Last close · 16 Oct 2026
Rs 272.56 -0.91%
Annual · FY2007 – FY2026
Shezan International Limited (SHEZ) cash flow statement
Operating activities generated -Rs 183.4 mn of cash in FY2026 (Jul 2025 – Jun 2026), down 143.3% on FY2025, -32% of the starting profit. Capital expenditure was Rs 209.6 mn, leaving free cash flow of -Rs 393.0 mn. Dividends paid to shareholders came to Rs 61.8 mn. Overall, cash decreased by Rs 61.6 mn.
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 | FY2016 Jul 2015 – Jun 2016 | FY2015 Jul 2014 – Jun 2015 | FY2014 Jul 2013 – Jun 2014 | FY2013 Jul 2012 – Jun 2013 | FY2012 Jul 2011 – Jun 2012 | FY2011 Jul 2010 – Jun 2011 | FY2010 Jul 2009 – Jun 2010 | FY2009 Jul 2008 – Jun 2009 | FY2008 Jul 2007 – Jun 2008 | FY2007 Jul 2006 – Jun 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 565.7 | 285.9 | (366.0) | 171.8 | 186.4 | 180.9 | (302.7) | 151.9 | 489.2 | 361.9 | 203.5 | 314.3 | 400.5 | 394.3 | 318.1 | 210.6 | 165.2 | 160.6 | 268.4 | 257.7 |
| Depreciation & amortisation | 181.6 | 188.9 | 211.8 | 234.5 | 244.9 | 279.7 | 327.2 | 260.5 | 206.7 | 218.4 | 211.4 | 188.8 | 143.4 | 128.0 | 56.7 | 55.0 | 44.9 | 39.3 | 36.2 | 33.8 |
| Net cash from operating activities | (183.4) | 423.1 | 254.8 | (64.3) | 279.5 | 26.5 | 40.5 | 550.3 | 656.9 | 382.3 | 345.2 | 305.7 | 313.7 | 377.7 | 165.7 | 98.4 | 170.6 | 113.7 | 120.8 | 166.5 |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | (209.6) | (133.3) | (50.2) | (190.7) | (86.9) | (84.5) | (262.2) | (912.1) | (408.1) | (249.2) | (221.4) | (573.1) | (309.7) | (264.9) | (74.1) | (61.9) | (97.6) | (47.8) | (77.8) | (33.1) |
| Net cash from investing activities | (178.4) | (128.4) | (32.4) | (155.8) | (40.9) | (51.6) | (199.1) | (879.8) | (380.0) | (220.5) | (208.1) | (543.2) | (244.0) | (269.6) | (70.7) | (59.1) | (92.9) | (43.6) | (55.8) | (42.6) |
| Financing activities | ||||||||||||||||||||
| Dividends paid | (61.8) | 0.0 | (17.8) | (44.2) | (43.4) | (0.0) | (47.5) | (118.3) | (107.2) | (71.5) | (87.4) | (72.6) | (65.9) | (53.8) | (44.9) | (36.0) | (35.9) | (59.9) | (50.0) | (55.0) |
| Borrowings raised / (repaid) | 361.9 | (236.4) | (218.8) | 298.9 | (266.2) | (22.4) | 175.0 | 528.6 | (90.0) | (120.0) | (90.0) | 300.0 | 0.0 | (13.8) | (23.5) | (20.3) | (13.1) | (23.4) | (39.1) | (37.5) |
| Net cash from financing activities | 300.1 | (236.4) | (236.5) | 254.7 | (309.5) | (22.5) | 127.4 | 410.3 | (197.2) | (191.5) | (177.4) | 227.4 | (65.9) | (67.7) | (68.4) | (56.3) | (49.1) | (83.3) | (89.1) | (92.4) |
| Net change in cash | (61.6) | 58.3 | (14.1) | 34.5 | (70.8) | (47.6) | (31.2) | 80.8 | 79.7 | (29.7) | (40.3) | (10.2) | 3.8 | 40.4 | 26.6 | (16.9) | 28.7 | (13.2) | (24.1) | 31.5 |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (393.0) | 289.8 | 204.6 | (255.0) | 192.6 | (58.0) | (221.7) | (361.9) | 248.8 | 133.1 | 123.7 | (267.4) | 3.9 | 112.9 | 91.6 | 36.6 | 73.1 | 66.0 | 42.9 | 133.4 |
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 | FY2016 Jul 2015 – Jun 2016 | FY2015 Jul 2014 – Jun 2015 | FY2014 Jul 2013 – Jun 2014 | FY2013 Jul 2012 – Jun 2013 | FY2012 Jul 2011 – Jun 2012 | FY2011 Jul 2010 – Jun 2011 | FY2010 Jul 2009 – Jun 2010 | FY2009 Jul 2008 – Jun 2009 | FY2008 Jul 2007 – Jun 2008 | FY2007 Jul 2006 – Jun 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | +97.8% | — | -313.0% | -7.8% | +3.0% | — | -299.2% | -68.9% | +35.2% | +77.9% | -35.3% | -21.5% | +1.6% | +24.0% | +51.0% | +27.5% | +2.9% | -40.2% | +4.2% | — |
| Depreciation & amortisation | -3.9% | -10.8% | -9.7% | -4.2% | -12.4% | -14.5% | +25.6% | +26.1% | -5.4% | +3.3% | +11.9% | +31.7% | +12.0% | +125.9% | +3.1% | +22.5% | +14.3% | +8.4% | +7.2% | — |
| Net cash from operating activities | -143.3% | +66.0% | — | -123.0% | +956.5% | -34.7% | -92.6% | -16.2% | +71.8% | +10.8% | +12.9% | -2.6% | -17.0% | +128.0% | +68.3% | -42.3% | +50.0% | -5.8% | -27.5% | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +57.2% | +165.4% | -73.7% | +119.4% | +2.8% | -67.8% | -71.3% | +123.5% | +63.8% | +12.5% | -61.4% | +85.0% | +16.9% | +257.6% | +19.7% | -36.6% | +104.3% | -38.6% | +135.2% | — |
| Net cash from investing activities | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | -100.0% | -59.8% | +1.9% | +123,797.1% | -99.9% | -59.8% | +10.4% | +49.8% | -18.1% | +20.3% | +10.2% | +22.4% | +19.8% | +25.0% | +0.1% | -40.0% | +19.9% | -9.1% | — |
| Borrowings raised / (repaid) | — | — | -173.2% | — | — | -112.8% | -66.9% | — | — | — | -130.0% | — | — | — | — | — | — | — | — | — |
| Net cash from financing activities | — | — | -192.9% | — | — | -117.6% | -68.9% | — | — | — | -178.0% | — | — | — | — | — | — | — | — | — |
| Net change in cash | -205.7% | — | -140.8% | — | — | — | -138.6% | +1.3% | — | — | — | -366.3% | -90.6% | +52.2% | — | -159.0% | — | — | -176.7% | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -235.6% | +41.7% | — | -232.4% | — | — | — | -245.4% | +86.9% | +7.6% | — | -6,881.0% | -96.5% | +23.2% | +150.4% | -49.9% | +10.7% | +53.7% | -67.8% | — |
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. Updated 15 Oct 2026.
All reported line items 53
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 0.6 | 0.3 | (0.4) | 0.2 | 0.2 | 0.2 | (0.3) | 0.2 | 0.5 | 0.4 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 0.4 | 0.4 | 0.6 | 0.5 | 0.4 | 0.4 | 0.6 | 0.3 | 0.3 | 0.3 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | (0.0) | (0.0) | 0.0 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 0.2 | 0.2 | 0.3 | 0.3 | 0.1 | 0.1 | 0.2 | 0.1 | 0.0 | 0.0 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | — | — | — | — | — | — | — | — | — | 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 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Interest Paid - Cash | 0.2 | 0.2 | 0.3 | 0.2 | 0.1 | — | — | 0.0 | 0.0 | 0.0 |
| Interest & Dividends - Received - Total - Cash Flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Cash Flow from Operating Activities before Changes in Working Capital | 0.5 | 0.3 | (0.3) | 0.4 | 0.4 | 0.5 | 0.2 | 0.3 | 0.6 | 0.5 |
| Working Capital - Increase/(Decrease) - Cash Flow | (0.7) | 0.2 | 0.6 | (0.5) | (0.1) | (0.5) | (0.1) | 0.2 | 0.1 | (0.1) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (0.3) | (0.1) | 0.2 | (0.5) | 0.1 | (0.3) | (0.1) | 0.1 | 0.1 | (0.1) |
| Inventories - Decrease/(Increase) - Cash Flow | (0.2) | 0.2 | 0.1 | 0.1 | (0.5) | (0.1) | 0.1 | 0.1 | (0.4) | (0.1) |
| Other Assets - Decrease/(Increase) - Cash Flow | 0.0 | 0.0 | (0.0) | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (0.3) | 0.1 | 0.3 | (0.0) | 0.2 | (0.0) | (0.1) | 0.0 | 0.2 | 0.0 |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | (0.0) | (0.0) | (0.0) | (0.1) | 0.1 | (0.1) | (0.0) | (0.1) | 0.3 | 0.1 |
| Net Cash Flow from Operating Activities | (0.2) | 0.4 | 0.3 | (0.1) | 0.3 | 0.0 | 0.0 | 0.6 | 0.7 | 0.4 |
| Capital Expenditures - Net - Cash Flow | 0.2 | 0.1 | 0.0 | 0.2 | 0.0 | 0.1 | 0.2 | 0.9 | 0.4 | 0.2 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 0.2 | 0.1 | 0.0 | 0.2 | 0.0 | 0.1 | 0.2 | 0.9 | 0.4 | 0.2 |
| Property, Plant & Equipment - Purchased - Cash Flow | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.3 | 0.9 | 0.4 | 0.2 |
| Property, Plant & Equipment Sold - Cash Flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Capital Expenditures - Total | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.3 | 0.9 | 0.4 | 0.2 |
| Other Investing Cash Flow - Decrease/(Increase) | — | — | — | (0.0) | — | — | — | — | — | — |
| Net Cash Flow from Investing Activities | (0.2) | (0.1) | (0.0) | (0.2) | (0.0) | (0.1) | (0.2) | (0.9) | (0.4) | (0.2) |
| Dividends Paid - Cash - Total - Cash Flow | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 |
| Dividends - Common - Cash Paid | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 0.4 | (0.2) | (0.2) | 0.3 | (0.3) | (0.0) | 0.2 | 0.5 | (0.1) | (0.1) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 0.2 | (0.1) | (0.1) | 0.2 | 0.1 | 0.2 | 0.4 | — | — | — |
| Debt - Issued - Short-Term - Cash Flow | 16.8 | — | — | — | — | 0.2 | 0.4 | — | — | — |
| Debt - Reduced - Short-Term - Cash Flow | 16.7 | — | — | — | — | — | — | — | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | 0.2 | (0.1) | (0.1) | 0.1 | (0.4) | (0.2) | (0.2) | 0.5 | (0.1) | (0.1) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | 0.2 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | 0.2 | — | — | 0.2 | 0.0 | 0.2 | 0.1 | 0.5 | — | — |
| Lease liabilities - Issued - Cash flow | 0.2 | — | — | — | — | — | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 0.0 | — | — | 0.1 | 0.4 | 0.4 | 0.3 | — | 0.1 | 0.1 |
| 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 | 0.0 | — | — | 0.0 | 0.0 | 0.0 | 0.0 | — | — | — |
| Net Cash Flow from Financing Activities | 0.3 | (0.2) | (0.2) | 0.3 | (0.3) | (0.0) | 0.1 | 0.4 | (0.2) | (0.2) |
| Foreign Exchange Effects - Cash Flow | — | — | — | (0.0) | 0.0 | — | — | — | — | — |
| Net Change in Cash - Total | (0.1) | 0.1 | (0.0) | 0.0 | (0.1) | (0.0) | (0.0) | 0.1 | 0.1 | (0.0) |
| Net Cash from Continuing Operations | (0.1) | 0.1 | (0.0) | 0.0 | (0.1) | (0.0) | (0.0) | 0.1 | 0.1 | (0.0) |
| Net Cash - Beginning Balance | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 |
| Net Cash - Ending Balance | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Interest Paid - Cash Flow - Supplemental | 0.2 | 0.2 | 0.3 | 0.2 | 0.1 | — | — | 0.0 | 0.0 | 0.0 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| CF from Optg Activities before Change in WC & Int Payments | 0.7 | 0.5 | 0.0 | 0.6 | 0.5 | 0.5 | 0.2 | 0.4 | 0.6 | 0.6 |
| Contract Liabilities - Increase/(Decrease) - Cash Flow | (0.0) | 0.0 | — | (0.1) | 0.1 | (0.0) | 0.0 | 0.1 | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 |
| Free Cash Flow to Equity | 0.0 | 0.1 | 0.0 | 0.1 | (0.0) | (0.0) | 0.0 | 0.2 | 0.2 | 0.0 |
| Free Cash Flow Net of Dividends | (0.5) | 0.3 | 0.2 | (0.3) | 0.1 | (0.1) | (0.3) | (0.5) | 0.1 | 0.1 |
| Free Cash Flow | (0.4) | 0.3 | 0.2 | (0.3) | 0.2 | (0.1) | (0.2) | (0.4) | 0.2 | 0.1 |
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.