Mari Energies Posts Rs 87.07Bn profit in 2026
KARACHI: Mari Energies Limited has posting a 33.7% increase in annual profit despite higher royalty payments and operating expenses. The company declared a strong financial performance for the year ended on June 30, 2026.
According to Statement at PSX Website, the company’s profit after tax rose to Rs87.07 billion, compared with Rs65.14 billion in the previous year. The earnings per share (EPS) increased to Rs72.52, up from Rs54.25, reflecting improved profitability.
The company announced a cash dividend of Rs 18.7 or 187 per cent per share for its shareholders. This is an additional to the interim cash dividend of Rs 8.3 per share announced earlier. The recommended final dividend along with Interim dividend amounts to Rs 27 per share or 270 per cent.
Mari Energies’ gross sales climbed to Rs218.01 billion from Rs200.21 billion in 2025-26. After deductions for general sales tax and excise duty, net sales stood at Rs191.66 billion compared to Rs177.10 billion in the same period last year.
The company posted an operating profit of Rs82.55 billion this year, slightly higher compared to Rs81.45 billion posted same period last year.
However, Costs of sales also increased during the period. Royalties rose to Rs45.72 billion from Rs35.61 billion, while operating and administrative expenses increased to Rs43.34 billion. Exploration and prospecting expenditure also climbed to Rs17.23 billion.
On the financial side, finance income declined to Rs5.46 billion from Rs9.91 billion, while finance costs increased to Rs4.46 billion. The company recorded a share of loss in associate amounting to Rs304 million, compared with a share of profit of Rs291 million in the previous year.
The company’s Profit before tax stood at Rs83.25 billion, compared with Rs88.17 billion in 2024-25. However, the company recorded a tax reversal of Rs3.82 billion, compared with a tax provision of Rs23.04 billion a year earlier.
The latest results reflect resilient operational performance and stronger shareholder returns, supported by higher sales and a favourable tax adjustment despite rising operating costs.
According to the company’s Statement, total assets increased to Rs470.37 billion as of June 30, 2026, compared to Rs422.27 billion in the same period last year, reflecting an increase of more than Rs48 billion.
On the assets side, property, plant and equipment increased to Rs132.93 billion, while development and production assets reached Rs89.10 billion. Exploration and evaluation assets also grew to Rs26.51 billion.
Current assets of the company stood at Rs181.14 billion, supported by higher cash and bank balances of Rs32.32 billion and short-term investments worth Rs26.67 billion. Meanwhile, total liabilities declined to Rs147.89 billion from Rs150.62 billion a year earlier. Current liabilities fell to Rs59.67 billion, while non-current liabilities increased slightly to Rs88.22 billion.
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