RMPL Rafhan Maize Products Company Limited
Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 8,453.33 -0.04%
Quarterly · Q3 FY2021 – Q2 FY2026
Rafhan Maize Products Company Limited (RMPL) quarterly cash flow statement
Operating activities generated -Rs 6.1 bn of cash in Q2 FY2026 (Apr – Jun 2026), down 766.2% on Q2 FY2025. Capital expenditure was Rs 371.7 mn, leaving free cash flow of -Rs 6.5 bn. Dividends paid to shareholders came to Rs 951.2 mn. Overall, cash decreased by Rs 7.4 bn.
| Rs mn | TTM to Jun 2026 | Q2 FY2026 Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 | Q2 FY2024 Apr – Jun 2024 | Q1 FY2024 Jan – Mar 2024 | Q4 FY2023 Oct – Dec 2023 | Q3 FY2023 Jul – Sep 2023 | Q2 FY2023 Apr – Jun 2023 | Q1 FY2023 Jan – Mar 2023 | Q4 FY2022 Oct – Dec 2022 | Q3 FY2022 Jul – Sep 2022 | Q2 FY2022 Apr – Jun 2022 | Q1 FY2022 Jan – Mar 2022 | Q4 FY2021 Oct – Dec 2021 | Q3 FY2021 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 2,587.9 | (5,118.9) | 3,322.1 | 2,373.6 | 2,011.0 | 3,160.1 | 3,146.5 | 3,060.7 | 2,996.4 | 2,797.5 | 2,839.1 | 1,926.9 | 2,159.4 | 4,143.1 | 3,771.0 | 2,240.3 | 2,505.7 | 2,737.3 | 2,438.3 | 1,556.0 | 1,906.0 |
| Depreciation & amortisation | — | — | 213.8 | 229.8 | 178.0 | 188.6 | 181.3 | 182.9 | 184.9 | 188.4 | 164.8 | 153.6 | 148.7 | 139.7 | 136.2 | 131.3 | 130.6 | 129.5 | 128.2 | 123.3 | 123.3 |
| Net cash from operating activities | 2,102.9 | (6,094.7) | 2,839.4 | 8,878.4 | (3,520.1) | 914.8 | (2,042.2) | 9,423.1 | (7,491.0) | 7,383.6 | (1,465.9) | 9,147.3 | (7,054.0) | 3,137.6 | 3,993.2 | 6,139.5 | (8,556.9) | 746.5 | 2,755.6 | 3,414.9 | — |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (3,387.2) | (371.7) | (737.2) | (1,651.1) | (627.2) | (172.9) | (148.5) | (623.6) | (765.3) | (214.7) | (311.6) | (830.1) | (669.0) | (565.4) | (366.3) | (548.2) | (98.5) | (117.6) | (117.4) | (224.4) | — |
| Net cash from investing activities | 5,396.8 | (445.1) | (649.5) | 76.6 | 6,414.8 | (4,099.7) | 1,425.7 | (5,477.6) | 7,613.8 | (3,803.2) | (1,380.7) | (6,219.7) | (655.8) | (524.3) | (348.7) | (532.9) | (88.9) | (111.5) | (117.9) | (224.2) | — |
| Financing activities | |||||||||||||||||||||
| Dividends paid | (4,272.6) | (951.2) | (0.6) | (1,855.8) | (1,465.0) | (648.4) | (0.5) | (1,521.7) | (324.2) | (3,264.7) | (0.5) | (1,165.3) | (1,826.0) | (401.7) | (0.1) | (162.3) | (164.9) | (807.6) | (898.1) | (1,726.4) | — |
| Borrowings raised / (repaid) | 928.6 | 105.7 | 3.1 | (1,337.1) | 2,157.0 | 1,922.1 | (2.5) | 174.0 | 232.9 | 1,381.2 | 141.0 | 31.8 | 237.7 | 84.6 | (1.8) | (3,783.0) | 3,851.2 | (32.2) | (32.2) | (32.1) | — |
| Net cash from financing activities | (3,344.0) | (845.5) | 2.5 | (3,192.9) | 692.0 | 1,273.8 | (3.0) | (1,347.8) | (91.3) | (1,883.6) | 140.6 | (1,133.5) | (1,588.3) | (317.0) | (1.8) | (3,945.3) | 3,686.3 | (839.8) | (930.2) | (1,758.5) | — |
| Net change in cash | 4,155.8 | (7,385.3) | 2,192.3 | 5,762.0 | 3,586.7 | (1,911.1) | (619.6) | 2,597.7 | 31.6 | 1,696.8 | (2,706.0) | 1,794.2 | (9,298.1) | 2,296.2 | 3,642.7 | 1,661.3 | (4,959.5) | (204.8) | 1,707.5 | 1,432.2 | — |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (1,284.3) | (6,466.4) | 2,102.1 | 7,227.3 | (4,147.3) | 742.0 | (2,190.7) | 8,799.5 | (8,256.2) | 7,168.9 | (1,777.5) | 8,317.3 | (7,723.0) | 2,572.2 | 3,626.9 | 5,591.3 | (8,655.4) | 628.8 | 2,638.2 | 3,190.6 | — |
| Rs mn | Q2 FY2026 Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 | Q2 FY2024 Apr – Jun 2024 | Q1 FY2024 Jan – Mar 2024 | Q4 FY2023 Oct – Dec 2023 | Q3 FY2023 Jul – Sep 2023 | Q2 FY2023 Apr – Jun 2023 | Q1 FY2023 Jan – Mar 2023 | Q4 FY2022 Oct – Dec 2022 | Q3 FY2022 Jul – Sep 2022 | Q2 FY2022 Apr – Jun 2022 | Q1 FY2022 Jan – Mar 2022 | Q4 FY2021 Oct – Dec 2021 | Q3 FY2021 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | -262.0% | +5.6% | -22.4% | -32.9% | +13.0% | +10.8% | +58.8% | +38.8% | -32.5% | -24.7% | -14.0% | -13.8% | +51.4% | +54.7% | +44.0% | +31.5% | -1.0% | -10.1% | -38.3% | -23.3% |
| Depreciation & amortisation | — | +18.0% | +25.7% | -3.7% | +0.1% | +10.0% | +19.1% | +24.3% | +34.8% | +21.0% | +17.0% | +13.9% | +7.9% | +6.2% | +6.5% | +5.8% | +4.9% | +4.4% | +1.2% | +1.6% |
| Net cash from operating activities | -766.2% | — | -5.8% | — | -87.6% | — | +3.0% | — | +135.3% | -136.7% | +49.0% | — | +320.3% | +44.9% | +79.8% | — | — | — | -15.6% | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +115.0% | +396.4% | +164.8% | -18.0% | -19.5% | -52.3% | -24.9% | +14.4% | -62.0% | -14.9% | +51.4% | +579.2% | +380.7% | +212.0% | +144.3% | — | — | +1.6% | +78.1% | — |
| Net cash from investing activities | — | -145.6% | — | -15.7% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | +46.7% | +13.6% | +22.0% | +351.9% | -80.1% | +6.3% | +30.6% | -82.2% | +712.8% | +633.8% | +617.9% | +1,007.1% | -50.3% | -100.0% | -90.6% | — | — | -0.0% | +24.8% | — |
| Borrowings raised / (repaid) | -94.5% | — | -868.6% | +826.0% | +39.2% | -101.8% | +446.3% | -2.0% | +1,532.4% | — | — | -93.8% | — | — | — | — | — | — | — | — |
| Net cash from financing activities | -166.4% | — | — | — | — | -102.1% | — | — | — | — | — | -143.1% | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | +121.8% | +11,263.0% | -212.6% | — | +44.8% | — | -26.1% | -174.3% | +8.0% | — | — | +113.3% | +16.0% | — | — | — | -43.5% | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -971.5% | — | -17.9% | — | -89.7% | — | +5.8% | — | +178.7% | -149.0% | +48.8% | — | +309.0% | +37.5% | +75.2% | — | — | — | -18.7% | — |
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 54
| Rs bn | Q2 FY2026 Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 | Q2 FY2024 Apr – Jun 2024 | Q1 FY2024 Jan – Mar 2024 | Q4 FY2023 Oct – Dec 2023 | Q3 FY2023 Jul – Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (5.1) | 3.3 | 2.4 | 2.0 | 3.2 | 3.1 | 3.1 | 3.0 | 2.8 | 2.8 | 1.9 | 2.2 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | (0.1) | 0.1 | 1.1 | 0.4 | 0.2 | 0.1 | 0.2 | 0.4 | 0.3 | 0.3 | 0.1 | 0.2 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | (0.1) | (0.1) | 0.7 | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | (0.0) | 0.0 | (0.0) | (0.1) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | — | (0.0) | (0.1) | 0.2 | (0.0) | (0.0) | 0.0 | 0.2 | 0.1 | 0.2 | 0.0 | 0.1 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | — | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | — | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | — | (0.0) | 0.3 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 1.1 | 1.6 | 0.8 | 0.7 | 1.4 | 1.2 | 1.0 | 1.0 | 0.9 | 0.9 | 0.9 | 1.0 |
| Interest Paid - Cash | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Interest & Dividends - Received - Total - Cash Flow | 0.4 | 0.1 | 0.3 | 0.0 | 0.2 | 0.3 | 0.2 | 0.1 | 0.0 | 0.0 | 0.1 | 0.4 |
| Cash Flow from Operating Activities before Changes in Working Capital | (6.1) | 1.8 | 2.7 | 1.7 | 1.9 | 2.0 | 2.3 | 2.1 | 2.0 | 2.2 | 1.0 | 1.6 |
| Working Capital - Increase/(Decrease) - Cash Flow | — | 1.0 | 6.2 | (5.2) | (1.0) | (4.0) | 7.2 | (9.6) | 5.4 | (3.7) | 8.1 | (8.7) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | — | (1.1) | 0.0 | 0.1 | 0.3 | (0.7) | 0.3 | (0.2) | 0.1 | (0.4) | (0.2) | 0.7 |
| Inventories - Decrease/(Increase) - Cash Flow | — | 9.1 | (2.4) | 2.2 | (8.6) | 0.5 | 3.3 | (6.2) | 1.7 | 4.5 | 0.4 | (6.5) |
| Prepaid Expenses - Decrease/(Increase) - Cash Flow | — | 0.2 | 0.1 | (0.3) | (0.1) | 0.1 | 0.1 | 0.1 | (0.2) | 0.2 | 0.1 | 0.1 |
| Other Assets - Decrease/(Increase) - Cash Flow | — | (0.0) | (0.0) | (0.0) | (0.0) | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | — | (7.6) | 8.3 | (7.0) | 7.4 | (3.4) | 3.4 | (3.8) | 3.3 | (7.9) | 7.9 | (3.0) |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | — | 0.4 | 0.0 | (0.2) | 0.0 | (0.5) | 0.1 | 0.5 | 0.5 | (0.1) | 0.0 | 0.0 |
| Net Cash Flow from Operating Activities | (6.1) | 2.8 | 8.9 | (3.5) | 0.9 | (2.0) | 9.4 | (7.5) | 7.4 | (1.5) | 9.1 | (7.1) |
| Capital Expenditures - Net - Cash Flow | 0.4 | 0.7 | 1.6 | 0.6 | 0.1 | 0.1 | 0.6 | 0.8 | 0.2 | 0.3 | 0.8 | 0.7 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 0.4 | 0.7 | 1.6 | 0.6 | 0.1 | 0.1 | 0.6 | 0.8 | 0.2 | 0.3 | 0.8 | 0.7 |
| Property, Plant & Equipment - Purchased - Cash Flow | 0.4 | 0.7 | 1.7 | 0.6 | 0.2 | 0.1 | 0.6 | 0.8 | 0.2 | 0.3 | 0.8 | 0.7 |
| Property, Plant & Equipment Sold - Cash Flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Capital Expenditures - Total | 0.4 | 0.7 | 1.7 | 0.6 | 0.2 | 0.1 | 0.6 | 0.8 | 0.2 | 0.3 | 0.8 | 0.7 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 0.0 | 0.0 | 1.7 | 7.0 | (4.0) | 1.5 | (4.9) | 8.4 | (3.6) | (1.1) | 2.8 | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 0.0 | 0.0 | 1.7 | 7.0 | (4.0) | 1.5 | (4.9) | 8.4 | (3.6) | (1.1) | 2.8 | — |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | — | 4.5 | 40.1 | — | — | 3.5 | 30.5 | — | — | 6.7 | 2.8 | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | 4.5 | 38.4 | — | — | 2.0 | 35.3 | — | — | 7.8 | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | (0.1) | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | (8.2) | 0.0 |
| Net Cash Flow from Investing Activities | (0.4) | (0.6) | 0.1 | 6.4 | (4.1) | 1.4 | (5.5) | 7.6 | (3.8) | (1.4) | (6.2) | (0.7) |
| Dividends Paid - Cash - Total - Cash Flow | 1.0 | 0.0 | 1.9 | 1.5 | 0.6 | 0.0 | 1.5 | 0.3 | 3.3 | 0.0 | 1.2 | 1.8 |
| Dividends - Common - Cash Paid | 1.0 | 0.0 | 1.9 | 1.5 | 0.6 | 0.0 | 1.5 | 0.3 | 3.3 | 0.0 | 1.2 | 1.8 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 0.1 | 0.0 | (1.3) | 2.2 | 1.9 | (0.0) | 0.2 | 0.2 | 1.4 | 0.1 | 0.0 | 0.2 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 0.1 | 0.0 | (1.6) | 2.2 | 2.3 | 0.0 | 0.2 | 0.2 | 1.4 | — | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (0.0) | (0.0) | 0.2 | (0.0) | (0.3) | (0.0) | (0.0) | (0.0) | (0.0) | 0.1 | 0.0 | 0.2 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (0.0) | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Debt - Issued - Long-Term - Cash Flow | 0.0 | 0.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.0 | 0.2 |
| Lease liabilities - Issued - Cash flow | — | — | — | 0.0 | — | — | — | — | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 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 | 0.0 | 0.0 | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Cash Flow from Financing Activities | (0.8) | 0.0 | (3.2) | 0.7 | 1.3 | (0.0) | (1.3) | (0.1) | (1.9) | 0.1 | (1.1) | (1.6) |
| Net Change in Cash - Total | (7.4) | 2.2 | 5.8 | 3.6 | (1.9) | (0.6) | 2.6 | 0.0 | 1.7 | (2.7) | 1.8 | (9.3) |
| Net Cash from Continuing Operations | (7.4) | 2.2 | 5.8 | 3.6 | (1.9) | (0.6) | 2.6 | 0.0 | 1.7 | (2.7) | 1.8 | (9.3) |
| Net Cash - Beginning Balance | 9.6 | 7.4 | 1.7 | (1.9) | (0.0) | 0.6 | (2.0) | (0.4) | (2.1) | 0.6 | (1.1) | 8.1 |
| Net Cash - Ending Balance | 2.2 | 9.6 | 7.4 | 1.7 | (1.9) | (0.0) | 0.6 | (0.3) | (0.4) | (2.1) | 0.6 | (1.1) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 1.1 | 1.6 | 0.8 | 0.7 | 1.4 | 1.2 | 1.0 | 1.0 | 0.9 | 0.9 | 0.9 | 1.0 |
| Interest Paid - Cash Flow - Supplemental | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 0.4 | 0.1 | 0.3 | 0.0 | 0.2 | 0.3 | 0.2 | 0.1 | 0.0 | 0.0 | 0.1 | 0.4 |
| CF from Optg Activities before Change in WC & Int Payments | (5.9) | 2.0 | 3.0 | 1.8 | 2.1 | 2.3 | 2.4 | 2.4 | 2.1 | 2.4 | 1.2 | 1.7 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | — | 0.4 | 0.0 | (0.2) | 0.0 | (0.5) | 0.1 | 0.5 | 0.5 | (0.1) | 0.0 | 0.0 |
| Depreciation, Depletion & Amortization - Cash Flow | — | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Free Cash Flow to Equity | (6.3) | 2.1 | 5.9 | (2.0) | 2.7 | (2.2) | 9.0 | (8.0) | 8.6 | (1.6) | 8.4 | (7.5) |
| Free Cash Flow Net of Dividends | (7.4) | 2.1 | 5.4 | (5.6) | 0.1 | (2.2) | 7.3 | (8.6) | 3.9 | (1.8) | 7.2 | (9.5) |
| Free Cash Flow | (6.5) | 2.1 | 7.2 | (4.1) | 0.7 | (2.2) | 8.8 | (8.3) | 7.2 | (1.8) | 8.3 | (7.7) |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.