Mari Energies’ FY25 profit slips to Rs65bn in FY25

August 11, 2025 (MLN): Mari Energies Limited (PSX: MARI) reported a consolidated profit after tax of Rs65.38 billion for the fiscal year ended June 30, 2025, down 15.4% from Rs77.29bn in the previous year.

The decline in profitability was primarily driven by a sharp increase in operating and royalty-related expenses, despite marginal growth in other income and finance income.

Earnings per share (EPS) stood at Rs54.45, compared to a restated Rs64.37 in FY24. 

Despite the decline in profits, the Board announced a final cash dividend for the year ended June 30, 2025 at Rs21.7/- per share, i.e. 217%

Gross sales for FY25 amounted to Rs200.21bn, slightly lower than Rs204.6bn in FY24. After accounting for Rs20.94bn in general sales tax and Rs2.18bn in excise duty, net sales stood at Rs177.1bn, down 2.6%YoY.

Mari Energies faced a significant rise in expenses during the year. The royalty and additional wellhead charge surged to Rs35.61bn, up from Rs22.1bn in FY24.

Operating and administrative expenses climbed to Rs41.11bn, compared to Rs35.9bn a year earlier.

Exploration and prospecting expenditure also increased to Rs14.86bn, from Rs12.92bn in FY24.

Finance cost rose to Rs3.49bn, while other charges amounted to Rs5.36bn, slightly lower than the Rs6.74bn recorded last year.

Total expenses ballooned to Rs100.44bn, marking a 24.7% increase from Rs80.53bn in FY24. As a result, profit before other income dropped to Rs76.66bn, down from Rs101.3bn.

Despite the pressure on core earnings, other income rose sharply to Rs965.64 million, compared to just Rs140.75m in FY24.

Finance income also improved to Rs10.67bn, up from Rs9.21bn.

The company’s share of profit in its associate turned positive, contributing Rs291.21m, a reversal from the Rs284.23m loss recorded in FY24.

Mari Energies booked a Rs23.21bn provision for taxation in FY25, significantly lower than the Rs33.07bn charged in FY24.

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