Hinopak Motors Limited (HINO) cash flow statement

Operating activities generated -Rs 1.8 bn of cash in FY2026 (Apr 2025 – Mar 2026), down 205.3% on FY2025, -239% of the starting profit. Capital expenditure was Rs 95.2 mn, leaving free cash flow of -Rs 1.9 bn. Overall, cash decreased by Rs 1.1 bn.

HINO cash flow statement (annual) (Rs bn)
Rs bn	FY2026 Apr 2025 – Mar 2026	FY2025 Apr 2024 – Mar 2025	FY2024 Apr 2023 – Mar 2024	FY2023 * Apr 2022 – Mar 2023	FY2022 Apr 2021 – Mar 2022	FY2021 Apr 2020 – Mar 2021	FY2020 Apr 2019 – Mar 2020	FY2019 Apr 2018 – Mar 2019	FY2018 Apr 2017 – Mar 2018	FY2017 Apr 2016 – Mar 2017	FY2016 Apr 2015 – Mar 2016	FY2015 Apr 2014 – Mar 2015	FY2014 Apr 2013 – Mar 2014	FY2013 Apr 2012 – Mar 2013	FY2012 Apr 2011 – Mar 2012	FY2011 Apr 2010 – Mar 2011	FY2010 Apr 2009 – Mar 2010	FY2009 Apr 2008 – Mar 2009	FY2007 Jan – Dec 2007
Operating activities
Profit (cash-flow starting line, as reported)	0.7	0.3	(0.0)	0.3	0.6	(0.2)	(1.8)	(0.5)	1.7	1.7	1.7	1.6	0.9	0.0	0.2	0.0	(0.1)	0.1	0.9
Depreciation & amortisation	0.2	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Net cash from operating activities	(1.8)	1.7	(2.5)	(2.5)	2.8	1.6	3.2	(10.3)	2.9	0.6	2.1	1.9	2.0	0.7	(0.8)	0.3	0.9	(1.0)	0.5
Investing activities
Capital expenditure	(0.1)	(0.1)	(0.1)	(0.2)	(0.3)	(0.2)	(0.5)	(0.3)	(0.3)	(0.3)	(0.4)	(0.2)	(0.1)	(0.1)	(0.1)	(0.2)	(0.1)	(0.2)	(0.1)
Net cash from investing activities	(0.1)	(0.0)	0.0	(0.2)	(0.3)	(0.1)	(0.5)	(0.3)	(0.2)	(0.3)	(0.3)	(0.2)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.2)	(0.1)
Financing activities
Dividends paid	—	0.0	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(1.0)	(0.7)	(1.1)	(0.8)	(0.5)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.3)	(0.1)
Borrowings raised / (repaid)	0.8	—	0.0	(0.0)	(0.0)	(0.0)	—	—	—	—	—	—	—	—	—	—	0.0	(0.0)	(0.0)
Net cash from financing activities	0.8	0.0	(0.0)	(0.0)	(0.0)	2.9	(0.0)	(1.0)	(0.7)	(1.1)	(0.8)	(0.5)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.3)	(0.1)
Net change in cash	(1.1)	1.7	(2.4)	(2.6)	2.6	4.4	2.7	(11.6)	2.0	(0.8)	1.0	1.2	1.9	0.6	(0.9)	0.2	0.9	(1.4)	0.3
Key figures
Free cash flow (operating cash flow − capex)	(1.9)	1.6	(2.5)	(2.7)	2.6	1.5	2.7	(10.5)	2.6	0.3	1.8	1.7	1.9	0.6	(0.9)	0.2	0.9	(1.2)	0.4

HINO cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2026 Apr 2025 – Mar 2026	FY2025 Apr 2024 – Mar 2025	FY2024 Apr 2023 – Mar 2024	FY2023 * Apr 2022 – Mar 2023	FY2022 Apr 2021 – Mar 2022	FY2021 Apr 2020 – Mar 2021	FY2020 Apr 2019 – Mar 2020	FY2019 Apr 2018 – Mar 2019	FY2018 Apr 2017 – Mar 2018	FY2017 Apr 2016 – Mar 2017	FY2016 Apr 2015 – Mar 2016	FY2015 Apr 2014 – Mar 2015	FY2014 Apr 2013 – Mar 2014	FY2013 Apr 2012 – Mar 2013	FY2012 Apr 2011 – Mar 2012	FY2011 Apr 2010 – Mar 2011	FY2010 Apr 2009 – Mar 2010	FY2009 Apr 2008 – Mar 2009	FY2007 Jan – Dec 2007
Operating activities
Profit (cash-flow starting line, as reported)	+134.1%	—	-114.0%	-53.8%	—	—	—	-131.2%	-1.6%	-1.8%	+11.2%	+66.1%	+1,844.8%	-72.3%	+328.4%	—	-212.6%	-87.2%	—
Depreciation & amortisation	-8.4%	-2.9%	-0.5%	+0.5%	+1.9%	+14.8%	-2.8%	+7.2%	+19.2%	+22.2%	+14.3%	+11.4%	-3.6%	+9.3%	+14.4%	-1.0%	-19.6%	+49.8%	—
Net cash from operating activities	-205.3%	—	—	-187.2%	+73.3%	-49.1%	—	-457.8%	+388.5%	-72.6%	+14.3%	-5.8%	+179.8%	—	-353.6%	-67.2%	—	-275.4%	—
Investing activities
Capital expenditure	+16.5%	-1.5%	-55.2%	-37.8%	+56.4%	-64.1%	+92.4%	+8.5%	-18.7%	-15.7%	+80.6%	+105.7%	+38.7%	-38.4%	-22.6%	+106.8%	-64.9%	+77.3%	—
Net cash from investing activities	—	-446.9%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Financing activities
Dividends paid	—	-100.0%	-12.5%	-95.1%	+370.0%	-68.0%	-100.0%	+57.1%	-40.5%	+38.4%	+71.9%	+2,206.2%	+5.7%	+318,733.3%	-25.0%	-100.0%	-92.7%	+128.6%	—
Borrowings raised / (repaid)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net cash from financing activities	—	—	—	—	-100.2%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net change in cash	-162.1%	—	—	-202.6%	-41.1%	+59.6%	—	-687.5%	—	-179.4%	-19.9%	-34.1%	+195.1%	—	-544.8%	-76.8%	—	-580.5%	—
Key figures
Free cash flow (operating cash flow − capex)	-216.5%	—	—	-204.6%	+75.5%	-46.2%	—	-503.1%	+849.9%	-84.5%	+6.2%	-11.7%	+195.6%	—	-672.0%	-81.9%	—	-372.7%	—

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. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 58

HINO cash flow statement — all reported line items (Rs bn)
Rs bn	FY2026 Apr 2025 – Mar 2026	FY2025 Apr 2024 – Mar 2025	FY2024 Apr 2023 – Mar 2024	FY2023 Apr 2022 – Mar 2023	FY2022 Apr 2021 – Mar 2022	FY2021 Apr 2020 – Mar 2021	FY2020 Apr 2019 – Mar 2020	FY2019 Apr 2018 – Mar 2019	FY2018 Apr 2017 – Mar 2018	FY2017 Apr 2016 – Mar 2017
Profit/(Loss) - Starting Line - Cash Flow	0.7	0.3	(0.0)	0.3	0.6	(0.2)	(1.8)	(0.5)	1.7	1.7
Non-cash Items & Reconciliation Adjustments - Cash Flow	(0.2)	0.5	0.5	0.2	(0.0)	0.5	1.0	0.3	0.1	(0.0)
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(0.9)	0.0	0.0	0.0	(0.2)	0.0	(0.0)	(0.0)	(0.0)	(0.0)
Financial Income/(Expense) - Cash Flow - to Reconcile	0.2	0.2	0.2	(0.1)	(0.2)	0.2	0.8	0.1	(0.2)	(0.1)
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	0.5	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	0.2	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile	0.2	0.0	—	(0.0)	0.0	—	—	0.0	0.0	—
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Income Taxes - Paid/(Reimbursed) - Cash Flow	0.4	0.3	0.2	0.4	0.3	0.1	0.2	0.8	0.6	0.7
Interest Paid - Cash	0.1	0.4	0.1	0.0	0.0	0.4	0.8	0.1	0.0	0.0
Interest & Dividends - Received - Total - Cash Flow	0.0	0.0	0.0	0.1	0.2	0.0	0.0	0.1	0.2	0.2
Cash Flow from Operating Activities before Changes in Working Capital	0.1	0.2	0.1	0.2	0.4	(0.2)	(1.9)	(0.9)	1.3	1.2
Working Capital - Increase/(Decrease) - Cash Flow	(1.9)	1.5	(2.6)	(2.6)	2.4	1.8	5.1	(9.3)	1.6	(0.6)
Accounts Receivables - Decrease/(Increase) - Cash Flow	(0.0)	(0.3)	0.0	0.3	0.1	0.2	1.2	(1.1)	(0.4)	0.0
Inventories - Decrease/(Increase) - Cash Flow	(0.8)	(0.5)	(2.1)	(0.2)	0.3	1.8	4.2	(3.1)	(1.7)	(0.5)
Prepaid Expenses - Decrease/(Increase) - Cash Flow	(0.0)	0.1	1.2	(1.3)	0.0	0.0	0.1	0.0	(0.0)	0.0
Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow	(1.0)	2.1	(0.3)	(0.8)	2.1	(0.1)	(0.3)	(5.2)	3.7	(0.1)
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	(0.1)	0.1	(1.4)	(0.7)	—	—	—	0.0	0.0	—
Net Cash Flow from Operating Activities	(1.8)	1.7	(2.5)	(2.5)	2.8	1.6	3.2	(10.3)	2.9	0.6
Capital Expenditures - Net - Cash Flow	0.0	0.0	(0.0)	0.2	0.3	0.1	0.5	0.3	0.2	0.3
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	0.0	(0.0)	(0.0)	0.1	0.3	0.1	0.5	0.3	0.2	0.3
Property, Plant & Equipment - Purchased - Cash Flow	0.1	0.1	0.1	0.2	0.3	0.2	0.5	0.3	0.3	0.3
Property, Plant & Equipment Sold - Cash Flow	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Intangible Assets - Purchased/Acquired - Cash Flow	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Capital Expenditures - Total	0.1	0.1	0.1	0.2	0.3	0.2	0.5	0.3	0.3	0.3
Investments excluding Loans - Decrease/(Increase) - Cash Flow	(0.3)	—	—	—	—	—	—	—	—	—
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	(0.3)	—	—	—	—	—	—	—	—	—
Investment Securities - Purchased - Unclassified - Cash Flow	0.3	—	—	—	—	—	—	—	—	—
Other Investing Cash Flow - Decrease/(Increase)	0.2	—	—	—	—	—	—	—	—	—
Net Cash Flow from Investing Activities	(0.1)	(0.0)	0.0	(0.2)	(0.3)	(0.1)	(0.5)	(0.3)	(0.2)	(0.3)
Dividends Paid - Cash - Total - Cash Flow	—	0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.7	1.1
Dividends - Common - Cash Paid	—	0.0	0.0	0.0	0.0	0.0	0.0	1.0	0.7	1.1
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	0.0	2.9	—	—	—	—
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	—	—	—	—	0.0	2.9	—	—	—	—
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	—	—	—	—	0.0	2.9	—	—	—	—
Stock - Common - Issued/Sold - Cash Flow	—	—	—	—	0.0	2.9	—	—	—	—
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	0.8	—	0.0	(0.0)	(0.0)	(0.0)	—	—	—	—
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	0.8	—	—	—	—	—	—	—	—	—
Debt - Issued - Short-Term - Cash Flow	1.2	—	—	—	—	—	—	—	—	—
Debt - Reduced - Short-Term - Cash Flow	0.4	—	—	—	—	—	—	—	—	—
Debt - Issued/Reduced - Long-Term - Cash Flow	—	—	0.0	(0.0)	(0.0)	(0.0)	—	—	—	—
Lease liabilities - Issued/(Reduced) - Cash Flow	—	—	0.0	(0.0)	(0.0)	(0.0)	—	—	—	—
Net Cash Flow from Financing Activities	0.8	0.0	(0.0)	(0.0)	(0.0)	2.9	(0.0)	(1.0)	(0.7)	(1.1)
Net Change in Cash - Total	(1.1)	1.7	(2.4)	(2.6)	2.6	4.4	2.7	(11.6)	2.0	(0.8)
Net Cash from Continuing Operations	(1.1)	1.7	(2.4)	(2.6)	2.6	4.4	2.7	(11.6)	2.0	(0.8)
Net Cash - Beginning Balance	(0.4)	(2.1)	0.3	3.0	0.4	(4.0)	(6.7)	4.8	2.9	3.7
Net Cash - Ending Balance	(1.5)	(0.4)	(2.1)	0.3	3.0	0.4	(4.0)	(6.7)	4.8	2.9
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental	0.4	0.3	0.2	0.4	0.3	0.1	0.2	0.8	0.6	0.7
Interest Paid - Cash Flow - Supplemental	0.1	0.4	0.1	0.0	0.0	0.4	0.8	0.1	0.0	0.0
Interest & Dividends - Received - Cash Flow - Supplemental	0.0	0.0	0.0	0.1	0.2	0.0	0.0	0.1	0.2	0.2
CF from Optg Activities before Change in WC & Int Payments	0.2	0.6	0.2	0.2	0.4	0.2	(1.0)	(0.9)	1.3	1.2
Cash Dividends Paid & Common Stock Buyback - Net	—	—	—	—	0.0	(2.9)	—	—	—	—
Common Stock Buyback - Net	—	—	—	—	0.0	(2.9)	—	—	—	—
Depreciation, Depletion & Amortization - Cash Flow	0.2	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.2	0.2
Free Cash Flow to Equity	(1.0)	1.7	(2.4)	(2.6)	2.6	1.5	2.7	(10.5)	2.6	0.3
Free Cash Flow Net of Dividends	(1.9)	1.6	(2.5)	(2.7)	2.6	1.5	2.7	(11.6)	2.0	(0.8)
Free Cash Flow	(1.9)	1.6	(2.5)	(2.7)	2.6	1.5	2.7	(10.5)	2.6	0.3

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.