Mari Energies posts Rs21.8bn Q1 profit on stronger prices

Higher gas output from Shawal and Shams, firmer oil and gas prices, and a lower tax rate lifted the listed producer’s first-quarter results for FY27.

Mari Energies profit rose 39% year-on-year to Rs21.8 billion in 1QFY27.

Net sales increased 24% to Rs56.2 billion; EPS reached Rs18.13 versus Rs13.03 a year earlier.

Shawal output rose sharply and Shams added 21 mmcfd, while Shewa fell 37% after an SNGPL pipeline rupture.

Exploration spending eased 7% to Rs2 billion; the effective tax rate was 23%, down from 32%.

Trade debt stood at Rs89.3 billion and cash fell to Rs45 billion from Rs59 billion in the previous quarter.

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