Last close · 16 Oct 2026
Rs 7.26 -1.22%
Annual · FY2016 – FY2025
Waves Home Appliances Limited (WAVESAPP) cash flow statement
Operating activities generated Rs 15.5 mn of cash in FY2025 (Jan – Dec 2025), down 82.3% on FY2024, 15% of the starting profit. Capital expenditure was Rs 16.7 mn, leaving free cash flow of -Rs 1.2 mn. Overall, cash increased by Rs 17.6 mn.
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Profit (cash-flow starting line, as reported) | 104.2 | 174.0 | 142.7 | 137.8 | (18.7) | (1.9) | 99.7 | (891.2) | (273.1) | (103.0) |
| Depreciation & amortisation | 273.0 | 235.6 | 273.9 | 293.9 | — | 0.0 | 1.3 | 65.7 | 72.8 | 73.4 |
| Net cash from operating activities | 15.5 | 87.5 | 2,074.7 | 3,149.2 | (32.7) | (8.0) | (158.8) | (149.8) | (18.3) | (325.8) |
| Investing activities | ||||||||||
| Capital expenditure | (16.7) | (245.5) | (1,942.4) | (2,421.5) | — | 0.0 | (3.5) | (9.7) | (5.5) | (40.9) |
| Net cash from investing activities | (14.9) | (168.5) | (1,996.0) | (2,409.7) | 11.5 | 0.4 | 875.5 | 7.6 | (5.7) | 584.1 |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | 0.0 | (0.0) | (3.5) | — | — | — |
| Borrowings raised / (repaid) | 17.0 | 75.9 | (75.0) | (782.5) | 18.8 | 4.3 | (710.8) | 140.5 | 2.9 | (251.1) |
| Net cash from financing activities | 17.0 | 75.9 | (80.6) | (804.5) | 18.8 | 4.3 | (714.3) | 140.5 | 2.9 | (251.1) |
| Net change in cash | 17.6 | (5.1) | (1.9) | (65.0) | (2.4) | (3.2) | 2.4 | (1.7) | (21.1) | 7.2 |
| Key figures | ||||||||||
| Free cash flow (operating cash flow − capex) | (1.2) | (158.0) | 132.3 | 727.8 | — | (8.0) | (162.3) | (159.4) | (23.8) | (366.8) |
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Profit (cash-flow starting line, as reported) | -40.1% | +21.9% | +3.6% | — | — | -101.9% | — | — | — | — |
| Depreciation & amortisation | +15.9% | -14.0% | -6.8% | — | — | -100.0% | -98.0% | -9.8% | -0.8% | — |
| Net cash from operating activities | -82.3% | -95.8% | -34.1% | — | — | — | — | — | — | — |
| Investing activities | ||||||||||
| Capital expenditure | -93.2% | -87.4% | -19.8% | — | — | -100.0% | -63.7% | +74.9% | -86.5% | — |
| Net cash from investing activities | — | — | — | -21,136.3% | +2,837.2% | -100.0% | +11,467.3% | — | -101.0% | — |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | -100.0% | -99.8% | — | — | — | — |
| Borrowings raised / (repaid) | -77.6% | — | — | -4,253.4% | +334.6% | — | -605.8% | +4,706.7% | — | — |
| Net cash from financing activities | -77.6% | — | — | -4,370.3% | +335.4% | — | -608.3% | +4,706.7% | — | — |
| Net change in cash | — | — | — | — | — | -236.4% | — | — | -393.1% | — |
| Key figures | ||||||||||
| Free cash flow (operating cash flow − capex) | — | -219.4% | -81.8% | — | — | — | — | — | — | — |
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 61
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 104.2 | 174.0 | 142.7 | 137.8 | (18.7) | (1.9) | 99.7 | (891.2) | (273.1) | (103.0) |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 838.4 | 674.4 | 573.6 | 805.9 | 4.0 | 13.2 | (130.6) | 555.0 | 140.8 | 146.4 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 248.1 | (133.3) | (12.0) | 144.5 | (0.1) | 0.0 | 3.7 | 0.0 | (0.4) | (0.2) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 706.0 | 605.3 | 373.7 | 381.6 | 5.8 | 13.4 | 48.5 | 71.9 | 68.4 | 85.2 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 273.0 | 236.5 | 273.9 | 293.9 | — | 0.0 | 1.3 | 485.4 | 72.8 | 73.4 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 239.4 | 202.0 | 236.4 | 253.0 | — | — | 1.3 | 65.7 | 72.4 | 72.6 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 33.6 | 33.6 | 37.6 | 40.9 | — | — | — | 0.0 | 0.5 | 0.8 |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | 0.0 | 0.9 | — | — | — | 0.0 | — | 419.7 | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (5.8) | (31.9) | (28.5) | (14.0) | (1.7) | (0.2) | (184.2) | (2.3) | (0.0) | (12.2) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | (382.9) | (2.2) | (33.6) | — | — | — | — | — | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 67.1 | 7.3 | 126.9 | 98.8 | (8.7) | (0.4) | (5.1) | 2.3 | 5.6 | 24.2 |
| Interest Paid - Cash | 131.3 | 367.8 | 141.9 | 226.5 | 8.5 | 9.6 | 99.8 | 51.8 | 62.6 | 86.7 |
| Cash Flow from Operating Activities before Changes in Working Capital | 744.1 | 473.2 | 447.5 | 618.4 | (14.6) | 2.1 | (125.7) | (390.4) | (200.4) | (67.5) |
| Working Capital - Increase/(Decrease) - Cash Flow | (728.6) | (385.8) | 1,627.2 | 2,530.8 | (18.1) | (10.0) | (33.2) | 240.6 | 182.1 | (258.3) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (1,032.3) | (1,365.6) | 1,169.9 | 2,143.7 | 0.0 | 0.9 | 12.5 | 6.1 | 37.1 | 54.4 |
| Inventories - Decrease/(Increase) - Cash Flow | 19.9 | 507.8 | 281.5 | 767.3 | — | 0.0 | 65.1 | 259.9 | 142.2 | (170.9) |
| Other Assets - Decrease/(Increase) - Cash Flow | 1.2 | 88.6 | (289.3) | 35.9 | (0.1) | 11.5 | 13.2 | (8.0) | (2.7) | (11.6) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 282.5 | 383.4 | 465.2 | (416.1) | (18.0) | (22.4) | (92.0) | (33.6) | 5.5 | (130.2) |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | — | — | — | — | — | 0.0 | (31.9) | 16.2 | — | — |
| Net Cash Flow from Operating Activities | 15.5 | 87.5 | 2,074.7 | 3,149.2 | (32.7) | (8.0) | (158.8) | (149.8) | (18.3) | (325.8) |
| Capital Expenditures - Net - Cash Flow | 16.7 | 209.8 | 1,903.1 | 2,397.7 | (6.1) | (0.4) | (865.8) | 6.9 | 5.5 | 34.4 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 16.7 | 209.8 | 1,903.1 | 2,397.7 | (6.1) | (0.4) | (865.8) | 6.9 | 5.5 | 34.4 |
| Property, Plant & Equipment - Purchased - Cash Flow | 16.7 | 245.5 | 1,942.4 | 2,421.5 | — | 0.0 | 3.5 | 9.7 | 5.5 | 40.9 |
| Property, Plant & Equipment Sold - Cash Flow | 0.0 | 35.7 | 39.3 | 23.7 | 6.1 | 0.4 | 869.3 | 2.8 | 0.0 | 6.5 |
| Capital Expenditures - Total | 16.7 | 245.5 | 1,942.4 | 2,421.5 | — | 0.0 | 3.5 | 9.7 | 5.5 | 40.9 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 0.0 | 41.0 | (101.4) | — | — | — | — | — | 0.0 | 620.4 |
| Investment Property excluded from Capital Expenditures - Sold/(Purchased) - Net - Cash Flow | 0.0 | 58.0 | (101.4) | — | — | — | — | — | — | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 0.0 | (17.0) | — | — | — | — | — | — | 0.0 | 620.4 |
| Investment Securities - Sold/Matured - Unclassified - Cash Flow | — | — | — | — | — | — | — | — | 0.0 | 620.4 |
| Investment Securities - Purchased - Unclassified - Cash Flow | 0.0 | 17.0 | — | — | — | — | — | — | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | 1.8 | 0.3 | 8.5 | (12.0) | 5.4 | 0.0 | 9.7 | 14.4 | (0.2) | (1.8) |
| Net Cash Flow from Investing Activities | (14.9) | (168.5) | (1,996.0) | (2,409.7) | 11.5 | 0.4 | 875.5 | 7.6 | (5.7) | 584.1 |
| Dividends Paid - Cash - Total - Cash Flow | — | — | — | — | 0.0 | 0.0 | 3.5 | — | — | — |
| Dividends - Common - Cash Paid | — | — | — | — | 0.0 | 0.0 | 3.5 | — | — | — |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | 0.0 | (5.6) | (22.0) | — | — | — | — | — | — |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | 0.0 | (5.6) | (22.0) | — | — | — | — | — | — |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | 0.0 | (5.6) | (22.0) | — | — | — | — | — | — |
| Stock - Common - Repurchased/Retired - Cash Flow | — | 0.0 | 5.6 | 22.0 | — | — | — | — | — | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 17.0 | 75.9 | (75.0) | (782.5) | 18.8 | 4.3 | (710.8) | 140.5 | 2.9 | (251.1) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 123.9 | 135.9 | (270.1) | (823.2) | 18.8 | 4.3 | (529.1) | 120.8 | 94.2 | (329.6) |
| Debt - Issued - Short-Term - Cash Flow | 136.4 | 201.1 | 109.5 | 4.2 | 18.8 | 4.3 | — | 204.5 | — | — |
| Debt - Reduced - Short-Term - Cash Flow | 12.5 | 65.1 | 379.6 | 827.4 | 0.0 | 0.0 | — | 83.7 | — | 329.6 |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (106.9) | (60.0) | 195.1 | 40.7 | 0.0 | 0.0 | (181.7) | 19.8 | (91.3) | 78.5 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (9.4) | (10.2) | — | (60.7) | — | — | — | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | — | — | 195.1 | 328.2 | — | — | — | — | — | 78.5 |
| Debt - Reduced - Long-Term - Cash Flow | 106.9 | 60.0 | — | 287.5 | 0.0 | 0.0 | — | — | — | 0.0 |
| 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 | 9.4 | 10.2 | — | 60.7 | — | — | — | — | — | — |
| Other Financing Cash Flow - Increase/(Decrease) | — | — | (0.0) | — | — | — | — | — | — | — |
| Net Cash Flow from Financing Activities | 17.0 | 75.9 | (80.6) | (804.5) | 18.8 | 4.3 | (714.3) | 140.5 | 2.9 | (251.1) |
| Net Change in Cash - Total | 17.6 | (5.1) | (1.9) | (65.0) | (2.4) | (3.2) | 2.4 | (1.7) | (21.1) | 7.2 |
| Net Cash from Continuing Operations | 17.6 | (5.1) | (1.9) | (65.0) | (2.4) | (3.2) | 2.4 | (1.7) | (21.1) | 7.2 |
| Net Cash - Beginning Balance | 0.3 | 5.5 | (1,057.8) | (992.8) | 2.5 | 5.7 | 3.3 | 5.1 | 26.1 | 18.9 |
| Net Cash - Ending Balance | 18.0 | 0.3 | (1,059.7) | (1,057.8) | 0.1 | 2.5 | 5.7 | 3.3 | 5.1 | 26.1 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 67.1 | 7.3 | 126.9 | 98.8 | (8.7) | (0.4) | (5.1) | 2.3 | 5.6 | 24.2 |
| Interest Paid - Cash Flow - Supplemental | 131.3 | 367.8 | 141.9 | 226.5 | 8.5 | 9.6 | 99.8 | 51.8 | 62.6 | 86.7 |
| CF from Optg Activities before Change in WC & Int Payments | 875.5 | 841.0 | 589.4 | 845.0 | (6.1) | 11.7 | (25.9) | (338.5) | (137.8) | 19.2 |
| Common Stock Buyback - Net | — | 0.0 | 5.6 | 22.0 | — | — | — | — | — | — |
| Depreciation, Depletion & Amortization - Cash Flow | 273.0 | 235.6 | 273.9 | 293.9 | — | — | 1.3 | 65.7 | 72.8 | 73.4 |
| Free Cash Flow to Equity | 15.8 | (46.4) | 96.6 | (31.0) | (7.8) | (3.2) | (3.9) | (16.1) | (20.8) | (611.4) |
| Free Cash Flow Net of Dividends | (1.2) | (158.0) | 132.3 | 727.8 | (32.7) | (8.0) | (165.8) | (159.4) | (23.8) | (366.8) |
| Free Cash Flow | (1.2) | (158.0) | 132.3 | 727.8 | (32.7) | (8.0) | (162.3) | (159.4) | (23.8) | (366.8) |
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.