Last close · 16 Oct 2026
Rs 39.80 -0.23%
Quarterly · Q1 FY2022 – Q4 FY2026
SPEL Limited (SPEL) quarterly cash flow statement
Operating activities generated Rs 198.5 mn of cash in Q4 FY2026 (Apr – Jun 2026), down 75.8% on Q4 FY2025, 35% of the starting profit. Capital expenditure was Rs 122.9 mn, leaving free cash flow of Rs 75.6 mn. Overall, cash increased by Rs 72.6 mn.
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 | Q4 FY2023 Apr – Jun 2023 | Q3 FY2023 Jan – Mar 2023 | Q2 FY2023 Oct – Dec 2022 | Q1 FY2023 Jul – Sep 2022 | Q4 FY2022 Apr – Jun 2022 | Q3 FY2022 Jan – Mar 2022 | Q2 FY2022 Oct – Dec 2021 | Q1 FY2022 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 1,855.2 | 564.2 | 483.1 | 379.6 | 428.4 | 664.5 | 543.2 | 353.7 | 429.5 | 335.5 | 207.7 | 162.6 | 204.5 | 253.2 | 316.3 | 209.6 | 80.4 | 236.3 | 256.2 | 145.0 | 214.6 |
| Depreciation & amortisation | 374.6 | 100.7 | 95.2 | 87.1 | 91.6 | 94.3 | 88.2 | 86.0 | 83.3 | 73.4 | 84.9 | 84.3 | 81.5 | 85.3 | 79.8 | 78.9 | 75.7 | 78.1 | 73.5 | 64.9 | 57.0 |
| Net cash from operating activities | 1,159.3 | 198.5 | 155.1 | 380.1 | 425.6 | 820.0 | 38.6 | 390.9 | (25.3) | (35.8) | 45.7 | 180.4 | 679.3 | 171.6 | 103.7 | 709.5 | (228.6) | 266.2 | 321.0 | 223.3 | (344.2) |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (723.8) | (122.9) | (407.8) | (114.8) | (78.3) | (9.1) | (58.7) | (45.1) | (64.9) | — | (219.3) | (53.0) | (77.9) | (276.8) | (100.9) | (92.3) | (19.0) | (191.7) | (189.7) | (267.7) | (346.3) |
| Net cash from investing activities | (748.7) | 33.2 | (136.0) | (414.0) | (231.9) | (485.9) | (39.5) | (46.4) | (25.2) | 538.9 | (275.9) | (37.1) | (72.9) | (266.8) | (81.3) | (317.2) | (19.0) | (191.7) | (180.8) | (267.4) | (346.3) |
| Financing activities | |||||||||||||||||||||
| Dividends paid | — | — | (94.9) | (75.3) | (0.3) | (56.1) | (57.1) | (150.5) | (0.0) | (0.0) | 0.0 | (94.3) | (0.0) | (49.3) | (0.0) | (0.0) | (0.0) | (48.8) | (51.0) | (45.0) | — |
| Borrowings raised / (repaid) | (305.2) | (159.9) | (17.1) | (65.0) | (63.1) | (311.7) | (68.0) | (98.6) | (119.8) | (142.1) | 27.6 | 67.0 | (169.4) | (45.2) | (38.6) | (218.8) | 8.4 | 22.3 | (32.1) | 213.0 | 383.9 |
| Net cash from financing activities | (474.8) | (159.1) | (112.0) | (140.3) | (63.4) | (367.8) | (125.1) | (249.2) | (119.8) | (142.1) | 27.6 | (27.2) | (229.0) | (149.9) | (38.6) | (218.8) | 8.3 | (26.5) | (83.1) | 168.0 | 383.9 |
| Net change in cash | (64.2) | 72.6 | (92.9) | (174.2) | 130.3 | (33.7) | (126.0) | 95.4 | (170.4) | 360.9 | (202.6) | 116.1 | 377.5 | (245.2) | (16.3) | 173.5 | (239.3) | 48.0 | 57.1 | 123.9 | (306.5) |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | 435.5 | 75.6 | (252.7) | 265.3 | 347.3 | 810.9 | (20.2) | 345.8 | (90.3) | — | (173.5) | 127.5 | 601.4 | (105.3) | 2.7 | 617.3 | (247.7) | 74.5 | 131.3 | (44.4) | (690.5) |
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 | Q4 FY2023 Apr – Jun 2023 | Q3 FY2023 Jan – Mar 2023 | Q2 FY2023 Oct – Dec 2022 | Q1 FY2023 Jul – Sep 2022 | Q4 FY2022 Apr – Jun 2022 | Q3 FY2022 Jan – Mar 2022 | Q2 FY2022 Oct – Dec 2021 | Q1 FY2022 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | -15.1% | -11.1% | +7.3% | -0.3% | +98.1% | +161.6% | +117.5% | +110.0% | +32.5% | -34.3% | -22.4% | +154.3% | +7.1% | +23.4% | +44.6% | -62.5% | +9.6% | +32.3% | +37.5% | +72.8% |
| Depreciation & amortisation | +6.7% | +8.0% | +1.4% | +10.0% | +28.6% | +3.9% | +1.9% | +2.2% | -14.0% | +6.3% | +6.9% | +7.6% | +9.2% | +8.6% | +21.6% | +32.9% | +55.4% | +57.3% | +37.8% | +25.6% |
| Net cash from operating activities | -75.8% | +302.2% | -2.8% | — | — | -15.7% | +116.7% | -103.7% | -120.9% | -55.9% | -74.6% | — | -35.5% | -67.7% | +217.7% | — | -11.0% | — | -7.4% | -211.0% |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +1,245.6% | +594.3% | +154.7% | +20.6% | — | -73.2% | -14.9% | -16.6% | — | +117.3% | -42.6% | +309.4% | +44.4% | -46.8% | -65.5% | -94.5% | +15.6% | -35.4% | +137.5% | +428.3% |
| Net cash from investing activities | — | — | — | — | -190.2% | — | — | — | — | — | — | — | — | — | — | — | — | -608.9% | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | +66.2% | -50.0% | +12,614.9% | +2,292,895.3% | — | +59.7% | -84.8% | -100.0% | -100.0% | +16,653,214.3% | -69.5% | +1.0% | -100.0% | -100.0% | — | — | — | -48.7% | — |
| Borrowings raised / (repaid) | — | — | — | — | — | -346.3% | -247.1% | — | — | — | — | -2,120.2% | -302.5% | — | -202.7% | -97.8% | +138.2% | -156.3% | — | — |
| Net cash from financing activities | — | — | — | — | — | -553.2% | — | — | — | — | — | -2,846.4% | — | — | -230.2% | -97.8% | -159.0% | -199.1% | +4,235.5% | — |
| Net change in cash | — | — | -282.7% | — | -109.3% | — | -17.9% | -145.1% | — | — | -33.1% | — | -610.8% | -128.6% | +40.0% | — | -73.1% | — | — | -312.1% |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -90.7% | — | -23.3% | — | — | — | +171.3% | -115.0% | — | -6,422.2% | -79.4% | — | -241.3% | -97.9% | — | — | -44.1% | — | -134.6% | -382.4% |
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 17 Oct 2026.
All reported line items 64
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 564.2 | 483.1 | 379.6 | 428.4 | 664.5 | 543.2 | 353.7 | 429.5 | 335.5 | 207.7 | 162.6 | 204.5 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 90.8 | 101.6 | 171.4 | 26.0 | 165.3 | 200.1 | 115.2 | 99.2 | 88.5 | 110.6 | 106.2 | 73.5 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | (14.8) | (19.5) | 73.1 | (84.5) | 45.4 | 53.5 | (1.0) | (20.3) | 19.4 | (2.1) | 0.9 | (34.0) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 26.7 | 26.0 | 12.1 | 16.5 | 22.8 | 27.7 | 36.4 | 36.4 | 49.5 | 28.9 | 25.2 | 28.0 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 100.7 | 95.2 | 87.1 | 91.6 | 94.3 | 88.2 | 86.0 | 83.3 | 73.4 | 84.9 | 84.3 | 81.5 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 100.7 | 95.2 | 87.1 | 91.6 | 94.2 | 88.2 | 85.9 | 83.2 | 73.3 | 84.8 | 84.3 | 81.5 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (21.8) | (0.1) | (1.0) | 2.4 | 2.7 | 30.7 | (6.2) | (0.2) | (53.8) | (1.1) | (4.2) | (1.9) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 146.8 | 235.9 | 176.8 | 171.1 | 130.4 | 187.2 | 148.3 | 47.8 | 94.4 | 54.8 | 62.8 | 113.1 |
| Interest Paid - Cash | 12.7 | 37.3 | 16.9 | 13.5 | 12.5 | 27.5 | 25.0 | 41.0 | 42.9 | 23.8 | 13.0 | 20.7 |
| Interest & Dividends - Received - Total - Cash Flow | — | — | — | — | 4.8 | — | — | — | 17.3 | — | — | — |
| Cash Flow from Operating Activities before Changes in Working Capital | 495.5 | 311.5 | 357.2 | 269.7 | 691.8 | 528.6 | 295.6 | 440.0 | 304.1 | 239.8 | 193.0 | 144.2 |
| Working Capital - Increase/(Decrease) - Cash Flow | (297.0) | (156.4) | 22.8 | 155.9 | 128.2 | (490.1) | 95.3 | (465.3) | (339.9) | (194.0) | (12.6) | 535.1 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (122.7) | (191.6) | 190.3 | 309.7 | (74.5) | (436.0) | 141.2 | (300.6) | (51.1) | (58.2) | (25.5) | 23.1 |
| Inventories - Decrease/(Increase) - Cash Flow | 9.9 | (471.0) | (105.2) | (21.7) | 193.8 | (276.3) | 47.9 | (99.6) | 42.8 | (450.7) | 101.5 | 253.3 |
| Prepaid Expenses - Decrease/(Increase) - Cash Flow | 90.7 | (53.5) | (15.0) | (2.4) | (76.8) | 48.8 | 75.5 | (38.6) | (55.2) | (1.4) | (3.2) | 53.9 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (235.8) | 362.3 | (14.3) | (115.3) | 36.1 | 177.6 | (160.0) | 31.3 | (345.6) | 309.5 | (87.8) | 200.8 |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | (39.0) | 197.3 | (33.0) | (14.4) | 49.7 | (4.1) | (9.3) | (57.8) | 69.1 | 6.8 | 2.3 | 4.0 |
| Net Cash Flow from Operating Activities | 198.5 | 155.1 | 380.1 | 425.6 | 820.0 | 38.6 | 390.9 | (25.3) | (35.8) | 45.7 | 180.4 | 679.3 |
| Capital Expenditures - Net - Cash Flow | 43.9 | 407.6 | 111.4 | 76.6 | (21.7) | 39.5 | 26.4 | 45.2 | (255.7) | 215.9 | 37.1 | 72.9 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 43.9 | 407.6 | 111.4 | 76.6 | (21.1) | 39.5 | 26.4 | 44.5 | (255.7) | 215.9 | 37.1 | 72.9 |
| Property, Plant & Equipment - Purchased - Cash Flow | 122.9 | 407.8 | 114.8 | 78.3 | 9.1 | 58.7 | 45.1 | 64.3 | — | 219.3 | 53.0 | 77.9 |
| Property, Plant & Equipment Sold - Cash Flow | 79.0 | 0.1 | 3.4 | 1.7 | 30.2 | 19.2 | 18.7 | 19.8 | 255.7 | 3.3 | 15.9 | 5.0 |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | — | 0.0 | 0.0 | 0.0 | (0.7) | 0.0 | 0.0 | 0.7 | — | — | — | — |
| Intangible Assets - Purchased/Acquired - Cash Flow | — | 0.0 | 0.0 | 0.0 | — | 0.0 | 0.0 | 0.7 | — | — | — | — |
| Intangible Assets - Net - Cash Flow | — | — | — | — | (0.7) | — | — | — | — | — | — | — |
| Capital Expenditures - Total | 122.9 | 407.8 | 114.8 | 78.3 | 9.1 | 58.7 | 45.1 | 64.9 | — | 219.3 | 53.0 | 77.9 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 77.0 | 271.6 | (302.6) | (155.3) | (507.6) | — | — | — | 303.2 | (60.0) | — | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 77.0 | 271.6 | (302.6) | (155.3) | (507.6) | — | — | — | 303.2 | (60.0) | — | — |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | 186.2 | 271.6 | — | — | — | — | — | — | — | — | — | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | 109.2 | — | 302.6 | 155.3 | 507.6 | — | — | — | — | — | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | — | — | — | 0.0 | — | — | (20.0) | 20.0 | (20.0) | — | — | — |
| Net Cash Flow from Investing Activities | 33.2 | (136.0) | (414.0) | (231.9) | (485.9) | (39.5) | (46.4) | (25.2) | 538.9 | (275.9) | (37.1) | (72.9) |
| Dividends Paid - Cash - Total - Cash Flow | — | 94.9 | 75.3 | 0.3 | 56.1 | 57.1 | 150.5 | 0.0 | 0.0 | 0.0 | 94.3 | 0.0 |
| Dividends - Common - Cash Paid | — | 94.9 | 75.3 | 0.3 | 56.1 | 57.1 | 150.5 | 0.0 | 0.0 | 0.0 | 94.3 | 0.0 |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 | 0.0 | (59.5) |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 | 0.0 | (59.5) |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 | 0.0 | (59.5) |
| Stock - Common - Repurchased/Retired - Cash Flow | — | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 | 0.0 | 59.5 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (159.9) | (17.1) | (65.0) | (63.1) | (311.7) | (68.0) | (98.6) | (119.8) | (142.1) | 27.6 | 67.0 | (169.4) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 0.0 | — | — | 0.0 | 0.0 | 0.0 | 0.0 | (30.0) | (43.8) | 42.6 | (6.3) | (45.9) |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (159.9) | (17.1) | (65.0) | (63.1) | (311.7) | (68.0) | (98.6) | (89.8) | (98.3) | (15.0) | 73.3 | (123.6) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (130.4) | (3.7) | (50.0) | (39.4) | (315.0) | (16.3) | (46.9) | (37.2) | (70.0) | 34.7 | (11.6) | (8.6) |
| Debt - Issued - Long-Term - Cash Flow | — | — | — | — | 3.3 | — | — | — | — | 49.9 | 91.5 | — |
| Lease liabilities - Issued - Cash flow | — | — | — | — | — | — | — | — | — | 49.9 | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 159.9 | 17.1 | 65.0 | 63.1 | 315.0 | 68.0 | 98.6 | 89.8 | 98.3 | 64.9 | 18.2 | 123.6 |
| 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 | 130.4 | 3.7 | 50.0 | 39.4 | 315.0 | 16.3 | 46.9 | 37.2 | 70.0 | 15.2 | 11.6 | 8.6 |
| Other Financing Cash Flow - Increase/(Decrease) | 0.8 | — | — | — | — | — | — | — | — | — | — | — |
| Net Cash Flow from Financing Activities | (159.1) | (112.0) | (140.3) | (63.4) | (367.8) | (125.1) | (249.2) | (119.8) | (142.1) | 27.6 | (27.2) | (229.0) |
| Net Change in Cash - Total | 72.6 | (92.9) | (174.2) | 130.3 | (33.7) | (126.0) | 95.4 | (170.4) | 360.9 | (202.6) | 116.1 | 377.5 |
| Net Cash from Continuing Operations | 72.6 | (92.9) | (174.2) | 130.3 | (33.7) | (126.0) | 95.4 | (170.4) | 360.9 | (202.6) | 116.1 | 377.5 |
| Net Cash - Beginning Balance | (2.9) | 90.0 | 264.2 | 133.9 | 167.6 | 293.6 | 198.3 | 368.6 | 7.7 | (0.1) | 337.3 | (40.2) |
| Net Cash - Ending Balance | 69.7 | (2.9) | 90.0 | 264.2 | 133.9 | 167.6 | 293.6 | 198.3 | 368.6 | (202.7) | 453.4 | 337.3 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 146.8 | 235.9 | 176.8 | 171.1 | 130.4 | 187.2 | 148.3 | 47.8 | 94.4 | 54.8 | 62.8 | 113.1 |
| Interest Paid - Cash Flow - Supplemental | 12.7 | 37.3 | 16.9 | 13.5 | 12.5 | 27.5 | 25.0 | 41.0 | 42.9 | 23.8 | 13.0 | 20.7 |
| Interest & Dividends - Received - Cash Flow - Supplemental | — | — | — | — | 4.8 | — | — | — | 17.3 | — | — | — |
| CF from Optg Activities before Change in WC & Int Payments | 508.2 | 348.8 | 374.2 | 283.2 | 704.2 | 556.2 | 320.6 | 480.9 | 346.9 | 263.5 | 206.0 | 164.9 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | (39.0) | 197.3 | (33.0) | (14.4) | 49.7 | (4.1) | (9.3) | (57.8) | 69.1 | 6.8 | 2.3 | 4.0 |
| Cash Dividends Paid & Common Stock Buyback - Net | — | — | — | — | 56.1 | 57.1 | — | — | 0.0 | 0.0 | 94.3 | 59.6 |
| Common Stock Buyback - Net | — | — | — | — | 0.0 | 0.0 | — | — | 0.0 | 0.0 | 0.0 | 59.5 |
| Depreciation, Depletion & Amortization - Cash Flow | 100.7 | 95.2 | 87.1 | 91.6 | 94.3 | 88.2 | 86.0 | 83.3 | 73.4 | 84.9 | 84.3 | 81.5 |
| Free Cash Flow to Equity | (5.3) | (269.6) | 203.6 | 285.9 | 530.0 | (68.9) | 265.9 | (190.4) | 77.8 | (142.6) | 210.4 | 437.0 |
| Free Cash Flow Net of Dividends | 75.6 | (347.5) | 190.0 | 347.0 | 754.8 | (77.3) | 195.3 | (90.3) | — | (173.5) | 33.2 | 601.4 |
| Free Cash Flow | 75.6 | (252.7) | 265.3 | 347.3 | 810.9 | (20.2) | 345.8 | (90.3) | — | (173.5) | 127.5 | 601.4 |
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.