Mari Energies Limited Announces FY25 Financial Results

Mari Energies Limited has reported a profit after tax (PAT) of Rs65.38 billion for the fiscal year 2025 (FY25). This represents a decrease of over 15% compared to the previous fiscal year’s PAT of Rs77.29 billion.

The company’s Board of Directors (BoD) convened on Friday to assess the financial outcomes for the period concluding on June 30, 2025. During the meeting, a final cash dividend of Rs21.7 per share, equivalent to 217%, was declared for the year.

According to the latest consolidated financial data, the earnings per share (EPS) for the company were Rs54.45, compared to Rs64.37 in the corresponding period of the prior year.

Factors Contributing to Profit Decline

The reduction in profit is primarily due to a decrease in revenue coupled with elevated expenses during the fiscal year.

Gross sales for Mari Energies witnessed a dip of over 2%, totaling Rs200.2 billion compared to Rs204.6 billion in the preceding year.

Net sales from exploration and production (E&P) activities in FY25 reached Rs177.1 billion, indicating a nearly 3% year-on-year drop.

Notably, Mari Energies experienced a 39% decline in profits during the second quarter of FY25.

Increased Costs and Expenses

The cost of sales, encompassing royalties, operating, and administrative expenses, surged to Rs76.7 billion in FY25, up from Rs58 billion in the previous year, marking an increase exceeding 32%.

The company’s total expenses increased to Rs100.4 billion, compared to Rs80.5 billion in FY24, reflecting a rise of almost 25%.

Mari Energies’ profit before tax decreased by nearly 20%, registering at Rs88.6 billion in contrast to Rs110.4 billion in FY24.

Company Operations and Reserves

Mari Energies Limited, which operates Pakistan’s largest gas reservoir at Mari Gas Field in Daharki, Sindh, stands as the country’s second-largest natural gas producer.

In FY25, the company’s reserve-to-production ratio (R/P) reached a historic high of 20 years, as communicated to stakeholders.

“With the Mari lease extension, increased production capacity, and a strong reserve base, the company will continue its critical role in ensuring food and energy security for the nation,” the company stated.

During the fiscal year, the company achieved its highest-ever hydrocarbon sales of 39.13 MMBOE, compared to 39.01 MMBOE in the prior year, despite output reductions because of surplus RLNG and delays initiating production from the Waziristan Block.

MariMinerals commenced target drilling in EL-322 & 323 in August 2025. “The minerals portfolio in the Chaghi district has been further enhanced by significant expansion via strategic acquisitions,” the company noted.

Technology Initiatives

On the technological advancement front, Mari Energies shared updates on the construction of its first 5MW data center in Islamabad, which is currently underway. Development of a second data center in Karachi is also progressing as planned.