Sunrays Textile Mills Limited (SUTM) cash flow statement

Operating activities generated -Rs 2.9 bn of cash in FY2025 (Jul 2024 – Jun 2025), -1,843% of the starting profit. Capital expenditure was Rs 330.2 mn, leaving free cash flow of -Rs 3.2 bn. Dividends paid to shareholders came to Rs 0. Overall, cash decreased by Rs 1.9 bn.

SUTM cash flow statement (annual) (Rs mn)
Rs mn	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
Operating activities
Profit (cash-flow starting line, as reported)	157.9	230.1	415.8	2,069.9	1,239.0	646.4	475.0	278.9	191.4	77.4	119.2	310.8	577.9	481.5	272.7
Depreciation & amortisation	693.4	636.1	271.9	159.9	168.6	173.2	148.6	129.6	111.7	116.9	101.7	106.7	85.7	83.6	80.6
Net cash from operating activities	(2,910.1)	(1,157.0)	(591.4)	2,266.8	580.4	2,033.7	729.8	(1,693.9)	(328.1)	388.7	75.2	428.5	717.0	234.7	(42.2)
Investing activities
Capital expenditure	(330.2)	(968.4)	(3,180.6)	(1,027.4)	(20.7)	(175.8)	(435.9)	(473.7)	(121.2)	(216.0)	(58.2)	(61.8)	(24.9)	(152.7)	(103.6)
Net cash from investing activities	(260.8)	(980.9)	(1,482.1)	(2,209.7)	(387.8)	(370.8)	(448.1)	412.0	(78.9)	(1,008.5)	745.5	(1,030.3)	(24.9)	(147.9)	(103.0)
Financing activities
Dividends paid	0.0	(1.7)	(40.0)	(102.9)	(136.6)	(370.7)	(60.8)	(31.0)	(67.4)	(0.3)	(138.8)	(112.0)	(189.3)	(20.1)	(20.0)
Borrowings raised / (repaid)	1,301.2	2,082.4	1,875.2	22.8	32.2	(1,333.1)	(208.6)	1,339.2	467.9	617.5	(710.1)	729.8	(462.4)	(79.5)	182.1
Net cash from financing activities	1,301.2	2,080.8	1,835.2	(80.2)	(104.4)	(1,703.8)	(269.4)	1,308.2	400.5	617.3	(848.9)	617.8	(651.7)	(99.6)	162.1
Net change in cash	(1,869.7)	(57.1)	(238.3)	(23.1)	88.1	(40.9)	12.3	26.3	(6.5)	(2.5)	(28.2)	16.1	40.3	(12.8)	16.9
Key figures
Free cash flow (operating cash flow − capex)	(3,240.3)	(2,125.4)	(3,772.0)	1,239.4	559.7	1,857.9	293.9	(2,167.6)	(449.3)	172.7	17.0	366.7	692.0	82.0	(145.8)

SUTM cash flow statement — year-on-year change (Rs mn)
Rs mn	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
Operating activities
Profit (cash-flow starting line, as reported)	-31.4%	-44.7%	-79.9%	+67.1%	+91.7%	+36.1%	+70.3%	+45.7%	+147.1%	-35.0%	-61.6%	-46.2%	+20.0%	+76.6%	—
Depreciation & amortisation	+9.0%	+134.0%	+70.0%	-5.1%	-2.7%	+16.6%	+14.6%	+16.1%	-4.5%	+14.9%	-4.6%	+24.5%	+2.5%	+3.7%	—
Net cash from operating activities	—	—	-126.1%	+290.6%	-71.5%	+178.7%	—	—	-184.4%	+417.1%	-82.5%	-40.2%	+205.5%	—	—
Investing activities
Capital expenditure	-65.9%	-69.6%	+209.6%	+4,862.2%	-88.2%	-59.7%	-8.0%	+291.0%	-43.9%	+271.0%	-5.9%	+148.0%	-83.7%	+47.3%	—
Net cash from investing activities	—	—	—	—	—	—	-208.8%	—	—	-235.3%	—	—	—	—	—
Financing activities
Dividends paid	-100.0%	-95.8%	-61.2%	-24.6%	-63.2%	+509.3%	+96.3%	-54.0%	+24,568.5%	-99.8%	+24.0%	-40.8%	+842.5%	+0.6%	—
Borrowings raised / (repaid)	-37.5%	+11.1%	+8,139.2%	-29.3%	—	—	-115.6%	+186.2%	-24.2%	—	-197.3%	—	—	-143.7%	—
Net cash from financing activities	-37.5%	+13.4%	—	—	—	—	-120.6%	+226.6%	-35.1%	—	-237.4%	—	—	-161.4%	—
Net change in cash	—	—	—	-126.2%	—	-433.1%	-53.3%	—	—	—	-275.6%	-60.1%	—	-175.4%	—
Key figures
Free cash flow (operating cash flow − capex)	—	—	-404.3%	+121.5%	-69.9%	+532.2%	—	—	-360.1%	+918.3%	-95.4%	-47.0%	+743.7%	—	—

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 51

SUTM cash flow statement — all reported line items (Rs mn)
Rs mn	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
Profit/(Loss) - Starting Line - Cash Flow	157.9	230.1	415.8	2,069.9	1,239.0	646.4	475.0	278.9	191.4	77.4	119.2	310.8	577.9	481.5	272.7
Non-cash Items & Reconciliation Adjustments - Cash Flow	1,525.3	1,711.1	261.6	240.8	174.4	189.5	420.3	276.8	132.2	128.0	100.0	129.1	142.2	161.9	236.5
Income Tax Expense - Cash Flow - to Reconcile	150.7	253.6	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	54.0	33.0	19.9	35.1	34.3	21.7	19.9	14.8	14.6	11.7	11.4	8.9	7.0	6.8	13.6
Financial Income/(Expense) - Cash Flow - to Reconcile	852.0	994.0	14.2	4.9	35.7	56.9	213.1	108.7	22.9	12.0	22.1	34.7	49.5	71.7	142.3
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	693.4	636.1	271.9	159.9	168.6	173.2	148.6	129.6	111.7	116.9	101.7	106.7	85.7	83.6	80.6
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	693.4	636.1	271.9	159.9	168.6	173.2	148.6	129.6	111.7	116.9	101.7	106.7	85.7	83.6	80.6
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(7.4)	(4.3)	(0.1)	14.3	(6.1)	(50.1)	(2.0)	(0.4)	(16.7)	(12.1)	(35.1)	(14.5)	0.0	(0.2)	(0.0)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile	(217.2)	(201.3)	(44.3)	26.6	(58.0)	(12.2)	40.9	24.2	(0.3)	(0.4)	(0.2)	(6.7)	0.0	—	—
Income Taxes - Paid/(Reimbursed) - Cash Flow	374.9	186.4	164.5	113.1	90.6	49.9	8.7	50.2	66.1	22.3	35.9	64.5	54.2	50.1	51.7
Interest Paid - Cash	1,017.0	980.9	205.6	67.9	73.5	76.4	214.4	97.1	17.9	12.1	25.1	35.9	50.4	84.3	142.1
Interest & Dividends - Received - Total - Cash Flow	208.8	29.1	130.2	61.0	28.4	11.9	6.8	4.3	—	—	—	—	—	—	—
Cash Flow from Operating Activities before Changes in Working Capital	500.1	802.9	437.6	2,190.8	1,277.8	721.5	679.0	412.7	239.6	171.1	158.2	339.5	615.5	509.0	315.4
Working Capital - Increase/(Decrease) - Cash Flow	(3,410.2)	(1,959.9)	(1,029.0)	76.1	(697.4)	1,312.2	50.8	(2,106.7)	(567.7)	217.6	(83.0)	89.1	101.4	(274.3)	(357.6)
Accounts Receivables - Decrease/(Increase) - Cash Flow	(1,728.3)	(2,049.9)	(958.2)	476.7	(853.7)	1,437.8	(501.4)	(1,118.5)	(168.7)	246.0	58.9	(107.9)	220.9	(90.8)	(156.2)
Inventories - Decrease/(Increase) - Cash Flow	(1,904.9)	(281.4)	(77.3)	(530.7)	166.7	(74.2)	513.4	(1,059.6)	(406.0)	14.0	(172.2)	185.5	(159.2)	(194.2)	(213.0)
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	238.4	377.1	84.5	182.8	0.9	(41.7)	49.8	81.7	15.6	(27.4)	36.6	17.3	47.1	16.0	16.5
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	(15.4)	(5.7)	(78.0)	(52.7)	(11.4)	(9.8)	(10.9)	(10.3)	(8.6)	(14.9)	(6.2)	(5.8)	(7.3)	(5.3)	(4.9)
Net Cash Flow from Operating Activities	(2,910.1)	(1,157.0)	(591.4)	2,266.8	580.4	2,033.7	729.8	(1,693.9)	(328.1)	388.7	75.2	428.5	717.0	234.7	(42.2)
Capital Expenditures - Net - Cash Flow	261.0	964.8	3,176.4	1,023.0	18.3	90.6	414.8	459.6	119.3	211.5	57.5	60.7	24.9	147.9	103.0
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	261.0	964.8	3,176.4	1,023.0	18.3	90.6	414.8	459.6	119.3	211.5	57.5	60.7	24.9	147.9	103.0
Property, Plant & Equipment - Purchased - Cash Flow	330.2	968.4	3,180.6	1,027.4	20.7	175.8	435.9	473.7	121.2	216.0	58.2	61.8	24.9	152.7	103.6
Property, Plant & Equipment Sold - Cash Flow	69.2	3.6	4.2	4.4	2.4	85.1	21.1	14.1	1.9	4.5	0.7	1.1	0.0	4.8	0.6
Capital Expenditures - Total	330.2	968.4	3,180.6	1,027.4	20.7	175.8	435.9	473.7	121.2	216.0	58.2	61.8	24.9	152.7	103.6
Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow	—	—	0.0	0.4	—	—	—	—	—	—	—	—	—	—	—
Investments excluding Loans - Decrease/(Increase) - Cash Flow	0.1	(16.0)	1,694.3	(1,187.1)	(369.6)	(280.1)	(33.3)	871.5	40.4	(797.0)	803.1	(969.5)	0.0	—	—
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	0.1	(16.0)	1,694.3	(1,187.1)	(369.6)	(280.1)	(33.3)	871.5	40.4	(797.0)	803.1	(969.5)	0.0	—	—
Investment Securities - Sold/Matured - Unclassified - Cash Flow	27.2	14.0	5,129.2	4,966.2	3,201.1	1,501.8	19.6	1,439.9	5,463.0	1,900.7	3,442.9	1,053.6	0.0	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	27.1	30.0	3,434.9	6,153.3	3,570.7	1,781.9	52.9	568.4	5,422.6	2,697.7	2,639.8	2,023.1	0.0	—	—
Other Investing Cash Flow - Decrease/(Increase)	0.0	—	—	(0.0)	—	—	—	—	—	—	—	—	—	—	—
Net Cash Flow from Investing Activities	(260.8)	(980.9)	(1,482.1)	(2,209.7)	(387.8)	(370.8)	(448.1)	412.0	(78.9)	(1,008.5)	745.5	(1,030.3)	(24.9)	(147.9)	(103.0)
Dividends Paid - Cash - Total - Cash Flow	0.0	1.7	40.0	102.9	136.6	370.7	60.8	31.0	67.4	0.3	138.8	112.0	189.3	20.1	20.0
Dividends - Common - Cash Paid	0.0	1.7	40.0	102.9	136.6	370.7	60.8	31.0	67.4	0.3	138.8	112.0	189.3	20.1	20.0
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	1,301.2	2,082.4	1,875.2	22.8	32.2	(1,333.1)	(208.6)	1,339.2	467.9	617.5	(710.1)	729.8	(462.4)	(79.5)	182.1
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	1,324.6	1,998.6	—	(29.5)	10.7	(1,459.8)	(549.2)	837.3	467.9	617.5	(653.0)	758.0	(443.7)	(117.2)	325.9
Debt - Issued/Reduced - Long-Term - Cash Flow	(23.3)	83.8	1,875.2	52.3	21.5	126.7	340.6	501.9	—	0.0	(57.1)	(28.2)	(18.7)	37.7	(143.8)
Debt - Issued - Long-Term - Cash Flow	256.4	244.6	2,051.2	189.1	70.2	126.7	340.6	501.9	—	—	—	—	—	85.7	—
Debt - Reduced - Long-Term - Cash Flow	279.7	160.8	176.1	136.8	48.7	—	—	—	—	0.0	57.1	28.2	18.7	48.0	143.8
Net Cash Flow from Financing Activities	1,301.2	2,080.8	1,835.2	(80.2)	(104.4)	(1,703.8)	(269.4)	1,308.2	400.5	617.3	(848.9)	617.8	(651.7)	(99.6)	162.1
Net Change in Cash - Total	(1,869.7)	(57.1)	(238.3)	(23.1)	88.1	(40.9)	12.3	26.3	(6.5)	(2.5)	(28.2)	16.1	40.3	(12.8)	16.9
Net Cash from Continuing Operations	(1,869.7)	(57.1)	(238.3)	(23.1)	88.1	(40.9)	12.3	26.3	(6.5)	(2.5)	(28.2)	16.1	40.3	(12.8)	16.9
Net Cash - Beginning Balance	(202.8)	(145.6)	97.7	120.8	32.6	73.5	61.2	35.0	41.5	44.1	72.3	56.2	15.9	28.7	11.7
Net Cash - Ending Balance	(2,072.4)	(202.8)	(140.6)	97.7	120.8	32.6	73.5	61.2	35.0	41.5	44.1	72.3	56.2	15.9	28.7
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	374.9	186.4	164.5	113.1	90.6	49.9	8.7	50.2	66.1	22.3	35.9	64.5	54.2	50.1	51.7
Interest Paid - Cash Flow - Supplemental	1,017.0	980.9	205.6	67.9	73.5	76.4	214.4	97.1	17.9	12.1	25.1	35.9	50.4	84.3	142.1
Interest & Dividends - Received - Cash Flow - Supplemental	208.8	29.1	130.2	61.0	28.4	11.9	6.8	4.3	—	—	—	—	—	—	—
CF from Optg Activities before Change in WC & Int Payments	1,517.1	1,783.8	643.2	2,258.6	1,351.3	797.9	893.4	509.9	257.5	183.2	183.3	375.4	665.9	593.3	457.5
Depreciation, Depletion & Amortization - Cash Flow	693.4	636.1	271.9	159.9	168.6	173.2	148.6	129.6	111.7	116.9	101.7	106.7	85.7	83.6	80.6
Free Cash Flow to Equity	(1,869.8)	(39.4)	(1,892.6)	1,266.6	594.3	609.9	106.4	(814.3)	20.5	794.8	(692.5)	1,097.6	229.6	7.3	36.9
Free Cash Flow Net of Dividends	(3,240.3)	(2,127.1)	(3,812.0)	1,136.5	423.1	1,487.2	233.1	(2,198.6)	(516.7)	172.5	(121.9)	254.7	502.7	61.9	(165.8)
Free Cash Flow	(3,240.3)	(2,125.4)	(3,772.0)	1,239.4	559.7	1,857.9	293.9	(2,167.6)	(449.3)	172.7	17.0	366.7	692.0	82.0	(145.8)

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