{"id":11105,"date":"2025-08-11T13:35:07","date_gmt":"2025-08-11T08:35:07","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=11105"},"modified":"2025-08-11T13:35:10","modified_gmt":"2025-08-11T08:35:10","slug":"mari-energies-posts-lower-annual-profit-but-beats-expectations-in-final-quarter","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/mari-energies-posts-lower-annual-profit-but-beats-expectations-in-final-quarter\/","title":{"rendered":"Mari Energies Posts Lower Annual Profit, But Beats Expectations in Final Quarter"},"content":{"rendered":"\n

Mari Energies Limited (MARI<\/a>) <\/strong>has announced its financial results for the fourth quarter of FY25, reporting a net profit after tax of PKR 18.8 billion<\/strong> (EPS: PKR 15.7). This is 27% lower<\/strong> compared to the same quarter last year, but still better than what analysts had expected, thanks mainly to a lower tax charge.<\/p>\n\n\n\n

For the full year, the company earned PKR 65.1 billion<\/strong> (EPS: PKR 54.3), down 16% YoY<\/strong>. Alongside the results, MARI declared a final cash dividend of PKR 21.7 per share<\/strong> (payout ratio: 40%), which is also down 16% from last year.<\/p>\n\n\n\n

Key highlights from 4Q FY25:<\/h2>\n\n\n\n
    \n
  • Sales Growth:<\/strong> Quarterly sales rose 12% YoY<\/strong> to PKR 44.8 billion, driven by a 4% rise in gas production<\/strong> to 863 mmcfd. This included increased output from the Mari D&P field and new flows from the Shewa well.<\/li>\n\n\n\n
  • Higher Royalty Costs:<\/strong> Royalty expenses jumped 130% YoY<\/strong> to PKR 10.5 billion due to a new 15% additional royalty<\/strong> on the Mari D&P lease, effective November 2024. This pushed the full-year effective royalty rate to 20% (vs 12.2% in FY24).<\/li>\n\n\n\n
  • Exploration Expenses:<\/strong> The company spent PKR 5.2 billion on exploration, as it drilled wells like Soho-1 and Mari Ghazij CF-A1.<\/li>\n\n\n\n
  • Lower Finance Income:<\/strong> Finance income dropped 20% YoY to PKR 2.5 billion due to falling investment returns.<\/li>\n\n\n\n
  • Lower Tax Rate:<\/strong> The Effective tax rate was 13.2% in 4Q<\/strong>, helping support earnings.<\/li>\n<\/ul>\n\n\n\n

    What does it mean?<\/h2>\n\n\n\n

    While Mari Energies faced rising royalty costs and weaker finance income, strong gas production and a lower tax bill helped it end the year on a better note than expected. The new Shewa well, along with ongoing exploration activity, shows the company\u2019s focus on sustaining production levels. However, the higher royalty burden will likely remain a challenge going forward.<\/p>\n\n\n\n

    Source: AKD Securities<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

    Mari Energies Limited (MARI) has announced its financial results for the fourth quarter of FY25, reporting a net profit after tax of PKR 18.8 billion (EPS: PKR 15.7). This is 27% lower compared to the same quarter last year, but still better than what analysts had expected, thanks mainly to a lower tax charge.<\/p>\n","protected":false},"author":9252,"featured_media":6905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154,138],"tags":[182],"class_list":["post-11105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-financials","tag-mari"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/MARI-STOCK-PSX-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/MARI-STOCK-PSX-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/MARI-STOCK-PSX-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/MARI-STOCK-PSX.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/9252"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=11105"}],"version-history":[{"count":1,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11105\/revisions"}],"predecessor-version":[{"id":11106,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11105\/revisions\/11106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/6905"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=11105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=11105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=11105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}