Karachi: Mari Energies Limited announced significant financial results for the fiscal year ending June 30, 2026, with a marked increase in net profit and substantial operational achievements. The company disclosed these figures in a report dated August 7, 2026.
The Board of Directors approved a final cash dividend of Rs 18.7 per share, or 187%, in addition to an interim cash dividend of Rs 8.3 per share, bringing the total dividend for the year to Rs 27 per share, or 270%.
Financial results for FY 2025-26 highlight an operating profit of Rs 82.6 billion, up from Rs 81.4 billion in the previous year. The net profit rose notably to Rs 87.1 billion from Rs 65.1 billion, reflecting a substantial financial boost due to the reversal of Super Tax as per the Federal Constitutional Court of Pakistan. Earnings per share increased to Rs 72.52 from Rs 54.25 in the prior year.
According to information available from the Pakistan Stock Exchange (PSX), Mari Energies' financial performance was bolstered by the highest-ever recorded hydrocarbon sales of 41.28 MMBOE, despite operational challenges such as RLNG curtailments and pipeline disruptions. The increase in sales from last year's 39.13 MMBOE underscores the company's resilience and strategic prowess.
In a move to enhance its exploration portfolio, Mari Energies expanded to 72 exploration licenses, covering an acreage of 155,276 square kilometers. This expansion includes acquisitions in both onshore and offshore basins across Pakistan.
The company's strategic ventures included the commencement of early production from the Spinwam in the Waziristan Block on April 1, 2026, contributing to a total production of 100 MMSCFD gas and approximately 800 BPD of condensate. Additionally, the allocation of 222 MMSCFD of raw gas from Ghazij Field aims to supply all major fertilizer plants in Pakistan.
In a joint venture with Ghani Chemical Industries Limited, Mari Energies established GHG Emissions Mitigation Limited to process vent gas for LNG and CO2 production. This venture signifies a step towards sustainable and diversified energy solutions.
The company also reported improvements in trade debt recovery, with overdue trade debts reduced to Rs 61.7 billion from Rs 66.9 billion in the previous year. The reserve-to-production ratio reached an all-time high of 21 years, indicating sustained output and resource management.
Shareholders listed on the Register of Members by the close of business on September 21, 2026, will be eligible for the final dividend. The Annual General Meeting is scheduled for September 25, 2026, at the Islamabad Serena Hotel.
The comprehensive financial performance and operational advancements of Mari Energies Limited underscore its strategic focus on growth and resilience in the energy sector.