Wafi Energy Pakistan Reports 148% Profit Growth in Q1 2026 Amid Expansion Drive
KARACHI: Wafi Energy Pakistan Limited (WEPL) has announced strong financial results for the first quarter of 2026, reporting a profit after tax of PKR 2.164 billion for the period ending March 31, 2026, reflecting a significant 148 percent increase compared to PKR 873 million recorded during the same period last year.
KARACHI: Wafi Energy Pakistan Limited (WEPL) has announced strong financial results for the first quarter of 2026, reporting a profit after tax of PKR 2.164 billion for the period ending March 31, 2026, reflecting a significant 148 percent increase compared to PKR 873 million recorded during the same period last year.
The company’s Board of Directors released the quarterly results on Wednesday, attributing the strong performance to stable operations, strategic expansion, and continued investment despite ongoing volatility in global energy markets.
According to the company, Wafi Energy continued expanding its nationwide retail network during the quarter by adding 18 new Shell retail outlets and six new Shell Select convenience stores, while also upgrading six existing Shell stations.
The company also recorded broad-based growth in its lubricants business, particularly in the OEM, mining, process oils, and fleet management segments. In a notable development, Wafi Energy entered into a partnership with Indus Motor Company (IMC), enabling its entry into the Toyota aftermarket lubricants segment in Pakistan.
Apart from financial growth, the company also received recognition in sustainability and workplace diversity initiatives. Wafi Energy won the Circular Economy Award at the 15th International CSR Awards for its environmentally friendly Shell fuel station in Rawalpindi, which was constructed using recycled plastic materials.
Additionally, the company received the HR Metrics DEI Survey 2026 Award in recognition of its strong representation of women in managerial roles.
Commenting on the results, Chief Executive Officer Zubair Shaikh said the quarter was shaped by geopolitical uncertainty and external volatility, but the company remained focused on maintaining energy security, ensuring uninterrupted supply, expanding operations, and investing in sectors critical to Pakistan’s economic needs.
He added that the company intends to continue operating with discipline, focusing on reliable fuel supply, business strengthening, and long-term value creation for shareholders.
Wafi Energy Pakistan stated that it remains committed to operational excellence, strategic growth, and enhancing customer experience while supporting the country’s evolving energy demands.
