Last close · 16 Oct 2026
Rs 990.03 -0.14%
Annual · FY2005 – FY2024
Pakistan Services Limited (PSEL) cash flow statement
Operating activities generated Rs 1.6 bn of cash in FY2024 (Jul 2023 – Jun 2024), 441% of the starting profit. Capital expenditure was Rs 2.4 bn, leaving free cash flow of -Rs 832.7 mn. Overall, cash decreased by Rs 111.0 mn.
| Rs mn | 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 | FY2010 Jul 2009 – Jun 2010 | FY2009 Jul 2008 – Jun 2009 | FY2008 Jul 2007 – Jun 2008 | FY2007 Jul 2006 – Jun 2007 | FY2006 Jul 2005 – Jun 2006 | FY2005 Jul 2004 – Jun 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 354.6 | (1,447.5) | (361.6) | (558.1) | (2,127.8) | (961.4) | 785.8 | 1,517.2 | 1,224.9 | 1,489.4 | 1,836.7 | 675.8 | 1,047.8 | 1,019.0 | 554.2 | (139.0) | 479.9 | 1,000.4 | 822.1 | 462.5 |
| Depreciation & amortisation | 967.0 | 957.0 | 1,021.3 | 1,050.1 | 1,071.0 | 896.4 | 665.2 | 529.0 | 528.6 | 437.5 | 372.0 | 324.8 | 251.5 | 240.0 | 265.2 | 269.8 | 229.6 | 194.6 | 209.7 | 185.8 |
| Net cash from operating activities | 1,563.1 | (72.8) | 2,761.4 | 368.8 | 621.9 | (609.0) | (1,962.6) | 1,126.1 | 1,466.4 | 1,067.1 | 1,484.5 | 958.8 | 662.3 | 828.8 | 233.1 | 737.2 | 777.9 | 1,027.7 | 835.0 | 695.1 |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | (2,395.8) | (1,529.8) | (1,065.4) | (783.5) | (1,821.5) | (4,429.6) | (4,130.2) | (5,678.8) | (3,533.0) | (1,000.2) | (1,256.3) | (906.6) | (748.0) | (774.0) | (338.4) | (961.8) | (331.5) | (640.7) | (222.5) | (119.7) |
| Net cash from investing activities | 1,782.8 | 1,569.0 | (1,785.9) | (395.7) | (1,199.4) | (4,204.1) | (407.5) | (5,629.6) | (3,377.4) | (621.8) | (1,332.8) | (752.6) | (560.1) | (720.7) | (781.8) | (893.9) | (1,018.2) | (653.2) | (505.9) | (377.7) |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | — | — | — | 0.0 | (17.7) | (476.0) | (561.2) | (320.2) | 0.0 | — | — | — | — | 0.0 | (46.8) | (35.8) | (77.5) | (82.5) | (80.6) |
| Borrowings raised / (repaid) | (3,754.3) | (1,228.6) | (451.7) | (336.4) | (812.7) | 3,258.6 | 3,665.3 | 4,627.4 | 1,910.5 | 146.1 | 2.3 | (229.2) | 246.4 | 408.2 | (93.6) | (245.2) | (346.0) | (316.2) | (294.0) | 253.6 |
| Net cash from financing activities | (3,457.0) | (1,013.7) | (419.2) | (16.1) | (663.9) | 3,153.0 | 3,144.3 | 4,029.7 | 1,590.4 | 146.1 | (16.7) | (229.2) | 246.4 | 408.2 | (93.6) | (291.9) | (381.7) | (393.7) | (376.5) | 173.0 |
| Net change in cash | (111.0) | 482.5 | 556.3 | (43.0) | (1,241.4) | (1,660.1) | 774.2 | (473.8) | (320.6) | 591.5 | 135.0 | (23.0) | 348.7 | 516.4 | (643.9) | (441.4) | (615.7) | (13.9) | (47.4) | 490.4 |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (832.7) | (1,602.6) | 1,696.0 | (414.7) | (1,199.6) | (5,038.6) | (6,092.8) | (4,552.7) | (2,066.6) | 67.0 | 228.2 | 52.2 | (85.7) | 54.8 | (105.3) | (224.7) | 446.4 | 387.0 | 612.5 | 575.5 |
| Rs mn | 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 | FY2010 Jul 2009 – Jun 2010 | FY2009 Jul 2008 – Jun 2009 | FY2008 Jul 2007 – Jun 2008 | FY2007 Jul 2006 – Jun 2007 | FY2006 Jul 2005 – Jun 2006 | FY2005 Jul 2004 – Jun 2005 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | — | — | — | — | -222.3% | -48.2% | +23.9% | -17.8% | -18.9% | +171.8% | -35.5% | +2.8% | +83.9% | — | -129.0% | -52.0% | +21.7% | +77.8% | — |
| Depreciation & amortisation | +1.0% | -6.3% | -2.7% | -2.0% | +19.5% | +34.8% | +25.8% | +0.1% | +20.8% | +17.6% | +14.5% | +29.1% | +4.8% | -9.5% | -1.7% | +17.5% | +18.0% | -7.2% | +12.9% | — |
| Net cash from operating activities | — | -102.6% | +648.7% | -40.7% | — | — | -274.3% | -23.2% | +37.4% | -28.1% | +54.8% | +44.8% | -20.1% | +255.6% | -68.4% | -5.2% | -24.3% | +23.1% | +20.1% | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +56.6% | +43.6% | +36.0% | -57.0% | -58.9% | +7.3% | -27.3% | +60.7% | +253.2% | -20.4% | +38.6% | +21.2% | -3.4% | +128.7% | -64.8% | +190.1% | -48.3% | +188.0% | +85.9% | — |
| Net cash from investing activities | +13.6% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | — | — | — | -100.0% | -96.3% | -15.2% | +75.3% | — | — | — | — | — | — | -100.0% | +30.8% | -53.9% | -6.0% | +2.3% | — |
| Borrowings raised / (repaid) | — | — | — | — | -124.9% | -11.1% | -20.8% | +142.2% | +1,207.4% | +6,270.0% | — | -193.0% | -39.6% | — | — | — | — | — | -215.9% | — |
| Net cash from financing activities | — | — | — | — | -121.1% | +0.3% | -22.0% | +153.4% | +988.3% | — | — | -193.0% | -39.6% | — | — | — | — | — | -317.6% | — |
| Net change in cash | -123.0% | -13.3% | — | — | — | -314.4% | — | — | -154.2% | +338.1% | — | -106.6% | -32.5% | — | — | — | — | — | -109.7% | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | -194.5% | — | — | — | — | — | — | -3,185.3% | -70.6% | +337.1% | — | -256.3% | — | — | -150.3% | +15.4% | -36.8% | +6.4% | — |
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. Updated 15 Oct 2026.
All reported line items 67
| Rs mn | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 354.6 | (1,447.5) | (361.6) | (558.1) | (2,127.8) | (961.4) | 785.8 | 1,517.2 | 1,224.9 | 1,489.4 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 2,766.2 | 3,647.3 | 3,537.2 | 1,948.3 | 2,964.6 | 2,895.4 | 1,832.1 | 925.7 | 1,238.5 | 492.4 |
| Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile | (258.4) | (155.0) | (107.3) | (133.8) | (87.8) | (95.3) | (90.6) | (100.5) | (91.0) | (94.4) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | (69.6) | 999.0 | 1,190.8 | (245.0) | 132.1 | 880.5 | 363.4 | 54.0 | 690.5 | 115.8 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 2,545.8 | 1,997.3 | 1,439.0 | 1,246.7 | 1,735.7 | 1,160.7 | 727.7 | 412.7 | 131.5 | 39.6 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 1,184.9 | 957.0 | 1,021.3 | 1,184.5 | 1,071.0 | 969.5 | 665.2 | 529.0 | 528.6 | 437.5 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 943.1 | 922.7 | 976.4 | 1,017.7 | 1,071.0 | 896.4 | 665.2 | 529.0 | 528.6 | 437.5 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 23.9 | 34.3 | 44.9 | 32.4 | — | — | — | — | — | — |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | 217.9 | — | 0.0 | 134.4 | 0.0 | 73.2 | — | — | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (642.7) | (151.1) | 2.5 | (96.6) | 117.9 | (21.6) | 60.0 | 35.8 | (23.3) | (7.0) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | 6.2 | 0.2 | (9.2) | (7.4) | (4.3) | 1.6 | 106.4 | (5.3) | 2.2 | 1.0 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | (189.1) | 453.8 | 241.1 | 149.6 | 96.7 | 575.4 | 501.7 | 466.3 | 664.4 | 559.6 |
| Interest Paid - Cash | 3,346.8 | 2,453.8 | 2,204.4 | 487.8 | 1,955.7 | 1,315.2 | 2,622.3 | 385.1 | 153.0 | 158.2 |
| Interest & Dividends - Received - Total - Cash Flow | 274.1 | 272.3 | 139.7 | 110.1 | 169.7 | 976.3 | 55.1 | 42.0 | 54.5 | 48.7 |
| Cash Flow from Operating Activities before Changes in Working Capital | 237.2 | (435.5) | 869.9 | 863.0 | (1,046.0) | 1,019.8 | (450.9) | 1,633.5 | 1,700.4 | 1,312.7 |
| Working Capital - Increase/(Decrease) - Cash Flow | 1,325.9 | 362.7 | 1,891.5 | (494.2) | 1,667.9 | (1,628.8) | (1,511.7) | (507.4) | (234.0) | (245.6) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (338.3) | (247.9) | (779.7) | (68.7) | 268.7 | (65.2) | (168.0) | (73.0) | 445.3 | 13.2 |
| Inventories - Decrease/(Increase) - Cash Flow | (25.8) | (112.7) | (48.9) | (68.7) | 21.3 | (33.7) | (21.2) | 26.6 | (43.4) | (8.6) |
| Other Assets - Decrease/(Increase) - Cash Flow | 1,521.8 | (188.8) | 1,832.7 | 98.3 | 552.1 | (1,578.1) | (1,651.3) | (501.8) | (601.4) | (5.2) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 175.3 | 845.2 | 541.1 | (582.3) | 822.6 | (228.4) | 328.9 | 40.8 | (34.5) | (245.0) |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | (7.2) | 66.8 | 346.4 | 127.2 | 3.2 | 276.6 | — | — | — | — |
| Net Cash Flow from Operating Activities | 1,563.1 | (72.8) | 2,761.4 | 368.8 | 621.9 | (609.0) | (1,962.6) | 1,126.1 | 1,466.4 | 1,067.1 |
| Capital Expenditures - Net - Cash Flow | (1,536.7) | (921.5) | 841.8 | 53.2 | 1,213.9 | 4,135.5 | 420.5 | 5,656.8 | 3,470.0 | 977.3 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | (1,536.7) | (921.5) | 841.8 | 53.2 | 1,213.9 | 4,135.5 | 420.5 | 5,656.8 | 3,470.0 | 977.3 |
| Property, Plant & Equipment - Purchased - Cash Flow | 2,395.8 | 1,529.8 | 1,065.4 | 783.5 | 1,821.5 | 4,429.6 | 4,130.2 | 5,678.8 | 3,533.0 | 1,000.2 |
| Property, Plant & Equipment Sold - Cash Flow | 3,932.6 | 2,451.3 | 223.6 | 730.3 | 607.6 | 294.1 | 3,709.6 | 22.0 | 63.0 | 22.9 |
| Capital Expenditures - Total | 2,395.8 | 1,529.8 | 1,065.4 | 783.5 | 1,821.5 | 4,429.6 | 4,130.2 | 5,678.8 | 3,533.0 | 1,000.2 |
| Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow | — | 0.0 | 1.4 | — | — | — | — | — | — | — |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 0.3 | 555.7 | (1,178.3) | (0.1) | 447.3 | 197.8 | 31.3 | 25.4 | 94.9 | 356.5 |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 0.3 | 555.7 | (1,178.3) | (0.1) | 447.3 | 197.8 | 31.3 | 25.4 | 94.9 | 356.5 |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | — | — | — | — | — | — | 31.3 | 25.5 | 94.9 | 357.6 |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | — | — | — | — | — | 0.0 | 0.0 | 0.0 | 1.1 |
| Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow | — | 0.0 | (4.7) | (282.9) | (286.9) | (245.3) | — | — | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | 245.8 | 91.8 | 237.5 | (59.5) | (145.9) | (21.1) | (18.3) | 1.8 | (2.3) | (1.0) |
| Net Cash Flow from Investing Activities | 1,782.8 | 1,569.0 | (1,785.9) | (395.7) | (1,199.4) | (4,204.1) | (407.5) | (5,629.6) | (3,377.4) | (621.8) |
| Dividends Paid - Cash - Total - Cash Flow | — | — | — | — | 0.0 | 17.7 | 476.0 | 561.2 | 320.2 | 0.0 |
| Dividends - Common - Cash Paid | — | — | — | — | 0.0 | 17.7 | 476.0 | 561.2 | 320.2 | 0.0 |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | 0.0 | 279.0 | — | — | — | — | — | — |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | 0.0 | 279.0 | — | — | — | — | — | — |
| Stock - Preferred - Issuance/(Retirement) - Net - Cash Flow | — | — | 0.0 | 279.0 | — | — | — | — | — | — |
| Stock - Preferred - Issued/Sold - Cash Flow | — | — | 0.0 | 279.0 | — | — | — | — | — | — |
| Minority Interests & Joint Ventures - Net - Cash Flow | — | — | 0.0 | 21.0 | — | — | — | — | — | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (3,754.3) | (1,228.6) | (451.7) | (336.4) | (812.7) | 3,258.6 | 3,665.3 | 4,627.4 | 1,910.5 | 146.1 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (99.2) | 157.5 | 279.8 | 293.3 | 603.3 | — | — | — | — | — |
| Debt - Issued - Short-Term - Cash Flow | — | 157.5 | 279.8 | 293.3 | 603.3 | — | — | — | — | — |
| Debt - Reduced - Short-Term - Cash Flow | 99.2 | — | — | — | — | — | — | — | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (3,655.1) | (1,386.1) | (731.5) | (629.7) | (1,416.0) | 3,258.6 | 3,665.3 | 4,627.4 | 1,910.5 | 146.1 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (112.7) | (120.5) | (135.2) | (150.0) | (220.0) | — | — | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | 45.0 | 441.1 | 0.0 | 36.9 | 377.6 | 4,816.7 | 4,183.3 | 5,150.0 | 2,000.0 | 400.0 |
| Debt - Reduced - Long-Term - Cash Flow | 3,700.1 | 1,827.1 | 731.5 | 666.6 | 1,793.6 | 1,558.1 | 518.0 | 522.6 | 89.5 | 253.9 |
| 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 | 112.7 | 120.5 | 135.2 | 150.0 | 220.0 | — | — | — | — | — |
| Other Financing Cash Flow - Increase/(Decrease) | 297.4 | 214.9 | 32.5 | 20.3 | 148.8 | (87.9) | (45.0) | (36.5) | — | — |
| Net Cash Flow from Financing Activities | (3,457.0) | (1,013.7) | (419.2) | (16.1) | (663.9) | 3,153.0 | 3,144.3 | 4,029.7 | 1,590.4 | 146.1 |
| Net Change in Cash - Total | (111.0) | 482.5 | 556.3 | (43.0) | (1,241.4) | (1,660.1) | 774.2 | (473.8) | (320.6) | 591.5 |
| Net Cash from Continuing Operations | (111.0) | 482.5 | 556.3 | (43.0) | (1,241.4) | (1,660.1) | 774.2 | (473.8) | (320.6) | 591.5 |
| Net Cash - Beginning Balance | (1,145.5) | (1,627.9) | (2,184.2) | (2,141.2) | (899.8) | 760.2 | (14.0) | 459.8 | 780.4 | 188.9 |
| Net Cash - Ending Balance | (1,256.5) | (1,145.5) | (1,627.9) | (2,184.2) | (2,141.2) | (899.8) | 760.2 | (14.0) | 459.8 | 780.4 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | (189.1) | 453.8 | 241.1 | 149.6 | 96.7 | 575.4 | 501.7 | 466.3 | 664.4 | 559.6 |
| Interest Paid - Cash Flow - Supplemental | 3,346.8 | 2,453.8 | 2,204.4 | 487.8 | 1,955.7 | 1,315.2 | 2,622.3 | 385.1 | 153.0 | 158.2 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 274.1 | 272.3 | 139.7 | 110.1 | 169.7 | 976.3 | 55.1 | 42.0 | 54.5 | 48.7 |
| CF from Optg Activities before Change in WC & Int Payments | 3,584.1 | 2,018.3 | 3,074.3 | 1,350.7 | 909.8 | 2,335.0 | 2,171.4 | 2,018.7 | 1,853.4 | 1,470.9 |
| Contract Assets - Decrease/(Increase) - Cash Flow | (25.5) | 7.0 | (4.8) | (19.3) | 26.2 | (29.8) | — | — | — | — |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | (7.2) | 79.8 | 352.3 | 108.4 | 3.2 | 276.6 | — | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 967.0 | 957.0 | 1,021.3 | 1,050.1 | 1,071.0 | 896.4 | 665.2 | 529.0 | 528.6 | 437.5 |
| Free Cash Flow to Equity | (654.5) | (379.9) | 1,467.9 | (20.8) | (1,404.7) | (1,486.0) | 1,282.2 | 96.7 | (93.0) | 236.0 |
| Free Cash Flow Net of Dividends | (832.7) | (1,602.6) | 1,696.0 | (414.7) | (1,199.6) | (5,056.3) | (6,568.8) | (5,113.9) | (2,386.8) | 67.0 |
| Free Cash Flow | (832.7) | (1,602.6) | 1,696.0 | (414.7) | (1,199.6) | (5,038.6) | (6,092.8) | (4,552.7) | (2,066.6) | 67.0 |
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.