The General Manager
Pakistan Stock Exchange Limited Stock Exchange Road
Karachi
CA-26-5031
April 22, 2026
Subject: Financial Results of the Nine Months ended on March 31, 2026Dear Sir,
Further to our letter No. No. CA-26-5030, dated April 16, 2026, it is informed that the Board of Directors of Mari Energies Limited in its meeting held on April 22, 2026 (today) at 12:00 p.m. at its Registered Office, has recommended the following:
CASH DIVIDEND : NIL
BONUS SHARES : NIL
RIGHT SHARES : NIL
The Financial Results of the Company for the nine months ended on March 31, 2026, are attached at Annexure 'A'.
Profit for the nine months would have been even higher in the absence of additional 15% wellhead payment due on Mari Field effective from November 2024:
Rs. BillionProfit - GM FY 2025-26
4G.6
Impact of Additional Wellhead
5.8
Profit without impact of additional wellhead
55.4
Profit - 9M FY 2024-25
46.3
-
Investment in Wholly Owned Subsidiaries: The Board has approved equity investments in its wholly owned subsidiary companies as per following details:
Rs. 5 billion in Mari Minerals (Private) Limited, by subscribing to a right issue by MariMinerals at par value.
Rs. 2.6 billion in Mari Technologies Limited, by subscribing to a right issue by MariTechnologies at par value.
-
Investment in Other Subsidiary: The Board has also approved investment in GHG Emissions Mitigation Limited (GEM) (MariEnergies 51% shareholding) as per the following details:
a) Subject to the approval of the Members of the Company in the EOGM scheduled on May 22, 2026, equity investment of Rs. 2.44 billion in GEM.
a) The Company will also issue a Sponsor Support Agreement in favor of GEM's financier for cost overrun, commitment to fund the base equity and the debt servicing reserve account, and for the arrangement of the term finance facility.
The quarterly report of the Company for the period ended March 31, 2026, will be transmitted through PUCARS and will also be available on the Company's website at https://www.marienergies.com.pk in due course of time.
You may please inform the TRE certificate holders of the exchange, accordingly. Very truly yours,
Brig Sumair Ashraf Sheikh (Retd)Company Secretary
(Un-Audited) | (Audited) |
31.03.2026 | 30.06.2025 |
(Rupees in thousand) | |
(Un-Audited) | (Audited) |
31.03.2026 | 30.06.2025 |
(Rupees in thousand) | |
Share capital | 4 | 12,006,225 | 12,006,225 |
Other reserves | 12,075,531 | 6,284,245 | |
Unappropriated profit | 260,956,430 | 253,363,585 |
111,738,172 |
61,803,417 |
22,159,867 |
32,566,614 |
285,038,186 | 271,654,055 |
2,775,659 |
66,806 |
135,753 |
231,246,288 |
Annex - A
MARI ENERGIES LIMITED |
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION |
AS AT MARCH 31, 2026 |
EQUITY AND LIABILITIES | Note | ASSETS | Note | ||||
SHARE CAPITAL AND RESERVES | NON CURRENT ASSETS | ||||||
Property, plant and equipment | 9 | 119,513,297 | |||||
Development and production assets | 10 | 77,651,798 | |||||
Exploration and evaluation assets | 11 | 33,719,094 | |||||
Long term investments | 12 | 37,259,907 | |||||
TOTAL EQUITY | Right-of-use asset receivable from joint | ||||||
operating partners | 13 | 1,637,241 | |||||
NON CURRENT LIABILITIES | Long term loans and advances | 45,742 | |||||
Long term deposits and prepayments | 387,469 | ||||||
270,214,548 | |||||||
CURRENT ASSETS | |||||||
Stores and spares | 14,258,968 | ||||||
Trade debts | 14 | 92,051,805 | |||||
Short term loans and advances | 15 | 9,286,520 | |||||
Short term prepayments | 919,111 | ||||||
Other receivables | 5,063,101 | ||||||
Current portion of right-of-use asset | |||||||
receivable from joint operating partners | 13 | 1,586,921 | |||||
Short term investments | 34,671,178 | ||||||
Interest accrued | 208,562 | ||||||
Cash and bank balances | 23,981,356 | ||||||
TOTAL LIABILITIES | 167,203,884 150,615,728 | 182,027,522 | 191,023,495 |
CONTINGENCIES AND COMMITMENTS | 8 |
12,681,811 |
86,581,711 |
6,470,316 |
249,638 |
6,449,787 1,396,462 38,226,461 268,098 38,699,211 |
Long term financing | 445,740 | 508,959 | ||
Lease liabilities | 5 | 4,955,421 | 6,168,130 | |
Deferred liabilities | 6 | 37,832,559 | 32,904,038 | |
Deferred tax liability | 59,731,661 | 43,125,909 | ||
102,965,381 | 82,707,036 | |||
CURRENT LIABILITIES | ||||
Trade and other payables | 7 | 50,227,462 | 50,407,289 | |
Current portion of long term financing | 143,266 | 147,570 | ||
Current portion of lease liabilities | 5 | 3,664,102 | 3,103,249 | |
Unclaimed dividend | 1,085,503 | 696,411 | ||
Provision for income tax | 9,118,170 | 13,554,173 | ||
64,238,503 | 67,908,692 |
TOTAL EQUITY AND LIABILITIES 452,242,070 422,269,783 TOTAL ASSETS 452,242,070 422,269,783
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.
Nabeel Rasheed | Faheem Haider |
Chief Financial Officer | Managing Director / CEO |
Abid Niaz Hasan |
Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) |
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 |
Note | ||||||||
Gross sales | 54,848,956 | 51,756,841 | 157,125,183 | 149,629,641 | ||||
(6,093,012) | (5,564,186) | (17,149,260) | (15,699,337) | |||||
(577,568) | (549,412) | (1,676,094) | (1,635,423) | |||||
(6,670,580) | (6,113,598) | (18,825,354) | (17,334,760) | |||||
Net sales | 16 | 48,178,376 | 45,643,243 | 138,299,829 | 132,294,881 | |||
(11,241,873) | (11,627,786) | (33,164,809) | (25,157,053) | |||||
(10,650,142) | (8,355,165) | (31,046,225) | (31,482,964) | |||||
(4,875,777) | (2,906,257) | (8,951,957) | (9,627,216) | |||||
(986,644) | (880,755) | (2,951,223) | (2,548,618) | |||||
(1,261,643) | (1,537,912) | (3,768,366) | (4,711,671) | |||||
(29,016,079) | (25,307,875) | (79,882,580) | (73,527,522) | |||||
19,162,297 | 20,335,368 | 58,417,249 | 58,767,359 | |||||
1,193,150 | 464,078 | 2,175,167 | 609,465 | |||||
1,236,302 | 1,750,188 | 3,894,497 | 7,426,408 | |||||
(160,780) | (120,561) | (356,166) | (337,936) | |||||
Profit before taxation | 21,430,969 | 22,429,073 | 64,130,747 | 66,465,296 | ||||
Provision for taxation | 17 | (259,869) | (6,523,592) | (14,519,227) | (20,164,003) | |||
Profit for the period | 49,611,520 | 46,301,293 | ||||||
Earnings per share - basic and diluted | ||||||||
Earnings per ordinary share (Rupees) | 18 | 17.63 | 13.25 | 41.32 | 38.56 | |||
Three months period ended | Nine months period ended | ||
31.03.2026 | 31.03.2025 | 31.03.2026 31.03.2025 | |
(Rupees in thousand) | (Rupees in thousand) | ||
General sales tax |
Excise duty |
Royalties |
Operating and administrative expenses |
Exploration and prospecting expenditure |
Finance cost |
Other charges |
Other income |
Finance income |
Share of loss in associate |
21,171,100 | 15,905,481 |
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.
Nabeel Rasheed |
Chief Financial Officer |
Faheem Haider | Abid Niaz Hasan |
Managing Director / CEO | Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) |
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 |
Three months period ended | Nine months period ended | ||
31.03.2026 | 31.03.2025 | 31.03.2026 31.03.2025 | |
(Rupees in thousand) | (Rupees in thousand) | ||
Profit for the period | 21,171,100 | 15,905,481 | 49,611,520 | 46,301,293 |
Other comprehensive (loss) / income: |
Items that will be subsequently reclassified to profit or |
loss: |
(93,298) | 68,478 | (278,285) | 50,828 | |||
23,324 | - | 69,571 | - | |||
(69,974) | 68,478 | (208,714) | 50,828 | |||
21,101,126 | 15,973,959 | 49,402,806 | 46,352,121 |
Effect of translation of investment in a foreign associate
Income tax effect related to effect of translation of |
investment in a foreign associate - deferred tax credit |
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.
Nabeel Rasheed |
Chief Financial Officer |
Faheem Haider | Abid Niaz Hasan |
Managing Director / CEO | Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY |
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 |
Other reserves | ||||||
Share capital | Capital redemption reserve fund | Self insurance reserve | Foreign currency translation reserve | General reserve | Unappropriated profit | Total |
(Rupees in thousand) | ||||||
Total comprehensive income for the period: |
Profit for the period |
Other comprehensive income |
- | - | - | - | - | 46,301,293 | 46,301,293 |
- | - | - | 50,828 | - | - | 50,828 |
- | - | - | 50,828 | - | 46,301,293 | 46,352,121 |
10,672,200 | (10,590,001) | - | - | - | (82,199) | - |
- | - | - | - | - | (17,875,935) | (17,875,935) |
Balance as at July 01, 2024 (Audited) 1,334,025 10,590,001 4,600,000 2,002,507 - 206,381,187 224,907,720
Issuance of bonus shares * |
Final cash dividend for the year ended June 30, 2024 @ Rs 134.00 per share * |
Balance as at March 31, 2025 (Un-Audited) 12,006,225 - 4,600,000 2,053,335 - 234,724,346 253,383,906
Total comprehensive income for the period: |
Profit for the period |
Other comprehensive loss |
- | - | - | - | - | 18,835,123 | 18,835,123 |
- | - | - | (369,090) | - | (195,884) | (564,974) |
- | - | - | (369,090) | - | 18,639,239 | 18,270,149 |
Total comprehensive income for the period: |
Profit for the period |
Other comprehensive loss |
- - - - - 49,611,520 49,611,520 |
- - - (208,714) - - (208,714) |
- - - (208,714) - 49,611,520 49,402,806 |
- - - - 6,000,000 (6,000,000) - |
- - - - - (26,053,508) (26,053,508) |
- - - - - (9,965,167) (9,965,167) |
Balance as at June 30, 2025 (Audited) 12,006,225 - 4,600,000 1,684,245 - 253,363,585 271,654,055
Transfer to general reserve |
Final cash dividend for the year ended June 30, 2025 @ Rs 21.7 per share * |
Interim cash dividend for the year ending June 30, 2026 @ Rs 8.3 per share * |
Balance as at March 31, 2026 (Un-Audited) 12,006,225 - 4,600,000 1,475,531 6,000,000 260,956,430 285,038,186
* Distribution to owners - recorded directly in equity
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.
Nabeel Rasheed | Faheem Haider |
Chief Financial Officer | Managing Director / CEO |
Abid Niaz Hasan |
Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) |
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 |
31.03.2026 | 31.03.2025 | |
(Rupees in thousand) | ||
180,884,543 | 173,279,966 | |
(83,662,018) | (63,299,236) | |
(27,928,001) | (48,628,822) | |
(2,279,907) | (6,589,621) | |
67,014,617 | 54,762,287 |
Cash receipts from customers |
Cash paid to the Government for Government levies |
Cash paid to suppliers, employees and others - net |
Income tax paid |
Cash generated from operating activities
(13,053,007) |
(19,590,040) |
(14,102,766) |
16,719 |
(4,219,500) |
(1,102,000) |
2,233,309 |
2,094,462 |
(47,722,823) |
(7,220,783) |
(15,118,173) |
(5,351,539) |
3,160 |
(7,037,250) |
(10,400,000) |
3,387,602 |
3,974,845 |
(37,762,138) |
Property, plant and equipment |
Development and production assets |
Exploration and evaluation assets |
Proceeds from disposal of property, plant and equipment |
Investment in associate |
Investment in wholly owned subsidiaries |
Income on mutual funds |
Interest received |
Cash utilized in investing activities
Cash flows from financing activities |
Repayment of long term financing |
Redemption of preference shares |
Finance cost paid |
Lease rentals paid - net |
Dividend paid |
Cash utilized in financing activities |
(93,750) (93,750) |
(1,749) (222) |
(24,088) (31,354) |
(1,591,648) - |
(35,629,583) (17,750,219) |
(37,340,818) (17,875,545) |
Decrease in cash and cash equivalents | (18,049,024) | (875,396) | |
Cash and cash equivalents at beginning of the period | 76,925,672 | 74,886,288 | |
Effect of exchange rate changes | (224,114) | 6,483 | |
Cash and cash equivalents at end of the period 19 | 58,652,534 | 74,017,375 |
The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.
Nabeel Rasheed |
Chief Financial Officer |
Faheem Haider | Abid Niaz Hasan |
Managing Director / CEO | Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION |
AS AT MARCH 31, 2026 |
(Un-Audited) | (Audited) |
31.03.2026 | 30.06.2025 |
(Rupees in thousand) | |
(Un-Audited) | (Audited) | |
31.03.2026 | 30.06.2025 | |
(Rupees in thousand) | ||
Note Note
EQUITY AND LIABILITIES ASSETS
SHARE CAPITAL AND RESERVES NON CURRENT ASSETS
Share capital | 4 | 12,006,225 | 12,006,225 | |
Other reserves | 12,075,531 | 6,284,245 | ||
Unappropriated profit | 261,296,921 | 253,596,047 | ||
285,378,677 | 271,886,517 |
114,118,230 |
61,803,417 |
22,669,369 |
20,066,614 |
Property, plant and equipment 9 140,481,273
Development and production assets 10 77,651,798
Exploration and evaluation assets 11 37,795,112
Long term investments 12 23,658,407
Right-of-use asset receivable from joint
2,775,659 |
66,806 |
146,253 |
221,646,348 |
Non-controlling interests 6,048,825 2,012,282 operating partners 13 1,637,241
291,427,502 | 273,898,799 | |
30,130,581 |
Long term loans and advances 45,742
TOTAL EQUITY
NON CURRENT LIABILITIES
Long term deposits and prepayments 449,929 281,719,502
Stores and spares | 14,258,968 | |
Trade debts | 14 | 92,051,805 |
Short term loans and advances | 15 | 9,479,532 |
Short term prepayments | 950,077 | |
Other receivables | 5,385,168 | |
Current portion of right-of-use asset | ||
receivable from joint operating partners | 13 | 1,586,921 |
Short term investments | 37,739,051 | |
Interest accrued | 221,037 | |
Cash and bank balances | 28,784,019 | |
190,456,578 | ||
CURRENT ASSETS
Long term financing | 7,374,725 | 508,959 | ||
Lease liabilities | 5 | 5,245,288 | 6,314,296 | |
Deferred liabilities | 6 | 37,832,559 | 32,904,038 | |
Deferred tax liability | 59,713,354 | 43,133,086 | ||
110,165,926 | 82,860,379 | |||
CURRENT LIABILITIES | ||||
12,681,811 |
86,581,711 |
6,470,316 |
257,820 |
6,375,200 1,396,462 43,904,612 268,098 45,155,755 |
Trade and other payables | 7 | 56,445,136 | 51,098,733 | |
Current portion of long term financing | 143,266 | 147,570 | ||
Current portion of lease liabilities | 5 | 3,756,219 | 3,129,170 | |
Unclaimed dividend | 1,085,503 | 696,411 | ||
Provision for income tax | 9,152,528 | 13,627,071 | ||
70,582,652 | 68,698,955 |
203,091,785
Asset classified as held for sale - 720,000
TOTAL LIABILITIES 180,748,578 151,559,334
CONTINGENCIES AND COMMITMENTS | 8 |
TOTAL EQUITY AND LIABILITIES 472,176,080 425,458,133 TOTAL ASSETS 472,176,080 425,458,133
The annexed notes 1 to 22 form an integral part of these condensed interim consolidated financial statements.
Nabeel Rasheed | Faheem Haider |
Chief Financial Officer | Managing Director / CEO |
Abid Niaz Hasan |
Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UN-AUDITED) |
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 |
Three months period ended | Nine months period ended | ||
31.03.2026 | 31.03.2025 | 31.03.2026 31.03.2025 | |
(Rupees in thousand) | (Rupees in thousand) | ||
54,848,956 51,756,841 157,125,183 149,629,641 |
(6,093,012) (5,564,186) (17,149,260) (15,699,337) |
(577,568) (549,412) (1,676,094) (1,635,423) |
(6,670,580) (6,113,598) (18,825,354) (17,334,760) |
48,178,376 45,643,243 138,299,829 132,294,881 |
(11,241,873) (11,627,786) (33,164,809) (25,157,053) |
(10,962,449) (8,367,722) (31,684,420) (31,583,560) |
(4,875,777) (2,906,257) (8,951,957) (9,627,216) |
(996,337) (882,398) (2,964,131) (2,551,827) |
(1,261,643) (1,537,912) (3,768,366) (4,711,671) |
(29,338,079) (25,322,075) (80,533,683) (73,631,327) |
18,840,297 20,321,168 57,766,146 58,663,554 |
1,164,155 464,078 2,217,634 609,465 |
1,383,480 2,010,922 4,618,163 7,879,951 |
(160,780) (120,561) (356,166) (337,936) |
21,227,152 22,675,607 64,245,777 66,815,034 |
(212,144) (6,594,775) (14,539,302) (20,283,675) |
21,015,008 16,080,832 49,706,475 46,531,359 |
General sales tax |
Excise duty |
Gross sales
Net sales 16
Royalties |
Operating and administrative expenses |
Exploration and prospecting expenditure |
Finance cost |
Other charges |
Other income |
Finance income |
Share of loss in associate |
Profit before taxation
Provision for taxation 17
Profit for the period
Attributable to: |
Equity holders of Mari Energies Limited |
Non-controlling interests |
21,042,295 | 16,053,043 | 49,719,549 | 46,519,571 | |||
(27,287) | 27,789 | (13,074) | 11,788 | |||
21,015,008 | 16,080,832 | 49,706,475 | 46,531,359 |
Earnings per ordinary share (Rupees)
13.37 41.41 38.75
18 | 17.53 |
The annexed notes 1 to 22 form an integral part of these condensed interim consolidated financial statements.
Nabeel Rasheed |
Chief Financial Officer |
Faheem Haider | Abid Niaz Hasan |
Managing Director / CEO | Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) |
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 |
Three months period ended | Nine months period ended | ||
31.03.2026 | 31.03.2025 | 31.03.2026 31.03.2025 | |
(Rupees in thousand) | (Rupees in thousand) | ||
Profit for the period | 21,015,008 | 16,080,832 | 49,706,475 | 46,531,359 |
Other comprehensive (loss) / income: |
Items that will be subsequently reclassified to profit or |
loss: |
(93,298) | 68,478 | (278,285) | 50,828 | |||
23,324 | - | 69,571 | - | |||
(69,974) | 68,478 | (208,714) | 50,828 | |||
20,945,034 | 16,149,310 | 49,497,761 | 46,582,187 |
Effect of translation of investment in a foreign associate
Income tax effect related to effect of translation of |
investment in a foreign associate - deferred tax credit |
Attributable to: |
Equity holders of Mari Energies Limited |
Non-controlling interests |
20,972,321 | 16,121,521 | 49,510,835 | 46,570,399 | |||
(27,287) | 27,789 | (13,074) | 11,788 | |||
20,945,034 | 16,149,310 | 49,497,761 | 46,582,187 |
The annexed notes 1 to 22 form an integral part of these condensed interim consolidated financial statements.
Nabeel Rasheed |
Chief Financial Officer |
Faheem Haider | Abid Niaz Hasan |
Managing Director / CEO | Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 |
Other reserves | |||||||||
Share capital | Capital redemption reserve fund | Self insurance reserve | Foreign currency translation reserve | General reserve | Unappropriated profit | Total | Non-controlling interests | Total equity | |
(Rupees in thousand) | |||||||||
Total comprehensive income for the period: |
Profit for the period |
Other comprehensive income |
- - - - - 46,519,571 | 46,519,571 | 11,788 | 46,531,359 |
- - - 50,828 - - | 50,828 | - | 50,828 |
- - - 50,828 - 46,519,571 | 46,570,399 | 11,788 | 46,582,187 |
10,672,200 (10,590,001) - - - (82,199) | - | - | - |
- - - - - - | - | 2,000,000 | 2,000,000 |
- - - - - (17,875,935) | (17,875,935) | - | (17,875,935) |
Balance as at July 01, 2024 (Audited) 1,334,025 10,590,001 4,600,000 2,002,507 - 206,381,133 224,907,666 - 224,907,666
Issuance of bonus shares * |
Subscription of shares of a subsidiary by non-controlling interests |
Final cash dividend for the year ended June 30, 2024 @ Rs 134.00 per share * |
Balance as at March 31, 2025 (Un-Audited) 12,006,225 - 4,600,000 2,053,335 - 234,942,570 253,602,130 2,011,788 255,613,918
Total comprehensive income for the period: |
Profit for the period |
Other comprehensive loss |
- | - | - - | - | 18,849,361 | 18,849,361 | 494 | 18,849,855 |
- | - | - (369,090) | - | (195,884) | (564,974) | - | (564,974) |
- | - | - (369,090) | - | 18,653,477 | 18,284,387 | 494 | 18,284,881 |
Total comprehensive income for the period: |
Profit for the period |
Other comprehensive loss |
- - - - - 49,719,549 49,719,549 (13,074) 49,706,475 |
- - - (208,714) - - (208,714) - (208,714) |
- - - (208,714) - 49,719,549 49,510,835 (13,074) 49,497,761 |
- - - - - - - 4,049,617 4,049,617 |
- - - - 6,000,000 (6,000,000) - - - |
- - - - - (26,053,508) (26,053,508) - (26,053,508) |
- - - - - (9,965,167) (9,965,167) - (9,965,167) |
Balance as at June 30, 2025 (Audited) 12,006,225 - 4,600,000 1,684,245 - 253,596,047 271,886,517 2,012,282 273,898,799
Subscription of shares of subsidiaries by non-controlling interests |
Transfer to general reserve |
Final cash dividend for the year ended June 30, 2025 @ Rs 21.7 per share * |
Interim cash dividend for the year ending June 30, 2026 @ Rs 8.3 per share * |
Balance as at March 31, 2026 (Un-Audited) 12,006,225 - 4,600,000 1,475,531 6,000,000 261,296,921 285,378,677 6,048,825 291,427,502
* Distribution to owners - recorded directly in equity
The annexed notes 1 to 22 form an integral part of these condensed interim consolidated financial statements.
Nabeel Rasheed |
Chief Financial Officer |
Faheem Haider |
Managing Director / CEO |
Abid Niaz Hasan |
Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |
MARI ENERGIES LIMITED |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS (UN-AUDITED) |
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 |
31.03.2026 | 31.03.2025 | |
(Rupees in thousand) | ||
Cash receipts from customers |
Cash paid to the Government for Government levies |
Cash paid to suppliers, employees and others - net |
Income tax paid |
Cash generated from operating activities |
180,884,543 | 173,279,966 |
(83,662,018) | (63,299,236) |
(26,195,135) | (48,663,211) |
(2,461,576) | (6,662,835) |
68,565,814 | 54,654,684 |
Property, plant and equipment |
Development and production assets |
Exploration and evaluation assets |
Proceeds from disposal of property, plant and equipment |
Investment in associates |
Proceeds from disposal of asset classified as held for sale |
Income on mutual funds |
Interest received |
Cash utilized in investing activities |
(31,297,464) |
(19,590,040) |
(15,033,883) |
21,637 |
(4,220,000) |
720,000 |
2,441,817 |
2,609,620 |
(64,348,313) |
(8,553,044) |
(15,118,173) |
(5,416,099) |
3,160 |
(7,037,250) |
- |
3,387,602 |
4,426,105 |
(28,307,699) |
Cash flows from financing activities |
Repayment of long term financing |
Redemption of preference shares |
Proceeds from long term financing |
Finance cost paid |
Subscription of shares of a subsidiary by non-controlling interests |
Lease rentals paid - net |
Bank balances under lien |
Dividend paid |
Cash utilized in financing activities |
(93,750) (93,750) |
(1,749) (222) |
7,000,000 - |
(224,346) (31,354) |
4,046,317 2,000,000 |
(1,627,573) (8,048) |
(229,784) (580,000) |
(35,629,583) (17,750,219) |
(26,760,468) (16,463,593) |
(Decrease) / increase in cash and cash equivalents | (22,542,967) | 9,883,392 | |
Cash and cash equivalents at beginning of the period | 88,794,367 | 74,886,395 | |
Effect of exchange rate changes | (224,114) | 6,483 | |
Cash and cash equivalents at end of the period 19 | 66,027,286 | 84,776,270 |
The annexed notes 1 to 22 form an integral part of these condensed interim consolidated financial statements.
Nabeel Rasheed |
Chief Financial Officer |
Faheem Haider | Abid Niaz Hasan |
Managing Director / CEO | Director |
Lt Gen Anwar Ali Hyder |
HI(M), (Retd) |
Chairman |