Mitchells Fruit Farms Limited (MFFL) cash flow statement

Operating activities generated -Rs 264.7 mn of cash in FY2026 (Jul 2025 – Jun 2026), -779% of the starting profit. Capital expenditure was Rs 140.9 mn, leaving free cash flow of -Rs 405.6 mn. Overall, cash increased by Rs 260.6 mn.

MFFL 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 Oct 2019 – Sep 2020	FY2019 Oct 2018 – Sep 2019	FY2018 Oct 2017 – Sep 2018	FY2017 Oct 2016 – Sep 2017	FY2016 Oct 2015 – Sep 2016	FY2015 Oct 2014 – Sep 2015	FY2014 Oct 2013 – Sep 2014	FY2013 Oct 2012 – Sep 2013	FY2012 Oct 2011 – Sep 2012	FY2011 Oct 2010 – Sep 2011	FY2010 * Oct 2009 – Sep 2010	FY2009 * Oct 2008 – Sep 2009	FY2008 * Oct 2007 – Sep 2008	FY2007 * Oct 2006 – Sep 2007
Operating activities
Profit (cash-flow starting line, as reported)	34.0	46.9	492.2	(25.9)	(586.2)	—	(27.3)	(51.5)	(317.4)	(11.1)	2.1	25.9	119.5	186.9	152.4	108.1	69.2	18.5	13.1	39.8
Depreciation & amortisation	55.8	53.2	57.4	57.7	55.6	—	43.3	48.1	48.5	51.5	65.0	62.0	50.1	37.5	35.3	31.1	29.5	30.2	26.5	22.7
Net cash from operating activities	(264.7)	(215.6)	(110.6)	(28.1)	(182.0)	—	84.4	47.2	(150.2)	(15.0)	(4.7)	56.6	(21.8)	171.5	120.9	85.4	156.0	36.7	(51.0)	38.0
Investing activities
Capital expenditure	(140.9)	(16.0)	(15.7)	(17.6)	(101.6)	—	(25.7)	(5.9)	(37.2)	(75.5)	(42.8)	(77.8)	(340.4)	(68.3)	(79.1)	(53.4)	(14.0)	(36.3)	(84.6)	(57.7)
Net cash from investing activities	75.7	(16.0)	349.0	(9.1)	(60.7)	—	(23.0)	5.1	(29.7)	(70.8)	(36.1)	(71.5)	(329.4)	(64.6)	(73.9)	(48.0)	(10.0)	(26.5)	(82.8)	(54.7)
Financing activities
Dividends paid	—	—	—	—	—	—	—	—	—	(0.2)	(19.5)	(40.2)	(47.2)	(37.5)	(34.5)	(20.2)	(10.0)	(4.8)	(10.1)	(0.2)
Borrowings raised / (repaid)	(70.7)	—	(112.0)	76.0	45.0	—	50.0	(21.3)	107.3	(42.7)	(42.7)	(10.7)	160.0	—	—	—	0.0	(22.1)	(14.7)	(14.7)
Net cash from financing activities	449.7	196.3	(201.4)	36.9	45.0	—	50.0	(21.3)	107.3	(42.8)	(62.1)	(50.9)	112.8	(37.5)	(34.5)	(20.2)	(10.0)	(26.9)	(24.8)	(14.9)
Net change in cash	260.6	(35.3)	37.0	(0.3)	(197.7)	—	111.3	31.0	(72.6)	(128.6)	(103.0)	(65.8)	(238.4)	69.3	12.6	17.3	136.0	(16.7)	(158.6)	(31.6)
Key figures
Free cash flow (operating cash flow − capex)	(405.6)	(231.6)	(126.3)	(45.8)	(283.6)	—	58.7	41.4	(187.4)	(90.5)	(47.5)	(21.2)	(362.2)	103.2	41.7	32.0	142.0	0.4	(135.6)	(19.7)

MFFL 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 Oct 2019 – Sep 2020	FY2019 Oct 2018 – Sep 2019	FY2018 Oct 2017 – Sep 2018	FY2017 Oct 2016 – Sep 2017	FY2016 Oct 2015 – Sep 2016	FY2015 Oct 2014 – Sep 2015	FY2014 Oct 2013 – Sep 2014	FY2013 Oct 2012 – Sep 2013	FY2012 Oct 2011 – Sep 2012	FY2011 Oct 2010 – Sep 2011	FY2010 * Oct 2009 – Sep 2010	FY2009 * Oct 2008 – Sep 2009	FY2008 * Oct 2007 – Sep 2008	FY2007 * Oct 2006 – Sep 2007
Operating activities
Profit (cash-flow starting line, as reported)	-27.6%	-90.5%	—	—	—	—	—	—	—	-630.8%	-91.9%	-78.4%	-36.1%	+22.7%	+40.9%	+56.3%	+273.4%	+41.3%	-67.0%	—
Depreciation & amortisation	+4.9%	-7.4%	-0.5%	+3.9%	—	—	-9.9%	-0.9%	-5.9%	-20.7%	+4.9%	+23.7%	+33.4%	+6.5%	+13.2%	+5.4%	-2.2%	+14.0%	+16.8%	—
Net cash from operating activities	—	—	—	—	—	—	+78.5%	—	—	—	-108.4%	—	-112.7%	+41.8%	+41.5%	-45.3%	+325.4%	—	-234.2%	—
Investing activities
Capital expenditure	+778.8%	+2.2%	-11.1%	-82.6%	—	—	+336.4%	-84.2%	-50.8%	+76.5%	-45.0%	-77.2%	+398.7%	-13.8%	+48.2%	+281.7%	-61.4%	-57.2%	+46.6%	—
Net cash from investing activities	—	-104.6%	—	—	—	—	-552.8%	—	—	—	—	—	—	—	—	—	—	—	—	—
Financing activities
Dividends paid	—	—	—	—	—	—	—	—	—	-99.2%	-51.6%	-14.8%	+25.9%	+8.8%	+70.7%	+101.5%	+110.6%	-52.8%	+4,865.5%	—
Borrowings raised / (repaid)	—	—	-247.4%	+68.9%	—	—	—	-119.9%	—	—	—	-106.7%	—	—	—	—	—	—	—	—
Net cash from financing activities	+129.1%	—	-645.2%	-17.9%	—	—	—	-119.9%	—	—	—	-145.1%	—	—	—	—	—	—	—	—
Net change in cash	—	-195.5%	—	—	—	—	+259.1%	—	—	—	—	—	-443.8%	+451.0%	-27.2%	-87.3%	—	—	—	—
Key figures
Free cash flow (operating cash flow − capex)	—	—	—	—	—	—	+41.9%	—	—	—	—	—	-450.9%	+147.2%	+30.4%	-77.5%	+34,456.9%	—	—	—

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 57

MFFL 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 Oct 2019 – Sep 2020	FY2019 Oct 2018 – Sep 2019	FY2018 Oct 2017 – Sep 2018	FY2017 Oct 2016 – Sep 2017	FY2016 Oct 2015 – Sep 2016	FY2015 Oct 2014 – Sep 2015	FY2014 Oct 2013 – Sep 2014	FY2013 Oct 2012 – Sep 2013	FY2012 Oct 2011 – Sep 2012	FY2011 Oct 2010 – Sep 2011	FY2010 Oct 2009 – Sep 2010	FY2009 Oct 2008 – Sep 2009	FY2008 Oct 2007 – Sep 2008	FY2007 Oct 2006 – Sep 2007
Profit/(Loss) - Starting Line - Cash Flow	34.0	46.9	492.2	(25.9)	(586.2)	—	(27.3)	(51.5)	(317.4)	(11.1)	2.1	25.9	119.5	186.9	152.4	108.1	69.2	18.5	13.1	39.8
Non-cash Items & Reconciliation Adjustments - Cash Flow	(5.3)	292.9	(73.2)	293.3	413.3	—	264.4	328.3	308.6	97.5	97.5	116.1	103.4	78.4	71.1	82.9	118.0	131.9	87.7	65.0
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	104.8	154.2	129.9	157.8	324.6	—	146.3	202.3	212.4	3.5	(11.2)	5.7	19.6	23.6	14.4	17.7	53.9	52.3	29.0	22.2
Financial Income/(Expense) - Cash Flow - to Reconcile	64.4	85.4	96.2	85.1	37.0	—	74.3	78.3	49.2	42.2	42.9	48.5	38.6	17.6	23.0	34.6	35.3	51.8	32.3	21.2
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	55.8	53.2	57.4	57.7	55.6	—	43.3	48.1	48.5	51.5	65.0	62.0	50.1	37.5	35.3	31.1	29.5	30.2	26.5	22.7
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	51.9	48.3	51.4	55.2	54.9	—	42.9	47.6	47.9	50.8	64.5	61.5	49.6	37.3	34.9	30.8	29.3	29.9	26.1	22.2
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	3.9	4.9	6.1	2.5	0.7	—	0.4	0.5	0.6	0.7	0.5	0.5	0.4	0.3	0.3	0.3	0.3	0.3	0.4	0.5
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(230.3)	0.1	(356.7)	(7.4)	(3.8)	—	0.6	(0.4)	(1.5)	0.2	0.8	(0.1)	(4.9)	(0.4)	(1.5)	(0.5)	(0.8)	(2.4)	(0.1)	(1.0)
Income Taxes - Paid/(Reimbursed) - Cash Flow	95.8	68.7	35.4	23.4	16.4	—	27.7	30.5	15.8	21.1	22.2	26.1	60.9	133.9	21.6	11.0	9.8	23.5	2.1	(5.7)
Interest Paid - Cash	69.2	82.5	129.4	50.6	24.8	—	84.9	70.2	46.9	38.1	43.9	50.9	31.1	17.3	24.7	36.2	86.0	100.0	50.6	42.3
Cash Flow from Operating Activities before Changes in Working Capital	(136.3)	188.6	254.2	193.4	(214.2)	—	124.6	176.1	(71.5)	27.3	33.5	64.9	130.9	114.1	177.2	143.8	91.4	26.9	48.1	68.2
Working Capital - Increase/(Decrease) - Cash Flow	(128.4)	(404.3)	(364.8)	(221.5)	32.2	—	(40.2)	(128.8)	(78.7)	(42.2)	(38.2)	(8.4)	(152.7)	57.4	(56.3)	(58.4)	64.6	9.8	(99.1)	(30.2)
Accounts Receivables - Decrease/(Increase) - Cash Flow	15.5	(167.7)	(78.5)	(24.0)	135.8	—	(5.0)	(18.1)	(63.4)	(87.3)	(9.8)	(13.4)	(41.6)	2.9	1.9	(24.5)	16.0	(19.6)	7.2	(26.5)
Inventories - Decrease/(Increase) - Cash Flow	(207.7)	(144.5)	11.7	(180.7)	(133.9)	—	(42.4)	158.9	(66.3)	(37.3)	(60.7)	90.4	(83.7)	0.6	(36.9)	(88.0)	27.1	28.8	(106.1)	(22.3)
Other Assets - Decrease/(Increase) - Cash Flow	(36.3)	(22.2)	(62.6)	34.0	(26.0)	—	1.1	(0.7)	(27.8)	(8.8)	32.3	(85.4)	(27.3)	1.5	10.3	(10.2)	6.1	2.8	(0.9)	(11.0)
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	—	—	—	—	56.3	—	6.0	(268.9)	78.9	91.1	—	—	—	52.4	(31.7)	64.3	15.4	(2.3)	0.7	29.6
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	100.1	(69.9)	(235.4)	(50.7)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Operating Activities	(264.7)	(215.6)	(110.6)	(28.1)	(182.0)	—	84.4	47.2	(150.2)	(15.0)	(4.7)	56.6	(21.8)	171.5	120.9	85.4	156.0	36.7	(51.0)	38.0
Capital Expenditures - Net - Cash Flow	(94.5)	16.0	(349.0)	9.1	60.7	—	23.0	(5.1)	29.7	65.7	36.1	71.5	328.2	63.9	73.9	48.7	10.4	26.1	82.4	54.9
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	(94.5)	16.0	(349.0)	2.8	60.7	—	23.0	(5.4)	29.7	64.1	35.9	71.0	326.6	63.8	73.9	48.1	10.4	26.1	82.4	54.9
Property, Plant & Equipment - Purchased - Cash Flow	140.9	16.0	15.7	11.3	101.6	—	25.7	5.6	37.2	74.0	42.5	77.3	338.8	68.2	79.1	52.8	14.0	36.3	84.6	57.7
Property, Plant & Equipment Sold - Cash Flow	235.4	—	364.7	8.5	40.9	—	2.6	11.0	7.5	9.8	6.7	6.3	12.2	4.4	5.3	4.7	3.6	10.2	2.2	2.9
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	—	—	0.0	6.3	—	—	0.0	0.3	0.0	1.6	0.3	0.5	1.6	0.1	0.0	0.6	0.0	—	—	—
Intangible Assets - Purchased/Acquired - Cash Flow	—	—	0.0	6.3	—	—	0.0	0.3	0.0	1.6	0.3	0.5	1.6	0.1	0.0	0.6	0.0	—	—	—
Capital Expenditures - Total	140.9	16.0	15.7	17.6	101.6	—	25.7	5.9	37.2	75.5	42.8	77.8	340.4	68.3	79.1	53.4	14.0	36.3	84.6	57.7
Investments excluding Loans - Decrease/(Increase) - Cash Flow	(14.0)	—	—	—	—	—	—	—	—	(5.1)	—	0.0	(1.2)	(0.8)	0.0	0.8	0.4	(0.4)	(0.3)	0.2
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	(14.0)	—	—	—	—	—	—	—	—	(5.1)	—	0.0	(1.2)	(0.8)	0.0	0.8	0.4	(0.4)	(0.3)	0.2
Investment Securities - Purchased - Unclassified - Cash Flow	14.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	(4.8)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Investing Activities	75.7	(16.0)	349.0	(9.1)	(60.7)	—	(23.0)	5.1	(29.7)	(70.8)	(36.1)	(71.5)	(329.4)	(64.6)	(73.9)	(48.0)	(10.0)	(26.5)	(82.8)	(54.7)
Dividends Paid - Cash - Total - Cash Flow	—	—	—	—	—	—	—	—	—	0.2	19.5	40.2	47.2	37.5	34.5	20.2	10.0	4.8	10.1	0.2
Dividends - Common - Cash Paid	—	—	—	—	—	—	—	—	—	0.2	19.5	40.2	47.2	37.5	34.5	20.2	10.0	4.8	10.1	0.2
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	500.0	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	500.0	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	500.0	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Stock - Common - Issued/Sold - Cash Flow	500.0	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(70.7)	—	(112.0)	76.0	45.0	—	50.0	(21.3)	107.3	(42.7)	(42.7)	(10.7)	160.0	—	—	—	0.0	(22.1)	(14.7)	(14.7)
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	93.3	—	(112.0)	91.0	75.0	—	50.0	0.0	150.0	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued - Short-Term - Cash Flow	—	—	38.0	111.0	75.0	—	50.0	0.0	150.0	—	—	—	—	—	—	—	—	—	—	—
Debt - Reduced - Short-Term - Cash Flow	—	—	150.0	20.0	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	(164.0)	—	0.0	(15.0)	(30.0)	—	0.0	(21.3)	(42.7)	(42.7)	(42.7)	(10.7)	160.0	—	—	—	0.0	(22.1)	(14.7)	(14.7)
Debt - Issued - Long-Term - Cash Flow	90.0	—	—	—	0.0	—	—	—	—	—	—	—	160.0	—	—	—	—	—	—	—
Debt - Reduced - Long-Term - Cash Flow	254.0	—	0.0	15.0	30.0	—	0.0	21.3	42.7	42.7	42.7	10.7	—	—	—	—	0.0	22.1	14.7	14.7
Other Financing Cash Flow - Increase/(Decrease)	20.4	196.3	(89.4)	(39.1)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Financing Activities	449.7	196.3	(201.4)	36.9	45.0	—	50.0	(21.3)	107.3	(42.8)	(62.1)	(50.9)	112.8	(37.5)	(34.5)	(20.2)	(10.0)	(26.9)	(24.8)	(14.9)
Net Change in Cash - Total	260.6	(35.3)	37.0	(0.3)	(197.7)	—	111.3	31.0	(72.6)	(128.6)	(103.0)	(65.8)	(238.4)	69.3	12.6	17.3	136.0	(16.7)	(158.6)	(31.6)
Net Cash from Continuing Operations	260.6	(35.3)	37.0	(0.3)	(197.7)	—	111.3	31.0	(72.6)	(128.6)	(103.0)	(65.8)	(238.4)	69.3	12.6	17.3	136.0	(16.7)	(158.6)	(31.6)
Net Cash - Beginning Balance	23.0	58.3	21.3	21.6	(121.8)	—	(636.5)	(667.5)	(595.0)	(466.4)	(363.4)	(297.7)	(59.3)	(128.6)	(141.2)	(158.5)	(294.5)	(277.8)	(119.2)	(87.6)
Net Cash - Ending Balance	283.6	23.0	58.3	21.3	(319.4)	—	(525.2)	(636.5)	(667.5)	(595.0)	(466.4)	(363.4)	(297.7)	(59.3)	(128.6)	(141.2)	(158.5)	(294.5)	(277.8)	(119.2)
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	95.8	68.7	35.4	23.4	16.4	—	27.7	30.5	15.8	21.1	22.2	26.1	60.9	133.9	21.6	11.0	9.8	23.5	2.1	(5.7)
Interest Paid - Cash Flow - Supplemental	69.2	82.5	129.4	50.6	24.8	—	84.9	70.2	46.9	38.1	43.9	50.9	31.1	17.3	24.7	36.2	86.0	100.0	50.6	42.3
CF from Optg Activities before Change in WC & Int Payments	(67.1)	271.1	383.6	243.9	(189.3)	—	209.5	246.3	(24.6)	65.3	77.3	115.8	162.0	131.3	201.9	180.0	177.4	126.9	98.7	110.5
Common Stock Buyback - Net	(500.0)	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation, Depletion & Amortization - Cash Flow	55.8	53.2	57.4	57.7	55.6	—	43.3	48.1	48.5	51.5	65.0	62.0	50.1	37.5	35.3	31.1	29.5	30.2	26.5	22.7
Free Cash Flow to Equity	(240.9)	(231.6)	126.4	38.7	(197.7)	—	111.3	31.0	(72.6)	(123.4)	(83.5)	(25.6)	(189.9)	107.6	47.0	36.7	145.6	(11.5)	(148.2)	(31.6)
Free Cash Flow Net of Dividends	(405.6)	(231.6)	(126.3)	(45.8)	(283.6)	—	58.7	41.4	(187.4)	(90.7)	(67.0)	(61.4)	(409.4)	65.7	7.3	11.8	132.0	(4.3)	(145.7)	(19.9)
Free Cash Flow	(405.6)	(231.6)	(126.3)	(45.8)	(283.6)	—	58.7	41.4	(187.4)	(90.5)	(47.5)	(21.2)	(362.2)	103.2	41.7	32.0	142.0	0.4	(135.6)	(19.7)

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