MCB Bank Limited (MCB) cash flow statement

Operating activities generated Rs 675.7 bn of cash in FY2025 (Jan – Dec 2025). Capital expenditure was Rs 14.9 bn. Dividends paid to shareholders came to Rs 42.4 bn. Overall, cash increased by Rs 38.7 bn.

MCB cash flow statement (annual) (Rs bn)
Rs bn	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 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 * Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Net cash from operating activities	675.7	(171.0)	567.5	(103.4)	22.9	202.5	194.6	45.1	91.2	67.7	29.2	33.2	111.0	58.5	111.6	78.2	56.6	19.4	47.1	7.5
Capital expenditure	(14.9)	(13.5)	(8.8)	(5.3)	(3.7)	(3.4)	(5.8)	(5.2)	(5.4)	(4.3)	(4.1)	(4.8)	(4.7)	(3.4)	(2.5)	(2.6)	(1.9)	(2.2)	(3.0)	(1.9)
Net cash from investing activities	(747.5)	108.8	(320.1)	(7.3)	(47.2)	(283.2)	1.4	(101.0)	(78.8)	3.2	(49.0)	(50.6)	(55.1)	(83.4)	(106.8)	(48.6)	(70.8)	7.6	(52.3)	4.2
Dividends paid	(42.4)	(42.4)	(32.4)	(21.9)	(34.2)	(11.9)	(18.9)	(20.2)	(17.3)	(17.9)	(17.3)	(15.3)	(12.8)	(11.9)	(9.8)	(8.6)	(6.7)	(9.8)	(4.7)	(3.1)
Net cash from financing activities	110.6	47.0	(156.0)	49.5	60.4	78.5	(154.5)	61.7	20.5	(58.7)	41.4	6.1	(53.0)	27.4	4.1	(27.5)	15.3	(27.1)	9.6	2.2
Net change in cash	38.7	(16.1)	101.9	(51.6)	41.4	(0.7)	45.0	11.4	34.0	11.7	21.7	(12.0)	3.7	3.0	9.2	2.2	1.8	(1.7)	4.1	13.9

MCB 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 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 * Jan – Dec 2009	FY2008 * Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Net cash from operating activities	—	-130.1%	—	-552.2%	-88.7%	+4.1%	+331.6%	-50.6%	+34.8%	+131.6%	-12.1%	-70.0%	+89.5%	-47.6%	+42.7%	+38.1%	+191.8%	-58.8%	+527.4%	—
Capital expenditure	+10.9%	+52.2%	+65.4%	+46.2%	+7.2%	-41.5%	+12.4%	-4.2%	+25.4%	+6.5%	-14.8%	+1.7%	+37.0%	+39.5%	-5.8%	+34.7%	-10.6%	-27.0%	+59.9%	—
Net cash from investing activities	-787.0%	—	—	—	—	-20,826.8%	—	—	-2,596.4%	—	—	—	—	—	—	—	-1,031.4%	—	-1,332.6%	—
Dividends paid	-0.1%	+31.0%	+47.8%	-36.0%	+188.2%	-37.1%	-6.3%	+16.4%	-3.1%	+3.4%	+13.2%	+19.7%	+7.3%	+21.5%	+14.2%	+27.2%	-31.5%	+108.0%	+51.4%	—
Net cash from financing activities	+135.5%	—	-415.1%	-18.1%	-23.0%	—	-350.3%	+200.8%	—	-241.8%	+575.5%	—	-293.6%	+573.1%	—	-280.5%	—	-381.3%	+340.7%	—
Net change in cash	—	-115.8%	—	-224.4%	—	-101.5%	+295.0%	-66.5%	+191.6%	-46.1%	—	-423.4%	+22.1%	-67.2%	+326.4%	+23.3%	—	-141.9%	-70.2%	—

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 71

MCB cash flow statement — all reported line items (Rs bn)
Rs bn	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 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 Jan – Dec 2008	FY2007 Jan – Dec 2007	FY2006 Jan – Dec 2006
Profit/(Loss) - Starting Line - Cash Flow	125.1	131.2	137.5	75.3	53.3	49.3	40.2	30.8	30.6	36.7	42.8	37.4	32.9	32.1	31.3	26.5	23.3	21.9	22.5	18.9
Non-cash Items & Reconciliation Adjustments - Cash Flow	(161.9)	(159.7)	7.5	2.5	(2.0)	12.4	7.0	1.1	1.0	0.9	1.3	(0.9)	10.9	(0.8)	3.2	4.1	8.0	4.6	2.1	0.7
Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile	—	—	—	—	—	—	0.0	(0.1)	(0.3)	(0.1)	(0.1)	—	—	—	—	—	—	—	—	—
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(164.8)	(169.7)	0.5	0.0	(0.7)	0.7	0.3	(0.4)	(1.9)	(2.2)	(0.6)	(1.9)	12.0	(2.9)	(0.9)	(0.1)	1.1	2.2	(1.7)	(1.0)
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	8.7	7.7	6.1	5.2	4.8	4.6	4.3	2.6	2.2	2.1	2.4	2.1	1.8	1.7	1.4	1.2	1.1	1.0	0.8	0.7
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	8.0	6.9	5.6	4.6	4.3	4.1	3.9	2.3	1.9	1.7	2.1	1.7	1.6	1.4	1.1	1.0	0.9	0.8	0.6	0.6
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	0.7	0.8	0.6	0.6	0.5	0.5	0.4	0.4	0.3	0.4	0.4	0.4	0.3	0.3	0.3	0.2	0.2	0.1	0.2	0.1
Loan Loss Provision including Impairment - Increase/(Decrease) - Cash Flow	(5.1)	4.9	0.3	(2.0)	(4.7)	7.4	2.7	(0.8)	1.0	1.2	(0.3)	(1.1)	(2.8)	0.5	2.8	3.1	5.8	1.3	3.0	1.0
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile	—	—	—	—	0.0	0.0	—	0.0	0.0	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.1
Impairment - Financial Fixed Assets - Operating - Cash Flow - to Reconcile	—	(0.0)	0.8	(0.6)	(0.8)	(0.1)	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(0.3)	(0.2)	(0.2)	(0.1)	(0.7)	(0.1)	(0.2)	(0.3)	(0.0)	(0.1)	(0.1)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Property, Plant & Equipment including Intangible Assets - Gain/(Loss) - Cash Flow	(0.3)	(0.2)	(0.2)	(0.1)	(0.7)	(0.1)	(0.2)	(0.3)	(0.0)	(0.1)	(0.1)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	(0.4)	(2.3)	0.0	0.0	0.0	(0.1)	(0.1)	0.0	0.0	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	0.1	0.0	0.0
Income Taxes - Paid/(Reimbursed) - Cash Flow	77.9	83.9	66.2	28.4	21.7	16.3	2.5	3.4	7.8	16.3	16.1	9.1	10.4	14.7	14.8	11.7	4.4	7.9	6.2	4.9
Interest Paid - Cash	200.7	211.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest & Dividends - Received - Total - Cash Flow	317.8	427.6	2.7	2.3	2.2	1.2	1.4	1.6	1.6	1.4	1.2	1.0	0.8	1.1	0.9	0.6	0.4	0.5	0.6	0.8
Cash Flow from Operating Activities before Changes in Working Capital	2.3	103.3	81.6	51.7	31.7	46.6	46.1	30.1	25.4	22.6	29.2	28.3	34.3	17.7	20.6	19.5	27.4	19.1	19.1	15.5
Working Capital - Increase/(Decrease) - Cash Flow	673.4	(274.3)	485.9	(155.1)	(8.8)	155.9	148.4	15.0	65.8	45.1	0.1	4.9	76.7	40.8	91.0	58.7	29.2	0.3	28.0	(8.0)
Other Assets - Decrease/(Increase) - Cash Flow	(4.4)	61.2	(109.5)	(31.4)	(4.5)	17.6	(17.7)	(11.2)	(2.7)	3.0	3.7	(12.2)	(2.8)	(1.8)	0.4	(2.3)	(3.4)	(1.9)	(6.8)	(5.5)
Lending & Deposits - Due from Banks - Long-Term - Decrease/(Increase) - Cash Flow	(41.4)	32.1	(33.1)	(16.0)	(22.6)	(11.9)	33.1	(33.9)	(2.5)	0.1	(3.7)	(0.2)	0.3	(0.6)	3.4	(1.4)	1.1	(3.0)	20.0	(11.1)
Investment Securities - Decrease/(Increase) - Operating - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	(0.0)	0.1	(0.0)	(0.5)	0.1
Loans - Customer - Decrease/(Increase) - Cash Flow	349.1	(525.5)	174.1	(156.5)	(134.0)	(6.7)	18.6	(63.1)	(64.3)	(48.8)	(11.0)	(54.4)	(5.9)	(13.1)	25.9	(4.5)	3.0	(44.9)	(23.7)	(19.0)
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	(29.0)	37.3	(22.7)	50.6	6.5	(5.2)	10.1	2.0	11.6	1.3	(6.8)	15.8	(2.2)	2.5	1.4	3.1	(9.0)	12.0	4.1	(0.3)
Deposits - Increase/(Decrease) - Total - Cash Flow	399.0	120.7	477.1	(1.9)	145.8	162.1	104.3	121.2	123.7	89.4	18.0	56.0	87.3	53.8	59.9	63.7	37.4	38.2	34.9	27.8
Net Cash Flow from Operating Activities	675.7	(171.0)	567.5	(103.4)	22.9	202.5	194.6	45.1	91.2	67.7	29.2	33.2	111.0	58.5	111.6	78.2	56.6	19.4	47.1	7.5
Capital Expenditures - Net - Cash Flow	12.6	12.8	6.8	4.8	1.2	3.2	5.1	3.9	5.3	3.6	3.8	4.7	4.5	3.4	2.4	2.6	1.8	1.9	2.9	1.8
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	11.1	11.3	6.1	4.4	0.7	2.8	4.2	3.6	4.6	3.6	3.8	4.7	4.5	3.4	2.4	2.6	1.8	1.9	2.9	1.8
Property, Plant & Equipment - Purchased - Cash Flow	13.5	11.9	8.1	4.9	3.2	3.1	4.9	4.8	4.7	4.3	4.1	4.8	4.7	3.4	2.5	2.6	1.9	2.2	3.0	1.9
Property, Plant & Equipment Sold - Cash Flow	2.3	0.6	2.1	0.6	2.5	0.2	0.7	1.3	0.1	0.7	0.2	0.1	0.2	0.1	0.0	0.0	0.1	0.3	0.1	0.1
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	1.5	1.6	0.7	0.4	0.5	0.4	0.9	0.4	0.7	—	—	—	—	—	—	—	—	—	—	—
Intangible Assets - Purchased/Acquired - Cash Flow	1.5	1.6	0.7	0.4	0.5	0.4	0.9	0.4	0.7	—	—	—	—	—	—	—	—	—	—	—
Capital Expenditures - Total	14.9	13.5	8.8	5.3	3.7	3.4	5.8	5.2	5.4	4.3	4.1	4.8	4.7	3.4	2.5	2.6	1.9	2.2	3.0	1.9
Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow	—	0.0	(0.6)	0.0	0.0	0.1	—	—	—	—	—	—	—	—	0.0	0.0	—	—	—	—
Acquisition of Business - Cash Flow	—	0.0	0.6	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Business - Sold - Cash Flow	—	—	—	—	0.0	0.1	—	—	—	—	—	—	—	—	0.0	0.0	—	—	—	—
Investments excluding Loans - Decrease/(Increase) - Cash Flow	(734.6)	121.3	(317.3)	(3.5)	(46.9)	(280.4)	5.4	(98.6)	(88.9)	6.2	(45.5)	(45.9)	(50.6)	(80.1)	(104.5)	(46.1)	(69.0)	9.5	(49.4)	6.0
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	(734.6)	121.3	(317.3)	(3.5)	(46.9)	(280.4)	5.4	(98.6)	(88.9)	6.2	(45.5)	(45.9)	(50.6)	(80.1)	(104.5)	(46.1)	(69.0)	9.5	(49.4)	6.0
Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow	0.1	(0.1)	0.3	0.1	—	—	0.0	0.3	0.8	0.6	0.3	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	(0.4)	0.4	4.4	0.9	0.9	0.2	1.1	1.2	14.6	0.0	0.0	—	0.0	0.0	0.0	0.0	—	—	—	—
Net Cash Flow from Investing Activities	(747.5)	108.8	(320.1)	(7.3)	(47.2)	(283.2)	1.4	(101.0)	(78.8)	3.2	(49.0)	(50.6)	(55.1)	(83.4)	(106.8)	(48.6)	(70.8)	7.6	(52.3)	4.2
Dividends Paid - Cash - Total - Cash Flow	42.4	42.4	32.4	21.9	34.2	11.9	18.9	20.2	17.3	17.9	17.3	15.3	12.8	11.9	9.8	8.6	6.7	9.8	4.7	3.1
Dividends - Common - Cash Paid	42.4	42.4	32.4	21.9	34.2	11.9	18.9	20.2	17.3	17.9	17.3	15.3	12.8	11.9	9.8	8.6	6.7	9.8	4.7	3.1
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	8.7
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	8.7
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	8.7
Stock - Common - Issued/Sold - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	8.7
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	153.0	89.4	(123.6)	71.4	94.6	90.4	(135.6)	81.9	37.8	(40.8)	58.7	21.4	(40.2)	39.2	13.8	(19.0)	22.0	(17.2)	14.3	(3.4)
Debt - Issued/(Reduced) - Long-Term & Short-Term - Cash Flow	157.2	92.9	(120.6)	74.0	97.0	92.7	(133.6)	81.9	37.8	(40.8)	58.7	21.4	(40.2)	39.2	13.8	(19.0)	22.0	(16.7)	15.5	(3.4)
Debt - Issued - Long-Term & Short-Term - Cash Flow	—	—	—	—	—	92.7	—	81.9	37.8	—	—	—	—	—	—	—	—	—	—	—
Debt - Reduced - Long-Term & Short-Term - Cash Flow	—	—	—	—	—	0.0	133.6	0.0	0.0	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	(4.2)	(3.5)	(3.0)	(2.6)	(2.4)	(2.3)	(2.0)	—	—	—	—	—	—	—	—	—	0.0	(0.5)	(1.1)	(0.0)
Lease liabilities - Issued/(Reduced) - Cash Flow	(4.2)	(3.5)	(3.0)	(2.6)	(2.4)	(2.3)	(2.0)	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Reduced - Long-Term - Cash Flow	4.2	3.5	3.0	2.6	2.4	2.3	2.0	—	—	—	—	—	—	—	—	—	—	—	—	—
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	4.2	3.5	3.0	2.6	2.4	2.3	2.0	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Financing Activities	110.6	47.0	(156.0)	49.5	60.4	78.5	(154.5)	61.7	20.5	(58.7)	41.4	6.1	(53.0)	27.4	4.1	(27.5)	15.3	(27.1)	9.6	2.2
Non-Classified Cash Flows	(0.6)	(0.6)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Foreign Exchange Effects - Cash Flow	0.5	(0.4)	10.5	9.6	5.3	1.6	3.6	5.6	1.0	(0.5)	0.0	(0.7)	0.8	0.5	0.4	0.1	0.7	(1.7)	(0.3)	(0.1)
Net Change in Cash - Total	38.7	(16.1)	101.9	(51.6)	41.4	(0.7)	45.0	11.4	34.0	11.7	21.7	(12.0)	3.7	3.0	9.2	2.2	1.8	(1.7)	4.1	13.9
Net Cash from Continuing Operations	39.3	(15.6)	101.9	(51.6)	41.4	(0.7)	45.0	11.4	34.0	11.7	21.7	(12.0)	3.7	3.0	9.2	2.2	1.8	(1.7)	4.1	13.9
Net Cash - Beginning Balance	211.4	227.4	125.1	187.2	155.4	161.4	118.0	110.2	81.7	71.1	49.2	61.4	57.2	54.8	46.1	44.8	43.1	45.5	39.4	25.3
Net Cash - Ending Balance	250.1	211.3	227.0	135.6	196.8	160.7	163.0	121.6	115.7	82.8	70.8	49.5	60.9	57.8	55.4	47.0	44.9	43.7	43.6	39.1
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	77.9	83.9	66.2	28.4	21.7	16.3	2.5	3.4	7.8	16.3	16.1	9.1	10.4	14.7	14.8	11.7	4.4	7.9	6.2	4.9
Interest Paid - Cash Flow - Supplemental	200.7	211.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest & Dividends - Received - Cash Flow - Supplemental	317.8	427.6	2.7	2.3	2.2	1.2	1.4	1.6	1.6	1.4	1.2	1.0	0.8	1.1	0.9	0.6	0.4	0.5	0.6	0.8
CF from Optg Activities before Change in WC & Int Payments	203.0	315.1	81.6	51.7	31.7	46.6	46.1	30.1	25.4	22.6	29.2	28.3	34.3	17.7	20.6	19.5	27.4	19.1	19.1	15.5
Cash Dividends Paid & Common Stock Buyback - Net	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.7	(5.6)
Common Stock Buyback - Net	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	(8.7)
Depreciation, Depletion & Amortization - Cash Flow	8.7	7.7	6.1	5.2	4.8	4.6	4.3	2.6	2.2	2.1	2.4	2.1	1.8	1.7	1.4	1.2	1.1	1.0	0.8	0.7
Free Cash Flow to Equity	816.1	(94.4)	437.1	(36.8)	116.3	289.6	53.8	123.0	123.8	23.2	84.1	50.0	66.2	94.4	123.1	56.7	76.8	0.3	58.5	2.3
Free Cash Flow Net of Dividends	618.3	(226.8)	526.3	(130.6)	(15.0)	187.2	169.9	19.7	68.5	45.5	7.9	13.2	93.5	43.2	99.4	67.0	48.0	7.4	39.4	2.5
Free Cash Flow	660.7	(184.4)	558.6	(108.7)	19.2	199.0	188.7	39.9	85.8	63.4	25.2	28.5	106.3	55.1	109.2	75.6	54.7	17.2	44.1	5.7

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