BAFS Baba Farid Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 430.21 0.00%
Quarterly · Q4 FY2021 – Q3 FY2026
Baba Farid Sugar Mills Limited (BAFS) quarterly cash flow statement
Operating activities generated Rs 1.9 bn of cash in Q3 FY2026 (Apr – Jun 2026), down 44.4% on Q3 FY2025. Capital expenditure was Rs 11.1 mn, leaving free cash flow of Rs 1.9 bn. Dividends paid to shareholders came to Rs 0. Overall, cash decreased by Rs 15.2 mn.
| Rs mn | TTM to Jun 2026 | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 | Q3 FY2023 Apr – Jun 2023 | Q2 FY2023 Jan – Mar 2023 | Q1 FY2023 Oct – Dec 2022 | Q4 FY2022 Jul – Sep 2022 | Q3 FY2022 Apr – Jun 2022 | Q2 FY2022 Jan – Mar 2022 | Q1 FY2022 Oct – Dec 2021 | Q4 FY2021 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | (1.1) | (214.9) | (78.4) | (90.2) | 382.4 | 492.2 | 78.5 | 29.5 | (149.4) | (231.9) | (342.9) | 173.9 | 127.4 | 14.5 | 27.4 | (76.6) | 21.6 | (115.9) | (48.9) | (24.4) | 16.1 |
| Depreciation & amortisation | 156.2 | 44.1 | 42.6 | 42.0 | 27.5 | 27.6 | 27.3 | 26.7 | 28.4 | 28.1 | 28.0 | 27.8 | 29.9 | 28.3 | 28.2 | 27.8 | 27.7 | 27.2 | 26.6 | 23.2 | 24.6 |
| Net cash from operating activities | (3,359.7) | 1,947.9 | (4,923.9) | (1,661.1) | 1,277.3 | 3,503.6 | (1,765.9) | (294.9) | 1,790.8 | 1,082.9 | (4,413.4) | (437.4) | 853.1 | 1,833.1 | (2,410.6) | (119.7) | 680.1 | 1,422.6 | (2,516.4) | (314.1) | 56.9 |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (92.9) | (11.1) | (27.5) | (37.0) | (17.3) | (13.0) | (6.0) | (26.7) | (18.3) | (5.1) | (8.1) | (17.3) | — | (106.2) | (11.3) | (18.7) | (19.6) | (257.3) | (56.7) | (123.2) | (110.9) |
| Net cash from investing activities | (92.9) | (11.1) | (12.4) | (52.1) | (17.3) | (13.0) | 446.0 | (478.1) | (18.4) | (4.3) | 591.6 | (617.3) | 78.2 | (105.6) | 3.7 | (15.3) | (19.7) | 8.6 | (56.7) | (23.4) | (204.7) |
| Financing activities | |||||||||||||||||||||
| Dividends paid | — | 0.0 | (18.6) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Borrowings raised / (repaid) | 3,526.7 | (1,922.0) | 5,477.0 | 1,500.0 | (1,528.3) | (3,361.5) | 1,770.4 | 895.2 | (1,838.0) | (1,118.7) | 3,684.9 | 1,294.2 | (1,038.3) | (1,606.6) | 1,999.5 | 386.5 | (753.6) | (1,434.2) | 2,205.7 | 999.7 | 19.1 |
| Net cash from financing activities | 3,448.1 | (1,952.0) | 5,458.4 | 1,470.0 | (1,528.3) | (3,391.5) | 1,770.4 | 865.2 | (1,838.0) | (1,148.7) | 3,684.9 | 1,294.2 | (1,038.3) | (1,606.6) | 2,032.8 | 386.5 | (753.6) | (1,434.2) | 2,205.7 | 999.7 | 19.1 |
| Net change in cash | (4.6) | (15.2) | 522.1 | (243.1) | (268.3) | 99.1 | 450.5 | 92.2 | (65.6) | (70.1) | (136.9) | 239.6 | (107.0) | 120.9 | (374.1) | 251.5 | (93.2) | (2.9) | (367.4) | 662.1 | (128.7) |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (3,452.6) | 1,936.8 | (4,951.4) | (1,698.1) | 1,260.0 | 3,490.6 | (1,771.9) | (321.6) | 1,772.5 | 1,077.8 | (4,421.5) | (454.6) | — | 1,726.9 | (2,421.9) | (138.4) | 660.5 | 1,165.3 | (2,573.0) | (437.3) | (54.0) |
| Rs mn | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 | Q3 FY2023 Apr – Jun 2023 | Q2 FY2023 Jan – Mar 2023 | Q1 FY2023 Oct – Dec 2022 | Q4 FY2022 Jul – Sep 2022 | Q3 FY2022 Apr – Jun 2022 | Q2 FY2022 Jan – Mar 2022 | Q1 FY2022 Oct – Dec 2021 | Q4 FY2021 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | -143.7% | -199.8% | -405.5% | — | — | — | -83.0% | -217.3% | -1,704.1% | -1,350.7% | — | +489.0% | — | — | — | +34.0% | -169.4% | — | -277.6% | — |
| Depreciation & amortisation | +59.4% | +56.5% | +56.9% | -3.3% | -1.5% | -2.5% | -3.7% | -4.9% | -0.7% | -0.7% | -0.0% | +8.0% | +3.7% | +5.7% | +19.9% | +12.6% | +16.5% | +16.7% | +2.9% | +3.4% |
| Net cash from operating activities | -44.4% | — | — | -28.7% | +223.6% | — | — | +109.9% | -40.9% | — | — | +25.4% | +28.9% | — | — | +1,094.8% | -19.1% | — | — | -95.9% |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | -14.7% | +361.4% | +38.9% | -5.7% | +157.6% | -26.5% | +54.5% | — | -95.2% | -28.2% | -7.7% | — | -58.7% | -80.1% | -84.8% | -82.4% | +2,087.0% | +36.3% | +268.9% | +73.8% |
| Net cash from investing activities | — | -102.8% | — | — | — | -24.6% | — | -123.5% | — | +15,854.0% | — | — | -1,325.6% | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Borrowings raised / (repaid) | — | +209.4% | +67.6% | — | — | -52.0% | -30.8% | — | — | +84.3% | +234.9% | — | — | -9.3% | -61.3% | -4,047.0% | — | +90.6% | +127.4% | — |
| Net cash from financing activities | — | +208.3% | +69.9% | — | — | -52.0% | -33.1% | — | — | +81.3% | +234.9% | — | — | -7.8% | -61.3% | -4,047.0% | — | +90.6% | +127.4% | — |
| Net change in cash | -115.3% | +15.9% | -363.7% | — | — | — | -61.5% | — | -158.0% | — | -4.7% | — | — | — | -62.0% | — | -108.8% | — | — | -139.5% |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -44.5% | — | — | -28.9% | +223.9% | — | — | — | -37.6% | — | — | — | +48.2% | — | — | — | -33.3% | — | — | -104.1% |
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 16 Oct 2026.
All reported line items 53
| Rs mn | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 | Q3 FY2024 Apr – Jun 2024 | Q2 FY2024 Jan – Mar 2024 | Q1 FY2024 Oct – Dec 2023 | Q4 FY2023 Jul – Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (214.9) | (78.4) | (90.2) | 382.4 | 492.2 | 78.5 | 29.5 | (149.4) | (231.9) | (342.9) | 173.9 | 127.4 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 285.7 | 135.2 | 60.5 | 84.9 | 154.1 | 185.3 | 147.6 | 195.3 | 314.8 | 280.7 | 83.3 | 83.6 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 54.1 | (48.0) | (0.8) | 25.8 | 2.2 | 4.6 | (0.3) | 5.7 | (6.0) | 5.0 | (0.3) | (10.2) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 187.6 | 140.5 | 19.4 | 31.6 | 124.2 | 153.5 | 121.2 | 162.2 | 290.5 | 250.4 | 54.5 | 63.9 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 44.1 | 42.6 | 42.0 | 27.5 | 27.6 | 27.3 | 26.7 | 28.4 | 28.1 | 28.0 | 27.8 | 29.9 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 44.1 | 42.6 | 42.0 | 27.5 | 27.6 | 27.3 | 26.7 | 28.4 | 28.1 | 28.0 | 27.8 | 29.9 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | — | — | 0.0 | 0.0 | — | — | 0.0 | (1.0) | 2.3 | (2.6) | 1.3 | 0.0 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 50.9 | 19.2 | 30.2 | 112.7 | 17.8 | 1.4 | 27.7 | 34.8 | 52.3 | 5.8 | 16.6 | 14.9 |
| Interest Paid - Cash | 90.4 | 10.5 | 21.7 | 87.1 | 185.7 | 115.9 | 178.6 | 312.0 | 241.7 | 32.1 | 60.8 | 155.3 |
| Cash Flow from Operating Activities before Changes in Working Capital | (70.4) | 27.0 | (81.6) | 267.5 | 442.8 | 146.5 | (29.2) | (300.9) | (211.1) | (100.1) | 179.8 | 40.8 |
| Working Capital - Increase/(Decrease) - Cash Flow | 2,018.4 | (4,950.9) | (1,579.5) | 1,009.8 | 3,060.9 | (1,912.5) | (265.7) | 2,091.7 | 1,293.9 | (4,313.2) | (617.2) | 812.3 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (241.1) | 282.8 | (99.6) | (96.5) | (124.1) | 257.8 | (9.6) | (178.2) | (24.5) | (35.3) | 107.6 | (13.8) |
| Inventories - Decrease/(Increase) - Cash Flow | 1,643.7 | (4,820.8) | (1,931.6) | 1,761.2 | 2,934.0 | (1,515.3) | (1,359.7) | 2,445.3 | 1,371.9 | (3,823.9) | (1,227.1) | 1,130.8 |
| Other Assets - Decrease/(Increase) - Cash Flow | 0.2 | (1.4) | 0.1 | (0.4) | 0.4 | 0.4 | (0.8) | 0.6 | 1.2 | 1.6 | (1.6) | 0.6 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (29.6) | (182.5) | 176.5 | (179.6) | 117.4 | (891.2) | 1,104.4 | (176.0) | (54.6) | (455.7) | 503.8 | (305.2) |
| Operating Lease Liabilities - Increase/(Decrease) - Cash Flow | — | — | — | (0.2) | — | — | — | — | — | — | — | — |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | 645.1 | (229.0) | 275.1 | (474.8) | 133.2 | 235.8 | — | — | — | — | — | — |
| Net Cash Flow from Operating Activities | 1,947.9 | (4,923.9) | (1,661.1) | 1,277.3 | 3,503.6 | (1,765.9) | (294.9) | 1,790.8 | 1,082.9 | (4,413.4) | (437.4) | 853.1 |
| Capital Expenditures - Net - Cash Flow | 11.1 | 27.5 | 37.0 | 17.3 | 13.0 | 6.0 | 26.7 | 18.3 | 4.2 | 8.1 | 17.3 | (78.1) |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 11.1 | 27.5 | 37.0 | 17.3 | 13.0 | 6.0 | 26.7 | 18.3 | 4.2 | 8.1 | 17.3 | (78.1) |
| Property, Plant & Equipment - Purchased - Cash Flow | 11.1 | 27.5 | 37.0 | 17.3 | 13.0 | 6.0 | 26.7 | 18.3 | 5.1 | 8.1 | 17.3 | — |
| Property, Plant & Equipment Sold - Cash Flow | — | — | — | 0.0 | — | — | — | — | 0.9 | — | — | 78.1 |
| Capital Expenditures - Total | 11.1 | 27.5 | 37.0 | 17.3 | 13.0 | 6.0 | 26.7 | 18.3 | 5.1 | 8.1 | 17.3 | — |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 0.0 | 15.0 | (15.0) | 0.0 | 0.0 | 451.7 | (451.4) | 0.0 | (0.0) | 599.7 | (600.0) | 0.0 |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 0.0 | 15.0 | (15.0) | 0.0 | 0.0 | 451.7 | (451.4) | 0.0 | (0.0) | 599.7 | (600.0) | 0.0 |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | — | — | — | — | — | — | — | — | — | 600.0 | — | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | — | — | — | — | — | — | — | 0.0 | 0.3 | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | (0.0) | 0.0 | (0.0) | 0.0 | 0.0 | 0.2 | — | (0.1) | (0.1) | 0.0 | 0.0 | 0.1 |
| Net Cash Flow from Investing Activities | (11.1) | (12.4) | (52.1) | (17.3) | (13.0) | 446.0 | (478.1) | (18.4) | (4.3) | 591.6 | (617.3) | 78.2 |
| Dividends Paid - Cash - Total - Cash Flow | 0.0 | 18.6 | — | — | — | — | — | — | — | — | — | — |
| Dividends - Common - Cash Paid | 0.0 | 18.6 | — | — | — | — | — | — | — | — | — | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (1,922.0) | 5,477.0 | 1,500.0 | (1,528.3) | (3,361.5) | 1,770.4 | 895.2 | (1,838.0) | (1,118.7) | 3,684.9 | 1,294.2 | (1,038.3) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (2,106.2) | 5,491.8 | 1,516.9 | (1,441.5) | (3,311.7) | 1,854.4 | 944.4 | (1,821.6) | (1,298.1) | 3,732.9 | 1,345.9 | (983.2) |
| Debt - Issued/Reduced - Long-Term - Cash Flow | 184.3 | (14.8) | (16.9) | (86.9) | (49.8) | (84.0) | (49.3) | (16.4) | 179.4 | (48.0) | (51.7) | (55.1) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (0.7) | 0.2 | (1.9) | (0.6) | (1.5) | (2.4) | (0.9) | 0.1 | (1.0) | (1.1) | (1.4) | (6.7) |
| Debt - Issued - Long-Term - Cash Flow | 185.0 | — | — | — | 130.0 | 0.0 | — | 0.1 | 185.0 | 1.5 | 0.0 | 0.0 |
| Lease liabilities - Issued - Cash flow | — | — | — | — | — | — | — | 0.1 | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 0.7 | — | 16.9 | 86.9 | 179.8 | 84.0 | 49.3 | 16.5 | 5.6 | 49.5 | 51.7 | 55.1 |
| 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 | 0.7 | — | 1.9 | 0.6 | 1.5 | 2.4 | 0.9 | — | 1.0 | 1.1 | 1.4 | 6.7 |
| Other Financing Cash Flow - Increase/(Decrease) | (30.0) | 0.0 | (30.0) | 0.0 | (30.0) | 0.0 | (30.0) | 0.0 | (30.0) | 0.0 | 0.0 | 0.0 |
| Net Cash Flow from Financing Activities | (1,952.0) | 5,458.4 | 1,470.0 | (1,528.3) | (3,391.5) | 1,770.4 | 865.2 | (1,838.0) | (1,148.7) | 3,684.9 | 1,294.2 | (1,038.3) |
| Net Change in Cash - Total | (15.2) | 522.1 | (243.1) | (268.3) | 99.1 | 450.5 | 92.2 | (65.6) | (70.1) | (136.9) | 239.6 | (107.0) |
| Net Cash from Continuing Operations | (15.2) | 522.1 | (243.1) | (268.3) | 99.1 | 450.5 | 92.2 | (65.6) | (70.1) | (136.9) | 239.6 | (107.0) |
| Net Cash - Beginning Balance | 736.2 | 214.1 | 457.3 | 725.6 | 626.4 | 176.0 | 83.8 | 149.4 | 219.5 | 356.4 | 116.8 | 223.8 |
| Net Cash - Ending Balance | 721.0 | 736.2 | 214.1 | 457.3 | 725.6 | 626.4 | 176.0 | 83.8 | 149.4 | 219.5 | 356.4 | 116.8 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 50.9 | 19.2 | 30.2 | 112.7 | 17.8 | 1.4 | 27.7 | 34.8 | 52.3 | 5.8 | 16.6 | 14.9 |
| Interest Paid - Cash Flow - Supplemental | 90.4 | 10.5 | 21.7 | 87.1 | 185.7 | 115.9 | 178.6 | 312.0 | 241.7 | 32.1 | 60.8 | 155.3 |
| CF from Optg Activities before Change in WC & Int Payments | 20.0 | 37.5 | (59.8) | 354.6 | 628.5 | 262.4 | 149.4 | 11.1 | 30.7 | (68.0) | 240.6 | 196.1 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | 645.1 | (229.0) | 275.1 | (474.8) | 133.2 | 235.8 | — | — | — | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 44.1 | 42.6 | 42.0 | 27.5 | 27.6 | 27.3 | 26.7 | 28.4 | 28.1 | 28.0 | 27.8 | 29.9 |
| Free Cash Flow to Equity | 14.8 | 525.6 | (198.1) | (268.3) | 129.1 | (1.5) | 573.6 | (65.5) | (40.0) | (736.6) | 839.6 | (107.1) |
| Free Cash Flow Net of Dividends | 1,936.8 | (4,970.0) | (1,698.1) | 1,260.0 | 3,490.6 | (1,771.9) | (321.6) | 1,772.5 | 1,077.8 | (4,421.5) | (454.6) | — |
| Free Cash Flow | 1,936.8 | (4,951.4) | (1,698.1) | 1,260.0 | 3,490.6 | (1,771.9) | (321.6) | 1,772.5 | 1,077.8 | (4,421.5) | (454.6) | — |
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.