Karachi: Mari Energies Ltd has reported a 34% increase in net profit for the fiscal year 2026, amounting to PkR87.1 billion, as disclosed in an analyst briefing held earlier today. The company attributes this growth to higher sales volumes, improved pricing, and the reversal of a super tax charge. Net sales reached PkR192 billion, marking an 8% year-on-year increase, supported by a 5.5% rise in hydrocarbon sales to 41.3 million barrels of oil equivalent.

According to AKD Securities Limited, the briefing outlined Mari Energies' extensive operational footprint, which includes 28 operated and 19 non-operated onshore blocks, as well as 18 operated, 6 non-operated, and 1 international non-operated offshore block. The company's exploration activities expanded significantly, with the addition of 24 offshore and 15 onshore blocks, bringing the total exploration and production licensing acreage to 155,300 square kilometers.

The company further announced a cash payout of PkR27.0 per share, an increase from PkR21.7 per share in the previous year. This financial performance and strategic expansion highlight Mari Energies' robust positioning in the energy sector as it continues to leverage its operational capabilities and market opportunities.