MACPAC Films Limited (MACFL) cash flow statement

Operating activities generated Rs 271.2 mn of cash in FY2026 (Jul 2025 – Jun 2026), up 125.2% on FY2025, 130% of the starting profit. Capital expenditure was Rs 274.3 mn, leaving free cash flow of -Rs 3.2 mn. Dividends paid to shareholders came to Rs 29.8 mn. Overall, cash increased by Rs 124.0 mn.

MACFL cash flow statement (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 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
Operating activities
Profit (cash-flow starting line, as reported)	209.1	115.6	417.6	700.7	262.6	274.0	(161.4)	(200.7)	66.1	126.1	116.2	128.7	31.4	294.8	—
Depreciation & amortisation	178.2	158.0	143.4	126.0	121.1	127.7	132.9	95.6	74.5	74.5	73.4	56.0	46.7	50.9	—
Net cash from operating activities	271.2	120.4	271.2	399.5	346.3	216.9	(16.5)	(13.7)	397.1	70.6	121.0	102.0	68.7	349.2	—
Investing activities
Capital expenditure	(274.3)	(67.8)	(253.5)	(67.7)	(174.1)	(121.9)	(37.6)	(569.4)	(448.5)	(79.3)	(45.6)	(124.4)	(99.0)	(183.9)	—
Net cash from investing activities	(253.2)	(77.8)	(247.1)	(66.2)	(173.4)	(96.5)	(14.6)	(404.8)	(442.5)	(79.3)	(3.7)	(124.0)	(98.1)	(183.5)	—
Financing activities
Dividends paid	(29.8)	(73.8)	(88.6)	(59.2)	0.0	(0.1)	(0.3)	(15.9)	(41.2)	(38.4)	(34.3)	0.0	(2.7)	(55.4)	—
Borrowings raised / (repaid)	135.9	(50.4)	(56.9)	(84.9)	(109.9)	(122.8)	6.6	451.7	(37.9)	29.4	(84.5)	25.3	38.5	(107.1)	—
Net cash from financing activities	106.1	(124.1)	(145.5)	(144.1)	(109.9)	(122.9)	6.3	435.8	75.4	(9.0)	(118.7)	25.3	35.8	(162.4)	—
Net change in cash	124.0	(81.5)	(121.3)	189.2	63.0	(2.5)	(24.8)	17.4	30.1	(17.7)	(1.4)	3.3	6.5	3.2	—
Key figures
Free cash flow (operating cash flow − capex)	(3.2)	52.6	17.8	331.7	172.2	95.1	(54.1)	(583.1)	(51.4)	(8.7)	75.5	(22.3)	(30.3)	165.3	—

MACFL cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 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
Operating activities
Profit (cash-flow starting line, as reported)	+80.9%	-72.3%	-40.4%	+166.8%	-4.2%	—	—	-403.7%	-47.6%	+8.6%	-9.8%	+310.4%	-89.4%	—	—
Depreciation & amortisation	+12.8%	+10.1%	+13.8%	+4.0%	-5.1%	-3.9%	+39.0%	+28.4%	-0.1%	+1.6%	+31.0%	+19.8%	-8.2%	—	—
Net cash from operating activities	+125.2%	-55.6%	-32.1%	+15.4%	+59.6%	—	—	-103.4%	+462.2%	-41.6%	+18.7%	+48.5%	-80.3%	—	—
Investing activities
Capital expenditure	+304.4%	-73.2%	+274.1%	-61.1%	+42.8%	+223.8%	-93.4%	+27.0%	+465.5%	+73.9%	-63.3%	+25.6%	-46.1%	—	—
Net cash from investing activities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Financing activities
Dividends paid	-59.5%	-16.7%	+49.7%	—	-100.0%	-52.1%	-98.1%	-61.4%	+7.3%	+12.2%	—	-100.0%	-95.1%	—	—
Borrowings raised / (repaid)	—	—	—	—	—	-1,950.3%	-98.5%	—	-228.6%	—	-434.0%	-34.3%	—	—	—
Net cash from financing activities	—	—	—	—	—	-2,043.2%	-98.5%	+477.7%	—	—	-569.5%	-29.4%	—	—	—
Net change in cash	—	—	-164.1%	+200.2%	—	—	-242.7%	-42.2%	—	—	-142.1%	-49.0%	+99.3%	—	—
Key figures
Free cash flow (operating cash flow − capex)	-106.0%	+195.5%	-94.6%	+92.6%	+81.2%	—	—	—	—	-111.5%	—	—	-118.3%	—	—

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. Updated 16 Oct 2026.

All reported line items 54

MACFL cash flow statement — all reported line items (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 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
Profit/(Loss) - Starting Line - Cash Flow	209.1	115.6	417.6	700.7	262.6	274.0	(161.4)	(200.7)	66.1	126.1	116.2	128.7	31.4	294.8	—
Non-cash Items & Reconciliation Adjustments - Cash Flow	363.0	298.6	293.1	324.4	240.3	209.3	299.2	290.5	136.3	113.1	106.7	172.1	78.8	(33.9)	—
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	35.2	18.2	9.0	70.2	25.8	8.2	185.8	112.2	40.1	11.9	10.9	79.4	12.2	(92.1)	—
Financial Income/(Expense) - Cash Flow - to Reconcile	152.7	109.6	135.1	133.7	93.9	91.7	157.0	88.7	22.5	26.6	23.2	37.0	20.7	7.3	—
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	178.2	158.0	143.4	126.0	121.1	127.7	132.9	95.6	74.5	74.5	73.4	56.0	46.7	50.9	—
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	174.0	153.8	140.3	125.9	121.0	127.5	132.7	95.4	74.2	74.2	73.3	56.0	46.7	50.9	—
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	4.2	4.2	3.2	0.1	0.1	0.1	0.2	0.2	0.2	0.3	0.0	0.0	0.0	0.0	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(3.1)	12.7	5.6	(5.7)	(0.6)	(18.3)	(176.5)	(6.0)	(0.8)	0.0	(0.9)	(0.3)	(0.8)	0.0	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	134.7	214.0	170.5	110.3	76.3	(38.8)	60.0	106.0	72.7	49.0	33.3	13.6	(20.5)	21.9	—
Interest Paid - Cash	160.0	83.8	88.9	138.3	90.4	100.3	148.4	84.0	20.3	25.1	16.2	37.3	11.4	0.3	—
Cash Flow from Operating Activities before Changes in Working Capital	277.3	116.3	451.3	776.5	336.1	421.8	(70.6)	(100.1)	109.5	165.0	173.3	249.9	119.3	238.8	—
Working Capital - Increase/(Decrease) - Cash Flow	(6.2)	4.1	(180.1)	(377.0)	10.1	(204.8)	54.1	86.5	287.6	(94.4)	(52.3)	(147.9)	(50.6)	110.4	—
Accounts Receivables - Decrease/(Increase) - Cash Flow	(508.8)	(90.0)	(16.7)	(257.2)	(243.5)	(196.3)	177.3	(34.9)	(171.9)	(5.3)	27.9	(106.7)	19.0	(27.9)	—
Inventories - Decrease/(Increase) - Cash Flow	(194.6)	(162.9)	19.0	(148.7)	(454.8)	(280.0)	47.1	115.6	(47.3)	21.3	(221.3)	4.6	(10.0)	(24.7)	—
Other Assets - Decrease/(Increase) - Cash Flow	10.3	(1.0)	42.0	(148.7)	(22.6)	135.9	(173.6)	(9.0)	(4.0)	(7.1)	(2.7)	3.4	8.2	(7.5)	—
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	758.7	122.0	(336.8)	362.6	691.0	117.3	(123.2)	(156.4)	510.8	(103.3)	153.7	(69.9)	(67.7)	171.3	—
Taxes Payable - Increase/(Decrease) - Cash Flow	—	—	1.0	—	—	—	—	—	—	0.0	(9.8)	20.6	0.0	(0.7)	—
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	(71.8)	136.1	111.4	(185.1)	40.0	18.2	126.5	171.1	—	—	—	—	—	—	—
Net Cash Flow from Operating Activities	271.2	120.4	271.2	399.5	346.3	216.9	(16.5)	(13.7)	397.1	70.6	121.0	102.0	68.7	349.2	—
Capital Expenditures - Net - Cash Flow	253.2	39.8	247.1	55.7	173.4	96.5	14.6	404.8	442.5	79.3	3.7	124.0	98.1	183.5	—
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	253.2	39.8	227.1	55.1	173.4	96.5	14.6	404.7	442.5	79.2	3.3	123.4	98.1	183.5	—
Property, Plant & Equipment - Purchased - Cash Flow	274.3	67.8	233.5	67.2	174.1	121.9	37.6	569.3	448.5	79.2	45.2	123.8	99.0	183.9	—
Property, Plant & Equipment Sold - Cash Flow	21.1	28.0	6.4	12.1	0.7	25.4	23.0	164.7	6.0	0.0	41.9	0.4	1.0	0.3	—
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	—	0.0	20.0	0.6	—	—	0.0	0.1	0.0	0.1	0.4	0.6	0.0	0.0	—
Intangible Assets - Purchased/Acquired - Cash Flow	—	0.0	20.0	0.6	—	—	0.0	0.1	0.0	0.1	0.4	0.6	0.0	0.0	—
Capital Expenditures - Total	274.3	67.8	253.5	67.7	174.1	121.9	37.6	569.4	448.5	79.3	45.6	124.4	99.0	183.9	—
Investments excluding Loans - Decrease/(Increase) - Cash Flow	—	(38.0)	0.0	(10.5)	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	—	(38.0)	0.0	(10.5)	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	—	38.0	0.0	10.5	—	—	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0	—
Net Cash Flow from Investing Activities	(253.2)	(77.8)	(247.1)	(66.2)	(173.4)	(96.5)	(14.6)	(404.8)	(442.5)	(79.3)	(3.7)	(124.0)	(98.1)	(183.5)	—
Dividends Paid - Cash - Total - Cash Flow	29.8	73.8	88.6	59.2	0.0	0.1	0.3	15.9	41.2	38.4	34.3	0.0	2.7	55.4	—
Dividends - Common - Cash Paid	29.8	73.8	88.6	59.2	0.0	0.1	0.3	15.9	41.2	38.4	34.3	0.0	2.7	55.4	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	135.9	(50.4)	(56.9)	(84.9)	(109.9)	(122.8)	6.6	451.7	(37.9)	29.4	(84.5)	25.3	38.5	(107.1)	—
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	206.9	—	—	—	—	—	—	169.4	19.0	99.9	(13.9)	(44.0)	0.9	(107.1)	—
Debt - Issued/Reduced - Long-Term - Cash Flow	(71.0)	(50.4)	(56.9)	(84.9)	(109.9)	(122.8)	6.6	282.3	(56.9)	(70.5)	(70.6)	69.3	37.6	0.0	—
Lease liabilities - Issued/(Reduced) - Cash Flow	(34.6)	(18.8)	(15.2)	(0.6)	(20.1)	—	—	—	—	—	—	—	—	—	—
Debt - Issued - Long-Term - Cash Flow	—	—	—	—	—	—	26.0	325.2	—	—	—	77.1	—	—	—
Debt - Reduced - Long-Term - Cash Flow	71.0	50.4	56.9	84.9	109.9	122.8	19.4	42.8	56.9	70.5	70.6	7.8	—	0.0	—
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	34.6	18.8	15.2	0.6	20.1	—	—	—	—	—	—	—	—	—	—
Other Financing Cash Flow - Increase/(Decrease)	—	—	—	—	0.0	—	—	0.0	154.5	—	—	—	—	—	—
Net Cash Flow from Financing Activities	106.1	(124.1)	(145.5)	(144.1)	(109.9)	(122.9)	6.3	435.8	75.4	(9.0)	(118.7)	25.3	35.8	(162.4)	—
Net Change in Cash - Total	124.0	(81.5)	(121.3)	189.2	63.0	(2.5)	(24.8)	17.4	30.1	(17.7)	(1.4)	3.3	6.5	3.2	—
Net Cash from Continuing Operations	124.0	(81.5)	(121.3)	189.2	63.0	(2.5)	(24.8)	17.4	30.1	(17.7)	(1.4)	3.3	6.5	3.2	—
Net Cash - Beginning Balance	65.1	146.6	267.9	78.7	15.7	18.2	43.0	25.6	(4.4)	13.2	14.6	11.3	4.9	1.6	—
Net Cash - Ending Balance	189.1	65.1	146.6	267.9	78.7	15.7	18.2	43.0	25.6	(4.4)	13.2	14.6	11.3	4.9	—
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	134.7	214.0	170.5	110.3	76.3	(38.8)	60.0	106.0	72.7	49.0	33.3	13.6	(20.5)	21.9	—
Interest Paid - Cash Flow - Supplemental	160.0	83.8	88.9	138.3	90.4	100.3	148.4	84.0	20.3	25.1	16.2	37.3	11.4	0.3	—
CF from Optg Activities before Change in WC & Int Payments	437.3	200.1	540.2	914.7	426.6	522.1	77.7	(16.1)	129.7	190.1	189.5	287.2	130.7	239.1	—
Contract Liabilities - Increase/(Decrease) - Cash Flow	(71.8)	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation, Depletion & Amortization - Cash Flow	178.2	158.0	143.4	126.0	121.1	127.7	132.9	95.6	74.5	74.5	73.4	56.0	46.7	50.9	—
Free Cash Flow to Equity	153.9	30.3	(32.7)	258.9	63.0	(2.4)	(24.5)	33.3	(83.2)	20.8	32.9	3.3	9.2	58.6	—
Free Cash Flow Net of Dividends	(33.0)	(21.2)	(70.8)	272.6	172.2	94.9	(54.4)	(599.0)	(92.6)	(47.1)	41.2	(22.3)	(33.0)	110.0	—
Free Cash Flow	(3.2)	52.6	17.8	331.7	172.2	95.1	(54.1)	(583.1)	(51.4)	(8.7)	75.5	(22.3)	(30.3)	165.3	—

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