KARACHI: Wafi Energy Pakistan Limited (WEPL) reported a profit after tax of Rs2.16 billion, compared with Rs873 million in first quarter of 2026, a growth of 148 percent. The performance reflects steady operations and continued investment through a period of considerable global energy market volatility.
The quarter also brought external recognition across two distinct areas of the company’s work. Wafi Energy won the Circular Economy Award at the 15th International CSR Awards for its eco-friendly Shell fuel station in Rawalpindi, which is constructed using recycled plastic. The company received an HR Metrics DEI Survey 2026 award to recognize leading representation of women at the managerial level.
Wafi Energy continued to expand its retail footprint, adding 18 new Shell retail sites, 6 new Shell Select convenience stores and upgrading 6 Shell stations.
During the quarter, growth in the Lubricants business was broad-based, with expansion in the OEM and mining segment, growth in process oils and continued strength in fleet channels. The company signed a partnership with Indus Motor Company (IMC), marking entry into the Toyota aftermarket lubricants segment in Pakistan.
Commenting on the performance, Zubair Shaikh, Chief Executive Officer, said “This has been a quarter shaped by external volatility and geopolitical challenges. Our focus has been to preserve energy security, keep supply steady, expand the network, and continue investing in areas that matter for Pakistan’s needs. The result this quarter reflects our approach, and we intend to operate with the same discipline - supplying the country reliably, strengthening the business, and delivering long-term value for our shareholders.”
Copyright Business Recorder, 2026
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