AKD Research covered the analyst briefing held by Mari Energies Ltd (MARI) today, which provided investors with insights into the FY26 financial results and future outlook.

The company reported net sales of PKR 192 billion in FY26, an 8% year-over-year increase driven by higher sales volumes and improved pricing. Hydrocarbon sales rose 5.5% year-over-year to 41.3 million barrels of oil equivalent (mmboe), up from 39.1 mmboe in FY25. – Net profit increased by 34% year-over-year to PKR 87.1 billion (EPS: PKR 72.5), supported by higher sales volumes, improved pricing, and the reversal of a super tax charge in FY26.

The company also announced a cash payout of PKR 27.0 per share, compared to PKR 21.7 per share in the same period last year. – Mari Energies currently operates 28 onshore blocks and holds interests in 19 non-operated onshore blocks, as well as 18 operated offshore blocks, 6 non-operated offshore blocks, and 1 international non-operated offshore block.

The total exploration and production acreage stands at 155.3 thousand square kilometers, with the addition of 24 offshore exploration blocks and 15 onshore exploration blocks during the year.

Full Report 
MARI — FY26 Analyst Briefing Takeaways (AKD Off the Analyst’s Desk Oct 02, 2026)