Mari Energies Limited (PSX: MARI) posted a profit after tax (PAT) of Rs. 15.82 billion for the quarter ended September 30, 2025, marking a 17.6 percent decrease from Rs. 19.20 billion in the same period last year.
The decline in earnings was largely driven by a sharp increase in royalty and wellhead charges, which more than doubled compared to the previous year.
Net sales remained largely unchanged at Rs. 45.35 billion, versus Rs. 45.30 billion in the corresponding quarter of 2024.
Gross profit, however, dropped 18.6 percent to Rs. 21 billion, bringing the gross profit margin down to 46.3 percent from 57 percent a year earlier.
Operating and administrative expenses rose 5 percent, while finance costs climbed 17 percent due to higher interest rates. Exploration expenses, on the other hand, fell 26 percent to Rs. 2.21 billion, offering some relief.
READ MORE: Pakistani Entrepreneur Rehan Jalil Sells His Tech Company for Nearly $2 Billion
After accounting for Rs. 7.45 billion in taxation, the company recorded a net profit margin of 34.9 percent, down from 42.4 percent in the same quarter last year.
Earnings per share (EPS) fell to Rs. 13.15, compared to Rs. 15.99 in the prior-year quarter.
