Mari Energies profit rises 35.27% to Rs21.41 billion in 1QFY27

Mari Energies Limited MARI reported consolidated profit of Rs21.41 billion for the three months ended September 30, 2026, an increase of 35.27% from Rs15.82 billion in the same period last year. Earnings per ordinary share rose to Rs17.95 from Rs13.15. Gross sales were Rs64.10 billion, while net sales after sales tax and excise duty reached Rs56.27 billion, up 24.07% year on year.

Operating profit increased 22.70% to Rs27.24 billion. Operating and administrative expenses rose 33.88% to Rs11.39 billion, and royalties increased 22.65% to Rs13.83 billion. Exploration and prospecting expenditure fell 6.54% to Rs2.07 billion, while other charges rose 20.65% to Rs1.67 billion.

Finance income declined 23.03% to Rs1.55 billion, while finance costs increased 6.11% to Rs1.04 billion. The share of profit in an associate fell to Rs7.92 million from Rs34.16 million. Profit before taxation grew 19.30% to Rs27.76 billion, and the provision for taxation decreased 14.65% to Rs6.35 billion.