WAVESAPP Waves Home Appliances Limited
Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 7.26 -1.22%
Quarterly · Q3 FY2021 – Q2 FY2026
Waves Home Appliances Limited (WAVESAPP) quarterly cash flow statement
Operating activities generated -Rs 7.4 mn of cash in Q2 FY2026 (Apr – Jun 2026), down 127.6% on Q2 FY2025, -13% of the starting profit. Overall, cash decreased by Rs 267.0 mn.
| Rs mn | TTM to Jun 2026 | Q2 FY2026 Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 | Q2 FY2024 Apr – Jun 2024 | Q1 FY2024 Jan – Mar 2024 | Q4 FY2023 Oct – Dec 2023 | Q3 FY2023 Jul – Sep 2023 | Q2 FY2023 Apr – Jun 2023 | Q1 FY2023 Jan – Mar 2023 | Q4 FY2022 Oct – Dec 2022 | Q3 FY2022 Jul – Sep 2022 | Q2 FY2022 Apr – Jun 2022 | Q1 FY2022 Jul – Sep 2021 | Q4 FY2021 Apr – Jun 2021 | Q3 FY2021 Jan – Mar 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 31.2 | 58.5 | 71.1 | (209.0) | 110.5 | 99.7 | 102.9 | 56.0 | 22.4 | 62.3 | 33.3 | 2.8 | 39.5 | 85.8 | 14.6 | (239.5) | 27.6 | 348.1 | 1.5 | (2.9) | (6.6) |
| Depreciation & amortisation | 304.8 | 73.1 | 67.2 | 106.7 | 57.8 | 57.8 | 57.8 | 89.2 | 49.3 | 25.1 | 74.7 | 61.0 | 67.8 | 78.4 | 66.6 | 68.9 | 84.2 | 140.8 | 0.0 | — | 0.0 |
| Net cash from operating activities | 49.7 | (7.4) | 149.1 | (3.1) | (88.9) | 26.7 | 80.8 | (310.8) | 146.6 | 3.1 | 248.5 | 355.9 | 894.2 | 981.2 | (156.6) | 482.9 | 1,193.2 | 1,473.0 | (0.2) | (19.0) | (4.3) |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | — | — | (96.3) | (8.1) | (19.9) | (0.5) | (29.2) | (258.4) | (87.7) | (23.5) | (225.3) | (442.7) | (724.5) | (594.1) | (181.2) | (359.3) | (641.9) | (1,420.3) | — | — | — |
| Net cash from investing activities | 3.4 | 86.1 | (95.7) | 24.9 | (11.8) | 0.8 | (28.8) | 69.3 | (32.0) | 1.2 | (207.0) | (532.1) | (702.2) | (584.1) | (177.7) | (371.0) | (618.4) | (1,420.3) | 0.0 | 0.0 | 0.0 |
| Financing activities | |||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.0 | — |
| Borrowings raised / (repaid) | (64.5) | (345.7) | 202.8 | (5.6) | 83.9 | (17.7) | (43.7) | (612.0) | 701.3 | 21.3 | (34.7) | 114.2 | 236.9 | (186.2) | (239.8) | (537.3) | (233.0) | (12.2) | 0.4 | 18.9 | 3.3 |
| Net cash from financing activities | (64.5) | (345.7) | 202.8 | (5.6) | 83.9 | (17.7) | (43.7) | (612.0) | 701.3 | 13.0 | (26.4) | 114.2 | 231.3 | (198.2) | (227.9) | (115.4) | (741.1) | 52.1 | 0.4 | 18.9 | 3.3 |
| Net change in cash | (11.4) | (267.0) | 256.2 | 16.3 | (16.8) | 9.8 | 8.4 | (853.5) | 816.0 | 17.3 | 15.1 | (62.0) | 423.3 | 198.9 | (562.2) | (3.6) | (166.4) | 104.7 | 0.2 | (0.1) | (1.0) |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | — | 52.8 | (11.2) | (108.9) | 26.2 | 51.6 | (569.2) | 59.0 | (20.4) | 23.3 | (86.7) | 169.7 | 387.1 | (337.8) | 123.6 | 551.3 | 52.7 | — | — | — |
| Rs mn | Q2 FY2026 Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 | Q2 FY2024 Apr – Jun 2024 | Q1 FY2024 Jan – Mar 2024 | Q4 FY2023 Oct – Dec 2023 | Q3 FY2023 Jul – Sep 2023 | Q2 FY2023 Apr – Jun 2023 | Q1 FY2023 Jan – Mar 2023 | Q4 FY2022 Oct – Dec 2022 | Q3 FY2022 Jul – Sep 2022 | Q2 FY2022 Apr – Jun 2022 | Q1 FY2022 Jul – Sep 2021 | Q4 FY2021 Apr – Jun 2021 | Q3 FY2021 Jan – Mar 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | -41.3% | -31.0% | -473.1% | +393.7% | +60.0% | +209.2% | +1,922.0% | -43.4% | -27.3% | +127.4% | — | +43.1% | -75.4% | +859.5% | — | — | — | — | — | — |
| Depreciation & amortisation | +26.5% | +16.2% | +19.6% | +17.3% | +130.2% | -22.6% | +46.2% | -27.4% | -68.0% | +12.1% | -11.4% | -19.4% | -44.3% | — | — | — | — | — | — | -100.0% |
| Net cash from operating activities | -127.6% | +84.5% | — | -160.7% | +761.1% | -67.5% | -187.3% | -83.6% | -99.7% | — | -26.3% | -25.1% | -33.4% | — | — | — | +218,559.8% | — | — | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | — | +229.3% | -96.9% | -77.3% | -98.0% | -87.0% | -41.6% | -87.9% | -96.0% | +24.3% | +23.2% | +12.9% | -58.2% | — | — | — | — | — | — | — |
| Net cash from investing activities | +11,211.4% | — | -64.0% | — | -35.9% | — | — | — | — | — | — | — | — | — | — | — | — | -100.0% | — | -100.0% |
| Financing activities | ||||||||||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Borrowings raised / (repaid) | — | — | — | -88.0% | -183.0% | — | -636.1% | +196.0% | — | — | — | — | — | -55,226.3% | -2,938.7% | -7,162.1% | — | — | +1,923.1% | +10.0% |
| Net cash from financing activities | — | — | — | -88.0% | -236.1% | — | -636.1% | +203.2% | — | — | — | — | -480.7% | -52,481.3% | -709.9% | -22,558.5% | — | — | +1,923.1% | +10.3% |
| Net change in cash | -2,826.7% | +2,953.4% | — | -102.1% | -43.3% | -44.6% | — | +92.8% | -91.3% | — | — | — | +89.9% | -239,116.4% | — | — | +15,448.1% | — | — | -165.0% |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | — | +2.4% | — | -284.6% | — | +121.7% | — | -65.3% | -105.3% | — | -170.2% | -69.2% | +634.7% | — | — | — | — | — | — | — |
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 60
| Rs mn | Q2 FY2026 Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 | Q2 FY2024 Apr – Jun 2024 | Q1 FY2024 Jan – Mar 2024 | Q4 FY2023 Oct – Dec 2023 | Q3 FY2023 Jul – Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 58.5 | 71.1 | (209.0) | 110.5 | 99.7 | 102.9 | 56.0 | 22.4 | 62.3 | 33.3 | 2.8 | 39.5 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 140.6 | 157.9 | 574.5 | 62.7 | 86.3 | 114.9 | 220.9 | 167.0 | 130.8 | 155.6 | 37.3 | 66.4 |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | (202.9) | (35.8) | 329.8 | (73.1) | 19.5 | (35.2) | (256.4) | 10.8 | 110.2 | (0.6) | (12.4) | (87.2) |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 291.8 | 126.6 | 380.6 | 81.0 | 151.7 | 92.8 | 377.3 | 111.6 | 16.7 | 99.7 | 25.1 | 100.3 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 73.1 | 67.2 | 106.7 | 57.8 | 57.8 | 57.8 | 90.1 | 49.3 | 25.1 | 74.7 | 61.0 | 67.8 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 64.7 | 58.8 | 98.3 | 49.4 | 49.4 | 49.4 | 80.1 | 41.6 | 16.7 | 66.3 | 48.8 | 64.4 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 8.4 | 8.4 | 8.4 | 8.4 | 8.4 | 8.4 | 9.1 | 7.7 | 8.4 | 8.4 | 12.2 | 3.5 |
| Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile | — | — | — | — | — | — | 0.9 | — | — | — | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (2.5) | 0.0 | 2.3 | (3.1) | (4.5) | (0.5) | 12.1 | (4.6) | (21.2) | (18.2) | (2.8) | (14.6) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | (18.9) | — | (244.8) | 0.0 | (138.1) | — | (2.2) | — | — | — | (33.6) | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 32.3 | 10.8 | 64.0 | 22.2 | (25.3) | 6.2 | 40.9 | (12.8) | 14.9 | (35.6) | 93.3 | 8.8 |
| Interest Paid - Cash | 8.7 | 18.4 | 50.7 | 23.3 | 47.3 | 9.9 | 151.0 | 2.2 | 214.6 | — | 141.9 | 100.3 |
| Interest & Dividends - Received - Total - Cash Flow | — | — | — | — | — | — | — | — | — | — | 348.6 | — |
| Cash Flow from Operating Activities before Changes in Working Capital | 158.2 | 199.7 | 250.9 | 127.6 | 164.0 | 201.6 | 85.1 | 200.0 | (36.3) | 224.5 | 153.4 | (3.2) |
| Working Capital - Increase/(Decrease) - Cash Flow | (165.5) | (50.6) | (253.9) | (216.6) | (137.3) | (120.8) | (395.9) | (53.3) | 39.4 | 24.0 | 202.5 | 897.4 |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (312.8) | (93.0) | (670.7) | (58.4) | 159.8 | (463.0) | (310.3) | (411.6) | (723.2) | 79.5 | (616.3) | 653.8 |
| Inventories - Decrease/(Increase) - Cash Flow | (316.2) | 4.3 | (61.6) | 44.6 | (67.5) | 104.4 | (54.3) | 76.5 | 388.0 | 97.6 | 121.6 | 35.7 |
| Other Assets - Decrease/(Increase) - Cash Flow | (113.1) | 67.4 | 64.3 | (56.5) | (27.2) | 20.6 | (240.3) | 337.7 | 12.6 | (21.4) | 370.0 | 59.3 |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | 576.5 | (29.3) | 414.1 | (146.3) | (202.5) | 217.1 | 209.1 | (56.0) | 362.0 | (131.7) | 327.3 | 148.6 |
| Net Cash Flow from Operating Activities | (7.4) | 149.1 | (3.1) | (88.9) | 26.7 | 80.8 | (310.8) | 146.6 | 3.1 | 248.5 | 355.9 | 894.2 |
| Capital Expenditures - Net - Cash Flow | (86.6) | 96.3 | (23.1) | 11.8 | (0.8) | 28.8 | (28.0) | 32.0 | (1.2) | 207.0 | 439.2 | 702.2 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | (86.6) | 96.3 | (23.1) | 11.8 | (0.8) | 28.8 | (28.0) | 32.0 | (1.2) | 207.0 | 439.2 | 702.2 |
| Property, Plant & Equipment - Purchased - Cash Flow | — | 96.3 | 8.1 | 19.9 | 0.5 | 29.2 | 258.4 | 87.7 | 23.5 | 225.3 | 442.7 | 724.5 |
| Property, Plant & Equipment Sold - Cash Flow | 86.6 | 0.0 | 31.2 | 8.1 | 1.2 | 0.5 | 286.4 | 55.7 | 24.7 | 18.2 | 3.5 | 22.3 |
| Capital Expenditures - Total | — | 96.3 | 8.1 | 19.9 | 0.5 | 29.2 | 258.4 | 87.7 | 23.5 | 225.3 | 442.7 | 724.5 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | — | — | — | — | — | — | 41.0 | — | — | — | (101.4) | — |
| Investment Property excluded from Capital Expenditures - Sold/(Purchased) - Net - Cash Flow | — | — | — | — | — | — | 58.0 | — | — | — | (101.4) | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | — | — | — | — | — | — | (17.0) | — | — | — | — | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | — | — | — | — | — | 17.0 | — | — | — | — | — |
| Other Investing Cash Flow - Decrease/(Increase) | (0.5) | 0.5 | 1.8 | — | (0.0) | 0.0 | 0.3 | (0.0) | — | — | 8.5 | — |
| Net Cash Flow from Investing Activities | 86.1 | (95.7) | 24.9 | (11.8) | 0.8 | (28.8) | 69.3 | (32.0) | 1.2 | (207.0) | (532.1) | (702.2) |
| Stock - Total - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | — | — | — | — | (5.6) | — |
| Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow | — | — | — | — | — | — | — | — | — | — | (5.6) | — |
| Stock - Common - Issuance/(Retirement) - Net - Cash Flow | — | — | — | — | — | — | — | — | — | — | (5.6) | — |
| Stock - Common - Repurchased/Retired - Cash Flow | — | — | — | — | — | — | — | — | — | — | 5.6 | — |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (345.7) | 202.8 | (5.6) | 83.9 | (17.7) | (43.7) | (612.0) | 701.3 | 21.3 | (34.7) | 114.2 | 236.9 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (85.1) | 235.1 | 30.5 | 93.4 | 36.4 | (36.4) | (592.5) | 925.8 | (130.2) | (67.2) | 351.8 | (221.1) |
| Debt - Issued - Short-Term - Cash Flow | — | — | 43.0 | 93.4 | 36.4 | — | 112.1 | 925.8 | — | 1.2 | 351.8 | — |
| Debt - Reduced - Short-Term - Cash Flow | — | — | 12.5 | — | — | — | 704.6 | — | — | 68.4 | — | — |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (260.6) | (32.2) | (36.1) | (9.4) | (54.0) | (7.3) | (19.6) | (224.5) | 151.5 | 32.6 | (237.6) | 458.0 |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (0.9) | (2.0) | (1.0) | (2.9) | (3.6) | (1.9) | (1.8) | (4.5) | (2.0) | (2.0) | 5.5 | (5.7) |
| Debt - Issued - Long-Term - Cash Flow | — | — | — | 9.7 | — | — | 8.4 | — | — | — | 200.5 | — |
| Lease liabilities - Issued - Cash flow | — | — | — | — | — | — | 8.4 | — | — | — | 5.5 | — |
| Debt - Reduced - Long-Term - Cash Flow | 260.6 | 32.2 | 36.1 | 19.1 | 54.0 | 7.3 | 28.0 | — | — | — | 438.2 | — |
| 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 | 2.0 | 1.0 | 2.9 | 3.6 | 1.9 | 10.2 | — | — | — | — | — |
| Other Financing Cash Flow - Increase/(Decrease) | — | — | — | (0.0) | 0.0 | — | — | 0.0 | (8.3) | 8.3 | 5.6 | (5.6) |
| Net Cash Flow from Financing Activities | (345.7) | 202.8 | (5.6) | 83.9 | (17.7) | (43.7) | (612.0) | 701.3 | 13.0 | (26.4) | 114.2 | 231.3 |
| Net Change in Cash - Total | (267.0) | 256.2 | 16.3 | (16.8) | 9.8 | 8.4 | (853.5) | 816.0 | 17.3 | 15.1 | (62.0) | 423.3 |
| Net Cash from Continuing Operations | (267.0) | 256.2 | 16.3 | (16.8) | 9.8 | 8.4 | (853.5) | 816.0 | 17.3 | 15.1 | (62.0) | 423.3 |
| Net Cash - Beginning Balance | 274.2 | 18.0 | 1.7 | 18.5 | 8.7 | (141.6) | 853.8 | (1,027.3) | (1,044.6) | (1,059.7) | (997.7) | (1,421.0) |
| Net Cash - Ending Balance | 7.2 | 274.2 | 18.0 | 1.7 | 18.5 | (133.2) | 0.3 | (211.3) | (1,027.3) | (1,044.6) | (1,059.7) | (997.7) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 32.3 | 10.8 | 64.0 | 22.2 | (25.3) | 6.2 | 40.9 | (12.8) | 14.9 | (35.6) | 93.3 | 8.8 |
| Interest Paid - Cash Flow - Supplemental | 8.7 | 18.4 | 50.7 | 23.3 | 47.3 | 9.9 | 151.0 | 2.2 | 214.6 | — | 141.9 | 100.3 |
| Interest & Dividends - Received - Cash Flow - Supplemental | — | — | — | — | — | — | — | — | — | — | 348.6 | — |
| CF from Optg Activities before Change in WC & Int Payments | 166.8 | 218.1 | 301.6 | 150.9 | 211.4 | 211.6 | 236.1 | 202.2 | 178.3 | 224.5 | 295.3 | 97.1 |
| Common Stock Buyback - Net | — | — | — | — | — | — | — | — | — | — | 5.6 | — |
| Depreciation, Depletion & Amortization - Cash Flow | 73.1 | 67.2 | 106.7 | 57.8 | 57.8 | 57.8 | 89.2 | 49.3 | 25.1 | 74.7 | 61.0 | 67.8 |
| Free Cash Flow to Equity | (266.5) | 255.7 | 14.5 | (16.8) | 9.8 | 8.4 | (894.8) | 816.0 | 25.6 | 6.8 | 30.9 | 428.9 |
| Free Cash Flow Net of Dividends | (7.4) | 52.8 | (11.2) | (108.9) | 26.2 | 51.6 | (569.2) | 59.0 | (20.4) | 23.3 | (86.7) | 169.7 |
| Free Cash Flow | (7.4) | 52.8 | (11.2) | (108.9) | 26.2 | 51.6 | (569.2) | 59.0 | (20.4) | 23.3 | (86.7) | 169.7 |
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.