Mari Energies Limited posted a standalone net profit of Rs. 87.1 billion for the financial year ended June 30, 2026, compared with Rs. 65.1 billion in the previous year, marking a significant increase in annual earnings.
The company’s earnings per share (EPS) rose to Rs. 72.52 from Rs. 54.25 during the same period, according to financial results announced on Friday.
Mari Energies’ board of directors recommended a final cash dividend of Rs. 18.7 per share, taking the total dividend payout for FY2026 to Rs. 27 per share, including the interim dividend of Rs. 8.3 per share already distributed.
Operating profit increased slightly to Rs. 82.6 billion from Rs. 81.4 billion despite an additional Rs. 8.5 billion royalty expense after the implementation of Rule 35 of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 2013.
The company said the annual results were also impacted by the reversal of Super Tax following a judgment by the Federal Constitutional Court of Pakistan.
During FY2026, Mari Energies reduced its overdue trade debts to Rs. 61.7 billion from Rs. 66.9 billion, while hydrocarbon sales reached a record 41.28 million barrels of oil equivalent (MMBOE).
The company achieved this performance despite production curtailments caused by excess RLNG availability and disruptions due to SNGPL pipeline ruptures.
Mari Energies added 157 MMBOE to its proved and probable reserves during the year, resulting in a reserve replacement ratio of 375%. Its total reserves and resources under the 2P+2C category reached an estimated 1,029 MMBOE, while the reserve-to-production ratio improved to 21 years.
The company also started production from the Spinwam development in the Waziristan Block and the Shams discovery in the Mari Field. It expanded its exploration portfolio to 72 licenses and formed a joint venture with Ghani Chemical Industries to capture and process vent gas into LNG and food-grade carbon dioxide.
Additionally, Mari Technologies Limited, a subsidiary of Mari Energies, commissioned its first 5 MW Tier III data centre in Islamabad as part of the company’s expansion into technology-related businesses.
