Last close · 16 Oct 2026
Rs 630.73 -0.15%
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 630.73 (close on 16 Oct 2026) the shares trade at 8.7× earnings (FY2026) and 2.35× 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 | FY2021 Jul 2020 – Jun 2021 | FY2020 * Jul 2019 – Jun 2020 | FY2019 * Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 * Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 191.7 | 177.1 | 181.8 | 145.8 | 95.1 | 73.0 | 63.2 | 51.9 | 35.5 | 24.6 |
| Gross profit | 127.3 | 125.9 | 149.2 | 119.9 | 78.8 | 59.7 | 50.5 | 41.2 | 26.7 | 18.8 |
| Operating profit | 81.5 | 81.1 | 104.3 | 78.9 | 51.2 | 41.1 | 36.4 | 33.2 | 19.9 | 11.6 |
| Profit after tax | 86.8 | 65.4 | 77.3 | 56.1 | 33.1 | 31.4 | 30.3 | 24.3 | 15.4 | 9.1 |
| Profit attributable to shareholders | 86.9 | 65.4 | 77.3 | 56.1 | 33.1 | 31.4 | 30.3 | 24.3 | 15.4 | 9.1 |
| EPS – basic (Rs) Rs | 72.36 | 54.45 | 64.37 | 46.75 | 27.54 | 26.19 | 25.25 | 20.26 | 12.81 | 7.61 |
| Dividend per share (Rs) Rs | 27.00 | 21.70 | 25.78 | 16.33 | 13.78 | 15.67 | 0.68 | 0.61 | 0.55 | 0.48 |
| Total assets | 498.2 | 425.5 | 346.6 | 254.6 | 185.1 | 150.4 | 282.1 | 220.1 | 144.2 | 93.6 |
| Total equity | 329.5 | 273.9 | 224.9 | 168.4 | 130.9 | 115.5 | 93.1 | 63.6 | 40.2 | 25.5 |
| Total debt | 16.8 | 10.1 | 0.7 | 0.8 | 0.8 | — | — | 0.0 | 0.1 | 5.1 |
| Net cash from operating activities | 104.9 | 87.9 | 110.2 | 60.3 | 52.0 | 33.8 | 36.4 | 22.2 | 20.6 | 7.2 |
| Capital expenditure | (96.5) | (50.9) | (48.7) | (42.2) | (39.5) | (26.2) | (12.6) | (9.9) | (6.3) | (4.3) |
| Free cash flow (operating cash flow − capex) | 8.4 | 37.0 | 61.5 | 18.0 | 12.5 | 7.6 | 23.8 | 12.4 | 14.4 | 2.9 |
| 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.