Karachi: The Board of Directors of Mari Energies Limited announced the financial results for the nine months ending March 31, 2025, during a meeting held on April 25, 2025. The Board recommended no cash dividends, bonus shares, or right shares for this period.

The standalone and consolidated financial statements, detailed in Annexure 'A', reveal significant operational achievements. Production commenced at the Shewa Early Processing Facility in the Waziristan Block, with the first gas injected into the SNGPL pipeline on March 23, 2025. The facility plans to ramp up production to 70 million cubic feet per day (MMscfd) alongside selling approximately 700 barrels per day (BPD) of condensate.

Additionally, Mari Energies Limited reported notable exploration success at the Spinwam-1 well in the Waziristan Block, with four hydrocarbon discoveries in the Samanasuk, Kawagarh, Hangu, and Lockhart formations.

Production also began from the Shah Bandar Block, where partner-operated Jhim-East X-1 and Pateji X-1 wells started gas production through MariEnergies' Sujawal gas processing plant in December 2024 and April 2025, respectively. The combined output from these wells currently stands at approximately 18 MMscfd of gas and 290 BPD of condensate.

According to information available from the Pakistan Stock Exchange (PSX), the quarterly financial report will be transmitted through PUCARS and will be accessible on the company's website in due course.

The company operates within the designated market category of energy production and exploration. The financial update underscores a period of robust operational progress despite the absence of shareholder dividends.