Karachi: MARI Energies Limited (MARI) held its Analyst Briefing today to discuss its financial performance and outlook. To recall, the company reported standalone earnings of Rs46.3bn for 9MFY25, down 10% YoY, translating into an EPS of Rs38.56. The decline was primarily driven by lower volumes and higher royalty and additional wellhead charge.
According to JS Global, the company has been actively working to expand its production reserves through exploratory activities. Recent discoveries including Spinwam, Soho, and Pateji X-1 along with the commencement of production at the Shewa field and appraisal activities at the Shawal and Ghazij fields, bode well for future production prospects.
Apart from the core business, the company is also diversifying into mineral exploration and technology avenues. The company has entered into joint venture agreements and MOUs with both local and foreign entities to tap into mining opportunities.