Last close · 16 Oct 2026
Rs 9.09 +2.13%
Annual · FY2012 – FY2026
Merit Packaging Limited (MERIT) cash flow statement
Operating activities generated -Rs 206.0 mn of cash in FY2026 (Jul 2025 – Jun 2026), down 812.7% on FY2025, -107% of the starting profit. Capital expenditure was Rs 28.5 mn, leaving free cash flow of -Rs 234.5 mn. Overall, cash increased by Rs 691.4 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) | 193.4 | (599.7) | (186.4) | (65.5) | (170.4) | (544.7) | (769.4) | (350.5) | (39.9) | 2.8 | 9.5 | 25.0 | 7.0 | (85.3) | — |
| Depreciation & amortisation | 184.1 | 233.4 | 236.6 | 189.6 | 192.4 | 226.3 | 249.0 | 161.5 | 93.4 | 62.3 | 44.2 | 47.5 | 43.6 | 41.0 | — |
| Net cash from operating activities | (206.0) | 28.9 | 88.6 | 480.8 | (142.7) | (123.7) | (752.6) | 90.1 | 53.0 | (49.9) | 60.8 | (21.6) | (182.6) | (48.4) | — |
| Investing activities | |||||||||||||||
| Capital expenditure | (28.5) | (116.3) | (246.4) | (240.4) | (155.5) | (48.8) | (97.5) | (778.3) | (454.9) | (495.4) | (707.7) | (156.6) | (95.9) | (35.0) | — |
| Net cash from investing activities | 980.2 | (115.9) | 1,308.3 | (240.0) | (152.2) | 38.8 | (91.4) | (778.9) | (455.5) | (495.1) | (705.5) | (92.0) | (95.3) | (28.4) | — |
| Financing activities | |||||||||||||||
| Borrowings raised / (repaid) | (82.8) | (132.6) | (1,344.9) | (219.8) | (1,096.8) | 82.1 | 927.4 | 622.4 | (294.7) | 579.6 | 485.6 | 90.0 | (70.0) | (31.8) | — |
| Net cash from financing activities | (82.8) | (132.6) | (1,344.9) | (219.8) | 384.9 | 82.1 | 923.4 | 622.4 | 96.6 | 579.6 | 485.6 | 90.0 | 280.1 | 68.2 | — |
| Net change in cash | 691.4 | (219.7) | 52.0 | 21.0 | 89.9 | (2.8) | 79.4 | (66.3) | (305.9) | 34.7 | (159.1) | (23.6) | 2.1 | (8.5) | — |
| Key figures | |||||||||||||||
| Free cash flow (operating cash flow − capex) | (234.5) | (87.4) | (157.8) | 240.4 | (298.2) | (172.4) | (850.1) | (688.2) | (401.9) | (545.2) | (646.8) | (178.2) | (278.5) | (83.4) | — |
| 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) | — | — | — | — | — | — | — | — | -1,536.5% | -70.9% | -61.9% | +258.9% | — | — | — |
| Depreciation & amortisation | -21.1% | -1.3% | +24.8% | -1.5% | -15.0% | -9.1% | +54.2% | +73.0% | +49.8% | +41.1% | -7.0% | +8.9% | +6.5% | — | — |
| Net cash from operating activities | -812.7% | -67.4% | -81.6% | — | — | — | -934.8% | +70.0% | — | -182.0% | — | — | — | — | — |
| Investing activities | |||||||||||||||
| Capital expenditure | -75.5% | -52.8% | +2.5% | +54.6% | +218.8% | -50.0% | -87.5% | +71.1% | -8.2% | -30.0% | +352.0% | +63.3% | +173.8% | — | — |
| Net cash from investing activities | — | -108.9% | — | — | -491.9% | — | — | — | — | — | — | — | — | — | — |
| Financing activities | |||||||||||||||
| Borrowings raised / (repaid) | — | — | — | — | -1,436.4% | -91.2% | +49.0% | — | -150.8% | +19.4% | +439.6% | — | — | — | — |
| Net cash from financing activities | — | — | — | -157.1% | +369.0% | -91.1% | +48.4% | +544.1% | -83.3% | +19.4% | +439.6% | -67.9% | +310.5% | — | — |
| Net change in cash | — | -522.2% | +148.0% | -76.7% | — | -103.5% | — | — | -981.9% | — | — | -1,208.5% | — | — | — |
| Key figures | |||||||||||||||
| Free cash flow (operating cash flow − capex) | — | — | -165.6% | — | — | — | — | — | — | — | — | — | — | — | — |
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 54
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 193.4 | (599.7) | (186.4) | (65.5) | (170.4) | (544.7) | (769.4) | (350.5) | (39.9) | 2.8 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | (139.4) | 484.4 | 640.5 | 566.2 | 460.6 | 575.3 | 688.1 | 393.8 | 233.1 | 158.2 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 78.2 | 66.3 | 83.2 | 32.5 | 5.1 | 9.9 | 1.3 | 8.4 | 4.6 | (4.0) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 97.2 | 183.1 | 351.7 | 344.3 | 263.2 | 327.0 | 353.0 | 223.9 | 135.3 | 100.0 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 184.1 | 233.4 | 236.6 | 189.6 | 192.4 | 230.6 | 331.0 | 161.5 | 93.4 | 62.3 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 184.0 | 233.3 | 236.5 | 189.4 | 192.1 | 226.0 | 248.8 | 161.2 | 93.2 | 62.3 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 | 0.0 |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | — | — | — | — | — | 4.2 | 82.0 | — | — | 0.0 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (498.9) | 1.6 | (31.0) | (0.3) | (0.1) | 7.9 | 2.8 | (0.0) | (0.1) | (0.1) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 150.0 | 124.2 | 98.3 | 107.2 | 35.1 | (26.2) | 27.0 | 40.8 | 22.7 | 13.0 |
| Interest Paid - Cash | 81.3 | 158.5 | 230.0 | 182.9 | 137.4 | 191.4 | 279.1 | 139.7 | 129.3 | 93.4 |
| Cash Flow from Operating Activities before Changes in Working Capital | (177.3) | (398.0) | 125.8 | 210.5 | 117.7 | (134.6) | (387.3) | (137.2) | 41.2 | 54.7 |
| Working Capital - Increase/(Decrease) - Cash Flow | (28.7) | 426.9 | (37.2) | 270.3 | (260.4) | 11.0 | (365.2) | 227.4 | 11.9 | (104.5) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 95.7 | 338.5 | 269.1 | (334.3) | (385.6) | (147.2) | (157.3) | 120.6 | (243.1) | (122.7) |
| Inventories - Decrease/(Increase) - Cash Flow | 233.6 | (76.1) | 263.1 | (47.5) | (165.4) | (34.3) | 15.6 | (174.3) | (62.7) | (40.8) |
| Other Assets - Decrease/(Increase) - Cash Flow | 9.5 | 15.3 | (51.1) | 1.2 | (0.5) | (1.2) | 0.1 | 0.1 | 3.4 | 8.4 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (367.6) | 149.2 | (518.3) | 650.9 | 291.1 | 193.7 | (223.6) | 280.9 | 314.2 | 50.6 |
| Net Cash Flow from Operating Activities | (206.0) | 28.9 | 88.6 | 480.8 | (142.7) | (123.7) | (752.6) | 90.1 | 53.0 | (49.9) |
| Capital Expenditures - Net - Cash Flow | (980.2) | 115.9 | (1,308.3) | 240.0 | 152.3 | (33.8) | 92.7 | 777.9 | 454.8 | 494.8 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | (980.2) | 115.9 | (1,308.3) | 240.0 | 152.3 | (34.3) | 92.7 | 777.9 | 454.8 | 494.8 |
| Property, Plant & Equipment - Purchased - Cash Flow | 28.5 | 116.3 | 246.4 | 240.4 | 155.5 | 48.3 | 97.5 | 778.3 | 454.9 | 495.4 |
| Property, Plant & Equipment Sold - Cash Flow | 1,008.7 | 0.4 | 1,554.7 | 0.4 | 3.2 | 82.6 | 4.8 | 0.4 | 0.1 | 0.6 |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | — | — | — | — | 0.0 | 0.5 | — | — | — | — |
| Intangible Assets - Purchased/Acquired - Cash Flow | — | — | — | — | 0.0 | 0.5 | — | — | — | — |
| Capital Expenditures - Total | 28.5 | 116.3 | 246.4 | 240.4 | 155.5 | 48.8 | 97.5 | 778.3 | 454.9 | 495.4 |
| Other Investing Cash Flow - Decrease/(Increase) | — | — | — | 0.0 | 0.1 | 5.0 | 1.3 | (1.0) | (0.7) | (0.3) |
| Net Cash Flow from Investing Activities | 980.2 | (115.9) | 1,308.3 | (240.0) | (152.2) | 38.8 | (91.4) | (778.9) | (455.5) | (495.1) |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | — | 0.0 | 1,481.7 | — | — | — | — | — |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | — | 0.0 | 1,481.7 | — | — | — | — | — |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | — | — | 0.0 | 1,481.7 | — | — | — | — | — |
| Stock - Common - Issued/Sold - Cash Flow | — | — | — | 0.0 | 1,481.7 | — | — | — | — | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (82.8) | (132.6) | (1,344.9) | (219.8) | (1,096.8) | 82.1 | 927.4 | 622.4 | (294.7) | 579.6 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | — | — | — | 0.0 | 0.0 | (150.0) | 0.0 | 150.0 | (250.0) | (50.0) |
| Debt - Issued - Short-Term - Cash Flow | — | — | — | — | 250.0 | 0.0 | 300.0 | 440.0 | — | — |
| Debt - Reduced - Short-Term - Cash Flow | — | — | — | 0.0 | 250.0 | 150.0 | 300.0 | 290.0 | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (82.8) | (132.6) | (1,344.9) | (219.8) | (1,096.8) | 232.1 | 927.4 | 472.4 | (44.7) | 629.6 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (36.0) | (39.0) | 0.0 | (0.0) | (0.8) | (12.3) | (9.4) | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | — | — | — | — | — | 398.7 | 1,123.2 | 707.7 | 107.2 | 682.0 |
| Debt - Reduced - Long-Term - Cash Flow | 82.8 | 132.6 | 1,344.9 | 219.8 | 1,096.8 | 166.6 | 195.8 | 235.3 | 151.9 | 52.4 |
| 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 | 36.0 | 39.0 | — | 0.0 | 0.8 | 12.3 | 9.4 | — | — | — |
| Other Financing Cash Flow - Increase/(Decrease) | — | — | — | — | — | 0.0 | (4.0) | 0.0 | 391.3 | — |
| Net Cash Flow from Financing Activities | (82.8) | (132.6) | (1,344.9) | (219.8) | 384.9 | 82.1 | 923.4 | 622.4 | 96.6 | 579.6 |
| Net Change in Cash - Total | 691.4 | (219.7) | 52.0 | 21.0 | 89.9 | (2.8) | 79.4 | (66.3) | (305.9) | 34.7 |
| Net Cash from Continuing Operations | 691.4 | (219.7) | 52.0 | 21.0 | 89.9 | (2.8) | 79.4 | (66.3) | (305.9) | 34.7 |
| Net Cash - Beginning Balance | (838.7) | (619.0) | (671.0) | (692.0) | (782.0) | (779.2) | (858.6) | (792.2) | (486.3) | (521.0) |
| Net Cash - Ending Balance | (147.3) | (838.7) | (619.0) | (671.0) | (692.0) | (782.0) | (779.2) | (858.6) | (792.2) | (486.3) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 150.0 | 124.2 | 98.3 | 107.2 | 35.1 | (26.2) | 27.0 | 40.8 | 22.7 | 13.0 |
| Interest Paid - Cash Flow - Supplemental | 81.3 | 158.5 | 230.0 | 182.9 | 137.4 | 191.4 | 279.1 | 139.7 | 129.3 | 93.4 |
| CF from Optg Activities before Change in WC & Int Payments | (96.0) | (239.5) | 355.8 | 393.4 | 255.1 | 56.8 | (108.3) | 2.5 | 170.5 | 148.1 |
| Common Stock Buyback - Net | — | — | — | 0.0 | (1,481.7) | — | — | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 184.1 | 233.4 | 236.6 | 189.6 | 192.4 | 226.3 | 249.0 | 161.5 | 93.4 | 62.3 |
| Free Cash Flow to Equity | 691.4 | (219.7) | 52.0 | 21.0 | (1,391.9) | (7.8) | 82.1 | (65.4) | (696.4) | 35.0 |
| Free Cash Flow Net of Dividends | (234.5) | (87.4) | (157.8) | 240.4 | (298.2) | (172.4) | (850.1) | (688.2) | (401.9) | (545.2) |
| Free Cash Flow | (234.5) | (87.4) | (157.8) | 240.4 | (298.2) | (172.4) | (850.1) | (688.2) | (401.9) | (545.2) |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.