Last close · 16 Oct 2026
Rs 633.13 +0.23%
Financials
Mari Energies Limited (MARI) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
Mari Energies Limited (MARI) reported revenue of Rs 191.7 bn for FY2026 (Jul 2025 – Jun 2026), up 8.2% from FY2025.
Profit attributable to shareholders was Rs 86.9 bn (EPS Rs 72.36), up 32.9%, a net margin of 45.3%.
It declared a dividend of Rs 27.00 per share for FY2026 and has paid a dividend in each of the last 20 years.
The balance sheet showed net cash of Rs 51.9 bn.
Return on equity was 29.2%.
Over the last five years revenue grew at a compound 21.3% a year.
At Rs 633.13 (close on 16 Oct 2026) the shares trade at 8.7× earnings (FY2026) and 2.36× book value, with a dividend yield of 4.3%.
Fundamentals
MARI at a glance
Revenue · FY2026
Rs 191.7 bn
▲ 8.2% year on year
Profit attributable to shareholders · FY2026
Rs 86.9 bn
▲ 32.9% year on year
EPS – basic (Rs) · FY2026
Rs 72.36
▲ 32.9% year on year
Dividend per share (Rs) · FY2026
Rs 27.00
▲ 24.4% year on year
Net margin · FY2026
45.3%
+8.4 pts year on year
Debt to equity · FY2026
5.1%
+1.4 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 191.7 bn
- Profit attributable · FY2026
- Rs 86.9 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 498.2 bn
- Equity · FY2026
- Rs 322.5 bn
Financial highlights
MARI financial results
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 * Jul 2022 – Jun 2023 | FY2022 * Jul 2021 – Jun 2022 |
|---|---|---|---|---|---|
| Revenue | 191.7 | 177.1 | 181.8 | 145.8 | 95.1 |
| Gross profit | 127.3 | 125.9 | 149.2 | 119.9 | 78.8 |
| Operating profit | 81.5 | 81.1 | 104.3 | 78.9 | 51.2 |
| Profit after tax | 86.8 | 65.4 | 77.3 | 56.1 | 33.1 |
| Profit attributable to shareholders | 86.9 | 65.4 | 77.3 | 56.1 | 33.1 |
| EPS – basic (Rs) Rs | 72.36 | 54.45 | 64.37 | 46.75 | 27.54 |
| Dividend per share (Rs) Rs | 27.00 | 21.70 | 25.78 | 16.33 | 13.78 |
| Total assets | 498.2 | 425.5 | 346.6 | 254.6 | 185.1 |
| Total equity | 329.5 | 273.9 | 224.9 | 168.4 | 130.9 |
| Total debt | 16.8 | 10.1 | 0.7 | 0.8 | 0.8 |
| Net cash from operating activities | 104.9 | 87.9 | 110.2 | 60.3 | 52.0 |
| Capital expenditure | (96.5) | (50.9) | (48.7) | (42.2) | (39.5) |
| Free cash flow (operating cash flow − capex) | 8.4 | 37.0 | 61.5 | 18.0 | 12.5 |
| Rs bn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 191.7 | 53.4 | 48.2 | 44.8 | 45.4 | 44.8 | 45.6 | 41.4 | 45.3 |
| Gross profit | 145.9 | 40.8 | 36.9 | 34.1 | 34.1 | 34.3 | 34.0 | 33.3 | 39.8 |
| Operating profit | 81.5 | 18.5 | 21.0 | 19.7 | 22.2 | 19.3 | 21.7 | 13.4 | 26.8 |
| Profit after tax | 86.8 | 37.1 | 21.0 | 12.9 | 15.8 | 18.8 | 16.1 | 11.2 | 19.2 |
| Profit attributable to shareholders | 86.9 | 37.2 | 21.0 | 12.9 | 15.8 | 18.8 | 16.1 | 11.3 | 19.2 |
| EPS – basic (Rs) Rs | 72.37 | 30.95 | 17.53 | 10.73 | 13.15 | 15.70 | 13.37 | 9.38 | 15.99 |
| Dividend per share (Rs) Rs | 27.00 | 18.70 | 0.00 | 8.30 | 0.00 | 21.70 | 0.00 | 0.00 | 0.00 |
| Total assets | 498.2 | 498.2 | 472.2 | 449.3 | 414.1 | 425.5 | 403.1 | 367.4 | 355.8 |
| Total equity | 329.5 | 329.5 | 291.4 | 280.4 | 266.6 | 273.9 | 255.6 | 239.5 | 226.2 |
| Total debt | 16.8 | 16.8 | 16.5 | 12.8 | 9.7 | 10.1 | 10.7 | 0.9 | 0.7 |
| Net cash from operating activities | 104.9 | 31.5 | 31.0 | 27.6 | 14.9 | 25.5 | 18.5 | 13.7 | 30.2 |
| Capital expenditure | (131.2) | (65.2) | (24.1) | (29.3) | (12.5) | (21.9) | (8.6) | (11.4) | (9.1) |
| Free cash flow (operating cash flow − capex) | (26.2) | (33.7) | 6.8 | (1.7) | 2.3 | 3.6 | 9.9 | 2.3 | 21.2 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.