Islamabad, Aug 11, 2025: Mari Energies Limited (PSX: MARI) reported a combined after-tax profit of Rs. 65.38 billion for the financial year ending June 30, 2025, reflecting a 15.4% fall compared to Rs. 77.29bn earned a year earlier. The drop in earnings mainly came from a notable surge in operational and royalty-linked costs, despite slight gains in other income and finance income.
Earnings per share (EPS) slipped to Rs. 54.45, versus a revised Rs. 64.37 in FY24. Even with reduced profits, the Board declared a final cash payout of Rs. 21.7 per share (217%) for FY25.
Gross sales during FY25 stood at Rs. 200.21bn, marginally below Rs. 204.6bn in FY24. After deducting Rs. 20.94bn in general sales tax and Rs. 2.18bn in excise duty, net sales were recorded at Rs. 177.1bn, down 2.6% year-on-year.
The company cost pressures remained high. Royalty and additional wellhead charges surged to Rs. 35.61bn from Rs. 22.1bn a year ago. Operating and administrative spending rose to Rs. 41.11bn, compared with Rs. 35.9bn in FY24. Expenditure on exploration and prospecting climbed to Rs. 14.86bn, up from Rs. 12.92bn.
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Finance costs increased to Rs. 3.49bn, while other charges eased slightly to Rs. 5.36bn from Rs. 6.74bn in FY24. Total expenses jumped 24.7% to Rs. 100.44bn, compared with Rs. 80.53bn last year, pulling profit before other income down to Rs. 76.66bn from Rs101.3bn.
Other income, however, saw a sharp improvement to Rs. 965.64m from just Rs. 140.75m in FY24, while finance income grew to Rs. 10.67bn from Rs. 9.21bn. The company’s share in its associate’s earnings turned positive, contributing Rs. 291.21m, compared with a loss of Rs. 284.23m last year.
Mari Energies booked a lower tax provision of Rs. 23.21bn in FY25, down from Rs. 33.07bn in FY24.
