Last close · 16 Oct 2026
Rs 1,530.41 -0.71%
Quarterly · Q1 FY2022 – Q4 FY2026
Sazgar Engineering Works Limited (SAZEW) quarterly cash flow statement
Operating activities generated -Rs 17.0 bn of cash in Q4 FY2026 (Apr – Jun 2026), down 336.5% on Q4 FY2025, -120% of the starting profit. Capital expenditure was Rs 7.0 bn, leaving free cash flow of -Rs 24.0 bn. Dividends paid to shareholders came to Rs 1.2 bn. Overall, cash decreased by Rs 19.3 bn.
| Rs bn | 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) | 38.6 | 14.2 | 10.6 | 6.6 | 7.2 | 5.7 | 10.2 | 4.2 | 6.6 | 5.8 | 5.0 | 1.2 | 1.1 | 0.7 | 0.7 | 0.1 | 0.0 | (0.0) | 0.1 | 0.1 | 0.1 |
| Depreciation & amortisation | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net cash from operating activities | 9.6 | (17.0) | 18.2 | (6.9) | 15.3 | 7.2 | 5.0 | (1.2) | 3.0 | 0.3 | 7.0 | (0.2) | 1.9 | 1.1 | (0.9) | 0.9 | 0.5 | 0.4 | (0.1) | 0.4 | 0.1 |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (15.6) | (7.0) | (6.6) | (1.1) | (1.0) | (0.8) | (0.7) | (1.7) | (0.5) | (0.3) | (1.2) | (0.2) | (0.3) | (0.1) | (0.2) | (0.1) | (0.1) | (0.6) | (0.1) | (0.1) | (0.2) |
| Net cash from investing activities | (15.6) | (7.0) | (6.6) | (1.1) | (1.0) | (0.8) | (0.7) | (1.7) | (0.5) | (0.3) | (1.2) | (0.2) | (0.3) | (0.1) | (0.2) | (0.1) | (0.1) | (0.6) | (0.1) | (0.1) | (0.2) |
| Financing activities | |||||||||||||||||||||
| Dividends paid | (4.2) | (1.2) | (0.9) | (2.1) | (0.0) | (0.7) | (0.6) | (1.3) | (0.0) | (0.5) | (0.0) | (0.2) | — | — | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Borrowings raised / (repaid) | 5.1 | 5.2 | (3.3) | 3.3 | (0.0) | (0.0) | (6.6) | 6.5 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.2) | 0.2 | 0.1 | (0.1) | 0.1 |
| Net cash from financing activities | 3.4 | 4.7 | (3.6) | 1.9 | 0.4 | (0.5) | (6.9) | 5.6 | 0.3 | (0.2) | 0.1 | (0.2) | 0.0 | (0.0) | (0.0) | (0.1) | (0.2) | 0.2 | 0.1 | (0.1) | 0.1 |
| Net change in cash | (2.6) | (19.3) | 8.0 | (6.1) | 14.7 | 5.9 | (2.6) | 2.7 | 2.8 | (0.2) | 5.9 | (0.6) | 1.6 | 1.0 | (1.1) | 0.7 | 0.3 | 0.0 | (0.1) | 0.2 | 0.0 |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (6.0) | (24.0) | 11.6 | (8.0) | 14.4 | 6.4 | 4.3 | (2.9) | 2.5 | (0.0) | 5.8 | (0.4) | 1.6 | 1.0 | (1.1) | 0.7 | 0.5 | (0.2) | (0.2) | 0.3 | (0.1) |
| 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) | +149.9% | +3.6% | +56.2% | +9.5% | -1.4% | +104.4% | +241.5% | +496.3% | +696.9% | +658.9% | +1,477.9% | +5,371.6% | — | +773.0% | -17.6% | -83.1% | -720.4% | +78.2% | +242.6% | +296.9% |
| Depreciation & amortisation | +191.7% | +19.7% | +11.5% | +20.1% | +23.2% | +13.5% | +23.2% | +15.6% | +17.1% | +18.8% | +14.0% | +38.4% | +49.0% | +34.9% | +41.2% | +170.7% | +655.1% | +735.5% | +696.1% | +230.2% |
| Net cash from operating activities | -336.5% | +261.9% | — | +403.6% | +2,186.5% | -28.0% | — | +63.1% | -72.1% | — | -124.1% | +246.1% | +171.2% | — | +132.7% | +514.1% | — | — | — | -42.9% |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +802.1% | +843.3% | -36.8% | +83.3% | +138.0% | -39.9% | +645.7% | +97.4% | +289.8% | +579.5% | +86.3% | +255.5% | -85.5% | +119.0% | +13.0% | -59.1% | +184.2% | +49.2% | -12.0% | +8.0% |
| Net cash from investing activities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | +66.7% | +50.4% | +59.2% | +355.0% | +50.3% | +697,919.9% | +450.2% | — | — | — | — | — | — | — | — | — | -100.0% | -100.0% | -100.0% | -100.0% |
| Borrowings raised / (repaid) | — | — | -49.7% | — | — | — | — | — | — | — | — | — | -120.3% | -163.3% | — | -278.8% | +96.2% | — | -1,182.8% | +47.5% |
| Net cash from financing activities | — | — | -65.8% | +28.5% | — | -6,060.1% | — | +751.2% | — | — | — | — | -115.7% | -141.0% | — | -277.3% | +91.7% | — | -626.9% | +38.1% |
| Net change in cash | -427.9% | — | -325.4% | +424.4% | — | -143.2% | — | +70.9% | -122.3% | — | -190.0% | +522.7% | +2,510.9% | — | +229.5% | +1,291.1% | — | — | — | -72.2% |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -473.5% | +167.9% | — | +470.7% | — | -25.7% | — | +57.3% | -101.0% | — | -159.1% | +244.5% | — | — | +182.5% | — | — | — | — | — |
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 17 Oct 2026.
All reported line items 47
| Rs bn | 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 | 14.2 | 10.6 | 6.6 | 7.2 | 5.7 | 10.2 | 4.2 | 6.6 | 5.8 | 5.0 | 1.2 | 1.1 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 0.9 | (0.3) | (0.2) | 0.3 | 0.3 | 0.7 | 0.2 | 0.3 | 0.2 | 0.4 | 0.1 | 0.1 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 0.4 | (0.4) | (0.4) | 0.1 | 0.2 | 0.6 | 0.0 | 0.2 | 0.2 | 0.3 | (0.0) | (0.0) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 0.2 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 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) | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 4.9 | 3.5 | 3.4 | 2.8 | 3.9 | 3.8 | 3.0 | 1.1 | 1.1 | 0.8 | 0.5 | 0.4 |
| Interest Paid - Cash | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Cash Flow from Operating Activities before Changes in Working Capital | 10.2 | 6.8 | 3.0 | 4.8 | 2.1 | 7.1 | 1.4 | 5.8 | 4.9 | 4.6 | 0.8 | 0.8 |
| Working Capital - Increase/(Decrease) - Cash Flow | (27.2) | 11.4 | (9.9) | 10.5 | 5.1 | (2.0) | (2.6) | (2.8) | (4.6) | 2.4 | (1.0) | 1.1 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 0.5 | (0.5) | 0.3 | (0.3) | (0.3) | 0.1 | 0.1 | (0.0) | 0.3 | (0.3) | 0.0 | (0.1) |
| Inventories - Decrease/(Increase) - Cash Flow | (14.3) | (0.1) | (9.9) | (3.6) | (0.2) | 7.9 | (5.3) | (2.4) | (9.6) | 3.4 | (3.4) | (2.0) |
| Other Assets - Decrease/(Increase) - Cash Flow | — | — | — | — | — | — | — | — | 2.8 | (0.5) | (3.1) | 0.8 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (13.4) | 12.0 | (0.3) | 14.5 | 5.6 | (10.1) | 2.7 | (0.4) | 2.0 | (0.2) | 5.5 | 2.3 |
| Net Cash Flow from Operating Activities | (17.0) | 18.2 | (6.9) | 15.3 | 7.2 | 5.0 | (1.2) | 3.0 | 0.3 | 7.0 | (0.2) | 1.9 |
| Capital Expenditures - Net - Cash Flow | 7.0 | 6.6 | 1.1 | 1.0 | 0.8 | 0.7 | 1.7 | 0.5 | 0.3 | 1.2 | 0.2 | 0.3 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 7.0 | 6.6 | 1.1 | 1.0 | 0.8 | 0.7 | 1.7 | 0.5 | 0.3 | 1.2 | 0.2 | 0.3 |
| Property, Plant & Equipment - Purchased - Cash Flow | 7.0 | 6.6 | 1.1 | 1.0 | 0.8 | 0.7 | 1.7 | 0.5 | 0.3 | 1.2 | 0.2 | 0.3 |
| Property, Plant & Equipment Sold - Cash Flow | 0.0 | 0.0 | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Capital Expenditures - Total | 7.0 | 6.6 | 1.1 | 1.0 | 0.8 | 0.7 | 1.7 | 0.5 | 0.3 | 1.2 | 0.2 | 0.3 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | — | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) | 0.0 |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | — | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) | 0.0 |
| Net Cash Flow from Investing Activities | (7.0) | (6.6) | (1.1) | (1.0) | (0.8) | (0.7) | (1.7) | (0.5) | (0.3) | (1.2) | (0.2) | (0.3) |
| Dividends Paid - Cash - Total - Cash Flow | 1.2 | 0.9 | 2.1 | 0.0 | 0.7 | 0.6 | 1.3 | 0.0 | 0.5 | 0.0 | 0.2 | — |
| Dividends - Common - Cash Paid | 1.2 | 0.9 | 2.1 | 0.0 | 0.7 | 0.6 | 1.3 | 0.0 | 0.5 | 0.0 | 0.2 | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 5.2 | (3.3) | 3.3 | (0.0) | (0.0) | (6.6) | 6.5 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | — | (3.3) | 3.3 | — | — | (6.6) | 6.6 | 0.0 | — | 0.0 | 0.0 | 0.0 |
| Debt - Issued - Short-Term - Cash Flow | — | — | 3.3 | — | — | 0.0 | 6.6 | 0.0 | — | 0.0 | 0.6 | 0.3 |
| Debt - Reduced - Short-Term - Cash Flow | — | 3.3 | — | — | — | 6.6 | 0.0 | 0.0 | — | 0.0 | 0.6 | 0.3 |
| Debt - Issued/Reduced - Long-Term - Cash Flow | 5.2 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Debt - Issued - Long-Term - Cash Flow | 5.2 | — | — | — | — | — | — | — | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Cash Flow - Increase/(Decrease) | 0.8 | 0.7 | 0.7 | 0.4 | 0.2 | 0.3 | 0.4 | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 |
| Net Cash Flow from Financing Activities | 4.7 | (3.6) | 1.9 | 0.4 | (0.5) | (6.9) | 5.6 | 0.3 | (0.2) | 0.1 | (0.2) | 0.0 |
| Net Change in Cash - Total | (19.3) | 8.0 | (6.1) | 14.7 | 5.9 | (2.6) | 2.7 | 2.8 | (0.2) | 5.9 | (0.6) | 1.6 |
| Net Cash from Continuing Operations | (19.3) | 8.0 | (6.1) | 14.7 | 5.9 | (2.6) | 2.7 | 2.8 | (0.2) | 5.9 | (0.6) | 1.6 |
| Net Cash - Beginning Balance | 33.3 | 25.2 | 31.3 | 16.6 | 10.7 | 13.3 | 10.6 | 7.8 | 8.0 | 2.0 | 2.7 | 1.0 |
| Net Cash - Ending Balance | 14.0 | 33.3 | 25.2 | 31.3 | 16.6 | 10.7 | 13.3 | 10.6 | 7.8 | 8.0 | 2.0 | 2.7 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 4.9 | 3.5 | 3.4 | 2.8 | 3.9 | 3.8 | 3.0 | 1.1 | 1.1 | 0.8 | 0.5 | 0.4 |
| Interest Paid - Cash Flow - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| CF from Optg Activities before Change in WC & Int Payments | 10.2 | 6.8 | 3.0 | 4.8 | 2.1 | 7.1 | 1.4 | 5.8 | 4.9 | 4.6 | 0.8 | 0.8 |
| Depreciation, Depletion & Amortization - Cash Flow | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Free Cash Flow to Equity | (18.8) | 8.3 | (4.7) | 14.3 | 6.4 | (2.3) | 3.7 | 2.5 | (0.1) | 5.8 | (0.5) | 1.6 |
| Free Cash Flow Net of Dividends | (25.2) | 10.7 | (10.1) | 14.4 | 5.7 | 3.7 | (4.2) | 2.5 | (0.5) | 5.8 | (0.7) | 1.6 |
| Free Cash Flow | (24.0) | 11.6 | (8.0) | 14.4 | 6.4 | 4.3 | (2.9) | 2.5 | (0.0) | 5.8 | (0.4) | 1.6 |
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.