Mari profit slips nearly 10% in 9MFY25

News Image

MG News | April 25, 2025 at 03:57 PM GMT+05:00

0:00

April 25, 2025 (MLN): Mari Energies Limited (PSX: MARI) reported a 9.87% decline in net profit for the nine months ended March 31, 2025, clocking in at Rs46.53 billion compared to Rs51.63bn in the same period last year.

This downturn occurred despite a sharp reduction in tax expenses and a hike in exploration activities.

Earnings per share (EPS) slipped to Rs38.75, down from Rs43 in the corresponding period of FY24.

The company’s gross sales fell by 6.33% YoY to Rs149.63bn, down from Rs159.74bn. After accounting for sales tax and excise duty, net sales stood at Rs132.29bn, reflecting a 6.83% decline.

Despite the revenue dip, exploration and prospecting expenditure surged 71.48% to Rs7.12bn, indicating a more aggressive exploration strategy.

Meanwhile, operating and administrative expenses rose 20.83% to Rs31.58bn, and royalty and wellhead charges jumped 43.37% to Rs25.16bn.

Finance cost and other charges also increased, with the latter nearly doubling (up 74.25%), further pressuring the bottom line.

Profit before tax came in at Rs66.82bn, showing a 14.44% decline, though the provision for income tax decreased significantly by 23.36% to Rs20.28bn providing some cushion to the net earnings.

Financial Results for the nine months ended March 31, 2025 (Rs '000)

 
 

31-Mar-25

3/31/2024

%change

Gross Sales

149,629,641

159,743,454

-6.33%

General Sales Tax

(17,330,649)

(16,086,039)

7.73%

Excise Duty

(1,635,423)

(1,664,987)

-1.77%

Net Sales

132,294,881

141,992,427

-6.82%

Royalty & Additional Wellhead Charge

(25,157,083)

(17,546,490)

43.37%

Operating & Administrative Expenses

(31,583,560)

(26,138,736)

20.83%

Exploration & Prospecting Expenditure

(7,115,497)

(4,149,540)

71.47%

Finance Cost

(2,711,372)

(2,549,312)

6.357%

Other Charges

(4,731,611)

(2,715,349)

74.25%

Profit Before Taxation

66,815,474

78,094,611

-14.44%

Provision for Income Tax

(20,283,675)

(26,465,720)

-23.35%

Profit for the Period

46,531,799

51,628,891

-9.87%

Earnings Per Share (Rupees)

38.75

43

-9.88%

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 160,101.03
374.97M
-1.27%
-2062.78
ALLSHR 97,525.54
1,017.39M
-1.28%
-1263.78
KSE30 48,859.40
134.69M
-1.13%
-559.19
KMI30 232,188.88
82.63M
-1.44%
-3403.91
KMIALLSHR 63,958.79
443.85M
-1.53%
-996.37
BKTi 44,948.04
67.45M
-1.08%
-489.73
OGTi 31,541.13
6.10M
-1.89%
-609.00
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 114,570.00 114,730.00
113,620.00
-500.00
-0.43%
BRENT CRUDE 64.55 65.76
64.08
-1.07
-1.63%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 92.50 0.00
0.00
0.00
0.00%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 60.26 61.50
59.93
-1.05
-1.71%
SUGAR #11 WORLD 14.41 14.59
14.40
-0.05
-0.35%

Chart of the Day


Latest News
October 28, 2025 at 06:07 PM GMT+05:00

Tariq Glass net profit climbs 25.5% to Rs885m


October 28, 2025 at 05:15 PM GMT+05:00

ZAR raises $13m to bring digital money to Pakistan


October 28, 2025 at 04:34 PM GMT+05:00

Saif Power turns red with Rs161m loss in 9MCY25


October 28, 2025 at 04:15 PM GMT+05:00

Bank deposits increase to over Rs35tr in September



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg