Cash flow Orient Rental Modaraba

Stocks

ORM

PK0116401016

Corporate Financial Services

End-of-day quote Pakistan S.E. 2026-08-19			5-day change	1st Jan Change
10.97 ^PKR	-1.97%		-4.77%	-10.81%

04-28	Orient Rental Modaraba Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2026	CI
02-17	Orient Rental Modaraba Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2025	CI

19f1f3267a374c.DVrzmhAp7yJ04bpL6dAxzyt3buILizSu4W7Gn9Ah1v4.NQ646mlClXYSi48Nmv1w-RhDC6VG5w3biiuw7qdFhrRcMJerVHCweDu41Q

Published financial data: ORIENT RENTAL MODARABA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	856M	1.09B	1.08B	1.25B	1.39B
Other Revenues, Total	496M	601M	683M	867M	1.07B
Total Revenues	1.35B	1.69B	1.76B	2.12B	2.46B
Cost of Goods Sold, Total	1.01B	1.25B	1.27B	1.54B	1.84B
Gross Profit	338M	437M	489M	578M	612M
Selling General & Admin Expenses, Total	74.93M	87.66M	91.05M	110M	107M
Provision for Bad Debts	-	-	22.93M	-	2.75M
Other Operating Expenses	-1.66M	16.76M	4.31M	40.5M	48.56M
Other Operating Expenses, Total	73.27M	104M	118M	150M	158M
Operating Income	264M	332M	370M	428M	454M
Interest Expense, Total	-62.74M	-65.33M	-92M	-119M	-112M
Interest And Investment Income	4.74M	-	24.89M	50.82M	18.66M
Net Interest Expenses	-58M	-65.33M	-67.11M	-68.31M	-93.19M
Currency Exchange Gains (Loss)	-	-79.74K	-14.89M	2.66M	-1.37M
Other Non Operating Income (Expenses)	-261K	6.92M	-216K	-318K	4.06M
EBT, Excl. Unusual Items	206M	274M	288M	362M	363M
Gain (Loss) On Sale Of Assets	-16.45M	7.3M	148K	3.18M	13.47M
Asset Writedown	-4.46M	-	-	-	-
EBT, Incl. Unusual Items	185M	281M	288M	365M	377M
Income Tax Expense	28.74M	111M	101M	147M	163M
Earnings From Continuing Operations	156M	170M	188M	218M	214M
Net Income to Company	156M	170M	188M	218M	214M
Net Income - (IS)	156M	170M	188M	218M	214M
Net Income to Common Incl Extra Items	156M	170M	188M	218M	214M
Net Income to Common Excl. Extra Items	156M	170M	188M	218M	214M
Per Share Items
Net EPS - Basic	2.09	2.27	2.5	2.91	2.85
Basic EPS - Continuing Operations	2.09	2.27	2.5	2.91	2.85
Basic Weighted Average Shares Outstanding	75M	75M	75M	75M	75M
Net EPS - Diluted	2.09	2.27	2.5	2.91	2.85
Diluted EPS - Continuing Operations	2.09	2.27	2.5	2.91	2.85
Diluted Weighted Average Shares Outstanding	75M	75M	75M	75M	75M
Normalized Basic EPS	1.72	2.28	2.4	3.01	3.03
Normalized Diluted EPS	1.72	2.28	2.4	3.01	3.03
Dividend Per Share	1	-	1	1.2	1.2
Payout Ratio	8.62	44.14	0	34.27	41.95
Supplemental Items
EBITDA	453M	556M	540M	586M	704M
EBITA	264M	332M	370M	428M	454M
EBIT	264M	332M	370M	428M	454M
EBITDAR	-	-	-	592M	-
Total Revenues (As Reported)	1.35B	1.69B	1.76B	2.12B	2.46B
Effective Tax Rate - (Ratio)	15.52	39.45	34.96	40.15	43.19
Current Domestic Taxes	-	88.19M	94M	138M	167M
Total Current Taxes	-	88.19M	94M	138M	167M
Deferred Domestic Taxes	28.74M	22.64M	6.77M	8.43M	-4.41M
Total Deferred Taxes	28.74M	22.64M	6.77M	8.43M	-4.41M
Normalized Net Income	129M	171M	180M	226M	227M
Interest on Long-Term Debt	62.74M	65.33M	92M	119M	112M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	344K	443K	55K	233K	1.1M
Selling and Marketing Expenses	344K	443K	55K	233K	1.1M
General and Administrative Expenses	70.81M	81.48M	85.11M	101M	97.26M
Net Rental Expense, Total	-	-	-	6.15M	-
Imputed Operating Lease Interest Expense	-	-	-	11.49M	-
Imputed Operating Lease Depreciation	-	-	-	-5.34M	-

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	166M	74.54M	246M	256M	194M
Total Cash And Short Term Investments	166M	74.54M	246M	256M	194M
Accounts Receivable, Total	213M	284M	283M	332M	395M
Other Receivables	38.5M	180M	146M	148M	170M
Notes Receivable	4.08M	5.74M	6.02M	4.94M	15.31M
Total Receivables	256M	469M	434M	486M	581M
Inventory	71.12M	86.07M	74.45M	154M	235M
Prepaid Expenses	-	-	3.44M	9.08M	2.4M
Other Current Assets, Total	127M	13.22M	30.33M	17.28M	50.58M
Total Current Assets	620M	643M	789M	923M	1.06B
Gross Property Plant And Equipment	-	-	-	2.5B	2.83B
Accumulated Depreciation	-	-	-	-1.1B	-1.26B
Net Property Plant And Equipment	1.45B	1.4B	1.39B	1.4B	1.56B
Other Intangibles, Total	476K	56.5K	0	-	-
Loans Receivable Long-Term	-	-	-	4.64M	26.86M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	4.7M	4.7M	5.03M	5.03M	5.03M
Total Assets	2.08B	2.05B	2.18B	2.33B	2.66B
Liabilities
Accounts Payable, Total	-	-	87.63M	187M	180M
Accrued Expenses, Total	70.41M	96.74M	170M	220M	246M
Short-term Borrowings	-	-	-	-	50M
Current Portion of Long-Term Debt	292M	266M	177M	130M	158M
Current Portion of Leases	1.18M	14.78M	10.53M	17M	25.06M
Current Income Taxes Payable	-	15.44M	-	4.04M	-
Unearned Revenue Current, Total	-	-	4.94M	13.51M	3.87M
Other Current Liabilities	290M	375M	14.17M	20.41M	6.95M
Total Current Liabilities	654M	768M	464M	591M	669M
Long-Term Debt	422M	165M	332M	209M	364M
Long-Term Leases	-	1.3M	76.92M	68.11M	40.94M
Deferred Tax Liability Non Current	28.74M	51.38M	58.15M	66.58M	62.18M
Total Liabilities	1.1B	986M	931M	935M	1.14B
Common Stock, Total	750M	750M	750M	750M	750M
Retained Earnings	221M	316M	503M	647M	771M
Total Common Equity	971M	1.07B	1.25B	1.4B	1.52B
Total Equity	971M	1.07B	1.25B	1.4B	1.52B
Total Liabilities And Equity	2.08B	2.05B	2.18B	2.33B	2.66B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	75M	75M	75M	75M	75M
ECS Total Common Shares Outstanding	75M	75M	75M	75M	75M
Book Value / Share	12.94	14.21	16.71	18.62	20.27
Tangible Book Value	970M	1.07B	1.25B	1.4B	1.52B
Tangible Book Value Per Share	12.94	14.21	16.71	18.62	20.27
Total Debt	715M	447M	596M	424M	637M
Net Debt	549M	373M	350M	167M	443M
Debt Equivalent Oper. Leases	-	-	-	49.2M	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Others	71.12M	86.07M	91.26M	171M	235M
Machinery, Total	-	-	-	2.28B	2.65B
Full Time Employees	1.24K	1.35K	1.3K	1.4K	1.6K
Accumulated Allowance for Doubtful Accounts (Supple)	52.88M	21.21M	30.01M	30.01M	32.76M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	156M	170M	188M	218M	214M
Depreciation & Amortization - CF	188M	224M	187M	181M	272M
Depreciation & Amortization, Total	188M	224M	187M	181M	272M
Amortization of Deferred Charges, Total - (CF)	363K	419K	56.5K	-	-
(Gain) Loss From Sale Of Asset	16.45M	-7.3M	-148K	-3.18M	-13.47M
(Gain) Loss on Sale of Investments - (CF)	-	-	22.93M	-	2.75M
Asset Writedown & Restructuring Costs	4.46M	-	-	-	-
Provision for Credit Losses	-	-	-	-	1.04M
Provision and Write-off of Bad Debts	-4.43M	12.56M	-	-	-
Other Operating Activities, Total	57.66M	33.79M	-30.89M	-148M	-406M
Change In Accounts Receivable	-12.87M	-82.69M	-21.9M	-49.78M	-65.66M
Change In Inventories	-19.31M	-14.95M	-5.19M	-79.6M	-96.47M
Change In Accounts Payable	16.07M	109M	-223M	146M	-53.19M
Change in Unearned Revenues	-	-	-882K	8.57M	-9.64M
Change in Other Net Operating Assets	6.62M	-29.74M	10.88M	-2.78M	-14.05M
Cash from Operations	410M	415M	126M	271M	-168M
Capital Expenditure	-507M	-170M	-13.56M	-44.7M	-30.25M
Sale of Property, Plant, and Equipment	46.6M	27.46M	988K	7.34M	8.58M
Sale (Purchase) of Intangible assets	-838K	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	1.96M
Other Investing Activities, Total	4.31M	7.58M	-	51.16M	15.22M
Cash from Investing	-457M	-135M	-12.57M	13.79M	-4.5M
Short Term Debt Issued, Total	-	-	-	-	50M
Long-Term Debt Issued, Total	250M	9.36M	340M	-	300M
Total Debt Issued	250M	9.36M	340M	-	350M
Long-Term Debt Repaid, Total	-42.07M	-305M	-282M	-200M	-149M
Total Debt Repaid	-42.07M	-305M	-282M	-200M	-149M
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-13.49M	-75.1M	-1.39K	-74.83M	-89.78M
Common & Preferred Stock Dividends Paid	-13.49M	-75.1M	-1.39K	-74.83M	-89.78M
Cash from Financing	194M	-371M	58.28M	-275M	111M
Net Change in Cash	147M	-91.67M	172M	10M	-62.01M
Supplemental Items
Cash Interest Paid	64.46M	68.51M	-	120M	99.45M
Cash Income Tax Paid (Refund)	-31.34M	72.75M	97.68M	130M	152M
Levered Free Cash Flow	-174M	233M	163M	374M	246M
Unlevered Free Cash Flow	-134M	274M	220M	448M	316M
Change In Net Working Capital	-19.47M	-12.71M	185M	-44.49M	210M
Net Debt Issued / Repaid	208M	-296M	58.28M	-200M	201M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	8.81	10.06	10.93	11.84	11.37
Return on Total Capital	10.94	12.98	13.77	14.57	14.26
Return On Equity %	17.4	16.71	16.17	16.48	14.67
Return on Common Equity	17.4	16.71	16.17	16.48	14.67
Margin Analysis
Gross Profit Margin %	24.98	25.85	27.73	27.22	24.91
SG&A Margin	5.54	5.19	5.17	5.16	4.35
EBITDA Margin %	33.48	32.9	30.66	27.62	28.65
EBITA Margin %	19.56	19.67	21.02	20.15	18.47
EBIT Margin %	19.56	19.67	21.02	20.15	18.47
Income From Continuing Operations Margin %	11.58	10.07	10.64	10.29	8.71
Net Income Margin %	11.58	10.07	10.64	10.29	8.71
Net Avail. For Common Margin %	11.58	10.07	10.64	10.29	8.71
Normalized Net Income Margin	9.53	10.13	10.22	10.65	9.24
Levered Free Cash Flow Margin	-12.85	13.81	9.23	17.61	10
Unlevered Free Cash Flow Margin	-9.95	16.23	12.49	21.11	12.84
Asset Turnover
Asset Turnover	0.72	0.82	0.83	0.94	0.99
Fixed Assets Turnover	1.02	1.18	1.26	1.52	1.66
Receivables Turnover (Average Receivables)	4.18	4.38	3.81	4.08	3.81
Inventory Turnover (Average Inventory)	16.49	15.93	15.86	13.52	9.49
Short Term Liquidity
Current Ratio	0.95	0.84	1.7	1.56	1.59
Quick Ratio	0.64	0.7	1.45	1.25	1.14
Operating Cash Flow to Current Liabilities	0.63	0.54	0.27	0.46	-0.25
Days Sales Outstanding (Average Receivables)	87.38	83.4	95.74	89.69	95.79
Days Outstanding Inventory (Average Inventory)	22.13	22.91	23.01	27.07	38.45
Average Days Payable Outstanding	-	-	60.71	30.97	34.78
Cash Conversion Cycle (Average Days)	-	-	58.04	85.79	99.47
Long Term Solvency
Total Debt/Equity	73.7	41.95	47.58	30.33	41.91
Total Debt / Total Capital	42.43	29.56	32.24	23.27	29.53
LT Debt/Equity	43.49	15.65	32.62	19.84	26.61
Long-Term Debt / Total Capital	25.04	11.02	22.1	15.22	18.75
Total Liabilities / Total Assets	53.23	48.06	42.63	40.1	42.76
EBIT / Interest Expense	4.21	5.08	4.03	3.59	4.06
EBITDA / Interest Expense	7.21	8.51	6.06	5.11	6.49
(EBITDA - Capex) / Interest Expense	-0.86	5.9	5.91	4.73	6.22
Total Debt / EBITDA	1.58	0.8	1.07	0.7	0.88
Net Debt / EBITDA	1.21	0.67	0.63	0.27	0.61
Total Debt / (EBITDA - Capex)	-13.19	1.16	1.1	0.75	0.92
Net Debt / (EBITDA - Capex)	-10.12	0.97	0.64	0.3	0.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.4	24.96	4.32	20.46	15.77
Gross Profit, 1 Yr. Growth %	55.83	29.3	11.22	18.24	5.91
EBITDA, 1 Yr. Growth %	42.55	22.8	-0.34	8.9	20.11
EBITA, 1 Yr. Growth %	79.42	25.63	11.5	16.08	6.09
EBIT, 1 Yr. Growth %	79.92	25.63	11.5	16.08	6.09
Earnings From Cont. Operations, 1 Yr. Growth %	416.31	8.74	10.21	16.46	-2.01
Net Income, 1 Yr. Growth %	416.31	8.74	10.21	16.46	-2.01
Normalized Net Income, 1 Yr. Growth %	202.55	32.77	5.29	26.37	0.42
Diluted EPS Before Extra, 1 Yr. Growth %	416.31	8.74	10.21	16.46	-2.01
Accounts Receivable, 1 Yr. Growth %	8.82	32.85	-0.36	17.62	18.93
Inventory, 1 Yr. Growth %	37.27	21.02	-13.5	106.92	52.35
Net Property, Plant and Equip., 1 Yr. Growth %	20.95	-3.15	-0.96	0.64	11.64
Total Assets, 1 Yr. Growth %	23.73	-1.13	6.47	6.73	13.95
Tangible Book Value, 1 Yr. Growth %	17.2	9.85	17.6	11.44	8.88
Common Equity, 1 Yr. Growth %	17.25	9.8	17.59	11.44	8.88
Cash From Operations, 1 Yr. Growth %	104.33	1.23	-51.6	159.59	-161.14
Capital Expenditures, 1 Yr. Growth %	71.44	-66.41	104.13	229.71	-32.33
Levered Free Cash Flow, 1 Yr. Growth %	64.93	-234.32	-59.03	131.55	-34.27
Unlevered Free Cash Flow, 1 Yr. Growth %	115.06	-303.89	-49.72	104.74	-29.59
Dividend Per Share, 1 Yr. Growth %	455.56	-	-	20	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.96	20.6	14.18	12.1	18.09
Gross Profit, 2 Yr. CAGR %	17.45	41.94	20.3	14.68	11.91
EBITDA, 2 Yr. CAGR %	27.06	32.31	9.25	3.99	14.37
EBITA, 2 Yr. CAGR %	27.9	50.14	18.36	13.47	10.97
EBIT, 2 Yr. CAGR %	27.9	50.34	18.36	13.47	10.97
Earnings From Cont. Operations, 2 Yr. CAGR %	23.41	136.94	9.47	13.29	6.83
Net Income, 2 Yr. CAGR %	23.41	136.94	9.47	13.29	6.83
Normalized Net Income, 2 Yr. CAGR %	41.78	100.42	18.23	14.97	12.65
Diluted EPS Before Extra, 2 Yr. CAGR %	23.41	136.94	9.47	13.29	6.83
Accounts Receivable, 2 Yr. CAGR %	12.47	20.24	15.05	8.25	18.27
Inventory, 2 Yr. CAGR %	63.42	28.89	2.31	33.78	77.55
Net Property, Plant and Equip., 2 Yr. CAGR %	10.1	8.23	-2.06	-0.16	6
Total Assets, 2 Yr. CAGR %	13.62	10.6	2.6	6.6	10.28
Tangible Book Value, 2 Yr. CAGR %	5.47	13.46	13.66	14.48	10.15
Common Equity, 2 Yr. CAGR %	5.47	13.47	13.63	14.48	10.15
Cash From Operations, 2 Yr. CAGR %	-	43.82	-44.5	1.93	27.05
Capital Expenditures, 2 Yr. CAGR %	-	-24.11	-83.64	159.43	49.37
Levered Free Cash Flow, 2 Yr. CAGR %	-	48.84	-3.24	-2.96	23.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	109.4	27.96	1.19	20.06
Dividend Per Share, 2 Yr. CAGR %	0	-	0	-	9.54
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.89	9.83	14.91	16.23	13.31
Gross Profit, 3 Yr. CAGR %	11.95	21.28	31.13	19.61	11.68
EBITDA, 3 Yr. CAGR %	15.46	25.62	19.38	9	9.11
EBITA, 3 Yr. CAGR %	19.15	27.14	35.96	17.39	10.96
EBIT, 3 Yr. CAGR %	19.15	27.14	36.09	17.39	10.96
Earnings From Cont. Operations, 3 Yr. CAGR %	8.48	18.31	83.58	11.75	7.94
Net Income, 3 Yr. CAGR %	8.48	18.31	83.58	11.75	7.94
Normalized Net Income, 3 Yr. CAGR %	18.92	38.71	61.72	20.62	9.9
Diluted EPS Before Extra, 3 Yr. CAGR %	8.48	18.31	83.58	11.75	7.94
Accounts Receivable, 3 Yr. CAGR %	10.83	18.89	12.94	15.9	11.7
Inventory, 3 Yr. CAGR %	63.38	47.85	12.84	29.39	39.71
Net Property, Plant and Equip., 3 Yr. CAGR %	8.83	5.49	5.08	-1.17	3.63
Total Assets, 3 Yr. CAGR %	12.38	8.48	9.21	3.96	9
Tangible Book Value, 3 Yr. CAGR %	5.7	6.91	14.83	12.91	12.58
Common Equity, 3 Yr. CAGR %	5.72	6.9	14.83	12.9	12.58
Cash From Operations, 3 Yr. CAGR %	-	-	-14.3	-12.88	-13.55
Capital Expenditures, 3 Yr. CAGR %	-	-	-64.2	-55.48	65.76
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	15.59	29.11	-14.78
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	52.13	49.39	-10.33
Dividend Per Share, 3 Yr. CAGR %	-5.44	-	77.11	6.27	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	10.97	10.73	16.17
Gross Profit, 5 Yr. CAGR %	-	-	15.22	18.74	23.08
EBITDA, 5 Yr. CAGR %	-	-	12.93	15.9	17.27
EBITA, 5 Yr. CAGR %	-	-	18.83	21.49	25.22
EBIT, 5 Yr. CAGR %	-	-	18.83	21.49	25.29
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	8.87	16.28	47.84
Net Income, 5 Yr. CAGR %	-	-	8.87	16.28	47.84
Normalized Net Income, 5 Yr. CAGR %	-	-	18.64	28.68	39.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	8.87	16.28	47.84
Accounts Receivable, 5 Yr. CAGR %	-	-	12.5	14.51	15.04
Inventory, 5 Yr. CAGR %	-	-	35.49	42.05	35.27
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	4.34	3.19	5.45
Total Assets, 5 Yr. CAGR %	-	-	8.36	7.72	9.64
Tangible Book Value, 5 Yr. CAGR %	-	-	8.81	9.88	12.93
Common Equity, 5 Yr. CAGR %	-	-	8.81	9.87	12.93
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	-3.43
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-36.61
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	18.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	38.24
Dividend Per Share, 5 Yr. CAGR %	-	-	-3.3	3.71	46.14