Mari Energies Limited has reported a standalone net profit of Rs. 87.1 billion for the financial year ended June 30, 2026, marking a strong increase from Rs. 65.1 billion recorded in the previous year.
According to the company’s financial results announced on Friday, earnings per share (EPS) also rose significantly to Rs. 72.52, compared with Rs. 54.25 a year earlier.
The company’s board has recommended a final cash dividend of Rs. 18.7 per share, bringing the total cash dividend for FY26 to Rs. 27 per share, including the interim dividend of Rs. 8.3 per share already paid during the year.
Mari Energies’ operating profit increased to Rs. 82.6 billion from Rs. 81.4 billion in FY25. The company achieved this growth despite an additional Rs. 8.5 billion royalty charge following the applicability of Rule 35 of the Pakistan Onshore Petroleum (Exploration and Production) Rules, 2013.
The annual earnings also benefited from the reversal of Super Tax, following a judgment by the Federal Constitutional Court of Pakistan.
During FY26, Mari Energies recorded 41.28 million barrels of oil equivalent (MMBOE) in hydrocarbon sales, the highest level reported by the company.
The performance came despite production curtailments linked to excess RLNG and disruptions caused by ruptures in the SNGPL pipeline.
The company also managed to reduce its overdue trade debts to Rs. 61.7 billion, compared with Rs. 66.9 billion in the previous year.
Mari Energies added 157 MMBOE of proved and probable reserves during FY26, resulting in a reserve replacement ratio of 375%.
Its total reserves and resources, classified as 2P+2C, reached an estimated 1,029 MMBOE, while the reserve-to-production ratio improved to approximately 21 years.
The company also commenced production from the Spinwam development in the Waziristan Block and the Shams discovery in the Mari Field.
During the year, Mari Energies expanded its exploration portfolio to 72 licenses and incorporated a joint venture with Ghani Chemical Industries to capture and process vent gas into LNG and food-grade carbon dioxide.
The company is also expanding into technology infrastructure. Through Mari Technologies Limited, it commissioned its first 5 MW Tier III data center in Islamabad, marking another step in its diversification beyond the traditional energy business.
Overall, the FY26 results reflect Mari Energies’ strong profitability, expanding hydrocarbon reserves, record sales and continued investment in new energy and technology-related businesses.
