Last close · 16 Oct 2026
Rs 132.06 -0.68%
Annual · FY2007 – FY2026
Security Papers Limited (SEPL) cash flow statement
Operating activities generated Rs 1.2 bn of cash in FY2026 (Jul 2025 – Jun 2026), up 43.7% on FY2025, 78% of the starting profit. Capital expenditure was Rs 2.8 bn, leaving free cash flow of -Rs 1.5 bn. Dividends paid to shareholders came to Rs 437.9 mn. Overall, cash decreased by Rs 382.9 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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 1,598.1 | 2,413.8 | 2,392.2 | 1,543.7 | 1,397.7 | 1,996.2 | 1,801.6 | 1,159.3 | 1,079.9 | 1,304.1 | 913.4 | 703.3 | 610.7 | 468.1 | 510.2 | 421.5 | 520.3 | 493.2 | 477.5 | 454.2 |
| Depreciation & amortisation | 287.0 | 254.1 | 223.7 | 211.8 | 232.2 | 202.3 | 197.4 | 215.3 | 208.5 | 205.8 | 212.5 | 203.9 | 197.0 | 194.4 | 151.7 | 122.1 | 114.5 | 103.8 | 101.3 | 98.5 |
| Net cash from operating activities | 1,239.6 | 862.4 | 698.4 | 100.7 | 1,186.3 | 700.9 | 1,696.8 | 642.0 | 1,016.0 | 373.2 | 421.6 | 436.0 | 519.6 | 476.6 | 263.6 | 234.7 | 286.3 | 288.2 | 129.7 | 379.9 |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | (2,767.2) | (431.0) | (330.7) | (132.0) | (142.7) | (337.7) | (438.4) | (127.8) | (195.9) | (83.0) | (66.2) | (118.3) | (161.7) | (37.0) | (549.2) | (586.2) | (88.5) | (164.1) | (54.7) | (44.0) |
| Net cash from investing activities | (1,184.6) | 120.4 | (1,233.8) | 1,791.3 | (585.3) | (291.1) | (693.1) | (380.8) | (320.3) | 33.5 | 60.1 | (78.7) | (93.1) | (81.1) | (319.5) | (441.6) | (144.6) | (421.1) | (88.2) | (570.0) |
| Financing activities | ||||||||||||||||||||
| Dividends paid | (437.9) | (672.4) | (712.7) | (537.1) | (484.4) | (433.8) | (427.3) | (484.8) | (443.1) | (404.2) | (322.8) | (160.2) | (215.5) | (222.8) | (187.9) | (205.8) | (205.8) | (102.9) | (85.4) | (66.0) |
| Borrowings raised / (repaid) | — | 0.0 | (4.7) | (17.5) | (10.5) | (7.8) | (97.4) | 22.9 | 48.1 | (44.9) | (126.0) | (165.8) | (165.1) | (151.9) | 222.7 | 400.5 | (5.6) | (2.9) | (2.1) | 0.0 |
| Net cash from financing activities | (437.9) | (672.4) | (717.4) | (554.7) | (494.9) | (441.6) | (524.7) | (461.9) | (395.0) | (449.1) | (448.9) | (326.0) | (380.6) | (374.7) | 34.8 | 194.7 | (211.4) | (105.8) | (87.5) | (66.0) |
| Net change in cash | (382.9) | 310.4 | (1,252.7) | 1,337.4 | 106.1 | (31.8) | 479.0 | (200.7) | 300.7 | (42.4) | 32.8 | 31.3 | 46.0 | 20.7 | (21.1) | (12.2) | (69.6) | (238.7) | (45.9) | (256.2) |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (1,527.6) | 431.4 | 367.7 | (31.3) | 1,043.6 | 363.1 | 1,258.5 | 514.2 | 820.1 | 290.2 | 355.4 | 317.7 | 357.9 | 439.6 | (285.5) | (351.5) | 197.8 | 124.1 | 75.1 | 335.9 |
| 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 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | -33.8% | +0.9% | +55.0% | +10.4% | -30.0% | +10.8% | +55.4% | +7.4% | -17.2% | +42.8% | +29.9% | +15.2% | +30.5% | -8.3% | +21.0% | -19.0% | +5.5% | +3.3% | +5.1% | — |
| Depreciation & amortisation | +12.9% | +13.6% | +5.6% | -8.8% | +14.8% | +2.5% | -8.3% | +3.3% | +1.3% | -3.1% | +4.2% | +3.5% | +1.3% | +28.2% | +24.2% | +6.6% | +10.3% | +2.5% | +2.8% | — |
| Net cash from operating activities | +43.7% | +23.5% | +593.5% | -91.5% | +69.3% | -58.7% | +164.3% | -36.8% | +172.2% | -11.5% | -3.3% | -16.1% | +9.0% | +80.8% | +12.3% | -18.0% | -0.7% | +122.2% | -65.8% | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +542.1% | +30.3% | +150.4% | -7.5% | -57.7% | -23.0% | +243.1% | -34.8% | +135.9% | +25.5% | -44.1% | -26.8% | +337.2% | -93.3% | -6.3% | +562.1% | -46.0% | +200.3% | +24.2% | — |
| Net cash from investing activities | -1,083.9% | — | -168.9% | — | — | — | — | — | -1,056.9% | -44.4% | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | -34.9% | -5.7% | +32.7% | +10.9% | +11.7% | +1.5% | -11.8% | +9.4% | +9.6% | +25.2% | +101.5% | -25.6% | -3.3% | +18.5% | -8.7% | 0.0% | +100.0% | +20.5% | +29.4% | — |
| Borrowings raised / (repaid) | — | — | — | — | — | — | -525.7% | -52.4% | — | — | — | — | — | -168.2% | -44.4% | — | — | — | — | — |
| Net cash from financing activities | — | — | — | — | — | — | — | — | — | — | — | — | — | -1,176.0% | -82.1% | — | — | — | — | — |
| Net change in cash | -223.4% | — | -193.7% | +1,160.7% | — | -106.6% | — | -166.8% | — | -229.3% | +4.8% | -31.8% | +121.6% | — | — | — | — | — | — | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -454.1% | +17.3% | — | -103.0% | +187.4% | -71.1% | +144.8% | -37.3% | +182.7% | -18.4% | +11.9% | -11.2% | -18.6% | — | — | -277.7% | +59.3% | +65.3% | -77.6% | — |
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 53
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 1,598.1 | 2,413.8 | 2,392.2 | 1,543.7 | 1,397.7 | 1,996.2 | 1,801.6 | 1,159.3 | 1,079.9 | 1,304.1 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | (369.0) | (643.8) | (772.6) | (435.5) | 26.2 | (380.5) | (142.5) | 297.6 | 79.8 | (295.9) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | (663.7) | (884.0) | (997.8) | (667.0) | (356.1) | (247.3) | (286.2) | (165.1) | (129.9) | (113.1) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 6.7 | 3.4 | 6.1 | 5.2 | 3.4 | (4.2) | (31.8) | 3.1 | 1.1 | (96.8) |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 287.0 | 254.1 | 223.7 | 211.8 | 232.2 | 202.3 | 197.4 | 215.3 | 208.5 | 205.8 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 283.1 | 250.3 | 220.9 | 209.0 | 229.6 | 199.8 | 195.7 | 214.9 | 208.4 | 205.8 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 3.9 | 3.8 | 2.8 | 2.7 | 2.6 | 2.6 | 1.6 | 0.4 | 0.1 | 0.0 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | 1.0 | (17.3) | (4.5) | 14.5 | 5.1 | (7.2) | (1.4) | 244.3 | 0.0 | (291.7) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | — | — | — | 0.0 | 141.5 | (324.1) | (20.4) | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 856.4 | 849.7 | 807.5 | 451.6 | 521.2 | 471.4 | 525.1 | 467.8 | 371.6 | 381.6 |
| Interest Paid - Cash | 6.7 | 3.8 | 5.6 | 1.4 | 2.1 | 3.9 | 4.1 | 1.1 | 4.4 | 4.4 |
| Interest & Dividends - Received - Total - Cash Flow | — | — | 0.0 | 1.7 | 1.1 | 7.8 | 36.1 | 0.0 | 3.2 | 100.9 |
| Cash Flow from Operating Activities before Changes in Working Capital | 366.0 | 916.3 | 806.5 | 656.8 | 901.8 | 1,148.1 | 1,166.0 | 987.9 | 786.9 | 723.3 |
| Working Capital - Increase/(Decrease) - Cash Flow | 873.6 | (54.0) | (108.1) | (556.1) | 284.5 | (447.3) | 530.8 | (346.0) | 229.1 | (350.1) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 264.7 | 105.8 | 200.9 | (700.7) | (65.3) | (485.6) | 583.7 | (313.1) | 32.2 | (349.8) |
| Inventories - Decrease/(Increase) - Cash Flow | 152.8 | (72.1) | (172.9) | (237.1) | (20.8) | (28.0) | (187.8) | 17.9 | 116.7 | (102.4) |
| Accounts Payable - Increase/(Decrease) - Cash Flow | 456.2 | (87.7) | (136.1) | 381.6 | 370.7 | 66.3 | 134.9 | (50.8) | 80.2 | 102.2 |
| Net Cash Flow from Operating Activities | 1,239.6 | 862.4 | 698.4 | 100.7 | 1,186.3 | 700.9 | 1,696.8 | 642.0 | 1,016.0 | 373.2 |
| Capital Expenditures - Net - Cash Flow | 2,755.3 | 409.0 | 326.1 | 128.8 | 140.8 | 335.4 | 434.9 | 125.2 | 194.1 | 82.9 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 2,752.6 | 403.7 | 325.3 | 128.0 | 140.5 | 334.9 | 414.6 | 124.6 | 192.8 | 82.9 |
| Property, Plant & Equipment - Purchased - Cash Flow | 2,764.4 | 425.7 | 329.8 | 131.2 | 142.4 | 337.2 | 418.1 | 127.1 | 194.5 | 83.0 |
| Property, Plant & Equipment Sold - Cash Flow | 11.9 | 22.0 | 4.6 | 3.3 | 1.9 | 2.3 | 3.5 | 2.5 | 1.7 | 0.1 |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | 2.8 | 5.3 | 0.9 | 0.8 | 0.3 | 0.5 | 20.2 | 0.7 | 1.4 | — |
| Intangible Assets - Purchased/Acquired - Cash Flow | 2.8 | 5.3 | 0.9 | 0.8 | 0.3 | 0.5 | 20.2 | 0.7 | 1.4 | — |
| Capital Expenditures - Total | 2,767.2 | 431.0 | 330.7 | 132.0 | 142.7 | 337.7 | 438.4 | 127.8 | 195.9 | 83.0 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 1,025.5 | (77.0) | (1,721.9) | 1,423.0 | (631.8) | (179.7) | (518.7) | (415.2) | (250.1) | (28.4) |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 1,025.5 | (77.0) | (1,721.9) | 1,423.0 | (631.8) | (179.7) | (518.7) | (415.2) | (250.1) | (28.4) |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | 4,222.8 | 1,975.5 | 288.0 | 3,915.6 | 6,674.9 | 2,275.4 | 3,817.8 | 4,361.4 | 250.0 | 291.6 |
| Investment Securities - Purchased - Unclassified - Cash Flow | 3,197.3 | 2,052.5 | 2,009.9 | 2,492.6 | 7,306.7 | 2,455.1 | 4,336.5 | 4,776.6 | 500.1 | 320.0 |
| Other Investing Cash Flow - Decrease/(Increase) | 545.2 | 606.4 | 814.3 | 497.1 | 187.3 | 224.0 | 260.5 | 159.6 | 124.0 | 144.8 |
| Net Cash Flow from Investing Activities | (1,184.6) | 120.4 | (1,233.8) | 1,791.3 | (585.3) | (291.1) | (693.1) | (380.8) | (320.3) | 33.5 |
| Dividends Paid - Cash - Total - Cash Flow | 437.9 | 672.4 | 712.7 | 537.1 | 484.4 | 433.8 | 427.3 | 484.8 | 443.1 | 404.2 |
| Dividends - Common - Cash Paid | 437.9 | 672.4 | 712.7 | 537.1 | 484.4 | 433.8 | 427.3 | 484.8 | 443.1 | 404.2 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | — | 0.0 | (4.7) | (17.5) | (10.5) | (7.8) | (97.4) | 22.9 | 48.1 | (44.9) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | — | — | — | — | — | 0.0 | (88.0) | 33.3 | 54.6 | — |
| Debt - Issued - Short-Term - Cash Flow | — | — | — | — | — | — | — | 33.3 | 54.6 | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | — | 0.0 | (4.7) | (17.5) | (10.5) | (7.8) | (9.4) | (10.4) | (6.5) | (44.9) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | — | 0.0 | (4.7) | (17.5) | (10.5) | (7.8) | (9.4) | (10.4) | (6.5) | (4.9) |
| Debt - Reduced - Long-Term - Cash Flow | — | 0.0 | 4.7 | 17.5 | 10.5 | 7.8 | 9.4 | 10.4 | 6.5 | 44.9 |
| 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 | — | 0.0 | 4.7 | 17.5 | 10.5 | 7.8 | 9.4 | 10.4 | 6.5 | 4.9 |
| Net Cash Flow from Financing Activities | (437.9) | (672.4) | (717.4) | (554.7) | (494.9) | (441.6) | (524.7) | (461.9) | (395.0) | (449.1) |
| Net Change in Cash - Total | (382.9) | 310.4 | (1,252.7) | 1,337.4 | 106.1 | (31.8) | 479.0 | (200.7) | 300.7 | (42.4) |
| Net Cash from Continuing Operations | (382.9) | 310.4 | (1,252.7) | 1,337.4 | 106.1 | (31.8) | 479.0 | (200.7) | 300.7 | (42.4) |
| Net Cash - Beginning Balance | 1,153.2 | 842.8 | 2,095.5 | 758.2 | 652.1 | 683.9 | 204.9 | 405.7 | 104.9 | 147.4 |
| Net Cash - Ending Balance | 770.3 | 1,153.2 | 842.8 | 2,095.5 | 758.2 | 652.1 | 683.9 | 204.9 | 405.7 | 104.9 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 856.4 | 849.7 | 807.5 | 451.6 | 521.2 | 471.4 | 525.1 | 467.8 | 371.6 | 381.6 |
| Interest Paid - Cash Flow - Supplemental | 6.7 | 3.8 | 5.6 | 1.4 | 2.1 | 3.9 | 4.1 | 1.1 | 4.4 | 4.4 |
| Interest & Dividends - Received - Cash Flow - Supplemental | — | — | 0.0 | 1.7 | 1.1 | 7.8 | 36.1 | 0.0 | 3.2 | 100.9 |
| CF from Optg Activities before Change in WC & Int Payments | 372.7 | 920.2 | 812.1 | 658.3 | 903.8 | 1,152.0 | 1,170.1 | 989.0 | 791.3 | 727.6 |
| Depreciation, Depletion & Amortization - Cash Flow | 287.0 | 254.1 | 223.7 | 211.8 | 232.2 | 202.3 | 197.4 | 215.3 | 208.5 | 205.8 |
| Free Cash Flow to Equity | (1,515.7) | 453.4 | 367.6 | (45.6) | 1,035.0 | 357.7 | 1,164.6 | 539.6 | 870.0 | 245.4 |
| Free Cash Flow Net of Dividends | (1,965.5) | (241.0) | (345.0) | (568.5) | 559.2 | (70.6) | 831.1 | 29.4 | 377.0 | (114.1) |
| Free Cash Flow | (1,527.6) | 431.4 | 367.7 | (31.3) | 1,043.6 | 363.1 | 1,258.5 | 514.2 | 820.1 | 290.2 |
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.