Last close · 16 Oct 2026
Rs 19.70 -1.99%
Quarterly · Q1 FY2022 – Q4 FY2026
Ghani Global Holdings Limited (GGL) quarterly cash flow statement
Operating activities generated Rs 41.0 mn of cash in Q4 FY2026 (Apr – Jun 2026), down 96.8% on Q4 FY2025, 5% of the starting profit. Capital expenditure was Rs 378.5 mn, leaving free cash flow of -Rs 337.5 mn. Dividends paid to shareholders came to Rs 0. Overall, cash increased by Rs 774.8 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) | 3,071.6 | 829.8 | 830.6 | 783.1 | 628.1 | 2,661.7 | 867.8 | 811.7 | 570.2 | 380.6 | — | — | 372.3 | 233.4 | 328.5 | 315.9 | 208.7 | 259.0 | 200.5 | 452.1 | 486.3 |
| Depreciation & amortisation | 633.5 | 185.5 | 174.2 | 140.7 | 133.2 | 94.8 | 91.5 | 106.3 | 107.4 | 103.5 | — | — | 91.0 | 90.7 | 82.4 | 92.2 | 92.4 | 51.7 | 60.0 | 57.2 | 63.6 |
| Net cash from operating activities | 620.4 | 41.0 | 39.6 | 596.4 | (56.6) | 1,295.2 | 98.7 | 169.9 | 109.4 | (39.1) | — | — | (92.9) | 155.3 | 1,058.4 | (589.2) | (668.8) | 596.4 | 392.5 | (138.7) | 47.1 |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (2,353.8) | (378.5) | (862.0) | (918.3) | (195.0) | (1,208.3) | (203.7) | (939.1) | (252.5) | (372.0) | — | — | (175.5) | (918.9) | (94.0) | (132.9) | (78.0) | (1,147.6) | (448.7) | (362.5) | (321.2) |
| Net cash from investing activities | (2,812.4) | (811.5) | (955.7) | (911.2) | (134.0) | (1,205.5) | (193.2) | (902.7) | (231.8) | (314.5) | — | — | (175.4) | (918.9) | (34.4) | 293.2 | 130.6 | (584.8) | (457.1) | (599.7) | (313.4) |
| Financing activities | |||||||||||||||||||||
| Dividends paid | (0.4) | 0.0 | 0.0 | 0.0 | (0.4) | (132.2) | (132.2) | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Borrowings raised / (repaid) | 2,726.0 | 1,591.5 | 537.7 | 812.4 | (215.7) | 285.3 | 37.7 | 874.4 | 123.5 | 584.5 | — | — | 152.0 | 268.6 | (792.3) | 322.2 | 533.6 | 0.4 | 227.8 | 542.0 | 283.3 |
| Net cash from financing activities | 2,685.7 | 1,545.3 | 538.5 | 816.3 | (214.4) | 288.0 | (93.2) | 874.2 | 131.4 | 429.8 | — | — | 97.6 | 214.4 | (845.7) | 490.2 | 481.3 | (53.3) | 164.5 | 887.1 | 230.4 |
| Net change in cash | 493.7 | 774.8 | (377.5) | 501.5 | (405.0) | 377.7 | (187.6) | 141.4 | 9.0 | 76.2 | — | — | (170.7) | (549.2) | 178.3 | 194.2 | (56.9) | (41.7) | 100.0 | 148.8 | (36.0) |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (1,733.5) | (337.5) | (822.4) | (322.0) | (251.6) | 86.9 | (105.0) | (769.2) | (143.1) | (411.2) | — | — | (268.3) | (763.6) | 964.4 | (722.1) | (746.8) | (551.2) | (56.2) | (501.1) | (274.0) |
| 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) | -68.8% | -4.3% | -3.5% | +10.2% | +599.3% | — | — | +53.2% | +63.1% | — | — | +78.3% | -9.9% | +63.8% | -30.1% | -57.1% | -36.9% | -25.7% | +77.2% | +199.6% |
| Depreciation & amortisation | +95.6% | +90.4% | +32.3% | +24.1% | -8.3% | — | — | +18.0% | +14.0% | — | — | -1.5% | +75.4% | +37.3% | +61.4% | +45.3% | -17.2% | +12.5% | +2.9% | +22.7% |
| Net cash from operating activities | -96.8% | -59.9% | +251.0% | -151.7% | — | — | — | — | -125.2% | — | — | — | -74.0% | +169.7% | — | -1,519.0% | +268.7% | — | -155.2% | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | -68.7% | +323.1% | -2.2% | -22.8% | +224.8% | — | — | +43.9% | -59.5% | — | — | +124.9% | -19.9% | -79.0% | -63.3% | -75.7% | +176.5% | +93.0% | +206.8% | +2,225.3% |
| Net cash from investing activities | — | — | — | — | — | — | — | — | — | — | — | -234.2% | — | — | — | — | -248.2% | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | -100.0% | -100.0% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Borrowings raised / (repaid) | +457.8% | +1,324.8% | -7.1% | -274.7% | -51.2% | — | — | -18.8% | +117.6% | — | — | -71.5% | +62,068.3% | -447.8% | -40.6% | +88.3% | — | — | — | +660.0% |
| Net cash from financing activities | +436.5% | — | -6.6% | -263.2% | -33.0% | — | — | +34.7% | +100.5% | — | — | -79.7% | — | -614.0% | -44.7% | +108.9% | — | -86.7% | +138.7% | +448.7% |
| Net change in cash | +105.1% | — | +254.6% | -4,609.6% | +395.6% | — | — | — | — | — | — | — | — | +78.4% | +30.6% | — | — | -48.6% | -71.0% | -527.9% |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -488.4% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -476.3% | — |
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 63
| 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 | 829.8 | 830.6 | 783.1 | 628.1 | 2,661.7 | 867.8 | 811.7 | 570.2 | 380.6 | — | — | 372.3 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 387.8 | 413.2 | 305.9 | 277.4 | (1,660.2) | 224.0 | 286.0 | 267.4 | 243.2 | — | — | 204.2 |
| Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile | (16.1) | 13.4 | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 18.6 | 17.9 | (5.5) | 0.0 | (1,917.2) | 0.6 | (8.8) | 5.0 | 8.7 | — | — | 2.1 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 203.7 | 208.5 | 180.5 | 175.8 | 160.9 | 135.7 | 141.5 | 161.4 | 141.9 | — | — | 143.0 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 185.5 | 174.2 | 140.7 | 133.2 | 94.8 | 91.5 | 106.3 | 107.4 | 103.5 | — | — | 91.0 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 185.5 | 174.2 | 140.7 | 133.2 | 94.8 | 91.5 | 106.3 | 107.4 | 103.5 | — | — | 91.0 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | — | — | — | — | — | — | — | — | 0.0 | — | — | 0.0 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (3.9) | (0.7) | (9.8) | (31.6) | 1.2 | (3.7) | 47.0 | (6.4) | (10.9) | — | — | (32.0) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 346.9 | 38.1 | 55.9 | 54.5 | 360.3 | 116.8 | 105.7 | 197.7 | 149.1 | — | — | (5.1) |
| Interest Paid - Cash | 189.2 | 177.7 | 199.3 | 173.3 | 215.0 | 142.5 | 271.1 | 130.6 | 451.9 | — | — | 88.2 |
| Cash Flow from Operating Activities before Changes in Working Capital | 681.4 | 1,028.1 | 833.8 | 677.7 | 426.1 | 832.5 | 720.9 | 509.3 | 22.8 | — | — | 493.4 |
| Working Capital - Increase/(Decrease) - Cash Flow | (640.4) | (988.5) | (237.4) | (734.3) | 869.1 | (733.8) | (551.0) | (399.9) | (61.9) | — | — | (586.2) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (105.3) | (1,021.7) | 234.2 | (1,249.7) | 320.7 | (441.6) | (470.2) | 89.3 | (452.1) | — | — | (521.4) |
| Inventories - Decrease/(Increase) - Cash Flow | (247.2) | (293.5) | (714.5) | 377.2 | 599.2 | (680.0) | (60.7) | (91.3) | 331.3 | — | — | (283.3) |
| Prepaid Expenses - Decrease/(Increase) - Cash Flow | 184.6 | (19.7) | 111.7 | (76.6) | 102.7 | 167.0 | 12.4 | (232.6) | (105.8) | — | — | (39.3) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (445.2) | 360.8 | 157.2 | 238.4 | (567.6) | 208.6 | 111.2 | 142.3 | 470.1 | — | — | 138.2 |
| Taxes Payable - Increase/(Decrease) - Cash Flow | (15.5) | (34.5) | (31.0) | (10.4) | 44.6 | (53.1) | (14.5) | (1.4) | 38.5 | — | — | 3.0 |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | (11.8) | 20.0 | 4.9 | (13.2) | 369.5 | 65.3 | (129.2) | (306.1) | (343.9) | — | — | 116.6 |
| Net Cash Flow from Operating Activities | 41.0 | 39.6 | 596.4 | (56.6) | 1,295.2 | 98.7 | 169.9 | 109.4 | (39.1) | — | — | (92.9) |
| Capital Expenditures - Net - Cash Flow | 371.1 | 857.7 | 911.3 | 133.9 | 1,205.5 | 193.2 | 881.4 | 231.6 | 313.5 | — | — | 175.4 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 371.1 | 857.7 | 911.3 | 133.9 | 1,205.5 | 193.2 | 881.4 | 231.6 | 313.5 | — | — | 175.4 |
| Property, Plant & Equipment - Purchased - Cash Flow | 378.5 | 862.0 | 918.3 | 195.0 | 1,208.3 | 203.7 | 939.1 | 252.5 | 372.0 | — | — | 175.5 |
| Property, Plant & Equipment Sold - Cash Flow | 7.4 | 4.4 | 7.0 | 61.1 | 2.8 | 10.5 | 57.7 | 20.9 | 58.5 | — | — | 0.1 |
| Capital Expenditures - Total | 378.5 | 862.0 | 918.3 | 195.0 | 1,208.3 | 203.7 | 939.1 | 252.5 | 372.0 | — | — | 175.5 |
| Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow | 0.9 | — | — | — | — | — | — | — | — | — | — | — |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | (441.4) | (98.0) | — | — | — | — | — | — | — | — | — | 0.0 |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | (441.4) | (98.0) | — | — | — | — | — | — | — | — | — | 0.0 |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | 48.6 | — | — | — | — | — | — | — | — | — | — | 0.0 |
| Investment Securities - Purchased - Unclassified - Cash Flow | 490.0 | — | — | — | — | — | — | — | — | — | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | — | — | 0.1 | (0.1) | 0.0 | 0.0 | (21.2) | (0.2) | (0.9) | — | — | — |
| Net Cash Flow from Investing Activities | (811.5) | (955.7) | (911.2) | (134.0) | (1,205.5) | (193.2) | (902.7) | (231.8) | (314.5) | — | — | (175.4) |
| Dividends Paid - Cash - Total - Cash Flow | 0.0 | 0.0 | 0.0 | 0.4 | 132.2 | 132.2 | — | — | — | — | — | — |
| Dividends - Common - Cash Paid | 0.0 | 0.0 | 0.0 | 0.4 | 132.2 | 132.2 | — | — | — | — | — | — |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | (48.0) | 0.0 | 0.0 | (2.0) | — | — | 0.0 | 0.0 | (162.5) | — | — | (54.2) |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | (48.0) | 0.0 | 0.0 | (2.0) | — | — | 0.0 | 0.0 | (162.5) | — | — | (54.2) |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | (48.0) | 0.0 | 0.0 | (2.0) | — | — | 0.0 | 0.0 | (162.5) | — | — | (54.2) |
| Stock - Common - Repurchased/Retired - Cash Flow | 48.0 | 0.0 | 0.0 | 2.0 | — | — | 0.0 | 0.0 | 162.5 | — | — | 54.2 |
| Stock - Common - Issued/Sold - Cash Flow | — | — | — | — | — | — | — | — | 0.0 | — | — | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 1,591.5 | 537.7 | 812.4 | (215.7) | 285.3 | 37.7 | 874.4 | 123.5 | 584.5 | — | — | 152.0 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 1,375.1 | 453.0 | 372.1 | (96.5) | 293.3 | 119.2 | 775.2 | 169.4 | 506.3 | — | — | 78.1 |
| Debt - Issued/Reduced - Long-Term - Cash Flow | 216.5 | 84.7 | 440.3 | (119.1) | (8.0) | (81.4) | 99.2 | (46.0) | 78.3 | — | — | 73.9 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (0.3) | 0.0 | 0.3 | (0.5) | (0.3) | 0.0 | (0.3) | 0.0 | 0.4 | — | — | (0.5) |
| Debt - Issued - Long-Term - Cash Flow | 439.0 | 84.7 | 440.3 | — | 38.0 | 0.0 | 99.5 | — | 800.4 | — | — | 74.4 |
| Lease liabilities - Issued - Cash flow | — | 0.0 | 0.3 | — | — | 0.0 | — | — | 0.4 | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 222.5 | — | — | 119.1 | 46.1 | 81.4 | 0.3 | 46.0 | 722.2 | — | — | 0.5 |
| 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 | 0.3 | — | — | 0.5 | 0.3 | — | 0.3 | 0.0 | — | — | — | 0.5 |
| Other Financing Cash Flow - Increase/(Decrease) | 1.7 | 0.8 | 3.9 | 3.7 | 134.9 | 1.3 | (0.2) | 7.9 | 7.8 | — | — | (0.3) |
| Net Cash Flow from Financing Activities | 1,545.3 | 538.5 | 816.3 | (214.4) | 288.0 | (93.2) | 874.2 | 131.4 | 429.8 | — | — | 97.6 |
| Net Change in Cash - Total | 774.8 | (377.5) | 501.5 | (405.0) | 377.7 | (187.6) | 141.4 | 9.0 | 76.2 | — | — | (170.7) |
| Net Cash from Continuing Operations | 774.8 | (377.5) | 501.5 | (405.0) | 377.7 | (187.6) | 141.4 | 9.0 | 76.2 | — | — | (170.7) |
| Net Cash - Beginning Balance | 656.4 | 1,038.1 | 536.6 | 941.6 | 563.9 | 751.5 | 610.1 | 601.1 | 524.9 | — | — | 675.1 |
| Net Cash - Ending Balance | 1,431.2 | 660.6 | 1,038.1 | 536.6 | 941.6 | 563.9 | 751.5 | 610.1 | 601.1 | — | — | 504.5 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 346.9 | 38.1 | 55.9 | 54.5 | 360.3 | 116.8 | 105.7 | 197.7 | 149.1 | — | — | (5.1) |
| Interest Paid - Cash Flow - Supplemental | 189.2 | 177.7 | 199.3 | 173.3 | 215.0 | 142.5 | 271.1 | 130.6 | 451.9 | — | — | 88.2 |
| CF from Optg Activities before Change in WC & Int Payments | 870.7 | 1,205.8 | 1,033.1 | 851.0 | 641.1 | 975.0 | 992.0 | 639.9 | 474.7 | — | — | 581.5 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | (11.8) | 20.0 | 4.9 | (13.2) | 370.0 | 65.3 | (129.2) | (306.1) | (352.1) | — | — | 116.1 |
| Cash Dividends Paid & Common Stock Buyback - Net | 48.0 | 0.0 | 0.0 | 2.4 | — | — | — | — | — | — | — | — |
| Common Stock Buyback - Net | 48.0 | 0.0 | 0.0 | 2.0 | — | — | 0.0 | 0.0 | 162.5 | — | — | 54.2 |
| Depreciation, Depletion & Amortization - Cash Flow | 185.5 | 174.2 | 140.7 | 133.2 | 94.8 | 91.5 | 106.3 | 107.4 | 103.5 | — | — | 91.0 |
| Free Cash Flow to Equity | 1,261.5 | (280.3) | 497.5 | (406.2) | 375.0 | (56.7) | 162.9 | 1.3 | 231.9 | — | — | (116.2) |
| Free Cash Flow Net of Dividends | (337.5) | (822.4) | (322.0) | (252.0) | (45.3) | (237.2) | (769.2) | (143.1) | (411.2) | — | — | (268.3) |
| Free Cash Flow | (337.5) | (822.4) | (322.0) | (251.6) | 86.9 | (105.0) | (769.2) | (143.1) | (411.2) | — | — | (268.3) |
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.