Corporate Briefing Session

The General Manager Pakistan Stock Exchange Ltd Stock Exchange Road Karachi

Subject: Corporate Briefing Session (CBS)

CA-25-4814

October 13, 2025

Dear Sir,

In continuation of our previous letter no CAD-25-4779 dated October 10, 2025 on the subject matter, enclosed please find slide pack for the CBS, scheduled to be held tomorrow i.e. Tuesday, October 14, 2025 at 10:00 am.

You are requested to disseminate this information to the Members of the Exchange, please.

Very truly yours,

Brig Sumair Ashraf Sheikh (Retd)

Company Secretary

‌Corporate Briefing Session

October 14, 2025

‌Corporate Briefing Session

Forward-looking statements are management's present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

Forward-looking statements should not be relied upon for making investment or other decisions as the statements speak only as of the date they are made.

‌Content

The Company Overview

Industry Challenges

Operational Update

Financial Update

Awards G Recognitions

Road Ahead

‌About MariEnergies

Legacy Built on Performance

Fauji Foundation (Management Right) 40%

Government of Pakistan

20%

OGDCL 20%

General Public 20%

We are part of Fauji Foundation Group - the largest social hybrid enterprise in Pakistan (market cap of listed companies over USD 6 Bn)

Area under Exploration and Production 100,288 Km2 including one offshore block in Abu Dhabi (48 Els/Blocks and 14 DGPLs including provisionally awarded)

Daily production capacity of ~127,000 BOE with total reserves and resources as of 30 June 2025 of G52 MMBOE

We ensure Pakistan's Food Security - Over G0% urea production is manufactured from gas supply of Mari Field

We are diversifying into critical Minerals, Technology and Services sector (through Mari Minerals, Mari Technologies, and Mari Services)

Contribution to National Exchequer Rs 383 Billion in last five years (FY 2024-25 Rs 95 B)

Hydrocarbon Production Annually Saves US$ ~3Bn of Valuable Foreign Exchange for Pakistan

One of the Largest Taxpayers in Pakistan

In-house seismic data acquisition, processing, drilling, mud logging and gravity C magnetic capabilities

‌MariEnergies Group Structure

Holding Company

MariEnergies: 100%

Sky47 Limited

Pakistan International Oil Limited (Abu Dhabi)

(Operator - PPL)

Mari Minerals (Pvt) Ltd

Mari Technologies Limited

Mari Energies Limited

Diversified structure for future growth

‌Industry Challenges

Resilience driving success amid operational complexities

1

Impact on Project Timelines and Costs

4

Non-Availability of new technologies, Impact on delivery of critical LLIs

2

5

Receivable buildup, Impact on cashflows

Delay in procurement of foreign

sourced material and services

3

6

Impact on Production Targets, Revenues, Reservoir Integrity

Loss of skilled and specialized knowledge

‌HSE Performance FY 2024-25

HSE metrics set against various indicators - exceeded the target thresholds

Total Recordable Incident Rate

1

0.8

0.6

0.4

0.2

0

FY 2023-24 FY 2024-25

18.46 Million Man-hours worked by our Employees

7

Worldwide Target Achieved



‌Update on ESG

Exploring investments in clean energy solutions, carbon capture technologies, and improved resource management, all focused on supporting a low-carbon and sustainable future.

‌Reserves G Resources Hydrocarbons Sold (MMBOEs)

Ensuring Long-Term Viability of the Company while increasing production

‌Well Delivery Summary (FY 2024-25)

Driving drilling efficiency with lower costs and new technologies

Wells Delivery

Total 16 wells have been spud in FY 2024-25:

• 2 Exploratory Wells include: Soho-1 and Ghazij CF-A1.

  Spinwam-1 Exp Well Spudded in FY 2024-25, though, Well delivered in current FY.

• 2 Appraisal Wells include: Ghazij-6 and Shawal-2

• 10 Development Wells include: 2 x HRL Horizontal Wells, 3 x Ghazij Wells, Bhitai-6, MD-23, ZS-5, Bolan East-2 and SML-2.

• 2 Disposal Wells include: Water Disposal Wells 4 & 5.

  660 Drilling Days

  (FY2024-25)

  736 Drilling Days in (FY2023-24)

  27,400 Meters Drilled

  (FY2024-25)

  18,000 meters in (FY 2023-24)

  
  
  

  USD 116 M

  (FY 2024-25)

  
  
  

  117M USD in (FY 2023-24)

  
  
  ‌Hydrocarbon Discoveries
  
  
  
  
  
  

  Expanding resource base with key discoveries

  
  
  

  Soho 1 - Sujawal Block (Sindh)

  (Mari 100%)

  Pateji X-1 - Shah Bandar Block (Sindh)

  Mari (32%) (PPL-Operated)

  Spinwam-1 - Waziristan Block (KP) (Mari 55 %, OGDCL 35%, OPI 10%)

‌Commencement of Production from Shewa - Waziristan Block

A Landmark Success in our Frontier Exploration Strategy

• Production Commencement: March 23, 2025

• Production Potential : ~70 MMSCFD and 700 bbl/d condensate

• Full Field Development Plan is underway

Wells Drilled G Completed in Waziristan Block:

• Shewa-1 (on production)

• Shewa-2 (on production)

• Spinwam-1 (tie in process initiated)

  
  
  ‌Pateji X-1 (Shah Bandar Block) Fast-Track Development

  Accelerating partner-operated asset development for shared success

  
  
  

  Sujawal Gas Processing Facility

Existing Capacity for Pateji and Jhim East (Phase-I): ~20 MMSCFD

Enhanced Capacity (Phase-II): +25-30 MMSCFD

‌Mari Revitalization

Strengthening Mari Field, the core of our operations

Ghazij Appraisal G Development

PIOL is a special purpose vehicle incorporated by a consortium comprising PPL, OGDCL, MariEnergies and GHPL, with each partner holding a 25% share in PIOL.

‌Mari Services Division - Business Development

Driving MSD's growth through third-party engagements

Drilling Rigs

Seismic Acquisition

Mining

Data Processing

3rd Party Business

OGDCL - Rig 1, 4 G 5 Prequalified Finished 3 x Workover Wells

Participating in other tenders considering availability

3rd Party Business

Secured 3rd Party Project with UEPL for 2D Seismic Data Acquisition G Processing of Kalchas South

3rd Party Business

Working on various collaborations

3rd Party Business

Working on collaborations

‌Diversification Initiatives - Minerals

Driving expansion via promising mineral opportunities

Own Licenses:

3 in Chagai, Balochistan (EL-186, EL-322, EL-323) Surveys are ongoing, followed by drilling

JV Agreements:

• IRH (UAE): EL-302 C EL-303

  .

• Siahkoh Mining: 5% share in Koh-e-Sultan Mining Co

• Sanjrani Mining: Multiple licenses

  MOUs Signed With:

• Various MoU with local and foreign entities signed

‌Diversification Initiatives - Technology

Driving future-ready diversification through technology

Incorporated: Mari Technologies (100% owned) C SKY47 (60% owned)

Focus: Data, cloud computing C technology

Projects: Pakistan's first Tier-III/IV certified data centers

Locations: Capital Smart City (STZ), Islamabad C Port Ǫasim, Karachi

Goal: Accreditation under Cloud First Policy and be live within 2025

Status: 5 MW Islamabad data center under construction

‌Corporate Social Responsibility

Communities Come First

Triple Bottom Line: People - Profits - Planet

Thematic Areas

• Health C Inclusive Education

• Clean Drinking Water C Sanitation

• Climate Action - Green Projects

• Sustainable Livelihood Interventions

• Women Empowerment

• Economic Relief C Zero Hunger

• Skills Development Program

  CSR Contributions

  2020-25 - Rs 13 billion

  2024-25 - Rs. 2.3 billion

High-Impact Projects

• Green on Wheels - Plantation Drives

• Noor e Sehar Special Education School Daharki

• Mari Medical Complex, various specialized clinics and mobile dispensaries

• Mobile Health Units, Hospitals Adoption and Mari Sehat Umeed Program

• Multiple Scholarship Programs / Roshan Mustakbil

• Technical and Vocational Training

• Economic Relief - Ration Distribution Drives

• Zero Hunger - Mari Mobile Dastarkhawan

• Flood Rehabilitation Program

• Disability Inclusive Development - (STEP)

• Mari Kissan Dost Program (BaKhabar Kissan (BKK)) agri-tech initiative C Agriculture Subsidy

• Mari School Meal Program (BKK)

BBK Subsidy Card

NLC Vocational Training 1G

‌Financial Analysis (FY25 Vs FY24)

Financial resilience amid challenges

MariEnergies has been assigned credit rating of AAA (Long Term) and A1+ (Short Term) with Stable Outlook by Pakistan Credit Rating Agency, affirming the Company's strong operational and financial position.

20

‌Dividend Payout

Stable Dividend Payout

25.7*

21.7

The dividend payout stood at 40% of profit, which is the same as last year

FY 2023-24 FY 2024-25

Cash Dividend - Rupees

‌Awards G Achievements

Certificate of

Excellence at the 3Gth Corporate Excellence Awards by MAP

17th Corporate

Social Responsibility Awards 2025

Industry recognition for all-round excellence

No. 08 amongst Top 25 Companies on Pakistan Stock Exchange for the Year 2023

1st Position in Fuel C Energy Category for MariEnergies Annual Report 2023

14th Corporate Social Responsibility Summit G Awards 2025

at the BCSR Awards

4th Position for Sustainability Report 2023

Corporate Governance Progression Award at the inaugural Directors Summit 2024 by PICG

‌Future Outlook

Key focus areas shaping our future

‌Gratitude

Each milestone reflects your contribution-thank you for being part of our journey!

Martyrs and Families

Employees

Board of Directors

Federal G Provincial Governments

Petroleum Division

Law Enforcing Agencies

Shareholders

‌Thank you!