Last close · 16 Oct 2026
Rs 82.28 +0.93%
Quarterly · Q1 FY2022 – Q4 FY2026
Shahzad Textile Mills Limited (SZTM) quarterly cash flow statement
Operating activities generated -Rs 20.8 mn of cash in Q4 FY2026 (Apr – Jun 2026), down 106.5% on Q4 FY2025, -16% of the starting profit. Capital expenditure was Rs 414.2 mn, leaving free cash flow of -Rs 435.0 mn. Overall, cash decreased by Rs 269.7 mn.
| Rs mn | 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) | 456.6 | 128.9 | 134.1 | 76.5 | 117.1 | 183.2 | 123.1 | 50.2 | (5.3) | 84.9 | 24.8 | (55.8) | 28.6 | (128.1) | (23.2) | (53.4) | 16.9 | 102.4 | 129.8 | 167.0 | 199.6 |
| Depreciation & amortisation | 127.6 | 32.3 | 33.8 | 30.6 | 30.9 | 30.6 | 29.2 | 28.4 | 28.2 | 30.1 | 29.8 | 29.8 | 29.8 | 32.9 | 32.9 | 32.5 | 32.4 | 34.4 | 32.0 | 31.0 | 30.9 |
| Net cash from operating activities | 12.9 | (20.8) | 40.0 | 41.4 | (47.7) | 320.1 | 205.9 | 37.2 | (223.3) | 197.0 | (149.7) | (104.9) | (145.3) | 167.0 | (35.9) | (113.0) | 17.0 | 502.4 | 138.6 | (332.5) | (139.3) |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (665.9) | (414.2) | (152.4) | (98.8) | (0.4) | (21.0) | (33.9) | (5.4) | (4.7) | (4.1) | (0.6) | 0.0 | 0.0 | (5.4) | (11.2) | (41.9) | (7.0) | (72.6) | (188.5) | (11.4) | (6.2) |
| Net cash from investing activities | (121.4) | (79.1) | (140.4) | 128.8 | (30.7) | (113.6) | 128.0 | (157.6) | (4.7) | (2.7) | 3.4 | (3.7) | 0.0 | (3.4) | (10.2) | (33.4) | (1.7) | (77.8) | (188.5) | (3.4) | (6.2) |
| Financing activities | |||||||||||||||||||||
| Borrowings raised / (repaid) | (54.0) | (163.0) | (60.1) | (14.5) | 183.6 | (158.0) | (211.2) | 236.3 | 118.0 | (55.6) | 168.0 | 55.0 | 179.0 | (279.7) | 96.2 | 108.0 | 14.3 | (446.9) | 39.3 | 388.5 | 121.2 |
| Net cash from financing activities | (60.8) | (169.8) | (60.1) | (14.5) | 183.6 | (158.0) | (211.2) | 236.3 | 118.0 | (55.6) | 168.0 | 55.0 | 179.0 | (279.7) | 96.2 | 108.0 | 14.3 | (446.9) | 39.3 | 388.5 | 121.2 |
| Net change in cash | (169.3) | (269.7) | (160.5) | 155.7 | 105.1 | 48.5 | 122.7 | 115.9 | (110.0) | 138.7 | 21.7 | (53.5) | 33.8 | (116.1) | 50.2 | (38.5) | 29.6 | (22.2) | (10.5) | 52.6 | (24.4) |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (653.0) | (435.0) | (112.3) | (57.4) | (48.2) | 299.1 | 171.9 | 31.8 | (228.0) | 192.9 | (150.3) | (104.9) | (145.3) | 161.7 | (47.1) | (154.9) | 10.0 | 429.9 | (49.9) | (343.9) | (145.5) |
| 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) | -29.6% | +9.0% | +52.2% | — | +115.7% | +397.1% | — | -118.4% | — | — | — | +69.4% | -225.2% | -117.9% | -132.0% | -91.5% | -46.4% | +10.3% | +318.3% | +121.3% |
| Depreciation & amortisation | +5.4% | +15.7% | +8.0% | +9.7% | +1.6% | -2.0% | -4.7% | -5.2% | -8.5% | -9.5% | -8.3% | -8.0% | -4.4% | +3.0% | +4.8% | +4.7% | +14.1% | +6.5% | +8.0% | +6.9% |
| Net cash from operating activities | -106.5% | -80.5% | +11.3% | — | +62.4% | — | — | — | +18.0% | — | — | -956.2% | -66.8% | -125.9% | — | — | +41.9% | — | — | -130.6% |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +1,872.2% | +349.5% | +1,720.2% | -90.6% | +407.1% | +5,987.1% | — | — | -22.7% | -95.0% | -100.0% | -100.0% | -92.6% | -94.1% | +267.1% | +12.8% | +191.6% | +2,063.3% | -86.7% | -52.5% |
| Net cash from investing activities | — | -209.7% | — | — | — | +3,615.2% | — | — | — | — | — | — | — | — | — | — | — | -19,137.6% | — | — |
| Financing activities | ||||||||||||||||||||
| Borrowings raised / (repaid) | — | — | -106.1% | +55.6% | — | -225.7% | +329.4% | -34.1% | — | +74.6% | -49.0% | +1,153.3% | — | +144.6% | -72.2% | -88.2% | — | -61.2% | -21.0% | — |
| Net cash from financing activities | — | — | -106.1% | +55.6% | — | -225.7% | +329.4% | -34.1% | — | +74.6% | -49.0% | +1,153.3% | — | +144.6% | -72.2% | -88.2% | — | -61.2% | -21.0% | — |
| Net change in cash | -656.0% | -230.8% | +34.4% | — | -65.0% | +464.7% | — | -425.7% | — | -56.7% | — | +14.3% | — | — | -173.1% | — | — | -196.7% | — | -115.3% |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -245.5% | -165.3% | -280.7% | — | +55.0% | — | — | — | +19.3% | — | — | -1,555.3% | -62.4% | — | — | — | +30.5% | — | — | -132.9% |
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 53
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 128.9 | 134.1 | 76.5 | 117.1 | 183.2 | 123.1 | 50.2 | (5.3) | 84.9 | 24.8 | (55.8) | 28.6 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 41.2 | 64.5 | 25.8 | 54.7 | (107.3) | 74.9 | 53.9 | 59.1 | (87.7) | 54.6 | 75.3 | 33.9 |
| Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile | (24.1) | (0.2) | (1.4) | (1.0) | (68.6) | (2.7) | (7.5) | (3.0) | (40.1) | (11.8) | (11.0) | (4.1) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 27.4 | (6.5) | 11.8 | 2.6 | 0.5 | 7.9 | 5.7 | 0.1 | (100.2) | (16.3) | 3.4 | (27.8) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 4.2 | 37.4 | 16.8 | 22.1 | 0.8 | 43.6 | 29.1 | 33.7 | 38.2 | 52.9 | 53.3 | 36.1 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 32.3 | 33.8 | 30.6 | 30.9 | 30.6 | 29.2 | 28.4 | 28.2 | 30.1 | 29.8 | 29.8 | 29.8 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 32.3 | 33.8 | 30.6 | 30.9 | 30.6 | 29.2 | 28.4 | 28.2 | 30.1 | 29.8 | 29.8 | 29.8 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | 1.5 | 0.0 | (32.0) | — | (8.8) | (3.1) | (1.8) | — | (1.3) | 0.0 | (0.2) | 0.0 |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | — | — | — | — | (61.8) | — | — | — | (14.4) | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 39.8 | 57.8 | 41.6 | 33.9 | 45.8 | 46.2 | 97.6 | 12.5 | 11.5 | 18.1 | 19.3 | 27.3 |
| Interest Paid - Cash | 42.5 | 29.2 | 37.7 | 14.4 | 19.8 | 68.7 | 62.1 | 27.7 | 68.0 | 53.3 | 58.8 | 20.5 |
| Interest & Dividends - Received - Total - Cash Flow | 25.3 | 14.8 | 6.9 | — | 4.2 | 24.9 | 20.7 | — | 14.6 | 3.4 | 2.8 | — |
| Cash Flow from Operating Activities before Changes in Working Capital | 113.1 | 126.4 | 29.8 | 123.5 | 14.5 | 108.0 | (34.9) | 13.7 | (67.6) | 11.4 | (55.9) | 14.8 |
| Working Capital - Increase/(Decrease) - Cash Flow | (133.9) | (86.4) | 11.6 | (171.2) | 305.6 | 97.9 | 72.1 | (237.0) | 264.7 | (161.2) | (49.0) | (160.0) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (96.7) | 63.0 | 53.2 | (142.8) | 60.0 | 237.6 | (158.4) | 36.6 | (75.7) | (42.9) | 157.4 | (200.7) |
| Inventories - Decrease/(Increase) - Cash Flow | (155.0) | 174.2 | (148.7) | (128.9) | 156.9 | 165.1 | (401.9) | (58.0) | 267.1 | (122.1) | 24.7 | (244.9) |
| Other Assets - Decrease/(Increase) - Cash Flow | (21.3) | 21.3 | 1.0 | (1.0) | 111.4 | (111.4) | 145.4 | (145.4) | 0.0 | (0.0) | — | 0.0 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 139.2 | (344.9) | 106.0 | 101.5 | (22.7) | (193.4) | 487.0 | (70.3) | 73.3 | 3.8 | (231.0) | 285.5 |
| Net Cash Flow from Operating Activities | (20.8) | 40.0 | 41.4 | (47.7) | 320.1 | 205.9 | 37.2 | (223.3) | 197.0 | (149.7) | (104.9) | (145.3) |
| Capital Expenditures - Net - Cash Flow | 272.4 | 152.4 | (110.5) | 0.4 | (1.3) | 26.5 | 3.0 | 4.7 | 1.7 | 0.6 | (0.3) | 0.0 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 272.4 | 152.4 | (110.5) | 0.4 | (1.3) | 26.5 | 3.0 | 4.7 | 1.7 | 0.6 | (0.3) | 0.0 |
| Property, Plant & Equipment - Purchased - Cash Flow | 414.2 | 152.4 | 98.8 | 0.4 | 21.0 | 33.9 | 5.4 | 4.7 | 4.1 | 0.6 | 0.0 | 0.0 |
| Property, Plant & Equipment Sold - Cash Flow | 141.9 | 0.0 | 209.3 | — | 22.3 | 7.4 | 2.4 | — | 2.5 | 0.0 | 0.3 | 0.0 |
| Capital Expenditures - Total | 414.2 | 152.4 | 98.8 | 0.4 | 21.0 | 33.9 | 5.4 | 4.7 | 4.1 | 0.6 | 0.0 | 0.0 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 193.3 | 12.0 | 18.3 | (30.3) | (114.8) | 154.6 | (154.6) | — | (1.0) | 4.0 | (4.0) | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 193.3 | 12.0 | 18.3 | (30.3) | (114.8) | 154.6 | (154.6) | — | (1.0) | 4.0 | (4.0) | — |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | 193.3 | — | 30.3 | — | — | 191.1 | 36.6 | — | — | — | 35.6 | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | — | 12.0 | 30.3 | — | 36.6 | 191.1 | — | — | — | 39.6 | — |
| Net Cash Flow from Investing Activities | (79.1) | (140.4) | 128.8 | (30.7) | (113.6) | 128.0 | (157.6) | (4.7) | (2.7) | 3.4 | (3.7) | 0.0 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (163.0) | (60.1) | (14.5) | 183.6 | (158.0) | (211.2) | 236.3 | 118.0 | (55.6) | 168.0 | 55.0 | 179.0 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (147.9) | (38.3) | (60.0) | 203.8 | (133.7) | — | 255.5 | 137.3 | (27.9) | 258.8 | (3.9) | 194.8 |
| Debt - Issued - Short-Term - Cash Flow | — | — | 143.8 | — | 62.2 | — | 392.8 | — | 421.9 | 258.8 | 190.9 | — |
| Debt - Reduced - Short-Term - Cash Flow | 147.9 | 38.3 | 203.8 | — | 195.9 | — | 137.3 | — | 449.8 | — | 194.8 | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (15.0) | (21.9) | 45.5 | (20.2) | (24.3) | (211.2) | (19.3) | (19.3) | (27.7) | (90.8) | 58.9 | (15.8) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | — | — | 0.9 | (0.9) | — | — | — | — | — | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | 3.4 | 45.4 | 68.2 | — | — | — | — | — | — | — | 80.0 | — |
| Lease liabilities - Issued - Cash flow | — | — | 0.9 | — | — | — | — | — | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 18.5 | 67.3 | 22.7 | 20.2 | 24.3 | 211.2 | 19.3 | 19.3 | 27.7 | 90.8 | 21.1 | 15.8 |
| 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 | — | — | — | 0.9 | — | — | — | — | — | — | — | — |
| Other Financing Cash Flow - Increase/(Decrease) | (6.9) | — | — | — | — | — | — | — | — | — | — | — |
| Net Cash Flow from Financing Activities | (169.8) | (60.1) | (14.5) | 183.6 | (158.0) | (211.2) | 236.3 | 118.0 | (55.6) | 168.0 | 55.0 | 179.0 |
| Net Change in Cash - Total | (269.7) | (160.5) | 155.7 | 105.1 | 48.5 | 122.7 | 115.9 | (110.0) | 138.7 | 21.7 | (53.5) | 33.8 |
| Net Cash from Continuing Operations | (269.7) | (160.5) | 155.7 | 105.1 | 48.5 | 122.7 | 115.9 | (110.0) | 138.7 | 21.7 | (53.5) | 33.8 |
| Net Cash - Beginning Balance | 486.7 | 647.1 | 491.4 | 386.2 | 337.7 | 215.0 | 99.1 | 209.2 | 70.4 | 48.7 | 0.0 | 68.4 |
| Net Cash - Ending Balance | 216.9 | 486.7 | 647.1 | 491.4 | 386.2 | 337.7 | 215.0 | 99.1 | 209.2 | 70.4 | (53.5) | 102.2 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 39.8 | 57.8 | 41.6 | 33.9 | 45.8 | 46.2 | 97.6 | 12.5 | 11.5 | 18.1 | 19.3 | 27.3 |
| Interest Paid - Cash Flow - Supplemental | 42.5 | 29.2 | 37.7 | 14.4 | 19.8 | 68.7 | 62.1 | 27.7 | 68.0 | 53.3 | 58.8 | 20.5 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 25.3 | 14.8 | 6.9 | — | 4.2 | 24.9 | 20.7 | — | 14.6 | 3.4 | 2.8 | — |
| CF from Optg Activities before Change in WC & Int Payments | 155.6 | 155.6 | 67.6 | 137.9 | 34.4 | 176.7 | 27.2 | 41.4 | 0.3 | 64.7 | 2.9 | 35.3 |
| Depreciation, Depletion & Amortization - Cash Flow | 32.3 | 33.8 | 30.6 | 30.9 | 30.6 | 29.2 | 28.4 | 28.2 | 30.1 | 29.8 | 29.8 | 29.8 |
| Free Cash Flow to Equity | (456.2) | (172.5) | 137.5 | 135.4 | 163.3 | (31.9) | 270.4 | (110.0) | 139.7 | 17.7 | (49.5) | 33.8 |
| Free Cash Flow Net of Dividends | (435.0) | (112.3) | (57.4) | (48.2) | 299.1 | 171.9 | 31.8 | (228.0) | 192.9 | (150.3) | (104.9) | (145.3) |
| Free Cash Flow | (435.0) | (112.3) | (57.4) | (48.2) | 299.1 | 171.9 | 31.8 | (228.0) | 192.9 | (150.3) | (104.9) | (145.3) |
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.