Mari Energies (MARI) Analysis & Financial Results | PSX

Mari Energies Limited (PSX: MARI), formerly Mari Petroleum Company Limited, is a Pakistani energy company engaged in the exploration, production, and sale of hydrocarbons. The company also provides exploration and production-related services and has activities involving mineral mining and technology businesses. Explore its financial performance, earnings, valuation indicators, dividend disclosures, operational risks, and Shariah-screening information through this PSX Investors Zone company profile.

Company Overview

Mari Energies Limited (PSX: MARI), formerly known as Mari Petroleum Company Limited, is a Pakistan-based public limited company incorporated on December 4, 1984.

The company is principally engaged in the exploration, production, and sale of hydrocarbons. It also provides exploration and production-related services and has ventures involving mineral mining and technology businesses.

Primary sources:

Particular	Details
Company Name	Mari Energies Limited
Former Name	Mari Petroleum Company Limited
PSX Symbol	MARI
Sector	Oil & Gas Exploration Companies
Incorporation Date	December 4, 1984
Headquarters	21, Mauve Area, 3rd Road, G-10/4, Islamabad, Pakistan
Financial Year-End	June 30
Official Website	marienergies.com.pk

Business Model

Mari Energies operates in Pakistan's oil and gas exploration and production industry. Its core activities include exploring for hydrocarbons, producing oil and gas, and selling those products. The company also reports related services and activities in mineral mining and technology businesses.

Its financial performance can be affected by production volumes, reserve developments, commodity prices, operating costs, exploration expenditure, regulatory conditions, and the timing of development projects.

Investors should review the company's published operational and financial reports to understand how these factors affect its earnings and cash flows.

Latest Financial Performance — FY2026

Mari Energies' financial year ended June 30, 2026. The PSX profile reports the following figures for FY2026:

Indicator	FY2026
Net sales	Approximately Rs. 191.66 billion
Profit after taxation	Approximately Rs. 87.07 billion
Earnings per share (EPS)	Rs. 72.52

The figures above are from the financial data displayed on the PSX profile. PSX notes that its standardized data may differ from the issuer's original financial statements.

Verify the final published figures against:

Use the audited FY2026 annual report as the primary reference when adding detailed financial tables, year-on-year comparisons, or accounting-specific explanations.

Fundamental Analysis

Fundamental analysis helps investors evaluate a company's financial position, profitability, operational performance, and valuation.

For Mari Energies, useful measures include:

Net sales and revenue growth
Profit after taxation
Earnings per share (EPS)
Operating and net profit margins
Operating cash flow and capital expenditure
Exploration and development expenditure
Production volumes and reserve information
Debt and financing costs
Dividend history
Price-to-earnings (P/E) ratio

Financial figures and ratios should include their reporting period, calculation method, and source. For oil and gas companies, earnings should also be considered alongside production trends, reserves, operating costs, and the economics of exploration and development.

Operational Performance

Operational information helps investors understand the factors behind financial results.

Relevant disclosures include:

Oil and gas production
Reserve and resource estimates
Exploration activities and discoveries
Development projects
Production capacity and utilisation
Operating and development expenditure
Changes in leases and exploration rights

Reserve estimates and production figures should be taken from the company's official annual report or other relevant disclosure, with the applicable date and units clearly stated.

Source: Mari Energies Financial Reports.

Valuation Analysis

Price-to-Earnings Ratio (P/E)

The P/E ratio compares the market price of a share with earnings per share. It changes with the share price and reported earnings, so the calculation date and EPS period should be stated.

Profit Margins

Profit margins show the relationship between revenue and costs or earnings. Interpret changes using the company's financial statements and disclosures about production, operating costs, and other income.

Cash Flow

Operating cash flow helps investors examine the cash generated by business activities. Capital expenditure and exploration spending are also relevant when assessing how much cash remains available for other purposes.

Dividend Yield

Dividend yield compares the applicable annual dividend per share with the market price used in the calculation. Distinguish proposed, approved, and paid dividends, and state the date of the share price used.

No single valuation ratio establishes whether a share is fairly valued or suitable for an investor.

Dividend History

Dividend announcements provide information about distributions declared by the company.

For a reliable historical dividend table, verify each distribution using the relevant PSX announcement or the company's annual report. Record:

Dividend per share
Announcement date
Ex-dividend date
Record or book-closure date
Payment date, when disclosed
Whether the distribution was proposed, approved, or paid

Source: PSX MARI Announcements and Payouts.

Do not infer a dividend amount or payment status when the corresponding announcement has not been checked. Past dividends do not guarantee future distributions.

Shariah-Compliance Screening

Mari Energies appeared as Shariah-compliant in PSX's published KMI-30 recomposition screening information based on the screening data dated December 31, 2025. MARI is also displayed among the constituents of the PSX KMI-30 index in the current index information accessed for this profile.

This is a dated, source-specific screening result—not a guarantee of permanent status under every Shariah-screening methodology. Screening outcomes can change when financial information, prices, or index constituents are reviewed.

For transparency, retain the screening date and source whenever publishing a status.

Official references:

Important PSX Risk Warning

Verification required before publication: The PSX MARI profile page accessed for this research displayed a risk-warning alert stating that the company was in continuous violation of specified PSX listing-regulation clauses and could face suspension of trading or delisting risk.

This profile-page alert should not be interpreted as confirmation that trading has already been suspended or that delisting has occurred. Before publishing this warning as a current company-specific development, check the latest official PSX notices and the company's clarification, if available, to establish the relevant issue, date, and current status.

Reference: Official PSX MARI Profile and Announcements.

Do not omit or present this warning as resolved without authoritative confirmation.

Business Risks

Investors researching Mari Energies should consider:

Changes in oil and gas prices
Exploration and production uncertainty
Reserve replacement and depletion
Operational interruptions
Exploration and development costs
Regulatory and environmental requirements
Lease renewals and exploration rights
Commodity-market and foreign-exchange exposure
Capital expenditure and project execution

These are general research considerations, not claims that each risk has materialised at the company. Company-specific conclusions should be supported by current official disclosures.

Official Reports and Announcements

Use these sources for further research:

Investor Research Checklist

Before evaluating MARI, investors can:

Read the latest audited annual report and interim financial statements.
Compare revenue, profit, and EPS across comparable reporting periods.
Review production, reserves, and exploration disclosures.
Examine cash flows and development expenditure.
Verify dividend announcements and payment status.
Review valuation ratios using dated market prices and reported earnings.
Confirm the latest applicable Shariah-screening status.
Check current PSX risk notices and any company clarification.

About PSX Investors Zone

PSX Investors Zone provides company research, financial education, and Shariah-conscious investing information to help investors understand listed companies and conduct independent research.

Disclaimer: This profile is for educational and research purposes only. It is not personalised investment advice and does not guarantee investment performance. Verify financial data, corporate disclosures, risk notices, and Shariah-screening status against the latest official sources before relying on them.

This profile is for educational purposes and is not a recommendation to buy or sell any security.

Mari Energies Limited