The National Silk & Rayon Mills Limited (NSRM) cash flow statement

Operating activities generated Rs 126.0 mn of cash in FY2025 (Jul 2024 – Jun 2025), 113% of the starting profit. Capital expenditure was Rs 118.0 mn, leaving free cash flow of Rs 7.9 mn. Overall, cash increased by Rs 57.4 mn.

NSRM cash flow statement (annual) (Rs mn)
Rs mn	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	FY2011 Jul 2010 – Jun 2011
Operating activities
Profit (cash-flow starting line, as reported)	111.4	96.4	(3.6)	52.9	56.5	(43.1)	30.6	36.3	33.9	—	—	—	—	—	—
Depreciation & amortisation	31.5	29.8	30.0	31.1	27.7	25.8	23.2	22.2	23.8	—	—	—	—	—	—
Net cash from operating activities	126.0	(13.5)	193.7	20.9	3.4	9.0	27.3	55.3	24.1	36.7	66.5	(29.7)	17.1	15.4	1.1
Investing activities
Capital expenditure	(118.0)	(28.4)	(17.4)	(20.2)	(49.0)	(28.2)	(54.4)	(4.8)	(23.3)	(47.6)	(52.6)	(71.6)	(23.3)	(44.5)	(6.4)
Net cash from investing activities	(54.6)	(82.2)	(5.8)	(15.5)	(49.0)	(30.8)	(53.2)	(4.7)	(22.8)	(49.3)	(68.3)	(39.9)	(20.5)	(42.4)	(5.5)
Financing activities
Dividends paid	—	—	—	—	—	—	0.0	(11.6)	—	—	0.0	(1.1)	0.0	—	(1.1)
Borrowings raised / (repaid)	(14.1)	33.6	(104.5)	(3.4)	15.0	10.0	(23.7)	16.8	(20.1)	31.3	(13.8)	(75.5)	17.2	24.9	(4.6)
Net cash from financing activities	(14.1)	33.6	(104.5)	(3.4)	15.0	29.8	(23.7)	5.2	(20.1)	31.3	(13.8)	67.5	17.2	24.9	(5.7)
Net change in cash	57.4	(62.1)	83.4	2.0	(30.6)	8.0	(49.6)	55.8	(18.8)	18.7	(15.7)	(2.1)	13.8	(2.1)	(10.1)
Key figures
Free cash flow (operating cash flow − capex)	7.9	(41.9)	176.3	0.7	(45.6)	(19.2)	(27.0)	50.6	0.8	(10.9)	13.8	(101.3)	(6.2)	(29.1)	(5.3)

NSRM cash flow statement — year-on-year change (Rs mn)
Rs mn	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	FY2011 Jul 2010 – Jun 2011
Operating activities
Profit (cash-flow starting line, as reported)	+15.6%	—	-106.9%	-6.4%	—	-240.6%	-15.5%	+7.1%	—	—	—	—	—	—	—
Depreciation & amortisation	+5.8%	-0.8%	-3.6%	+12.4%	+7.2%	+11.3%	+4.3%	-6.5%	—	—	—	—	—	—	—
Net cash from operating activities	—	-107.0%	+828.1%	+508.9%	-62.0%	-67.0%	-50.7%	+129.8%	-34.3%	-44.8%	—	-273.1%	+11.5%	+1,291.9%	—
Investing activities
Capital expenditure	+315.9%	+63.4%	-14.1%	-58.8%	+73.9%	-48.1%	+1,041.1%	-79.6%	-51.0%	-9.7%	-26.5%	+207.1%	-47.6%	+589.9%	—
Net cash from investing activities	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Financing activities
Dividends paid	—	—	—	—	—	—	-100.0%	—	—	—	-100.0%	—	—	—	—
Borrowings raised / (repaid)	-141.9%	—	—	-122.4%	+50.8%	—	-241.3%	—	-164.2%	—	—	-539.6%	-30.9%	—	—
Net cash from financing activities	-141.9%	—	—	-122.4%	-49.6%	—	-554.7%	—	-164.2%	—	-120.4%	+292.9%	-30.9%	—	—
Net change in cash	—	-174.5%	+4,044.6%	—	-482.7%	—	-188.9%	—	-200.5%	—	—	-115.4%	—	—	—
Key figures
Free cash flow (operating cash flow − capex)	—	-123.8%	+27,012.3%	—	—	—	-153.5%	+6,242.6%	—	-178.7%	—	—	—	—	—

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 64

NSRM cash flow statement — all reported line items (Rs mn)
Rs mn	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	FY2011 Jul 2010 – Jun 2011
Profit/(Loss) - Starting Line - Cash Flow	111.4	96.4	(3.6)	52.9	56.5	(43.1)	30.6	36.3	33.9	—	—	—	—	—	—
Non-cash Items & Reconciliation Adjustments - Cash Flow	52.8	35.5	31.8	37.0	23.4	26.4	21.4	20.3	24.8	53.5	84.8	(17.6)	26.3	25.2	7.7
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	23.0	7.2	(0.3)	(6.7)	(7.9)	(5.2)	(4.3)	(4.9)	(3.3)	53.5	85.3	(17.1)	26.3	25.2	7.7
Financial Income/(Expense) - Cash Flow - to Reconcile	1.9	(1.4)	8.8	12.8	6.7	5.8	3.0	3.0	4.4	—	(0.5)	(0.5)	—	—	—
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	31.5	29.8	30.0	31.1	27.7	25.8	23.2	22.2	23.8	—	—	—	—	—	—
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	30.1	28.3	28.6	29.7	27.6	25.8	23.2	22.2	23.8	—	—	—	—	—	—
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile	1.4	1.4	1.4	1.4	0.1	—	—	—	—	—	—	—	—	—	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(3.5)	(0.1)	(6.7)	(0.1)	(3.1)	0.0	(0.5)	0.0	(0.1)	—	—	—	—	—	—
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	0.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	32.0	35.3	40.7	27.0	(2.0)	17.9	20.0	13.2	14.4	10.5	9.2	7.3	4.2	4.7	2.1
Interest Paid - Cash	2.4	1.4	10.0	13.1	13.6	5.8	2.5	3.2	4.4	6.3	9.1	4.7	4.9	5.2	4.4
Interest & Dividends - Received - Total - Cash Flow	1.2	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash Flow from Operating Activities before Changes in Working Capital	131.0	95.2	(22.5)	49.9	68.2	(40.5)	29.6	40.2	39.8	36.7	66.5	(29.7)	17.1	15.4	1.1
Working Capital - Increase/(Decrease) - Cash Flow	(5.0)	(108.7)	216.2	(29.0)	(64.8)	49.5	(2.3)	15.2	(15.7)	—	—	—	—	—	—
Accounts Receivables - Decrease/(Increase) - Cash Flow	27.3	(145.7)	(20.8)	(74.4)	(85.3)	29.9	(50.1)	68.9	(37.6)	—	—	—	—	—	—
Inventories - Decrease/(Increase) - Cash Flow	11.2	(30.5)	46.7	(17.8)	(30.7)	35.2	(88.2)	(24.8)	20.6	—	—	—	—	—	—
Prepaid Expenses - Decrease/(Increase) - Cash Flow	0.6	(0.3)	(0.6)	(0.0)	(3.2)	(2.1)	5.0	(3.6)	(0.2)	—	—	—	—	—	—
Accrued Expenses - Increase/(Decrease) - Cash Flow	—	—	—	—	32.6	18.1	(5.0)	(7.8)	—	—	—	—	—	—	—
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	—	—	—	—	0.2	0.1	0.0	(0.0)	—	—	—	—	—	—	—
Accounts Payable - Increase/(Decrease) - Cash Flow	(44.1)	67.8	190.9	63.2	21.6	(31.8)	136.1	(17.6)	1.4	—	—	—	—	—	—
Net Cash Flow from Operating Activities	126.0	(13.5)	193.7	20.9	3.4	9.0	27.3	55.3	24.1	36.7	66.5	(29.7)	17.1	15.4	1.1
Capital Expenditures - Net - Cash Flow	113.4	28.4	6.1	15.6	44.7	28.2	53.1	4.8	22.8	46.0	52.2	30.4	21.4	43.5	5.9
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	113.4	28.4	6.1	15.6	44.7	28.2	53.1	4.8	22.8	46.0	52.2	30.4	21.4	43.5	5.9
Property, Plant & Equipment - Purchased - Cash Flow	118.0	28.4	17.4	20.2	49.0	28.2	54.4	4.8	23.3	47.6	52.6	71.6	23.3	44.5	6.4
Property, Plant & Equipment Sold - Cash Flow	4.7	0.0	11.3	4.6	4.3	0.0	1.3	0.0	0.5	1.5	0.5	41.2	1.9	1.0	0.5
Capital Expenditures - Total	118.0	28.4	17.4	20.2	49.0	28.2	54.4	4.8	23.3	47.6	52.6	71.6	23.3	44.5	6.4
Investments excluding Loans - Decrease/(Increase) - Cash Flow	56.0	(57.6)	—	—	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	56.0	(57.6)	—	—	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Sold/Matured - Unclassified - Cash Flow	56.0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	—	57.6	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	2.9	3.8	0.3	0.1	(4.3)	(2.6)	(0.1)	0.0	0.0	(3.3)	(16.2)	(9.5)	0.9	1.1	0.4
Net Cash Flow from Investing Activities	(54.6)	(82.2)	(5.8)	(15.5)	(49.0)	(30.8)	(53.2)	(4.7)	(22.8)	(49.3)	(68.3)	(39.9)	(20.5)	(42.4)	(5.5)
Dividends Paid - Cash - Total - Cash Flow	—	—	—	—	—	—	0.0	11.6	—	—	0.0	1.1	0.0	—	1.1
Dividends - Common - Cash Paid	—	—	—	—	—	—	0.0	11.6	—	—	0.0	1.1	0.0	—	1.1
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	—	0.0	144.4	—	—	—
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	—	—	—	—	—	—	—	—	—	—	0.0	144.4	—	—	—
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	—	—	—	—	—	—	0.0	144.4	—	—	—
Stock - Common - Issued/Sold - Cash Flow	—	—	—	—	—	—	—	—	—	—	0.0	144.4	—	—	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(14.1)	33.6	(104.5)	(3.4)	15.0	10.0	(23.7)	16.8	(20.1)	31.3	(13.8)	(75.5)	17.2	24.9	(4.6)
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	(14.1)	33.6	(104.5)	(3.4)	15.0	10.0	(23.7)	16.8	(9.4)	41.3	(5.2)	30.6	—	—	—
Debt - Issued - Short-Term - Cash Flow	—	33.6	—	—	15.0	10.0	—	—	—	—	—	—	—	—	—
Debt - Reduced - Short-Term - Cash Flow	14.1	—	104.5	3.4	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	—	—	—	—	—	—	—	0.0	(10.7)	(10.0)	(8.6)	(106.1)	17.2	24.9	(4.6)
Lease liabilities - Issued/(Reduced) - Cash Flow	—	—	—	—	—	—	—	0.0	(10.7)	(10.0)	(8.6)	39.3	(2.3)	(4.0)	(4.6)
Debt - Issued - Long-Term - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	39.3	19.5	28.8	—
Lease liabilities - Issued - Cash flow	—	—	—	—	—	—	—	—	—	—	—	39.3	—	—	—
Debt - Reduced - Long-Term - Cash Flow	—	—	—	—	—	—	—	0.0	10.7	10.0	8.6	145.4	2.3	4.0	4.6
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	—	—	—	—	—	—	—	0.0	10.7	10.0	8.6	—	2.3	4.0	4.6
Other Financing Cash Flow - Increase/(Decrease)	—	—	—	—	—	19.8	—	—	—	—	0.0	(0.4)	—	—	—
Net Cash Flow from Financing Activities	(14.1)	33.6	(104.5)	(3.4)	15.0	29.8	(23.7)	5.2	(20.1)	31.3	(13.8)	67.5	17.2	24.9	(5.7)
Net Change in Cash - Total	57.4	(62.1)	83.4	2.0	(30.6)	8.0	(49.6)	55.8	(18.8)	18.7	(15.7)	(2.1)	13.8	(2.1)	(10.1)
Net Cash from Continuing Operations	57.4	(62.1)	83.4	2.0	(30.6)	8.0	(49.6)	55.8	(18.8)	18.7	(15.7)	(2.1)	13.8	(2.1)	(10.1)
Net Cash - Beginning Balance	32.3	94.4	11.0	9.0	(17.7)	(25.7)	23.9	(31.9)	(13.1)	(31.8)	(16.1)	(14.0)	(27.8)	(25.7)	(15.6)
Net Cash - Ending Balance	89.6	32.3	94.4	11.0	(48.3)	(17.7)	(25.7)	23.9	(31.9)	(13.1)	(31.8)	(16.1)	(14.0)	(27.8)	(25.7)
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	32.0	35.3	40.7	27.0	(2.0)	17.9	20.0	13.2	14.4	10.5	9.2	7.3	4.2	4.7	2.1
Interest Paid - Cash Flow - Supplemental	2.4	1.4	10.0	13.1	13.6	5.8	2.5	3.2	4.4	6.3	9.1	4.7	4.9	5.2	4.4
Interest & Dividends - Received - Cash Flow - Supplemental	1.2	—	—	—	—	—	—	—	—	—	—	—	—	—	—
CF from Optg Activities before Change in WC & Int Payments	133.4	96.6	(12.5)	62.9	81.9	(34.6)	32.1	43.3	44.2	43.0	75.6	(24.9)	22.1	20.5	5.5
Cash Dividends Paid & Common Stock Buyback - Net	—	—	—	—	—	—	—	—	—	—	0.0	(143.3)	—	—	—
Common Stock Buyback - Net	—	—	—	—	—	—	—	—	—	—	0.0	(144.4)	—	—	—
Depreciation, Depletion & Amortization - Cash Flow	31.5	29.8	30.0	31.1	27.7	25.8	23.2	22.2	23.8	—	—	—	—	—	—
Free Cash Flow to Equity	(1.5)	(8.3)	83.1	1.9	(26.3)	(9.2)	(49.5)	67.4	(18.8)	22.0	0.5	(135.5)	12.9	(3.3)	(9.4)
Free Cash Flow Net of Dividends	7.9	(41.9)	176.3	0.7	(45.6)	(19.2)	(27.0)	39.0	0.8	(10.9)	13.8	(102.4)	(6.2)	(29.1)	(6.5)
Free Cash Flow	7.9	(41.9)	176.3	0.7	(45.6)	(19.2)	(27.0)	50.6	0.8	(10.9)	13.8	(101.3)	(6.2)	(29.1)	(5.3)

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