Zarea Limited (ZAL) cash flow statement

Overall, cash increased by Rs 34.7 mn.

ZAL cash flow statement (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023
Operating activities
Profit (cash-flow starting line, as reported)	1,443.4	671.1	291.7	103.7
Depreciation & amortisation	—	11.2	2.6	1.2
Net cash from operating activities	—	(298.3)	(28.9)	31.9
Investing activities
Capital expenditure	—	(150.4)	(34.0)	(10.6)
Net cash from investing activities	—	(494.7)	(36.0)	(22.6)
Financing activities
Borrowings raised / (repaid)	13.7	44.5	(83.5)	30.0
Net cash from financing activities	713.7	1,023.0	91.4	30.0
Net change in cash	34.7	230.1	26.6	39.3
Key figures
Free cash flow (operating cash flow − capex)	—	(448.7)	(62.9)	21.3

ZAL cash flow statement — year-on-year change (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023
Operating activities
Profit (cash-flow starting line, as reported)	+115.1%	+130.1%	+181.3%	—
Depreciation & amortisation	—	+326.8%	+122.0%	—
Net cash from operating activities	—	—	-190.5%	—
Investing activities
Capital expenditure	—	+342.3%	+222.0%	—
Net cash from investing activities	—	—	—	—
Financing activities
Borrowings raised / (repaid)	-69.1%	—	-378.3%	—
Net cash from financing activities	-30.2%	+1,018.8%	+204.8%	—
Net change in cash	-84.9%	+765.3%	-32.4%	—
Key figures
Free cash flow (operating cash flow − capex)	—	—	-394.8%	—

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 47

ZAL cash flow statement — all reported line items (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023
Profit/(Loss) - Starting Line - Cash Flow	1,443.4	671.1	291.7	103.7
Non-cash Items & Reconciliation Adjustments - Cash Flow	38.1	(739.5)	(31.8)	8.9
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile	(32.6)	(753.9)	(34.5)	7.6
Financial Income/(Expense) - Cash Flow - to Reconcile	70.8	3.3	0.1	0.1
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile	—	11.2	2.6	1.2
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile	—	11.2	2.6	1.2
Cash Flow from Operating Activities before Changes in Working Capital	—	(68.4)	259.9	112.5
Working Capital - Increase/(Decrease) - Cash Flow	(154.5)	(229.9)	(288.7)	(80.6)
Accounts Receivables - Decrease/(Increase) - Cash Flow	—	(309.5)	(103.8)	11.1
Inventories - Decrease/(Increase) - Cash Flow	(354.3)	—	—	—
Prepaid Expenses - Decrease/(Increase) - Cash Flow	—	(0.8)	(184.5)	(72.5)
Taxes Payable - Increase/(Decrease) - Cash Flow	—	(0.6)	(2.7)	0.0
Other Liabilities - Increase/(Decrease) -Total - Cash Flow	(6.5)	(2.8)	(0.1)	(0.1)
Accounts Payable - Increase/(Decrease) - Cash Flow	206.2	83.8	2.4	(19.2)
Net Cash Flow from Operating Activities	—	(298.3)	(28.9)	31.9
Capital Expenditures - Net - Cash Flow	—	150.4	34.0	10.6
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow	—	125.3	15.4	7.0
Property, Plant & Equipment - Purchased - Cash Flow	—	125.3	15.4	7.0
Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow	—	25.1	18.6	3.6
Intangible Assets - Purchased/Acquired - Cash Flow	—	25.1	18.6	3.6
Capital Expenditures - Total	—	150.4	34.0	10.6
Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow	—	—	0.3	0.0
Investments excluding Loans - Decrease/(Increase) - Cash Flow	(1,240.8)	(344.2)	0.0	(12.0)
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow	(1,240.8)	(344.2)	0.0	(12.0)
Investment Securities - Purchased - Unclassified - Cash Flow	1,240.8	344.2	0.0	12.0
Other Investing Cash Flow - Decrease/(Increase)	—	0.0	(2.2)	0.0
Net Cash Flow from Investing Activities	—	(494.7)	(36.0)	(22.6)
Stock - Total - Issuance/(Retirement) - Net - Cash Flow	0.0	62.5	180.0	0.0
Stock - Issuance/(Retirement) - Net - Excluding Options/Warrants - Cash Flow	0.0	62.5	180.0	0.0
Stock - Common - Issuance/(Retirement) - Net - Cash Flow	0.0	62.5	180.0	0.0
Stock - Common - Issued/Sold - Cash Flow	0.0	62.5	180.0	0.0
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow	13.7	44.5	(83.5)	30.0
Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow	—	0.0	(83.5)	30.0
Debt - Issued/Reduced - Long-Term - Cash Flow	13.7	44.5	—	—
Debt - Issued - Long-Term - Cash Flow	13.7	44.5	—	—
Other Financing Cash Flow - Increase/(Decrease)	0.0	916.0	(5.1)	0.0
Net Cash Flow from Financing Activities	713.7	1,023.0	91.4	30.0
Net Change in Cash - Total	34.7	230.1	26.6	39.3
Net Cash from Continuing Operations	—	230.1	26.6	39.3
Net Cash - Beginning Balance	324.1	93.0	67.4	28.1
Net Cash - Ending Balance	356.8	323.1	94.0	67.4
CF from Optg Activities before Change in WC & Int Payments	—	(68.4)	259.9	112.5
Common Stock Buyback - Net	0.0	(62.5)	(180.0)	0.0
Depreciation, Depletion & Amortization - Cash Flow	—	11.2	2.6	1.2
Free Cash Flow to Equity	—	(404.3)	(146.4)	51.3
Free Cash Flow Net of Dividends	—	(448.7)	(62.9)	21.3
Free Cash Flow	—	(448.7)	(62.9)	21.3

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 4 periods; the table above goes back further.