Mari Energies Limited (MARI)

Mari Energies Limited announced that the Federal Government has approved the renewal of the Mari Development and Production Lease (Mari D&PL) in District Ghotki until November 10, 2065. The company holds a 100% working interest and acts as the operator, securing continued operations and future exploration investments.

Mari Energies Limited announced its financial results for the year ended June 30, 2026, reporting a consolidated profit after tax of PKR 86.83 billion (EPS: PKR 72.36) compared to PKR 65.38 billion (EPS: PKR 54.45) in the previous year. The Board of Directors has recommended a final cash dividend of PKR 18.70 per share (187%), bringing the total cash dividend for the year to PKR 27.00 per share (270%). Additionally, the company highlighted record hydrocarbon sales, exceptional reserve replacement, and various operational expansions across its exploration and technology portfolios.

Mari Energies Limited announced that it has issued a Letter of Award to Universal Gas Distribution Company (Pvt) Ltd for the sale of up to 17.5 MMscfd of gas from the Spinwam Gas Discovery in the Waziristan Block following a competitive bidding process. Mari Energies holds a 55% working interest as the operator in the block, alongside joint venture partners OGDCL and Orient Petroleum Inc.