Mari Energies’ profit dips 18% in Q1FY26
30-Oct-2025
MettisGlobal
October 30, 2025 (MLN): Mari Energies Limited (PSX: MARI) reported a profit after tax (PAT) of Rs15.82 billion for the quarter ended September 30, 2025, reflecting a 17.6% decline compared to Rs19.20bn in the same period last year.
The fall in profitability was mainly attributed to a sharp rise in royalty and wellhead charges, which more than doubled year-on-year.
Net sales remained almost flat at Rs45.35bn, compared to Rs45.30bn in the corresponding quarter of 2024.
However, gross profit fell 18.6% to Rs21bn, pushing the gross profit margin down to 46.3%, from 57.0% last year.
Operating and administrative expenses rose 5%, while finance costs increased 17% amid higher interest rates.
Exploration expenditure, however, eased 26% to Rs2.21bn, providing partial relief.
After accounting for taxation of Rs7.45bn, the company recorded a net profit margin of 34.9%, compared to 42.4% a year earlier.
Earnings per share (EPS) declined to Rs 13.15, from Rs 15.99 in the prior year’s quarter.
|
Statement of
the profit/ loss for the quarter ended on September 30, 2025 (Rs ‘000) |
|||
|
Particulars |
2025 |
2024 |
% Change |
|
Gross
Sales |
51,409,648 |
51,203,562 |
+0.4% |
|
General
Sales Tax |
(5,504,092) |
(5,350,540) |
+2.9% |
|
Excise
Duty |
(554,323) |
(555,791) |
–0.3% |
|
Net Sales |
45,351,233 |
45,297,231 |
+0.1% |
|
Royalty
and Wellhead Charges |
(11,274,163) |
(5,521,601) |
+104.2% |
|
Operating
& Administrative Expenses |
(8,505,532) |
(8,067,085) |
+5.4% |
|
Exploration
& Prospecting Expenditure |
(2,212,059) |
(3,001,054) |
–26.3% |
|
Finance
Cost |
(976,620) |
(834,582) |
+17.0% |
|
Other
Charges |
(1,380,084) |
(2,057,242) |
–32.9% |
|
Total
Expenses |
(24,348,458) |
(19,481,564) |
+25.0% |
|
Gross
Profit |
21,002,775 |
25,815,667 |
–18.6% |
|
Other
Income |
221,131 |
119,312 |
+85.4% |
|
Finance
Income |
2,011,664 |
3,376,142 |
–40.4% |
|
Share of
Profit / (Loss) in Associate |
34,162 |
(209,186) |
- |
|
Profit
Before Taxation |
23,269,732 |
29,101,935 |
–20.0% |
|
Provision
for Taxation |
(7,445,128) |
(9,900,921) |
–24.8% |
|
Profit
After Taxation (PAT) |
15,824,604 |
19,201,014 |
–17.6% |
|
Earnings
Per Share (Rupees) |
13.15 |
15.99 |
–17.7% |