Sitara Energy Limited (SEL) cash flow statement

Operating activities generated Rs 204.8 mn of cash in FY2026 (Jul 2025 – Jun 2026), 293% of the starting profit. Capital expenditure was Rs 113.4 mn, leaving free cash flow of Rs 91.4 mn. Overall, cash increased by Rs 31.4 mn.

SEL 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 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
Operating activities
Profit (cash-flow starting line, as reported)	70.0	120.4	68.4	(101.1)	(153.8)	(135.5)	(130.8)	(187.2)	(83.3)	(96.5)	161.2	103.5	206.5	248.5	251.7
Depreciation & amortisation	45.2	47.4	41.2	27.1	29.9	27.8	20.1	31.3	39.2	36.7	96.0	99.9	89.8	86.9	79.2
Net cash from operating activities	204.8	(113.4)	(164.9)	66.7	115.9	(53.7)	(91.3)	(10.3)	(79.4)	(296.9)	238.2	(31.0)	403.2	230.2	320.4
Investing activities
Capital expenditure	(113.4)	(62.6)	(19.2)	(17.1)	(0.7)	(24.2)	(7.0)	0.0	(16.7)	(11.2)	(53.1)	(40.6)	(115.0)	(71.0)	(91.4)
Net cash from investing activities	213.2	179.7	253.5	(17.1)	0.0	0.4	132.6	212.8	50.5	(7.0)	31.7	40.2	131.7	(71.0)	156.0
Financing activities
Dividends paid	—	—	—	—	—	—	0.0	(0.0)	(0.1)	(37.7)	(23.6)	(38.0)	(19.0)	(20.4)	(19.0)
Borrowings raised / (repaid)	(386.6)	(313.5)	(106.3)	(45.4)	(49.7)	9.0	18.9	(36.8)	19.1	59.8	57.5	166.6	(311.8)	20.4	(274.3)
Net cash from financing activities	(386.6)	(313.5)	(106.3)	(45.4)	(49.7)	9.0	18.9	(36.8)	19.1	22.2	33.9	(26.3)	(485.8)	(155.0)	(473.3)
Net change in cash	31.4	(247.3)	(17.7)	4.1	66.3	(44.3)	60.2	165.7	(9.9)	(281.8)	303.8	(17.1)	49.2	4.2	3.1
Key figures
Free cash flow (operating cash flow − capex)	91.4	(176.1)	(184.1)	49.6	115.2	(77.9)	(98.3)	(10.3)	(96.1)	(308.1)	185.1	(71.6)	288.3	159.1	229.0

SEL 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 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
Operating activities
Profit (cash-flow starting line, as reported)	-41.9%	+76.1%	—	—	—	—	—	—	—	-159.8%	+55.7%	-49.9%	-16.9%	-1.3%	—
Depreciation & amortisation	-4.7%	+15.1%	+51.8%	-9.4%	+7.6%	+38.2%	-35.7%	-20.2%	+6.9%	-61.8%	-3.9%	+11.3%	+3.4%	+9.6%	—
Net cash from operating activities	—	—	-347.2%	-42.5%	—	—	—	—	—	-224.6%	—	-107.7%	+75.2%	-28.2%	—
Investing activities
Capital expenditure	+81.1%	+226.1%	+12.0%	+2,195.0%	-96.9%	+245.9%	—	-100.0%	+49.1%	-78.9%	+30.7%	-64.7%	+61.9%	-22.3%	—
Net cash from investing activities	+18.7%	-29.1%	—	-584,264.6%	-99.2%	-99.7%	-37.7%	+321.5%	—	-122.1%	-21.2%	-69.5%	—	-145.5%	—
Financing activities
Dividends paid	—	—	—	—	—	—	-100.0%	-91.4%	-99.8%	+59.5%	-37.8%	+99.9%	-7.0%	+7.4%	—
Borrowings raised / (repaid)	—	—	—	—	-649.8%	-52.3%	—	-292.5%	-68.0%	+4.1%	-65.5%	—	-1,627.0%	—	—
Net cash from financing activities	—	—	—	—	-649.8%	-52.3%	—	-293.2%	-14.0%	-34.6%	—	—	—	—	—
Net change in cash	—	—	-527.4%	-93.7%	—	-173.6%	-63.7%	—	—	-192.8%	—	-134.8%	+1,082.9%	+35.7%	—
Key figures
Free cash flow (operating cash flow − capex)	—	—	-471.5%	-57.0%	—	—	—	—	—	-266.5%	—	-124.8%	+81.1%	-30.5%	—

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 55

SEL 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 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
Profit/(Loss) - Starting Line - Cash Flow	70.0	120.4	68.4	(101.1)	(153.8)	(135.5)	(130.8)	(187.2)	(83.3)	(96.5)	161.2	103.5	206.5	248.5	251.7
Non-cash Items & Reconciliation Adjustments - Cash Flow	(61.2)	(177.7)	(81.8)	136.6	152.3	142.9	180.3	130.8	93.2	147.4	203.8	119.9	174.2	286.7	273.7
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(5.0)	(252.8)	(105.5)	(22.9)	(0.0)	(0.0)	4.8	0.0	(70.2)	(5.8)	0.3	(103.0)	(17.9)	0.1	6.1
Financial Income/(Expense) - Cash Flow - to Reconcile	47.4	45.3	163.2	141.9	122.8	106.5	168.7	152.7	124.2	116.5	107.5	139.1	155.0	199.7	269.7
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	45.2	47.4	41.2	27.1	29.9	27.8	20.1	31.3	39.2	36.7	96.0	99.9	89.8	86.9	79.2
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	45.2	47.4	41.2	27.1	29.9	27.8	20.1	31.3	39.2	36.7	96.0	99.9	89.8	86.9	79.2
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	0.0	(6.5)	—	0.0	(0.5)	8.6	(9.8)	(53.2)	—	—	0.0	(16.0)	(52.8)	—	(81.4)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	(148.8)	(11.2)	(180.7)	(9.5)	—	—	(3.6)	—	—	—	—	—	—	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	6.4	10.1	9.7	1.5	4.3	1.4	(9.8)	3.2	3.2	4.5	5.8	4.1	4.3	8.0	4.0
Interest Paid - Cash	1.3	0.1	3.8	2.6	5.0	6.0	23.2	106.5	123.9	113.3	110.3	144.5	163.4	214.3	289.5
Interest & Dividends - Received - Total - Cash Flow	0.0	8.6	0.1	—	—	—	—	—	—	—	—	—	—	—	—
Cash Flow from Operating Activities before Changes in Working Capital	1.1	(58.8)	(26.9)	31.4	(10.8)	0.1	36.1	(166.1)	(117.3)	(66.8)	248.9	74.8	213.0	312.9	232.0
Working Capital - Increase/(Decrease) - Cash Flow	203.7	(54.6)	(138.1)	35.4	126.8	(53.8)	(127.4)	155.8	37.8	(230.1)	(10.6)	(105.8)	190.2	(82.7)	88.4
Accounts Receivables - Decrease/(Increase) - Cash Flow	174.3	(31.7)	(201.2)	(120.8)	190.9	32.7	(48.5)	220.7	(189.1)	56.1	(58.7)	(178.7)	(59.3)	(140.8)	(101.4)
Inventories - Decrease/(Increase) - Cash Flow	24.8	132.4	(65.6)	3.9	(75.9)	(231.7)	6.1	14.5	217.8	(577.4)	26.1	56.6	53.1	(10.5)	49.9
Other Assets - Decrease/(Increase) - Cash Flow	0.1	2.7	(6.9)	1.2	5.0	2.4	(2.0)	2.8	(33.2)	0.1	(38.9)	(2.5)	(5.5)	0.1	(14.6)
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	4.5	(158.1)	135.6	151.0	6.8	142.9	(83.1)	(82.3)	42.3	291.1	60.8	18.8	201.9	68.5	154.5
Net Cash Flow from Operating Activities	204.8	(113.4)	(164.9)	66.7	115.9	(53.7)	(91.3)	(10.3)	(79.4)	(296.9)	238.2	(31.0)	403.2	230.2	320.4
Capital Expenditures - Net - Cash Flow	113.4	59.9	19.2	17.1	(0.0)	0.6	(88.3)	(212.8)	(50.5)	7.0	(31.9)	(40.2)	(122.9)	71.0	57.0
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	113.4	59.9	19.2	17.1	(0.0)	0.6	(88.3)	(212.8)	(50.5)	7.0	(31.9)	(40.2)	(122.9)	71.0	57.0
Property, Plant & Equipment - Purchased - Cash Flow	113.4	62.6	19.2	17.1	0.7	24.2	7.0	0.0	16.7	11.2	53.1	40.6	115.0	71.0	91.4
Property, Plant & Equipment Sold - Cash Flow	0.0	2.7	—	0.0	0.8	23.6	95.3	212.8	67.2	4.2	85.0	80.8	237.8	—	34.4
Capital Expenditures - Total	113.4	62.6	19.2	17.1	0.7	24.2	7.0	0.0	16.7	11.2	53.1	40.6	115.0	71.0	91.4
Investments excluding Loans - Decrease/(Increase) - Cash Flow	326.1	213.9	272.7	—	0.0	1.0	36.8	—	—	—	—	—	9.4	—	213.0
Investment Property excluded from Capital Expenditures - Sold/(Purchased) - Net - Cash Flow	326.4	214.0	273.0	—	0.0	1.0	36.8	—	—	—	—	—	—	—	—
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	(0.3)	(0.0)	(0.3)	—	—	—	—	—	—	—	—	—	9.4	—	213.0
Investment Securities - Sold/Matured - Unclassified - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	9.4	—	213.0
Investment Securities - Purchased - Unclassified - Cash Flow	0.3	0.0	0.3	—	—	—	—	—	—	—	—	—	—	—	—
Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow	—	—	—	—	0.0	(0.0)	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	0.5	25.7	—	—	—	—	7.5	—	—	0.0	(0.2)	—	(0.6)	—	—
Net Cash Flow from Investing Activities	213.2	179.7	253.5	(17.1)	0.0	0.4	132.6	212.8	50.5	(7.0)	31.7	40.2	131.7	(71.0)	156.0
Dividends Paid - Cash - Total - Cash Flow	—	—	—	—	—	—	0.0	0.0	0.1	37.7	23.6	38.0	19.0	20.4	19.0
Dividends - Common - Cash Paid	—	—	—	—	—	—	0.0	0.0	0.1	37.7	23.6	38.0	19.0	20.4	19.0
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	(386.6)	(313.5)	(106.3)	(45.4)	(49.7)	9.0	18.9	(36.8)	19.1	59.8	57.5	166.6	(311.8)	20.4	(274.3)
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	(259.7)	(172.0)	(10.0)	(10.0)	(33.0)	13.2	18.9	(34.3)	21.7	264.7	60.2	268.3	(310.2)	(277.4)	27.8
Debt - Reduced - Short-Term - Cash Flow	259.7	172.0	10.0	10.0	—	—	—	—	—	—	—	—	—	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	(126.9)	(141.5)	(96.3)	(35.4)	(16.7)	(4.2)	0.0	(2.5)	(2.6)	(204.9)	(2.8)	(101.6)	(1.5)	297.8	(302.1)
Lease liabilities - Issued/(Reduced) - Cash Flow	—	—	—	—	—	—	0.0	(2.5)	(2.6)	(4.9)	(2.8)	(1.6)	—	(2.2)	(2.1)
Debt - Issued - Long-Term - Cash Flow	—	—	—	—	—	—	—	—	—	—	—	—	—	300.0	0.0
Debt - Reduced - Long-Term - Cash Flow	126.9	141.5	96.3	35.4	16.7	4.2	0.0	2.5	2.6	204.9	2.8	101.6	1.5	2.2	302.1
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	2.5	2.6	4.9	2.8	1.6	—	2.2	2.1
Other Financing Cash Flow - Increase/(Decrease)	—	—	—	—	—	—	—	—	—	—	0.0	(155.0)	(155.0)	(155.0)	(180.0)
Net Cash Flow from Financing Activities	(386.6)	(313.5)	(106.3)	(45.4)	(49.7)	9.0	18.9	(36.8)	19.1	22.2	33.9	(26.3)	(485.8)	(155.0)	(473.3)
Net Change in Cash - Total	31.4	(247.3)	(17.7)	4.1	66.3	(44.3)	60.2	165.7	(9.9)	(281.8)	303.8	(17.1)	49.2	4.2	3.1
Net Cash from Continuing Operations	31.4	(247.3)	(17.7)	4.1	66.3	(44.3)	60.2	165.7	(9.9)	(281.8)	303.8	(17.1)	49.2	4.2	3.1
Net Cash - Beginning Balance	43.4	290.7	308.4	304.3	238.0	282.3	222.1	56.4	66.3	348.1	44.3	61.4	12.3	8.1	5.0
Net Cash - Ending Balance	74.8	43.4	290.7	308.4	304.3	238.0	282.3	222.1	56.4	66.3	348.1	44.3	61.4	12.3	8.1
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	6.4	10.1	9.7	1.5	4.3	1.4	(9.8)	3.2	3.2	4.5	5.8	4.1	4.3	8.0	4.0
Interest Paid - Cash Flow - Supplemental	1.3	0.1	3.8	2.6	5.0	6.0	23.2	106.5	123.9	113.3	110.3	144.5	163.4	214.3	289.5
Interest & Dividends - Received - Cash Flow - Supplemental	0.0	8.6	0.1	—	—	—	—	—	—	—	—	—	—	—	—
CF from Optg Activities before Change in WC & Int Payments	2.4	(58.7)	(23.1)	34.0	(5.8)	6.0	59.4	(59.6)	6.7	46.5	359.2	219.3	376.4	527.2	521.4
Depreciation, Depletion & Amortization - Cash Flow	45.2	47.4	41.2	27.1	29.9	27.8	20.1	31.3	39.2	36.7	96.0	99.9	89.8	86.9	79.2
Free Cash Flow to Equity	(295.2)	(486.9)	(290.4)	4.1	66.3	(45.3)	15.9	165.7	(9.8)	(244.1)	327.6	175.9	214.3	179.6	(10.9)
Free Cash Flow Net of Dividends	91.4	(176.1)	(184.1)	49.6	115.2	(77.9)	(98.3)	(10.3)	(96.2)	(345.8)	161.5	(109.6)	269.3	138.7	210.0
Free Cash Flow	91.4	(176.1)	(184.1)	49.6	115.2	(77.9)	(98.3)	(10.3)	(96.1)	(308.1)	185.1	(71.6)	288.3	159.1	229.0

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