Mari Energies profit jumps 35% to Rs21bn in 1QFY27

October 29, 2026 (MLN): Consolidated profit for the period of Mari Energies Limited (PSX: MARI) rose 35.27% year-on-year to Rs21.41bn for the three months ended September 30, 2026, compared with Rs15.82bn in the same period last year.

Earnings per ordinary share (EPS) expanded 36.50% to Rs17.95 from Rs13.15 in the corresponding quarter last year.

Gross sales grew 24.69% to Rs64.10bn from Rs51.41bn. After sales tax and excise duty, net sales rose 24.07% to Rs56.27bn from Rs45.35bn.

Higher operating and administrative costs offset part of the sales growth.

Operating and administrative expenses increased 33.88% to Rs11.39bn from Rs8.51bn. Royalties rose 22.65% to Rs13.83bn from Rs11.27bn, and other charges grew 20.65% to Rs1.67bn from Rs1.38bn.

Exploration and prospecting expenditure fell 6.54% to Rs2.07bn from Rs2.21bn.

Other items swung to a net expense of Rs80.60m, against net other income of Rs221.13m last year. Even so, the net effect lifted operating profit 22.70% to Rs27.24bn from Rs22.20bn, with sales growth outweighing the cost increases.

Finance income declined 23.03% to Rs1.55bn from Rs2.01bn, while finance cost rose 6.11% to Rs1.04bn from Rs976.62m. Share of profit in associate fell 76.82% to Rs7.92m from Rs34.16m.

Profit before taxation grew 19.30% to Rs27.76bn from Rs23.27bn.

The provision for taxation was the key catalyst, falling 14.65% to Rs6.35bn from Rs7.45bn, which lifted bottom-line growth well above the pre-tax increase and left profit for the period up 35.27% at Rs21.41bn.

Copyright Mettis Link News