Last close · 16 Oct 2026
Rs 8.85 -0.56%
Quarterly · Q1 FY2022 – Q4 FY2026
Merit Packaging Limited (MERIT) quarterly cash flow statement
Operating activities generated Rs 1.7 mn of cash in Q4 FY2026 (Apr – Jun 2026), down 98.0% on Q4 FY2025. Overall, cash decreased by Rs 4.8 mn.
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 193.4 | (124.2) | (71.5) | (94.6) | 483.8 | (486.7) | (83.1) | (13.9) | (16.0) | ||||||||||||
| Depreciation & amortisation | 184.1 | 30.7 | 54.5 | 49.5 | 49.4 | 57.5 | 60.3 | 58.8 | 56.8 | ||||||||||||
| Net cash from operating activities | (206.0) | 1.7 | 26.3 | (7.8) | (226.2) | 84.1 | (90.2) | (25.1) | 60.1 | ||||||||||||
| Investing activities | |||||||||||||||||||||
| Capital expenditure | — | — | (4.7) | (800.7) | (22.3) | — | (19.3) | (35.7) | (105.7) | ||||||||||||
| Net cash from investing activities | 980.2 | 2.5 | 0.8 | 199.3 | 777.7 | 44.8 | (19.3) | (35.7) | (105.7) | ||||||||||||
| Financing activities | |||||||||||||||||||||
| Borrowings raised / (repaid) | (82.8) | (9.0) | (9.0) | (32.4) | (32.4) | (32.4) | (32.4) | (32.4) | (35.4) | ||||||||||||
| Net cash from financing activities | (82.8) | (9.0) | (9.0) | (32.4) | (32.4) | (32.4) | (32.4) | (32.4) | (35.4) | ||||||||||||
| Net change in cash | 691.4 | (4.8) | 18.1 | 159.0 | 519.1 | 96.5 | (141.9) | (93.2) | (81.1) | ||||||||||||
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | — | 21.6 | (808.5) | (248.5) | — | (109.5) | (60.8) | (45.7) | ||||||||||||
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | — | — | — | — | — | — | — | ||||||||||||
| Depreciation & amortisation | -46.6% | -9.6% | -15.9% | -13.0% | -5.0% | +10.7% | -5.7% | -4.1% | ||||||||||||
| Net cash from operating activities | -98.0% | — | — | -476.7% | +160.4% | -460.0% | -139.6% | — | ||||||||||||
| Investing activities | ||||||||||||||||||||
| Capital expenditure | — | -75.7% | +2,143.4% | -78.9% | — | -53.1% | -57.1% | +499.8% | ||||||||||||
| Net cash from investing activities | -94.4% | — | — | — | -96.9% | — | — | — | ||||||||||||
| Financing activities | ||||||||||||||||||||
| Borrowings raised / (repaid) | — | — | — | — | — | — | — | — | ||||||||||||
| Net cash from financing activities | — | — | — | — | — | — | — | — | ||||||||||||
| Net change in cash | -105.0% | — | — | — | -62.7% | — | — | — | ||||||||||||
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | — | — | — | — | — | — | — | ||||||||||||
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 56
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (124.2) | (71.5) | (94.6) | 483.8 | (486.7) | (83.1) | (13.9) | (16.0) |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 126.6 | 78.0 | 78.2 | (422.1) | 165.5 | 102.7 | 107.6 | 108.6 |
| Accounting Change - Cash Flow - to Reconcile | (0.0) | — | — | — | — | — | — | — |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 78.2 | 0.0 | 0.3 | (0.3) | 66.3 | — | — | — |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 18.5 | 18.3 | 25.9 | 34.5 | 41.7 | 40.7 | 48.7 | 51.9 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 30.7 | 50.4 | 53.5 | 49.4 | 57.5 | 60.3 | 58.8 | 56.8 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 30.7 | 54.5 | 49.4 | 49.4 | 57.5 | 60.3 | 58.8 | 56.7 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | — | (4.1) | 4.1 | — | — | — | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (0.8) | 9.2 | (1.6) | (505.7) | 0.0 | 1.6 | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 52.3 | 37.1 | 76.7 | (16.1) | 44.3 | 63.5 | (18.2) | 34.6 |
| Interest Paid - Cash | 14.5 | 10.1 | 27.6 | 29.0 | 44.0 | 26.1 | 38.5 | 49.9 |
| Cash Flow from Operating Activities before Changes in Working Capital | (64.4) | (40.7) | (120.8) | 48.7 | (409.5) | (70.0) | 73.4 | 8.1 |
| Working Capital - Increase/(Decrease) - Cash Flow | 66.1 | 67.1 | 113.0 | (274.9) | 493.6 | (20.2) | (98.5) | 51.9 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (101.5) | 91.8 | 216.1 | (110.7) | 673.1 | 25.9 | (225.1) | (135.5) |
| Inventories - Decrease/(Increase) - Cash Flow | 170.7 | (0.7) | 146.2 | (82.6) | (1.8) | 139.8 | (176.5) | (37.6) |
| Other Assets - Decrease/(Increase) - Cash Flow | (28.6) | 38.7 | 8.0 | (8.6) | (61.6) | 12.4 | 92.8 | (28.3) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 25.4 | (62.8) | (257.3) | (73.0) | (116.1) | (198.2) | 210.2 | 253.3 |
| Other Assets & Liabilities - Increase/(Decrease) - Net - Cash Flow | — | — | — | — | — | — | — | — |
| Net Cash Flow from Operating Activities | 1.7 | 26.3 | (7.8) | (226.2) | 84.1 | (90.2) | (25.1) | 60.1 |
| Capital Expenditures - Net - Cash Flow | (2.5) | (0.8) | (199.3) | (777.7) | (44.8) | 19.3 | 35.7 | 105.7 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | (2.5) | (0.8) | (199.3) | (777.7) | (44.8) | 19.3 | 35.7 | 105.7 |
| Property, Plant & Equipment - Purchased - Cash Flow | — | 4.7 | 800.7 | 22.3 | — | 19.3 | 35.7 | 105.7 |
| Property, Plant & Equipment Sold - Cash Flow | 2.5 | 5.5 | 1,000.0 | 800.0 | 44.8 | — | — | — |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | — | — | — | — | — | — | — | — |
| Intangible Assets - Purchased/Acquired - Cash Flow | — | — | — | — | — | — | — | — |
| Capital Expenditures - Total | — | 4.7 | 800.7 | 22.3 | — | 19.3 | 35.7 | 105.7 |
| Other Investing Cash Flow - Decrease/(Increase) | — | — | — | — | — | — | — | — |
| Net Cash Flow from Investing Activities | 2.5 | 0.8 | 199.3 | 777.7 | 44.8 | (19.3) | (35.7) | (105.7) |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | — | — |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | — | — | — | — | — | — |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | — | — |
| Stock - Common - Repurchased/Retired - Cash Flow | — | — | — | — | — | — | — | — |
| Stock - Common - Issued/Sold - Cash Flow | — | — | — | — | — | — | — | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (9.0) | (9.0) | (32.4) | (32.4) | (32.4) | (32.4) | (32.4) | (35.4) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | — | — | — | — | — | — | — | — |
| Debt - Reduced - Short-Term - Cash Flow | — | — | — | — | — | — | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (9.0) | (9.0) | (32.4) | (32.4) | (32.4) | (32.4) | (32.4) | (35.4) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (9.0) | (9.0) | (9.0) | (9.0) | (9.0) | (9.0) | (9.0) | (12.0) |
| Debt - Issued - Long-Term - Cash Flow | 0.0 | — | — | — | 30.0 | — | — | — |
| Lease liabilities - Issued - Cash flow | — | — | — | — | 30.0 | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 9.0 | 9.0 | 32.4 | 32.4 | 62.4 | 32.4 | 32.4 | 35.4 |
| 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 | 9.0 | 9.0 | 9.0 | 9.0 | 39.0 | 9.0 | 9.0 | 12.0 |
| Net Cash Flow from Financing Activities | (9.0) | (9.0) | (32.4) | (32.4) | (32.4) | (32.4) | (32.4) | (35.4) |
| Net Change in Cash - Total | (4.8) | 18.1 | 159.0 | 519.1 | 96.5 | (141.9) | (93.2) | (81.1) |
| Net Cash from Continuing Operations | (4.8) | 18.1 | 159.0 | 519.1 | 96.5 | (141.9) | (93.2) | (81.1) |
| Net Cash - Beginning Balance | (142.5) | (160.6) | (319.6) | (838.7) | (935.2) | (793.3) | (700.1) | (619.0) |
| Net Cash - Ending Balance | (147.3) | (142.5) | (160.6) | (319.6) | (838.7) | (935.2) | (793.3) | (700.1) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 52.3 | 37.1 | 76.7 | (16.1) | 44.3 | 63.5 | (18.2) | 34.6 |
| Interest Paid - Cash Flow - Supplemental | 14.5 | 10.1 | 27.6 | 29.0 | 44.0 | 26.1 | 38.5 | 49.9 |
| CF from Optg Activities before Change in WC & Int Payments | (49.9) | (30.7) | (93.2) | 77.7 | (365.5) | (43.9) | 112.0 | 58.0 |
| Common Stock Buyback - Net | — | — | — | — | — | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 30.7 | 54.5 | 49.5 | 49.4 | 57.5 | 60.3 | 58.8 | 56.8 |
| Free Cash Flow to Equity | (4.8) | 18.1 | 159.0 | 519.1 | 96.5 | (141.9) | (93.2) | (81.1) |
| Free Cash Flow Net of Dividends | 1.7 | 21.6 | (808.5) | (248.5) | — | (109.5) | (60.8) | (45.7) |
| Free Cash Flow | 1.7 | 21.6 | (808.5) | (248.5) | — | (109.5) | (60.8) | (45.7) |
Every line the company reported, in the original order and wording, without regrouping or signs changed.