Mari Energies Posts Record PKR 65.1bn Profit, Announces Rs. 21.7/share Dividend

KARACHI – Mari Energies Limited has reported a net profit of PKR 65.1 billion for the year ended June 30, 2025, alongside a final cash dividend of Rs. 21.7 per share (217%), the company informed the Pakistan Stock Exchange (PSX).

Despite lower hydrocarbon prices and higher wellhead payments on Mari Field from November 2024, the company posted net sales of PKR 177.1 billion and EPS of Rs. 54.25. The reserve-to-production ratio hit an all-time high of 20 years, supported by a lease extension, enhanced capacity, and a strong reserves base.

Mari added 110 MMBOE in 2P reserves, delivering a Reserve Replacement Ratio (RRR) of 278%, taking total reserves and resources (2P+2C) to 952 MMBOE. Hydrocarbon sales reached a record 39.13 MMBOE (107.2 kboepd) despite RLNG curtailments and delayed Waziristan Block output.

Notable hydrocarbon discoveries at Spinwam-1, Soho-1, and Pateji X-1 contributed to an additional 165.9 MMBOE in contingent resources. Early production from Waziristan Block began in March 2025, with output of ~70 MMSCFD gas and ~700 BPD condensate, supplemented by new gas from Jhim-East X-1 and Pateji X-1.

The company also advanced its MariMinerals operations in Chaghi and launched Mari Technologies Limited and SKY47 Limited, marking its entry into the technology sector. A 5 MW Islamabad data center is under construction, with a second planned in Karachi.