HWQS Haseeb Waqas Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 18.61 +3.27%
Quarterly · Q4 FY2021 – Q3 FY2026
Haseeb Waqas Sugar Mills Limited (HWQS) quarterly balance sheet
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||
| Cash & short-term investments | — | 2.8 | 0.3 | 2.7 | 11.3 | 0.0 | 2.4 | 8.6 | 6.3 | 1.4 | 1.3 | 2.0 | 0.4 | 3.3 | 0.3 | 2.4 | 1.9 | 1.9 | 1.9 | 1.7 |
| Inventories | — | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 62.9 | 62.9 | 62.8 | 61.3 | 78.1 | 55.9 | 55.9 | 55.9 | 55.9 | 55.9 | 55.9 | 55.9 |
| Other current assets | — | — | — | — | — | (0.0) | — | — | (0.0) | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | 158.0 | 102.7 | 162.5 | 127.7 | 115.9 | 104.4 | 110.4 | 136.7 | 138.1 | 115.1 | 107.4 | 146.8 | 94.7 | 105.8 | 101.9 | 119.9 | 123.2 | 115.5 | 106.8 |
| Property, plant & equipment | — | 5,462.0 | 5,526.0 | 5,590.4 | 5,660.4 | 5,728.2 | 5,795.6 | 5,863.6 | 5,937.7 | 6,009.1 | 6,080.3 | 6,152.1 | 2,724.4 | 2,758.8 | 2,792.4 | 2,827.5 | 2,867.2 | 2,903.6 | 2,939.3 | 2,976.6 |
| Other non-current assets | — | 98.5 | 98.5 | 98.5 | 112.5 | 112.5 | 112.5 | 112.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Total non-current assets | — | 5,560.5 | 5,624.5 | 5,688.9 | 5,772.9 | 5,840.6 | 5,908.1 | 5,976.1 | 5,938.1 | 6,009.6 | 6,080.8 | 6,152.6 | 2,724.9 | 2,759.3 | 2,792.9 | 2,828.0 | 2,867.6 | 2,904.1 | 2,939.8 | 2,977.1 |
| Total assets | — | 5,718.5 | 5,727.2 | 5,851.3 | 5,900.6 | 5,956.5 | 6,012.5 | 6,086.5 | 6,074.8 | 6,147.8 | 6,195.9 | 6,260.0 | 2,871.7 | 2,854.0 | 2,898.7 | 2,929.9 | 2,987.5 | 3,027.4 | 3,055.3 | 3,083.9 |
| Liabilities | ||||||||||||||||||||
| Trade payables | — | 828.5 | 769.7 | 829.0 | 807.9 | 809.5 | 764.7 | 796.3 | 792.7 | 826.5 | 824.1 | 841.5 | 812.5 | 806.5 | 777.8 | 800.9 | 784.8 | 791.3 | 772.7 | 791.5 |
| Short-term borrowings & current portion of debt | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.0 | 2,119.1 | 2,041.9 | 2,040.4 | 2,031.2 | 2,024.5 | 2,023.6 | 2,023.6 | 2,023.6 | 2,023.6 | 1,812.6 | 2,308.7 |
| Total current liabilities | — | 4,134.0 | 4,105.7 | 4,133.7 | 4,112.3 | 4,113.9 | 4,099.7 | 4,100.7 | 4,127.4 | 4,130.7 | 4,081.7 | 4,067.0 | 4,059.4 | 4,016.1 | 3,953.4 | 3,884.7 | 3,840.4 | 3,772.2 | 3,670.6 | 4,112.9 |
| Long-term debt | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 496.1 | 0.0 |
| Other non-current liabilities | — | 170.7 | 17.7 | 170.7 | 147.7 | 147.8 | 17.7 | 147.7 | 17.8 | 17.7 | 17.7 | 17.7 | 17.8 | 17.7 | 17.8 | 17.7 | 17.8 | 40.8 | 17.8 | 17.8 |
| Total non-current liabilities | — | 1,409.0 | 1,251.7 | 1,435.6 | 1,411.3 | 1,448.3 | 1,382.3 | 1,483.2 | 1,361.8 | 1,467.4 | 1,408.5 | 1,426.8 | 513.6 | 527.2 | 517.7 | 534.7 | 528.9 | 558.5 | 1,053.3 | 564.5 |
| Total liabilities | — | 5,543.0 | 5,357.5 | 5,569.3 | 5,523.6 | 5,562.2 | 5,482.0 | 5,583.9 | 5,489.1 | 5,598.1 | 5,490.2 | 5,493.8 | 4,573.0 | 4,543.3 | 4,471.1 | 4,419.4 | 4,369.2 | 4,330.7 | 4,723.9 | 4,677.4 |
| Equity | ||||||||||||||||||||
| Share capital | — | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 |
| Reserves & retained earnings | — | (148.5) | 45.7 | (41.9) | 53.0 | 70.3 | 206.4 | 178.6 | 261.7 | 225.7 | 381.7 | 442.2 | (2,025.3) | (2,013.3) | (1,896.4) | (1,813.5) | (1,705.7) | (1,627.4) | (1,992.6) | (1,917.5) |
| Equity attributable to shareholders | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 | (1,701.3) | (1,689.3) | (1,572.4) | (1,489.5) | (1,381.7) | (1,303.4) | (1,668.6) | (1,593.5) |
| Non-controlling interest | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total equity | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 | (1,701.3) | (1,689.3) | (1,572.4) | (1,489.5) | (1,381.7) | (1,303.4) | (1,668.6) | (1,593.5) |
| Total liabilities & equity | — | 5,718.5 | 5,727.2 | 5,851.3 | 5,900.6 | 5,956.5 | 6,012.5 | 6,086.5 | 6,074.8 | 6,147.8 | 6,195.9 | 6,260.0 | 2,871.7 | 2,854.0 | 2,898.7 | 2,929.9 | 2,987.5 | 3,027.4 | 3,055.3 | 3,083.9 |
| Key figures | ||||||||||||||||||||
| Total debt | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.0 | 2,119.1 | 2,041.9 | 2,040.4 | 2,031.2 | 2,024.5 | 2,023.6 | 2,023.6 | 2,023.6 | 2,023.6 | 2,308.7 | 2,308.7 |
| Net debt / (net cash) | — | 2,117.5 | 2,120.1 | 2,116.9 | 2,107.9 | 2,119.2 | 2,116.9 | 2,110.6 | 2,112.7 | 2,117.7 | 2,040.6 | 2,038.5 | 2,030.8 | 2,021.2 | 2,023.3 | 2,021.2 | 2,021.7 | 2,021.7 | 2,306.8 | 2,306.9 |
| Shares outstanding mn | — | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 |
| Common equity | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 | (1,701.3) | (1,689.3) | (1,572.4) | (1,489.5) | (1,381.7) | (1,303.4) | (1,668.6) | (1,593.5) |
| Book value per share (Rs) Rs | — | 5.42 | 11.41 | 8.71 | 11.64 | 12.17 | 16.37 | 15.51 | 18.08 | 16.97 | 21.78 | 23.65 | (52.51) | (52.14) | (48.53) | (45.97) | (42.65) | (40.23) | (51.50) | (49.18) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||
| Cash & short-term investments | — | +6,578.7% | -89.3% | -69.2% | +80.3% | -96.9% | +80.6% | +337.8% | +1,616.6% | -57.9% | +413.6% | -19.0% | -80.6% | +70.4% | -86.4% | +40.8% | +6.2% | -1.2% | -31.1% | +2.1% |
| Inventories | — | -0.0% | 0.0% | 0.0% | -10.3% | -10.3% | -10.2% | -8.0% | -19.5% | +12.5% | +12.4% | +9.7% | +39.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -0.0% | 0.0% |
| Other current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | +36.3% | -1.6% | +47.1% | -6.6% | -16.1% | -9.3% | +2.8% | -6.9% | +45.8% | +8.8% | +5.5% | +22.4% | -23.1% | -8.4% | -4.7% | -12.1% | +3.3% | -12.4% | -20.8% |
| Property, plant & equipment | — | -4.6% | -4.7% | -4.7% | -4.7% | -4.7% | -4.7% | -4.7% | +117.9% | +117.8% | +117.7% | +117.6% | -5.0% | -5.0% | -5.0% | -5.0% | -5.0% | -5.0% | -5.0% | -5.1% |
| Other non-current assets | — | -12.4% | -12.4% | -12.4% | +23,829.8% | +22,853.1% | +22,853.1% | +22,853.1% | -4.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +0.0% | 0.0% |
| Total non-current assets | — | -4.8% | -4.8% | -4.8% | -2.8% | -2.8% | -2.8% | -2.9% | +117.9% | +117.8% | +117.7% | +117.6% | -5.0% | -5.0% | -5.0% | -5.0% | -5.0% | -5.0% | -5.0% | -5.1% |
| Total assets | — | -4.0% | -4.7% | -3.9% | -2.9% | -3.1% | -3.0% | -2.8% | +111.5% | +115.4% | +113.7% | +113.7% | -3.9% | -5.7% | -5.1% | -5.0% | -5.3% | -4.7% | -5.3% | -5.7% |
| Liabilities | ||||||||||||||||||||
| Trade payables | — | +2.4% | +0.6% | +4.1% | +1.9% | -2.1% | -7.2% | -5.4% | -2.4% | +2.5% | +6.0% | +5.1% | +3.5% | +1.9% | +0.6% | +1.2% | -0.2% | -0.7% | -0.3% | -1.9% |
| Short-term borrowings & current portion of debt | — | +0.1% | +0.1% | +0.0% | +0.0% | +0.0% | +3.8% | +3.9% | +4.3% | +4.7% | +0.9% | +0.8% | +0.4% | +0.0% | +11.6% | -12.3% | -12.4% | -12.3% | +0.0% | 0.0% |
| Total current liabilities | — | +0.5% | +0.1% | +0.8% | -0.4% | -0.4% | +0.4% | +0.8% | +1.7% | +2.9% | +3.2% | +4.7% | +5.7% | +6.5% | +7.7% | -5.5% | -6.3% | -6.5% | +4.6% | +3.9% |
| Long-term debt | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -100.0% | — | — | — | 0.0% | — |
| Other non-current liabilities | — | +15.5% | +0.0% | +15.6% | +729.7% | +733.7% | 0.0% | +733.3% | +0.0% | +0.0% | -0.3% | 0.0% | -0.0% | -56.5% | 0.0% | -0.3% | 0.0% | +129.1% | -0.1% | -0.1% |
| Total non-current liabilities | — | -2.7% | -9.4% | -3.2% | +3.6% | -1.3% | -1.9% | +4.0% | +165.2% | +178.3% | +172.1% | +166.9% | -2.9% | -5.6% | -50.8% | -5.3% | -4.4% | -3.8% | -2.8% | -7.6% |
| Total liabilities | — | -0.3% | -2.3% | -0.3% | +0.6% | -0.6% | -0.1% | +1.6% | +20.0% | +23.2% | +22.8% | +24.3% | +4.7% | +4.9% | -5.4% | -5.5% | -6.1% | -6.2% | +2.8% | +2.3% |
| Equity | ||||||||||||||||||||
| Share capital | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Reserves & retained earnings | — | -311.2% | -77.8% | -123.5% | -79.7% | -68.8% | -45.9% | -59.6% | — | — | — | — | — | — | — | — | — | — | — | — |
| Equity attributable to shareholders | — | -55.5% | -30.3% | -43.9% | -35.6% | -28.3% | -24.8% | -34.4% | — | — | — | — | — | — | — | — | — | — | — | — |
| Non-controlling interest | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total equity | — | -55.5% | -30.3% | -43.9% | -35.6% | -28.3% | -24.8% | -34.4% | — | — | — | — | — | — | — | — | — | — | — | — |
| Total liabilities & equity | — | -4.0% | -4.7% | -3.9% | -2.9% | -3.1% | -3.0% | -2.8% | +111.5% | +115.4% | +113.7% | +113.7% | -3.9% | -5.7% | -5.1% | -5.0% | -5.3% | -4.7% | -5.3% | -5.7% |
| Key figures | ||||||||||||||||||||
| Total debt | — | +0.1% | +0.1% | +0.0% | +0.0% | +0.0% | +3.8% | +3.9% | +4.3% | +4.7% | +0.9% | +0.8% | +0.4% | +0.0% | -12.3% | -12.3% | -12.4% | -12.3% | +0.0% | 0.0% |
| Net debt / (net cash) | — | -0.1% | +0.2% | +0.3% | -0.2% | +0.1% | +3.7% | +3.5% | +4.0% | +4.8% | +0.9% | +0.9% | +0.5% | -0.0% | -12.3% | -12.4% | -12.4% | -12.4% | +0.0% | -0.0% |
| Shares outstanding | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Common equity | — | -55.5% | -30.3% | -43.9% | -35.6% | -28.3% | -24.8% | -34.4% | — | — | — | — | — | — | — | — | — | — | — | — |
| Book value per share (Rs) | — | -55.5% | -30.3% | -43.9% | -35.6% | -28.3% | -24.8% | -34.4% | — | — | — | — | — | — | — | — | — | — | — | — |
Change against the same quarter a year earlier; shown when the earlier figure is positive.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||
| Cash & short-term investments | — | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Inventories | — | 1.0% | 1.0% | 1.0% | 1.0% | 0.9% | 0.9% | 0.9% | 1.0% | 1.0% | 1.0% | 1.0% | 2.7% | 2.0% | 1.9% | 1.9% | 1.9% | 1.8% | 1.8% | 1.8% |
| Other current assets | — | — | — | — | — | (0.0%) | — | — | (0.0%) | — | — | — | — | — | — | — | — | — | — | — |
| Total current assets | — | 2.8% | 1.8% | 2.8% | 2.2% | 1.9% | 1.7% | 1.8% | 2.2% | 2.2% | 1.9% | 1.7% | 5.1% | 3.3% | 3.6% | 3.5% | 4.0% | 4.1% | 3.8% | 3.5% |
| Property, plant & equipment | — | 95.5% | 96.5% | 95.5% | 95.9% | 96.2% | 96.4% | 96.3% | 97.7% | 97.7% | 98.1% | 98.3% | 94.9% | 96.7% | 96.3% | 96.5% | 96.0% | 95.9% | 96.2% | 96.5% |
| Other non-current assets | — | 1.7% | 1.7% | 1.7% | 1.9% | 1.9% | 1.9% | 1.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total non-current assets | — | 97.2% | 98.2% | 97.2% | 97.8% | 98.1% | 98.3% | 98.2% | 97.8% | 97.8% | 98.1% | 98.3% | 94.9% | 96.7% | 96.4% | 96.5% | 96.0% | 95.9% | 96.2% | 96.5% |
| Total assets | — | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Liabilities | ||||||||||||||||||||
| Trade payables | — | 14.5% | 13.4% | 14.2% | 13.7% | 13.6% | 12.7% | 13.1% | 13.0% | 13.4% | 13.3% | 13.4% | 28.3% | 28.3% | 26.8% | 27.3% | 26.3% | 26.1% | 25.3% | 25.7% |
| Short-term borrowings & current portion of debt | — | 37.1% | 37.0% | 36.2% | 35.9% | 35.6% | 35.2% | 34.8% | 34.9% | 34.5% | 33.0% | 32.6% | 70.7% | 70.9% | 69.8% | 69.1% | 67.7% | 66.8% | 59.3% | 74.9% |
| Total current liabilities | — | 72.3% | 71.7% | 70.6% | 69.7% | 69.1% | 68.2% | 67.4% | 67.9% | 67.2% | 65.9% | 65.0% | 141.4% | 140.7% | 136.4% | 132.6% | 128.5% | 124.6% | 120.1% | 133.4% |
| Long-term debt | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 16.2% | 0.0% |
| Other non-current liabilities | — | 3.0% | 0.3% | 2.9% | 2.5% | 2.5% | 0.3% | 2.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.6% | 0.6% | 0.6% | 0.6% | 0.6% | 1.3% | 0.6% | 0.6% |
| Total non-current liabilities | — | 24.6% | 21.9% | 24.5% | 23.9% | 24.3% | 23.0% | 24.4% | 22.4% | 23.9% | 22.7% | 22.8% | 17.9% | 18.5% | 17.9% | 18.2% | 17.7% | 18.4% | 34.5% | 18.3% |
| Total liabilities | — | 96.9% | 93.5% | 95.2% | 93.6% | 93.4% | 91.2% | 91.7% | 90.4% | 91.1% | 88.6% | 87.8% | 159.2% | 159.2% | 154.2% | 150.8% | 146.2% | 143.1% | 154.6% | 151.7% |
| Equity | ||||||||||||||||||||
| Share capital | — | 5.7% | 5.7% | 5.5% | 5.5% | 5.4% | 5.4% | 5.3% | 5.3% | 5.3% | 5.2% | 5.2% | 11.3% | 11.4% | 11.2% | 11.1% | 10.8% | 10.7% | 10.6% | 10.5% |
| Reserves & retained earnings | — | (2.6%) | 0.8% | (0.7%) | 0.9% | 1.2% | 3.4% | 2.9% | 4.3% | 3.7% | 6.2% | 7.1% | (70.5%) | (70.5%) | (65.4%) | (61.9%) | (57.1%) | (53.8%) | (65.2%) | (62.2%) |
| Equity attributable to shareholders | — | 3.1% | 6.5% | 4.8% | 6.4% | 6.6% | 8.8% | 8.3% | 9.6% | 8.9% | 11.4% | 12.2% | (59.2%) | (59.2%) | (54.2%) | (50.8%) | (46.2%) | (43.1%) | (54.6%) | (51.7%) |
| Non-controlling interest | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total equity | — | 3.1% | 6.5% | 4.8% | 6.4% | 6.6% | 8.8% | 8.3% | 9.6% | 8.9% | 11.4% | 12.2% | (59.2%) | (59.2%) | (54.2%) | (50.8%) | (46.2%) | (43.1%) | (54.6%) | (51.7%) |
| Total liabilities & equity | — | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Key figures | ||||||||||||||||||||
| Total debt | — | 37.1% | 37.0% | 36.2% | 35.9% | 35.6% | 35.2% | 34.8% | 34.9% | 34.5% | 33.0% | 32.6% | 70.7% | 70.9% | 69.8% | 69.1% | 67.7% | 66.8% | 75.6% | 74.9% |
| Net debt / (net cash) | — | 37.0% | 37.0% | 36.2% | 35.7% | 35.6% | 35.2% | 34.7% | 34.8% | 34.4% | 32.9% | 32.6% | 70.7% | 70.8% | 69.8% | 69.0% | 67.7% | 66.8% | 75.5% | 74.8% |
| Common equity | — | 3.1% | 6.5% | 4.8% | 6.4% | 6.6% | 8.8% | 8.3% | 9.6% | 8.9% | 11.4% | 12.2% | (59.2%) | (59.2%) | (54.2%) | (50.8%) | (46.2%) | (43.1%) | (54.6%) | (51.7%) |
Each line as a percentage of total assets.
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 96
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | — | 2.8 | 0.3 | 2.7 | 11.3 | 0.0 | 2.4 | 8.6 | 6.3 | 1.4 | 1.3 | 2.0 |
| Cash & Short Term Investments | — | 2.8 | 0.3 | 2.7 | 11.3 | 0.0 | 2.4 | 8.6 | 6.3 | 1.4 | 1.3 | 2.0 |
| Inventories - Total | — | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 62.9 | 62.9 | 62.8 | 61.3 |
| Inventories - Raw Materials | — | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 56.4 | 62.9 | 62.9 | 62.8 | 61.3 |
| Inventories - Other - Total | — | 0.0 | — | 0.0 | 0.0 | 0.0 | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Prepaid Expenses - Short-Term | — | 98.7 | 46.1 | 103.4 | 59.9 | 59.4 | 45.6 | 45.4 | 67.5 | 73.9 | 51.0 | 44.1 |
| Other Current Assets - Total | — | — | — | — | — | (0.0) | — | — | (0.0) | — | — | — |
| Property, Plant & Equipment - Net - Total | — | 5,462.0 | 5,526.0 | 5,590.4 | 5,660.4 | 5,728.2 | 5,795.6 | 5,863.6 | 5,937.7 | 6,009.1 | 6,080.3 | 6,152.1 |
| Other Assets - Total | — | 98.5 | 98.5 | 98.5 | 112.5 | 112.5 | 112.5 | 112.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Total Current Assets | — | 158.0 | 102.7 | 162.5 | 127.7 | 115.9 | 104.4 | 110.4 | 136.7 | 138.1 | 115.1 | 107.4 |
| Total Assets | — | 5,718.5 | 5,727.2 | 5,851.3 | 5,900.6 | 5,956.5 | 6,012.5 | 6,086.5 | 6,074.8 | 6,147.8 | 6,195.9 | 6,260.0 |
| Debt - Total | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.0 | 2,119.1 | 2,041.9 | 2,040.4 |
| Short-Term Debt & Current Portion of Long-Term Debt | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.0 | 2,119.1 | 2,041.9 | 2,040.4 |
| Current Portion of Long-Term Debt including Capitalized Leases | — | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 |
| Capitalized Leases - Current Portion | — | 27.2 | — | 27.2 | — | — | — | 27.2 | — | — | — | 27.2 |
| Short-Term Debt & Notes Payable | — | 753.1 | 753.2 | 752.4 | 752.1 | 752.1 | 752.1 | 752.1 | 751.8 | 751.9 | 674.7 | 673.2 |
| Debt - Long-Term - Total | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Current Portion of Long-Term Debt excluding Capitalized Leases | — | 1,340.0 | — | 1,340.0 | — | — | — | 1,340.0 | — | — | — | 1,340.0 |
| Capitalized Lease Obligations - Long-Term | — | — | 0.0 | — | — | — | 0.0 | — | — | — | 0.0 | — |
| Long-Term Debt excluding Capitalized Leases | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets - Total | — | 98.5 | 98.5 | 98.5 | 112.5 | 112.5 | 112.5 | 112.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Debt - Non-Convertible - Long-Term | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Dividends Payable | — | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 |
| Deferred Tax & Investment Tax Credits - Long-Term | — | 1,238.3 | 1,234.0 | 1,264.9 | 1,263.6 | 1,300.5 | 1,364.6 | 1,335.5 | 1,344.0 | 1,449.7 | 1,390.8 | 1,409.1 |
| Deferred Charges - Long-Term | — | 98.0 | 98.0 | 98.0 | — | 112.0 | 112.0 | 112.0 | — | — | — | — |
| Deferred Tax - Liability - Long-Term | — | 1,238.3 | 1,234.0 | 1,264.9 | 1,263.6 | 1,300.5 | 1,364.6 | 1,335.5 | 1,344.0 | 1,449.7 | 1,390.8 | 1,409.1 |
| Payables & Accrued Expenses | — | 828.5 | 769.7 | 829.0 | 807.9 | 809.5 | 764.7 | 796.3 | 792.7 | 826.5 | 824.1 | 841.5 |
| Trade Account Payables - Total | — | 828.5 | 769.7 | 829.0 | 807.9 | 809.5 | 764.7 | 796.3 | 792.7 | 826.5 | 824.1 | 841.5 |
| Other Non-Current Assets | — | 0.5 | 0.5 | 0.5 | 112.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Total Liabilities | — | 5,543.0 | 5,357.5 | 5,569.3 | 5,523.6 | 5,562.2 | 5,482.0 | 5,583.9 | 5,489.1 | 5,598.1 | 5,490.2 | 5,493.8 |
| Shareholders' Equity - Attributable to Parent Shareholders - Total | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 |
| Total Non-Current Assets | — | 5,560.5 | 5,624.5 | 5,688.9 | 5,772.9 | 5,840.6 | 5,908.1 | 5,976.1 | 5,938.1 | 6,009.6 | 6,080.8 | 6,152.6 |
| Common Equity Attributable to Parent Shareholders | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 |
| Common Equity - Contributed | — | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 |
| Common Stock - Issued & Paid | — | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 | 324.0 |
| Equity - Non-Contributed - Reserves & Retained Earnings | — | (148.5) | 45.7 | (41.9) | 53.0 | 70.3 | 206.4 | 178.6 | 261.7 | 225.7 | 381.7 | 442.2 |
| Retained Earnings - Total | — | (5,734.5) | (5,591.3) | (5,719.7) | (5,663.5) | (5,663.4) | (5,565.2) | (5,629.7) | (5,664.5) | (5,636.9) | (5,522.4) | (5,496.4) |
| Trade Accounts Payable & Accruals - Short-Term | — | 828.5 | 769.7 | 829.0 | 807.9 | 809.5 | 764.7 | 796.3 | 792.7 | 826.5 | 824.1 | 841.5 |
| Comprehensive Income - Accumulated - Total | — | 4,295.9 | 4,357.9 | 4,394.7 | 4,433.5 | 4,470.7 | 4,511.1 | 4,549.9 | 4,680.0 | 4,630.1 | 4,671.8 | 4,713.4 |
| Trade Accounts & Trade Notes Payable - Short-Term | — | 828.5 | 769.7 | 829.0 | 807.9 | 809.5 | 764.7 | 796.3 | 792.7 | 826.5 | 824.1 | 841.5 |
| Other Reserves/Equity - Total | — | 1,290.1 | 1,279.2 | 1,283.0 | 1,283.0 | 1,263.1 | 1,260.5 | 1,258.4 | 1,246.1 | 1,232.4 | 1,232.3 | 1,225.2 |
| Dividends/Distributions Payable | — | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 |
| Other Current Liabilities - Total | — | 1,183.7 | 1,214.3 | 1,183.7 | 1,183.7 | 1,183.7 | 1,214.3 | 1,183.7 | 1,214.3 | 1,183.7 | 1,214.3 | 1,183.7 |
| Common Equity - Total | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 |
| Total Shareholders' Equity - including Minority Interest & Hybrid Debt | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 |
| Total Liabilities & Equity | — | 5,718.5 | 5,727.2 | 5,851.3 | 5,900.6 | 5,956.5 | 6,012.5 | 6,086.5 | 6,074.8 | 6,147.8 | 6,195.9 | 6,260.0 |
| Other Current Liabilities | — | 1,183.7 | 1,214.3 | 1,183.7 | 1,183.7 | 1,183.7 | 1,214.3 | 1,183.7 | 1,214.3 | 1,183.7 | 1,214.3 | 1,183.7 |
| Revaluation Reserves | — | 4,295.9 | 4,357.9 | 4,394.7 | 4,433.5 | 4,470.7 | 4,511.1 | 4,549.9 | 4,680.0 | 4,630.1 | 4,671.8 | 4,713.4 |
| Total Current Liabilities | — | 4,134.0 | 4,105.7 | 4,133.7 | 4,112.3 | 4,113.9 | 4,099.7 | 4,100.7 | 4,127.4 | 4,130.7 | 4,081.7 | 4,067.0 |
| Other Non-Current Liabilities - Total | — | 170.7 | 17.7 | 170.7 | 147.7 | 147.8 | 17.7 | 147.7 | 17.8 | 17.7 | 17.7 | 17.7 |
| Provisions - Long-Term | — | 170.7 | 17.7 | 170.7 | 147.7 | 147.8 | 17.7 | 147.7 | 17.8 | 17.7 | 17.7 | 17.7 |
| Post Employment Benefits - Pension & Other - Long-Term | — | 170.7 | 17.7 | 170.7 | 147.7 | 147.8 | 17.7 | 147.7 | 17.8 | 17.7 | 17.7 | 17.7 |
| Other Non-Current Liabilities | — | — | 0.0 | — | — | — | (0.0) | — | 0.0 | — | (0.0) | — |
| Total Non-Current Liabilities | — | 1,409.0 | 1,251.7 | 1,435.6 | 1,411.3 | 1,448.3 | 1,382.3 | 1,483.2 | 1,361.8 | 1,467.4 | 1,408.5 | 1,426.8 |
| Common Shares - Issued - Total mn | — | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 |
| Common Shares - Outstanding - Total mn | — | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 |
| Common Shares - Treasury - Total mn | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Common Shares - Authorized - Issue Specific mn | — | 35.0 | 35.0 | 35.0 | 35.0 | 35.0 | 35.0 | 35.0 | 35.0 | 35.0 | 35.0 | 35.0 |
| Common Shares - Issued - Issue Specific mn | — | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 |
| Common Shares - Outstanding - Issue Specific mn | — | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 | 32.4 |
| Common Shares - Treasury - Issue Specific mn | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Asset Allocation Factor - Issue Specific | — | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Finance and Operating Lease Liabilities - Total - Supplemental | — | 27.2 | 0.0 | 27.2 | — | — | 0.0 | 27.2 | — | — | 0.0 | 27.2 |
| Debt including Finance and Operating Lease Liabilities - Supplemental | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.0 | 2,119.1 | 2,041.9 | 2,040.4 |
| Net Debt | — | 2,117.5 | 2,120.1 | 2,116.9 | 2,107.9 | 2,119.2 | 2,116.9 | 2,110.6 | 2,112.7 | 2,117.7 | 2,040.6 | 2,038.5 |
| Asset Accruals | — | 5,715.6 | 5,726.9 | 5,848.7 | 5,889.3 | 5,956.5 | 6,010.1 | 6,077.9 | 6,068.5 | 6,146.4 | 6,194.6 | 6,258.0 |
| Cash & Cash Equivalents - Total | — | 2.8 | 0.3 | 2.7 | 11.3 | 0.0 | 2.4 | 8.6 | 6.3 | 1.4 | 1.3 | 2.0 |
| Cash & Short Term Investments - Total | — | 2.8 | 0.3 | 2.7 | 11.3 | 0.0 | 2.4 | 8.6 | 6.3 | 1.4 | 1.3 | 2.0 |
| Debt - including Preferred Equity & Minority Interest - Total | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.0 | 2,119.1 | 2,041.9 | 2,040.4 |
| Net Book Capital | — | 2,293.0 | 2,489.8 | 2,398.9 | 2,485.0 | 2,513.6 | 2,647.3 | 2,613.2 | 2,698.4 | 2,667.4 | 2,746.3 | 2,804.6 |
| Net Operating Assets | — | 2,293.0 | 2,489.8 | 2,398.9 | 2,485.0 | 2,513.6 | 2,647.3 | 2,613.2 | 2,698.4 | 2,667.4 | 2,746.3 | 2,804.6 |
| Provisions - Total | — | 1,409.0 | 1,251.7 | 1,435.6 | 1,411.3 | 1,448.3 | 1,382.3 | 1,483.2 | 1,361.8 | 1,467.4 | 1,408.5 | 1,426.8 |
| Shareholders Equity - Common | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 |
| Tangible Total Equity | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 |
| Tangible Book Value | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 | 585.7 | 549.7 | 705.7 | 766.2 |
| Total Book Capital | — | 2,295.8 | 2,490.1 | 2,401.6 | 2,496.3 | 2,513.6 | 2,649.7 | 2,621.9 | 2,704.7 | 2,668.8 | 2,747.6 | 2,806.6 |
| Total Capital | — | 2,295.8 | 2,490.1 | 2,401.6 | 2,496.3 | 2,513.6 | 2,649.7 | 2,621.9 | 2,704.7 | 2,668.8 | 2,747.6 | 2,806.6 |
| Total Long Term Capital | — | 1,584.5 | 1,621.4 | 1,717.7 | 1,788.3 | 1,842.6 | 1,912.7 | 1,985.8 | 1,947.4 | 2,017.1 | 2,114.2 | 2,193.0 |
| Book Value excluding Other Equity | — | (1,114.6) | (909.4) | (1,001.0) | (906.0) | (868.7) | (730.1) | (755.9) | (660.5) | (682.7) | (526.6) | (459.0) |
| Accruals - Short-Term | — | (3,978.9) | (4,003.3) | (3,973.9) | (3,995.9) | (3,998.0) | (3,997.7) | (3,999.0) | (3,997.0) | (3,993.9) | (3,967.9) | (3,961.6) |
| Cash & Short Term Investments - Net of Debt | — | (2,117.5) | (2,120.1) | (2,116.9) | (2,107.9) | (2,119.2) | (2,116.9) | (2,110.6) | (2,112.7) | (2,117.7) | (2,040.6) | (2,038.5) |
| Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments | — | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 | 1,367.2 |
| Total Fixed Assets - Net | — | 5,560.5 | 5,624.5 | 5,688.9 | 5,772.9 | 5,840.6 | 5,908.1 | 5,976.1 | 5,938.1 | 6,009.6 | 6,080.8 | 6,152.6 |
| Working Capital | — | (3,976.1) | (4,003.0) | (3,971.2) | (3,984.6) | (3,998.0) | (3,995.4) | (3,990.3) | (3,990.7) | (3,992.5) | (3,966.6) | (3,959.6) |
| Interest Bearing Liabilities - Total | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.0 | 2,119.1 | 2,041.9 | 2,040.4 |
| Working Capital - Non-Cash | — | (3,978.9) | (4,003.3) | (3,973.9) | (3,995.9) | (3,998.0) | (3,997.7) | (3,999.0) | (3,997.0) | (3,993.9) | (3,967.9) | (3,961.6) |
| Working Capital excluding Other Current Assets & Liabilities | — | (2,792.4) | (2,788.8) | (2,787.5) | (2,800.9) | (2,814.3) | (2,781.1) | (2,806.6) | (2,776.4) | (2,808.8) | (2,752.3) | (2,775.9) |
| Net Debt Including Preferred Equity & Minority Interest | — | 2,117.5 | 2,120.1 | 2,116.9 | 2,107.9 | 2,119.2 | 2,116.9 | 2,110.6 | 2,112.7 | 2,117.7 | 2,040.6 | 2,038.5 |
| Other Short-Term & Long-Term Assets - Total | — | 98.5 | 98.5 | 98.5 | 112.5 | 112.5 | 112.5 | 112.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Other Short-Term & Long-Term Liabilities - Total | — | 1,183.7 | 1,214.3 | 1,183.7 | 1,183.7 | 1,183.7 | 1,214.3 | 1,183.7 | 1,214.3 | 1,183.7 | 1,214.3 | 1,183.7 |
| Total Current Assets excluding Total Inventories | — | 101.6 | 46.3 | 106.1 | 71.3 | 59.5 | 48.0 | 54.0 | 73.8 | 75.3 | 52.3 | 46.1 |
| Tangible Book Value excluding Other Equity | — | (1,114.6) | (909.4) | (1,001.0) | (906.0) | (868.7) | (730.1) | (755.9) | (660.5) | (682.7) | (526.6) | (459.0) |
| Total Debt Excluding Islamic | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.0 | 2,119.1 | 2,041.9 | 2,040.4 |
| Current Liabilities excluding Current Debt - Total | — | 2,013.7 | 1,985.4 | 2,014.1 | 1,993.0 | 1,994.6 | 1,980.5 | 1,981.5 | 2,008.4 | 2,011.6 | 2,039.8 | 2,026.6 |
| Cash in Hand & with Banks - Total | — | 2.8 | 0.3 | 2.7 | 11.3 | 0.0 | 2.4 | 8.6 | 6.3 | 1.4 | 1.3 | 2.0 |
| Current Assets excluding Cash & Short Term Investments - Total | — | 155.1 | 102.5 | 159.8 | 116.4 | 115.8 | 102.0 | 101.8 | 130.4 | 136.8 | 113.8 | 105.4 |
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.