Wafi Energy Pakistan posts Rs6.56bn Profit in July-Sept 2026
KARACHI: Wafi Energy Pakistan Limited (WEPL) has reported a profit after tax of Rs6.558 billion for the nine months ended September 30, 2026, up from Rs3.030 billion in the corresponding period last year.
The company announced its financial results for the first nine months of 2026 along with a cash dividend of Rs4 per share, reflecting its performance despite volatility in global oil markets, supply-side pressures and a challenging operating environment.
Wafi Energy Pakistan Expands Retail Network
During the reporting period, Wafi Energy Pakistan continued to expand its retail network by adding 54 new Shell retail sites, 26 Shell Select stores and nine Shell Recharge electric vehicle charging locations.
The company also strengthened its consumer and industrial lubricants businesses through new product offerings and customer engagement initiatives. In addition, new alliances and partnerships supported the growth of its retail operations and enhanced its customer offerings.
Company Recognised for Business Performance
During the period, Shell recognised Wafi Energy Pakistan Limited as its Licensee of the Year 2025 among Shell licensees worldwide.
The recognition highlighted the company’s efforts across its operations, particularly its commitment to operational standards, safety and customer service.
WEPL also continued its community engagement initiatives. Through its partnership with The Dawood Foundation’s MagnifiScience Centre, the company supported children’s education.
Furthermore, WEPL secured first place in the IFC–Pakistan Business Council’s Climate2Equal initiative for its work under the Access to Energy programme. The initiative supports women and rural communities by promoting access to energy.
CEO Highlights Growth and Long-Term Investment
Commenting on the financial results, Wafi Energy Pakistan Chief Executive Officer Zubair Shaikh said the company had continued to grow its business and strengthen its market position during the first nine months of 2026.
He said the expansion of the retail network and increased non-fuel retail offerings had helped the company better serve customers despite challenging market conditions.
Shaikh praised the team’s efforts and commitment, adding that the company would continue investing in its business to create long-term value for shareholders and Pakistan.
Wafi Energy Pakistan Focuses on Future Growth
Wafi Energy Pakistan said it would build on its progress while working to maintain a reliable energy supply and support Pakistan’s evolving energy needs.
The company’s retail expansion, investment in electric vehicle charging infrastructure and focus on customer services remain key elements of its strategy to strengthen its position in Pakistan’s energy market. With its higher nine-month profit and continued investment in retail operations, WEPL aims to sustain its growth and deliver long-term value to shareholders.
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