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%
Annual · FY2006 – FY2025
Haseeb Waqas Sugar Mills Limited (HWQS) cash flow statement
Operating activities generated -Rs 30.8 mn of cash in FY2025 (Oct 2024 – Sep 2025). Overall, cash decreased by Rs 6.0 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 | FY2006 Oct 2005 – Sep 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | (315.6) | (370.5) | (477.9) | (214.7) | (339.3) | (411.0) | (427.3) | (542.4) | (578.4) | (773.1) | (789.7) | (629.2) | (473.8) | (205.8) | 30.7 | (27.9) | 37.3 | (115.5) | (135.8) | (108.2) |
| Depreciation & amortisation | 273.2 | 288.5 | 206.8 | 149.1 | 158.5 | 168.6 | 179.4 | 191.0 | 203.5 | 194.0 | 181.8 | 130.4 | 132.8 | 136.8 | 53.5 | 56.4 | 59.1 | 56.7 | 58.9 | 58.8 |
| Net cash from operating activities | (30.8) | (105.5) | (111.7) | (3.1) | (0.2) | 0.9 | (1.0) | (121.0) | (72.3) | (111.8) | (220.4) | 251.2 | 38.4 | (848.7) | (157.3) | (298.8) | 374.0 | 5.8 | (158.6) | (202.8) |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | — | — | — | — | — | 0.0 | 0.0 | (0.2) | (138.7) | (237.7) | (306.7) | (174.4) | (66.6) | (88.6) | (1.2) | (25.0) | 0.0 | (11.5) | (67.8) | (25.5) |
| Net cash from investing activities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 11.6 | (136.8) | (237.0) | (305.8) | (174.1) | (60.9) | (99.9) | (6.2) | (21.4) | 0.0 | (5.0) | (66.5) | (23.9) |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — | — | (0.0) | (31.7) | 0.0 | — | — | 0.0 | (0.0) |
| Borrowings raised / (repaid) | 24.8 | 112.1 | 111.2 | 3.8 | 0.2 | (1.0) | (0.1) | 108.9 | 203.9 | 351.0 | 521.2 | (85.8) | 35.1 | 943.6 | 186.4 | 194.4 | (232.9) | (20.8) | 172.8 | 325.5 |
| Net cash from financing activities | 24.8 | 112.1 | 111.2 | 3.8 | 0.2 | (1.0) | (0.1) | 108.9 | 203.9 | 351.0 | 521.2 | (85.8) | 35.1 | 943.6 | 154.8 | 194.4 | (232.9) | (20.8) | 172.8 | 290.9 |
| Net change in cash | (6.0) | 6.7 | (0.5) | 0.7 | 0.0 | (0.0) | (0.4) | (0.6) | (5.3) | 2.3 | (4.9) | (8.7) | 12.7 | (5.0) | (8.7) | (125.8) | 141.1 | (20.0) | (52.3) | 64.2 |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | — | — | — | — | 0.9 | (1.0) | (121.2) | (211.0) | (349.6) | (527.1) | 76.8 | (28.2) | (937.3) | (158.4) | (323.8) | 374.0 | (5.7) | (226.3) | (228.3) |
| 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 | FY2006 Oct 2005 – Sep 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | — | — | — | — | — | — | — | — | — | — | — | — | — | -770.1% | — | -174.8% | — | — | — | — |
| Depreciation & amortisation | -5.3% | +39.5% | +38.7% | -5.9% | -6.0% | -6.0% | -6.1% | -6.1% | +4.9% | +6.7% | +39.4% | -1.8% | -2.9% | +155.5% | -5.1% | -4.6% | +4.2% | -3.7% | +0.3% | — |
| Net cash from operating activities | — | — | — | — | -120.5% | — | — | — | — | — | -187.7% | +553.5% | — | — | — | -179.9% | +6,389.8% | — | — | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | — | — | — | — | — | — | -100.0% | -99.9% | -41.7% | -22.5% | +75.9% | +161.8% | -24.8% | +7,540.9% | -95.4% | — | -100.0% | -83.0% | +165.9% | — |
| Net cash from investing activities | -100.0% | — | — | — | — | -100.0% | -93.9% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — | — | -100.0% | — | — | — | — | -100.0% | — |
| Borrowings raised / (repaid) | -77.8% | +0.8% | +2,814.3% | +1,708.6% | — | — | -100.0% | -46.6% | -41.9% | -32.6% | — | -344.3% | -96.3% | +406.2% | -4.1% | — | — | -112.0% | -46.9% | — |
| Net cash from financing activities | -77.8% | +0.8% | +2,814.3% | +1,708.6% | — | — | -100.0% | -46.6% | -41.9% | -32.6% | — | -344.3% | -96.3% | +509.7% | -20.4% | — | — | -112.0% | -40.6% | — |
| Net change in cash | -189.7% | — | -165.7% | +3,956.3% | — | — | — | — | -332.7% | — | — | -168.5% | — | — | — | -189.2% | — | — | -181.4% | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | — | — | — | — | — | — | — | — | — | -786.7% | — | — | — | — | -186.6% | — | — | — | — |
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 42
| 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 | (315.6) | (370.5) | (477.9) | (214.7) | (339.3) | (411.0) | (427.3) | (542.4) | (578.4) | (773.1) |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 287.2 | 306.6 | 332.0 | 333.7 | 326.2 | 398.8 | 396.1 | 337.8 | 330.3 | 361.3 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 14.0 | 18.0 | 0.0 | (0.1) | (0.0) | (0.2) | 0.7 | 1.2 | 4.8 | 4.2 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 0.0 | 0.1 | 125.2 | 184.7 | 167.7 | 230.4 | 216.7 | 145.7 | 122.6 | 163.6 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 273.2 | 288.5 | 206.8 | 149.1 | 158.5 | 168.6 | 179.4 | 191.0 | 203.5 | 194.0 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 273.2 | 288.5 | 206.8 | 149.1 | 158.5 | 168.6 | 179.4 | 191.0 | 203.5 | 194.0 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | — | — | — | — | — | 0.0 | (0.7) | (0.2) | (0.6) | (0.6) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 0.5 | 0.9 | 1.0 | 0.2 | 0.2 | 0.2 | 0.4 | 1.5 | 9.2 | 6.2 |
| Interest Paid - Cash | 0.0 | 0.1 | 0.3 | 137.2 | 0.0 | 0.0 | 0.0 | 32.8 | 100.9 | — |
| Interest & Dividends - Received - Total - Cash Flow | — | — | — | — | — | — | — | — | — | 8.7 |
| Cash Flow from Operating Activities before Changes in Working Capital | (29.0) | (64.9) | (147.2) | (18.3) | (13.3) | (12.4) | (31.6) | (239.0) | (358.1) | (409.3) |
| Working Capital - Increase/(Decrease) - Cash Flow | (1.8) | (40.5) | 35.5 | 15.2 | 13.1 | 13.4 | 30.5 | 118.0 | 285.8 | 297.5 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | — | — | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Inventories - Decrease/(Increase) - Cash Flow | 0.0 | 4.9 | (5.4) | 0.0 | 0.0 | 0.0 | (0.2) | (11.4) | (15.1) | (2.2) |
| Prepaid Expenses - Decrease/(Increase) - Cash Flow | (0.5) | (0.3) | 0.4 | 5.8 | 13.2 | 23.2 | 43.8 | 299.5 | 2.1 | 74.3 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (1.4) | (45.1) | 40.6 | 9.4 | (0.1) | (9.8) | (13.1) | (170.1) | 298.8 | 225.4 |
| Net Cash Flow from Operating Activities | (30.8) | (105.5) | (111.7) | (3.1) | (0.2) | 0.9 | (1.0) | (121.0) | (72.3) | (111.8) |
| Capital Expenditures - Net - Cash Flow | — | — | — | — | — | 0.0 | (0.7) | (0.1) | 138.1 | 236.9 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | — | — | — | — | — | 0.0 | (0.7) | (0.1) | 138.1 | 236.9 |
| Property, Plant & Equipment - Purchased - Cash Flow | — | — | — | — | — | 0.0 | 0.0 | 0.2 | 138.7 | 237.7 |
| Property, Plant & Equipment Sold - Cash Flow | — | — | — | — | — | 0.0 | 0.7 | 0.2 | 0.6 | 0.8 |
| Capital Expenditures - Total | — | — | — | — | — | 0.0 | 0.0 | 0.2 | 138.7 | 237.7 |
| Other Investing Cash Flow - Decrease/(Increase) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | 0.0 | 11.5 | 1.3 | (0.0) |
| Net Cash Flow from Investing Activities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | 11.6 | (136.8) | (237.0) |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 24.8 | 112.1 | 111.2 | 3.8 | 0.2 | (1.0) | (0.1) | 108.9 | 203.9 | 351.0 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 0.3 | 78.8 | 16.8 | (0.1) | — | (1.1) | (12.0) | 95.0 | 262.3 | (398.6) |
| Debt - Issued/Reduced - Long-Term - Cash Flow | 24.6 | 33.3 | 94.4 | 3.9 | 0.2 | 0.1 | 12.0 | 13.8 | (58.4) | 749.6 |
| Debt - Issued - Long-Term - Cash Flow | — | 33.3 | 94.4 | 288.9 | — | — | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | — | 0.0 | 0.0 | 285.0 | — | — | — | — | — | — |
| Net Cash Flow from Financing Activities | 24.8 | 112.1 | 111.2 | 3.8 | 0.2 | (1.0) | (0.1) | 108.9 | 203.9 | 351.0 |
| Net Change in Cash - Total | (6.0) | 6.7 | (0.5) | 0.7 | 0.0 | (0.0) | (0.4) | (0.6) | (5.3) | 2.3 |
| Net Cash from Continuing Operations | (6.0) | 6.7 | (0.5) | 0.7 | 0.0 | (0.0) | (0.4) | (0.6) | (5.3) | 2.3 |
| Net Cash - Beginning Balance | 8.6 | 2.0 | 2.4 | 1.7 | 1.7 | 1.7 | 2.1 | 2.7 | 7.9 | 5.7 |
| Net Cash - Ending Balance | 2.7 | 8.6 | 2.0 | 2.4 | 1.7 | 1.7 | 1.7 | 2.1 | 2.7 | 7.9 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 0.5 | 0.9 | 1.0 | 0.2 | 0.2 | 0.2 | 0.4 | 1.5 | 9.2 | 6.2 |
| Interest Paid - Cash Flow - Supplemental | 0.0 | 0.1 | 0.3 | 137.2 | 0.0 | 0.0 | 0.0 | 32.8 | 100.9 | — |
| Interest & Dividends - Received - Cash Flow - Supplemental | — | — | — | — | — | — | — | — | — | 8.7 |
| CF from Optg Activities before Change in WC & Int Payments | (29.0) | (64.8) | (146.9) | 118.9 | (13.3) | (12.4) | (31.5) | (206.2) | (257.3) | (409.3) |
| Depreciation, Depletion & Amortization - Cash Flow | 273.2 | 288.5 | 206.8 | 149.1 | 158.5 | 168.6 | 179.4 | 191.0 | 203.5 | 194.0 |
| Free Cash Flow to Equity | (6.0) | 6.6 | (0.5) | 0.7 | 0.0 | (0.0) | (0.4) | (12.1) | (6.5) | 2.3 |
| Free Cash Flow Net of Dividends | (30.8) | (105.5) | (111.7) | (3.1) | (0.2) | 0.9 | (1.0) | (121.2) | (211.0) | (349.6) |
| Free Cash Flow | (30.8) | (105.5) | (111.7) | (3.1) | (0.2) | 0.9 | (1.0) | (121.2) | (211.0) | (349.6) |
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.