Mari Energies Limited has announced strong financial and operational results for the year ended June 30, 2025, posting a net profit of Rs. 65.1 billion and earnings per share (EPS) of Rs. 54.25, despite lower applicable hydrocarbon prices and additional 15% wellhead payments on Mari Field from November 2024. Net sales stood at Rs. 177.1 billion.
The Board of Directors, in its meeting held on August 8, 2025, recommended a final cash dividend of Rs. 21.7 per share (217%), with no bonus or right shares. PACRA reaffirmed the company’s top-tier credit profile with AAA (Long Term) and A1+ (Short Term) ratings in January 2025.
Operationally, MariEnergies achieved its highest-ever hydrocarbon sales of 39.13 MMBOE (107.2 kboepd) compared to 39.01 MMBOE (106.6 kboepd) last year, despite RLNG curtailments and delays in Waziristan Block production. Early output from Waziristan began on March 23, 2025, delivering 70 MMSCFD of gas and around 700 barrels per day of condensate. Production also commenced from Jhim-East X-1 and Pateji X-1 via the Sujawal Gas Processing Facility.
The company added 110 MMBOE in 2P reserves, achieving a Reserve Replacement Ratio (RRR) of 278%. Total reserves and resources (2P+2C) stood at 952 MMBOE at year-end, supported by discoveries at Spinwam-1, Soho-1, and Pateji X-1. The reserve-to-production ratio reached a record 20 years.
In mining, target drilling began in EL-322 & 323 in August 2025, with expansion in Chaghi through strategic acquisitions. The company also entered the technology sector with the incorporation of Mari Technologies Limited and SKY47 Limited, and is constructing a 5 MW data center in Islamabad, with a second planned in Karachi.
The final dividend will be paid to shareholders on record as of September 19, 2025. The share transfer books will remain closed from September 22 to 26, 2025. The Annual General Meeting will be held on September 26, 2025, at 10:00 a.m. at Sheesh Mahal Hall, Islamabad Serena Hotel. The Annual Report will be available via PUCARS and on the company’s website. – ER News Desk
