Skip to content
Smart Money

Real Estate Investment Trust

TPLRF1 TPL REIT Fund I

Latest results: FY2025 · Jun 2025 Q3 FY2026 · Jan – Mar 2026

Last close · 16 Oct 2026

Rs 8.79 +0.34%

Quarterly · Q1 FY2023 – Q3 FY2026

TPL REIT Fund I (TPLRF1) quarterly cash flow statement

Operating activities generated -Rs 13.6 mn of cash in Q3 FY2026 (Jan – Mar 2026), down 109.0% on Q3 FY2025. Overall, cash decreased by Rs 13.6 mn.

TPLRF1 cash flow statement (quarterly) (Rs mn)
Rs mn TTM to Mar 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
Operating activities
Profit (cash-flow starting line, as reported) (369.7) (182.7) (166.8) (162.4) 142.2 (159.1) 740.1 (50.1) 429.7 20.5 (78.6) (53.5) 167.4 (42.7) 9,001.2 (30.2)
Depreciation & amortisation 8.4 1.6 1.6 1.6 3.8 — — — 0.0 0.0 0.0 — 0.0 0.0 0.0 0.0
Net cash from operating activities 303.0 (13.6) 266.1 17.2 33.4 151.0 (171.7) (62.7) (1,144.5) 171.1 (43.7) (443.0) (351.6) (7.9) (201.6) (244.9)
Investing activities
Capital expenditure — — — — (148.4) (411.4) (533.7) (674.8) (678.4) (773.8) (897.0) (146.1) — (304.3) (72.6) (130.2)
Net cash from investing activities 8.3 0.0 0.0 (0.7) 9.0 (258.6) (17.1) (447.6) 39.4 (989.8) (1,555.1) (148.1) 133.4 (543.4) (46.1) (323.9)
Financing activities
Borrowings raised / (repaid) (325.1) (0.0) (268.7) (33.0) (23.4) (31.4) 0.0 (258.3) 0.0 0.0 0.0 0.0 0.0 375.0 (1,077.2) —
Net cash from financing activities (325.1) (0.0) (268.7) (33.0) (23.4) (31.4) 0.0 (258.3) 0.0 0.0 2,775.0 0.0 0.0 375.0 772.8 —
Net change in cash (13.7) (13.6) (2.6) (16.4) 18.9 (139.0) (188.8) (768.6) (1,105.1) (818.7) 1,176.2 (591.2) (218.2) (176.3) 528.7 (568.8)
Key figures
Free cash flow (operating cash flow − capex) — — — — (115.0) (260.3) (705.4) (737.5) (1,822.9) (602.7) (940.7) (589.1) — (312.2) (274.2) (375.1)
TPLRF1 cash flow statement — year-on-year change (Rs mn)
Rs mn 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
Operating activities
Profit (cash-flow starting line, as reported) — -122.5% — -66.9% -877.4% — — +156.6% — -100.9% — — — — —
Depreciation & amortisation — — — — — — — -100.0% -100.0% -100.0% — — — — —
Net cash from operating activities -109.0% — — — -11.7% — — — — — — — — — —
Investing activities
Capital expenditure — — — -78.1% -46.8% -40.5% +361.9% — +154.3% +1,134.8% +12.2% — — — —
Net cash from investing activities — — — -77.2% — — — -70.5% — — — — — — —
Financing activities
Borrowings raised / (repaid) — — — — — — — — -100.0% — — — — — —
Net cash from financing activities — — — — — -100.0% — — -100.0% +259.1% — — — — —
Net change in cash — — — — — -116.1% — — — +122.5% — — — — —
Key figures
Free cash flow (operating cash flow − capex) — — — — — — — — — — — — — — —

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 53
TPLRF1 cash flow statement — all reported line items (Rs mn)
Rs mn 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
Profit/(Loss) - Starting Line - Cash Flow (182.7) (166.8) (162.4) 142.2 (159.1) 740.1 (50.1) 429.7 20.5 (78.6) (53.5) 167.4
Non-cash Items & Reconciliation Adjustments - Cash Flow 2.7 (2.8) 10.5 (331.8) 1.9 (1,001.9) (21.3) (517.0) (12.6) 1.9 (4.5) 1.8
Discontinued Operations - Gain/(Loss) - Net of Tax - Cash Flow - to Reconcile — — — 44.6 0.0 (44.6) — — — — — —
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile 1.3 (5.0) 7.5 (2.3) 1.3 1.3 1.3 1.3 1.3 1.3 1.3 5.2
Financial Income/(Expense) - Cash Flow - to Reconcile — — 0.0 (1.4) 0.0 (3.4) (16.7) (18.0) (14.9) (2.6) (2.4) 0.0
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile 1.6 1.6 1.6 3.8 — — — 0.0 0.0 0.0 — 0.0
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile 1.6 1.6 1.6 3.8 — — — — — — — —
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile — — — — — — — 0.0 0.0 0.0 — 0.0
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile — (1.5) 1.5 (388.8) 0.0 (942.3) (5.9) (499.5) 0.0 3.4 (3.4) (3.3)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile (0.2) 2.1 — 12.2 0.6 (12.8) — (0.9) 1.0 (0.1) — 0.0
Investment Securities - Gain/(Loss) - Cash Flow — (1.5) 1.5 (388.8) 0.0 (942.3) (5.9) (499.5) 0.0 3.4 (3.4) (3.3)
Interest & Dividends - Received - Total - Cash Flow — — — 1.4 0.0 3.4 16.7 18.0 14.9 2.6 2.4 0.0
Cash Flow from Operating Activities before Changes in Working Capital (180.0) (169.6) (151.9) (188.3) (157.2) (258.3) (54.7) (69.4) 22.8 (74.1) (55.6) 169.3
Working Capital - Increase/(Decrease) - Cash Flow 166.4 435.6 169.1 221.6 308.2 86.6 (8.0) (1,075.2) 148.3 30.4 (387.4) (520.9)
Accounts Receivables - Decrease/(Increase) - Cash Flow 0.0 24.6 (8.3) 48.4 — — — (392.9) — — — (66.2)
Prepaid Expenses - Decrease/(Increase) - Cash Flow 3.8 11.0 — 24.1 (15.4) 47.1 (55.7) 87.8 (63.3) 2.0 (26.5) 28.3
Accrued Expenses - Increase/(Decrease) - Cash Flow 297.5 989.1 66.4 67.5 35.3 (93.7) 114.9 107.6 230.8 135.9 18.0 38.6
Other Liabilities - Increase/(Decrease) -Total - Cash Flow (134.9) (588.9) 111.1 81.6 288.4 133.2 (67.1) (877.8) (19.2) (107.5) (378.9) (521.7)
Net Cash Flow from Operating Activities (13.6) 266.1 17.2 33.4 151.0 (171.7) (62.7) (1,144.5) 171.1 (43.7) (443.0) (351.6)
Capital Expenditures - Net - Cash Flow — — — 113.4 — — — — — — — —
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow — — — 113.4 — — — — — — — —
Property, Plant & Equipment - Purchased - Cash Flow — — — 113.4 — — — — — — — —
Capital Expenditures - Total — — — 148.4 411.4 533.7 674.8 678.4 773.8 897.0 146.1 —
Investments excluding Loans - Decrease/(Increase) - Cash Flow 0.0 0.0 (0.7) (35.7) (258.6) (17.1) (447.6) 39.4 (989.8) (1,555.1) (148.1) 133.4
Investment Property excluded from Capital Expenditures - Sold/(Purchased) - Net - Cash Flow — — — (35.0) (411.4) (533.7) (674.8) 175.3 (773.8) (897.0) (146.1) 80.4
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow 0.0 0.0 (0.7) (0.7) 152.8 516.6 227.2 (135.9) (216.0) (658.1) (2.1) 53.1
Investment Securities - Sold/Matured - Unclassified - Cash Flow 0.0 1.3 0.3 — 152.8 516.6 227.2 533.9 — — — 353.8
Investment Securities - Purchased - Unclassified - Cash Flow — 1.3 1.0 — — — — 669.8 216.0 658.1 2.1 300.7
Other Investing Cash Flow - Decrease/(Increase) — — — 158.0 — — — — — — — —
Net Cash Flow from Investing Activities 0.0 0.0 (0.7) 9.0 (258.6) (17.1) (447.6) 39.4 (989.8) (1,555.1) (148.1) 133.4
Stock - Total - Issuance/(Retirement) - Net - Cash Flow — — — 0.0 0.0 — — 0.0 0.0 2,775.0 — 0.0
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow — — — 0.0 0.0 — — 0.0 0.0 2,775.0 — 0.0
Stock - Common - Issuance/(Retirement) - Net - Cash Flow — — — 0.0 0.0 — — 0.0 0.0 2,775.0 — 0.0
Stock - Common - Issued/Sold - Cash Flow — — — 0.0 0.0 — — 0.0 0.0 2,775.0 — 0.0
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow (0.0) (268.7) (33.0) (23.4) (31.4) 0.0 (258.3) 0.0 0.0 0.0 0.0 0.0
Debt - Issued/Reduced - Long-Term - Cash Flow (0.0) (268.7) (33.0) (23.4) (31.4) 0.0 (258.3) 0.0 0.0 0.0 0.0 0.0
Debt - Issued - Long-Term - Cash Flow — — — 207.0 — — — — 0.0 — — 0.0
Debt - Reduced - Long-Term - Cash Flow 0.0 268.7 33.0 230.4 31.4 0.0 258.3 0.0 0.0 0.0 0.0 0.0
Net Cash Flow from Financing Activities (0.0) (268.7) (33.0) (23.4) (31.4) 0.0 (258.3) 0.0 0.0 2,775.0 0.0 0.0
Non-Classified Cash Flows — — — — — — — — — — — 0.0
Net Change in Cash - Total (13.6) (2.6) (16.4) 18.9 (139.0) (188.8) (768.6) (1,105.1) (818.7) 1,176.2 (591.2) (218.2)
Net Cash from Continuing Operations (13.6) (2.6) (16.4) 18.9 (139.0) (188.8) (768.6) (1,105.1) (818.7) 1,176.2 (591.2) (218.2)
Net Cash - Beginning Balance 14.8 17.4 33.9 15.5 154.5 343.3 1,111.9 2,217.0 3,035.7 1,859.5 2,450.7 2,668.9
Net Cash - Ending Balance 1.2 14.8 17.4 34.4 15.5 154.5 343.3 1,111.9 2,217.0 3,035.7 1,859.5 2,450.7
Interest & Dividends - Received - Cash Flow - Supplemental — — — 1.4 0.0 3.4 16.7 18.0 14.9 2.6 2.4 0.0
CF from Optg Activities before Change in WC & Int Payments (180.0) (169.6) (151.9) (188.3) (157.2) (258.3) (54.7) (69.4) 22.8 (74.1) (55.6) 169.3
Contract Assets - Decrease/(Increase) - Cash Flow 0.0 16.3 — (25.8) — — — — — — — —
Contract Liabilities - Increase/(Decrease) - Cash Flow 49.5 (388.0) 64.0 (47.5) 230.6 147.9 44.4 172.3 — — 0.0 0.0
Common Stock Buyback - Net — — — 0.0 0.0 — — 0.0 0.0 (2,775.0) — 0.0
Depreciation, Depletion & Amortization - Cash Flow 1.6 1.6 1.6 3.8 — — — 0.0 0.0 0.0 — 0.0
Free Cash Flow to Equity (13.6) (2.6) (15.8) (103.4) 119.6 (171.7) (321.0) (1,144.5) 171.1 (43.7) (443.0) (351.6)
Free Cash Flow Net of Dividends (13.6) 266.1 17.2 (115.0) (260.3) (705.4) (737.5) (1,822.9) (602.7) (940.7) (589.1) (351.6)
Free Cash Flow (13.6) 266.1 17.2 (115.0) (260.3) (705.4) (737.5) (1,822.9) (602.7) (940.7) (589.1) (351.6)

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.