DWSM Dewan Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 8.07 -5.94%
Annual · FY2007 – FY2025
Dewan Sugar Mills Limited (DWSM) cash flow statement
Operating activities generated Rs 70.7 mn of cash in FY2025 (Oct 2024 – Sep 2025), down 31.5% on FY2024. Capital expenditure was Rs 670,661, leaving free cash flow of Rs 70.0 mn. Overall, cash decreased by Rs 12.6 mn.
| Rs mn | FY2025 Oct 2024 – Sep 2025 | FY2024 Oct 2023 – Sep 2024 | FY2023 Oct 2022 – Sep 2023 | FY2022 Oct 2021 – Sep 2022 | FY2021 Oct 2020 – Sep 2021 | FY2020 Oct 2019 – Sep 2020 | FY2019 Oct 2018 – Sep 2019 | FY2018 Oct 2017 – Sep 2018 | FY2017 Oct 2016 – Sep 2017 | FY2016 Oct 2015 – Sep 2016 | FY2015 Oct 2014 – Sep 2015 | FY2014 Oct 2013 – Sep 2014 | FY2013 Oct 2012 – Sep 2013 | FY2012 Oct 2011 – Sep 2012 | FY2011 Oct 2010 – Sep 2011 | FY2010 Oct 2009 – Sep 2010 | FY2009 Oct 2008 – Sep 2009 | FY2008 Oct 2007 – Sep 2008 | FY2007 Oct 2006 – Sep 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||
| Profit (cash-flow starting line, as reported) | (656.4) | (674.5) | (899.4) | (822.1) | (802.3) | (921.0) | (560.5) | (818.0) | (773.3) | (772.0) | (449.0) | (99.2) | 60.8 | (68.5) | (482.6) | 49.1 | (471.1) | (740.7) | (352.1) |
| Depreciation & amortisation | 414.1 | 361.8 | 463.4 | 577.6 | 359.0 | 355.6 | 427.7 | 421.8 | 273.4 | 274.6 | 253.1 | 275.2 | 258.0 | 238.5 | 285.5 | 210.4 | 280.0 | 308.2 | 329.4 |
| Net cash from operating activities | 70.7 | 103.2 | 56.3 | 36.8 | 48.4 | 14.2 | 43.0 | 64.7 | 47.0 | (142.3) | 225.7 | 143.1 | 304.7 | 76.9 | (23.5) | 316.6 | (1.7) | 479.5 | 501.3 |
| Investing activities | |||||||||||||||||||
| Capital expenditure | (0.7) | (21.2) | (173.3) | (13.6) | (18.5) | (20.4) | (80.6) | (6.0) | (14.9) | (12.1) | (185.3) | (115.5) | (250.3) | (96.0) | (0.1) | (100.4) | (1.5) | (374.9) | (170.4) |
| Net cash from investing activities | (0.7) | (21.2) | (173.3) | (13.6) | (18.5) | (20.4) | (80.6) | (6.0) | (14.9) | (12.1) | (185.3) | (115.5) | (250.3) | (96.0) | 499.9 | (95.5) | (1.1) | (339.4) | (171.0) |
| Financing activities | |||||||||||||||||||
| Borrowings raised / (repaid) | (82.6) | (87.8) | 67.6 | 0.0 | (3.0) | (8.8) | (4.6) | 0.3 | (13.0) | 127.7 | (90.0) | 15.7 | (31.0) | 4.1 | (452.4) | (218.5) | (21.9) | (120.1) | (343.8) |
| Net cash from financing activities | (82.6) | (87.8) | 67.6 | 0.0 | (3.0) | (8.8) | (4.6) | 0.3 | (13.0) | 127.7 | (90.0) | 15.7 | (31.0) | 4.1 | (452.4) | (218.5) | (21.9) | (120.1) | (343.8) |
| Net change in cash | (12.6) | (5.8) | (49.5) | 23.2 | 26.9 | (15.0) | (42.2) | 59.1 | 19.1 | (26.7) | (49.6) | 43.3 | 23.3 | (15.0) | 24.0 | 2.5 | (24.7) | 20.0 | (13.5) |
| Key figures | |||||||||||||||||||
| Free cash flow (operating cash flow − capex) | 70.0 | 82.0 | (117.0) | 23.2 | 29.9 | (6.2) | (37.6) | 58.8 | 32.1 | (154.4) | 40.4 | 27.6 | 54.4 | (19.1) | (23.6) | 216.2 | (3.2) | 104.6 | 330.9 |
| Rs mn | FY2025 Oct 2024 – Sep 2025 | FY2024 Oct 2023 – Sep 2024 | FY2023 Oct 2022 – Sep 2023 | FY2022 Oct 2021 – Sep 2022 | FY2021 Oct 2020 – Sep 2021 | FY2020 Oct 2019 – Sep 2020 | FY2019 Oct 2018 – Sep 2019 | FY2018 Oct 2017 – Sep 2018 | FY2017 Oct 2016 – Sep 2017 | FY2016 Oct 2015 – Sep 2016 | FY2015 Oct 2014 – Sep 2015 | FY2014 Oct 2013 – Sep 2014 | FY2013 Oct 2012 – Sep 2013 | FY2012 Oct 2011 – Sep 2012 | FY2011 Oct 2010 – Sep 2011 | FY2010 Oct 2009 – Sep 2010 | FY2009 Oct 2008 – Sep 2009 | FY2008 Oct 2007 – Sep 2008 | FY2007 Oct 2006 – Sep 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | — | — | — | — | — | — | — | — | — | — | -263.3% | — | — | -1,083.8% | — | — | — | — |
| Depreciation & amortisation | +14.4% | -21.9% | -19.8% | +60.9% | +1.0% | -16.9% | +1.4% | +54.3% | -0.4% | +8.5% | -8.0% | +6.7% | +8.2% | -16.4% | +35.7% | -24.8% | -9.2% | -6.4% | — |
| Net cash from operating activities | -31.5% | +83.4% | +52.8% | -24.0% | +241.9% | -67.0% | -33.6% | +37.8% | — | -163.1% | +57.7% | -53.0% | +296.3% | — | -107.4% | — | -100.4% | -4.4% | — |
| Investing activities | |||||||||||||||||||
| Capital expenditure | -96.8% | -87.8% | +1,169.7% | -26.2% | -9.2% | -74.7% | +1,252.2% | -59.9% | +22.7% | -93.5% | +60.5% | -53.9% | +160.9% | +81,244.5% | -99.9% | +6,557.3% | -99.6% | +120.0% | — |
| Net cash from investing activities | — | — | — | — | — | — | — | — | — | — | — | — | — | -119.2% | — | — | — | — | — |
| Financing activities | |||||||||||||||||||
| Borrowings raised / (repaid) | — | -230.0% | — | — | — | — | -1,728.7% | — | -110.2% | — | -672.7% | — | -859.0% | — | — | — | — | — | — |
| Net cash from financing activities | — | -230.0% | — | — | — | — | -1,728.7% | — | -110.2% | — | -672.7% | — | -859.0% | — | — | — | — | — | — |
| Net change in cash | — | — | -313.5% | -13.8% | — | — | -171.5% | +209.6% | — | — | -214.6% | +85.6% | — | -162.4% | +844.5% | — | -223.5% | — | — |
| Key figures | |||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -14.6% | — | -605.0% | -22.6% | — | — | -164.0% | +83.1% | — | -482.5% | +46.3% | -49.2% | — | — | -110.9% | — | -103.1% | -68.4% | — |
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 16 Oct 2026.
All reported line items 39
| Rs mn | FY2025 Oct 2024 – Sep 2025 | FY2024 Oct 2023 – Sep 2024 | FY2023 Oct 2022 – Sep 2023 | FY2022 Oct 2021 – Sep 2022 | FY2021 Oct 2020 – Sep 2021 | FY2020 Oct 2019 – Sep 2020 | FY2019 Oct 2018 – Sep 2019 | FY2018 Oct 2017 – Sep 2018 | FY2017 Oct 2016 – Sep 2017 | FY2016 Oct 2015 – Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (656.4) | (674.5) | (899.4) | (822.1) | (802.3) | (921.0) | (560.5) | (818.0) | (773.3) | (772.0) |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 479.3 | 454.1 | 515.6 | 621.6 | 407.7 | 421.8 | 482.0 | 655.5 | 349.5 | 277.2 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 14.3 | 10.7 | 5.0 | 1.3 | 9.9 | 29.8 | (0.1) | 148.1 | (2.6) | (68.8) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 50.9 | 66.8 | 47.2 | 42.7 | 38.8 | 36.4 | 54.4 | 85.6 | 78.7 | 71.4 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 414.1 | 376.6 | 463.4 | 577.6 | 359.0 | 355.6 | 427.7 | 421.8 | 273.4 | 274.6 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 414.1 | 361.8 | 463.4 | 577.6 | 359.0 | 355.6 | 427.7 | 421.8 | 273.4 | 274.6 |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | — | 14.8 | — | — | — | — | — | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 13.0 | 28.7 | 78.8 | 88.6 | 52.6 | 33.5 | 45.4 | 57.7 | 22.5 | 21.2 |
| Interest Paid - Cash | 0.4 | 0.2 | 0.2 | 0.4 | 0.2 | 1.7 | 14.1 | 14.1 | 13.7 | 14.8 |
| Cash Flow from Operating Activities before Changes in Working Capital | (190.5) | (249.2) | (462.8) | (289.4) | (447.5) | (534.4) | (138.0) | (234.3) | (459.9) | (530.8) |
| Working Capital - Increase/(Decrease) - Cash Flow | 261.2 | 352.5 | 519.0 | 326.3 | 495.9 | 548.6 | 181.0 | 299.1 | 506.9 | 388.5 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 297.7 | 170.3 | (26.0) | (443.9) | 431.9 | (259.4) | (62.7) | 267.1 | (5.5) | 368.1 |
| Inventories - Decrease/(Increase) - Cash Flow | 344.1 | 829.7 | (287.2) | 82.3 | (272.3) | (754.5) | 1,176.0 | 432.4 | (1,599.4) | (0.4) |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | — | 0.0 | (22.1) | (21.6) | 27.2 | 9.2 | (3.2) | (12.9) | 9.0 | (14.2) |
| Accounts Payable - Increase/(Decrease) - Cash Flow | (380.5) | (647.6) | 854.4 | 709.5 | 309.2 | 1,553.3 | (929.0) | (387.6) | 2,102.7 | 35.0 |
| Net Cash Flow from Operating Activities | 70.7 | 103.2 | 56.3 | 36.8 | 48.4 | 14.2 | 43.0 | 64.7 | 47.0 | (142.3) |
| Capital Expenditures - Net - Cash Flow | 0.7 | 21.2 | 173.3 | 13.6 | 18.5 | 20.4 | 80.6 | 6.0 | 14.9 | 12.1 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 0.7 | 21.2 | 173.3 | 13.6 | 18.5 | 20.4 | 80.6 | 6.0 | 14.9 | 12.1 |
| Property, Plant & Equipment - Purchased - Cash Flow | 0.7 | 21.2 | 173.3 | 13.6 | 18.5 | 20.4 | 80.6 | 6.0 | 14.9 | 12.1 |
| Capital Expenditures - Total | 0.7 | 21.2 | 173.3 | 13.6 | 18.5 | 20.4 | 80.6 | 6.0 | 14.9 | 12.1 |
| Net Cash Flow from Investing Activities | (0.7) | (21.2) | (173.3) | (13.6) | (18.5) | (20.4) | (80.6) | (6.0) | (14.9) | (12.1) |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (82.6) | (87.8) | 67.6 | 0.0 | (3.0) | (8.8) | (4.6) | 0.3 | (13.0) | 127.7 |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (82.6) | (87.8) | 67.6 | 0.0 | (3.0) | (8.8) | (4.6) | 0.3 | (13.0) | 127.7 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | — | — | — | 0.0 | (1.8) | (4.5) | (4.4) | (2.1) | (3.8) | (3.8) |
| Debt - Issued - Long-Term - Cash Flow | — | — | — | — | — | — | 5.8 | 6.8 | 69.7 | 157.6 |
| Debt - Reduced - Long-Term - Cash Flow | — | — | — | 0.0 | 3.0 | 8.8 | 10.5 | 6.5 | 82.7 | 29.9 |
| 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 | 1.8 | 4.5 | 4.4 | 2.1 | 3.8 | 3.8 |
| Net Cash Flow from Financing Activities | (82.6) | (87.8) | 67.6 | 0.0 | (3.0) | (8.8) | (4.6) | 0.3 | (13.0) | 127.7 |
| Net Change in Cash - Total | (12.6) | (5.8) | (49.5) | 23.2 | 26.9 | (15.0) | (42.2) | 59.1 | 19.1 | (26.7) |
| Net Cash from Continuing Operations | (12.6) | (5.8) | (49.5) | 23.2 | 26.9 | (15.0) | (42.2) | 59.1 | 19.1 | (26.7) |
| Net Cash - Beginning Balance | 28.1 | 33.9 | 83.4 | 60.2 | 33.3 | 48.3 | 90.6 | 31.5 | 12.5 | 39.2 |
| Net Cash - Ending Balance | 15.6 | 28.1 | 33.9 | 83.4 | 60.2 | 33.3 | 48.3 | 90.6 | 31.5 | 12.5 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 13.0 | 28.7 | 78.8 | 88.6 | 52.6 | 33.5 | 45.4 | 57.7 | 22.5 | 21.2 |
| Interest Paid - Cash Flow - Supplemental | 0.4 | 0.2 | 0.2 | 0.4 | 0.2 | 1.7 | 14.1 | 14.1 | 13.7 | 14.8 |
| CF from Optg Activities before Change in WC & Int Payments | (190.1) | (249.1) | (462.6) | (289.1) | (447.2) | (532.7) | (123.9) | (220.2) | (446.3) | (516.0) |
| Depreciation, Depletion & Amortization - Cash Flow | 414.1 | 361.8 | 463.4 | 577.6 | 359.0 | 355.6 | 427.7 | 421.8 | 273.4 | 274.6 |
| Free Cash Flow to Equity | (12.6) | (5.8) | (49.5) | 23.2 | 26.9 | (15.0) | (42.2) | 59.1 | 19.1 | (26.7) |
| Free Cash Flow Net of Dividends | 70.0 | 82.0 | (117.0) | 23.2 | 29.9 | (6.2) | (37.6) | 58.8 | 32.1 | (154.4) |
| Free Cash Flow | 70.0 | 82.0 | (117.0) | 23.2 | 29.9 | (6.2) | (37.6) | 58.8 | 32.1 | (154.4) |
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.