) - Cash Flow	0.5	—	—	0.6	(2.6)	0.5	2.4	(2.0)	(16.5)	—	—	0.0	—	—	—	—	—	—	—	—
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	0.5	—	—	0.6	(2.6)	0.5	2.4	(2.0)	(16.5)	—	—	0.0	—	—	—	—	—	—	—	—
Investment Securities - Sold/Matured - Unclassified - Cash Flow	0.5	—	—	0.6	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	—	—	—	—	—	—	—	2.0	16.5	—	—	0.0	—	—	—	—	—	—	—	—
Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow	—	—	—	—	—	—	—	—	—	—	(0.1)	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	—	—	—	—	—	—	—	—	—	—	—	—	(0.2)	—	—	—	—	—	—	—
Net Cash Flow from Investing Activities	(12.9)	—	—	(5.0)	(28.3)	(7.0)	(6.5)	(7.6)	(29.6)	(12.8)	(11.8)	(9.6)	(18.6)	(29.7)	(18.1)	(8.0)	(8.6)	(7.9)	(25.7)	(7.2)
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	16.1	—	—	(5.8)	(0.1)	(8.0)	4.7	3.2	44.8	11.0	23.1	2.5	(0.6)	14.6	3.6	3.3	3.2	(5.6)	14.2	13.7
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	23.1	—	—	0.7	(14.4)	(2.0)	12.0	(3.6)	(3.9)	3.4	(12.5)	7.2	2.0	19.4	1.5	2.2	3.5	(8.5)	(12.1)	17.0
Debt - Issued/Reduced - Long-Term - Cash Flow	(7.0)	—	—	(6.5)	14.3	(6.0)	(7.3)	6.9	48.7	7.6	35.7	(4.7)	(2.6)	(4.8)	2.1	1.0	(0.2)	2.9	26.3	(3.2)
Lease liabilities - Issued/(Reduced) - Cash Flow	(0.0)	—	—	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	0.0	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Debt - Issued - Long-Term - Cash Flow	—	—	—	—	14.3	—	—	6.9	49.8	8.7	35.7	—	—	0.0	3.2	1.1	0.9	2.9	26.3	—
Lease liabilities - Issued - Cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	—	—	—	—	—	—
Debt - Reduced - Long-Term - Cash Flow	7.0	—	—	6.5	0.0	6.0	7.3	0.0	1.1	1.1	0.0	4.7	2.6	4.8	1.1	0.0	1.2	0.0	0.0	3.2
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	0.0	—	—	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—	0.0	0.0	0.0	0.0	0.0	0.0
Other Financing Cash Flow - Increase/(Decrease)	—	—	—	—	(0.9)	0.3	0.3	0.3	0.3	0.2	0.3	0.3	0.3	0.4	0.2	0.2	0.1	0.3	0.3	0.3
Net Cash Flow from Financing Activities	16.1	—	—	(5.8)	(1.0)	(7.7)	4.9	3.5	45.1	11.1	23.5	2.8	(0.3)	15.0	3.9	3.5	3.4	(5.4)	14.4	14.0
Net Change in Cash - Total	(14.5)	—	—	20.2	10.6	4.9	(3.5)	(1.1)	(9.5)	1.4	0.5	1.4	(4.5)	(1.4)	(1.3)	(3.0)	20.5	(10.6)	(12.8)	2.6
Net Cash from Continuing Operations	(14.5)	—	—	20.2	10.6	4.9	(3.5)	(1.1)	(9.5)	1.4	0.5	1.4	(4.5)	(1.4)	(1.3)	(3.0)	20.5	(10.6)	(12.8)	2.6
Net Cash - Beginning Balance	(12.6)	—	—	(30.9)	(41.5)	(46.4)	(43.0)	(41.8)	(32.4)	(33.9)	(34.4)	(35.8)	(31.5)	(30.1)	(28.8)	(25.8)	(46.3)	(35.7)	(22.9)	(25.5)
Net Cash - Ending Balance	(27.1)	—	—	(10.7)	(30.9)	(41.5)	(46.4)	(43.0)	(41.8)	(32.5)	(33.9)	(34.4)	(36.0)	(31.5)	(30.1)	(28.8)	(25.8)	(46.3)	(35.7)	(22.9)
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	2.7	—	—	(0.2)	3.0	1.5	1.1	0.6	0.2	0.4	0.6	2.3	0.9	1.7	0.1	0.1	0.7	1.1	1.5	0.1
Interest Paid - Cash Flow - Supplemental	11.1	—	—	14.2	12.2	13.6	11.5	11.0	2.0	9.3	6.1	2.7	6.9	2.3	2.6	3.1	12.7	1.7	4.2	3.1
Interest & Dividends - Received - Cash Flow - Supplemental	1.5	—	—	0.7	0.6	0.4	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1
CF from Optg Activities before Change in WC & Int Payments	39.1	—	—	41.2	27.4	14.7	14.6	8.0	33.2	10.5	15.6	12.4	11.8	15.3	18.6	13.8	11.3	7.9	13.7	15.8
Depreciation, Depletion & Amortization - Cash Flow	5.7	—	—	5.2	5.6	6.4	6.2	6.1	5.8	5.3	4.9	4.8	4.8	4.4	5.2	5.0	5.2	5.0	4.9	4.4
Free Cash Flow to Equity	(15.0)	—	—	19.6	14.1	4.1	(6.2)	0.6	6.7	1.2	0.3	1.1	(4.6)	(1.8)	(1.6)	(3.1)	20.4	(10.9)	(13.1)	2.3
Free Cash Flow Net of Dividends	(31.7)	—	—	24.6	13.5	11.6	(11.2)	(3.0)	(39.3)	(10.7)	(23.8)	(2.4)	(4.9)	(17.5)	(5.5)	(6.4)	16.8	(5.4)	(27.2)	(11.4)
Free Cash Flow	(31.7)	—	—	24.6	13.5	11.6	(11.2)	(3.0)	(39.3)	(10.7)	(23.8)	(2.4)	(4.9)	(17.5)	(5.5)	(6.4)	16.8	(5.4)	(27.2)	(11.4)

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