KARACHI: Wafi Energy Pakistan Limited (WEPL) reported a robust financial performance for the first quarter of 2026, posting a profit after tax of Rs2.16 billion compared to Rs873 million in the same period last year—an impressive increase of 148 percent.
The growth comes amid a backdrop of global energy market volatility, underscoring the company’s operational resilience and continued strategic investments.
During the quarter, WEPL also earned recognition on multiple fronts. The company received the Circular Economy Award at the 15th International CSR Awards for its environmentally sustainable Shell fuel station in Rawalpindi, built using recycled plastic materials. Additionally, it was honoured with the HR Metrics DEI Survey 2026 award for its strong representation of women in managerial roles.
Expanding its retail footprint, the company added 18 new Shell fuel stations, six Shell Select stores, and upgraded six existing sites across the country.
In the lubricants segment, growth remained broad-based, driven by expansion in OEM partnerships, mining operations, and process oils, alongside continued strength in fleet channels. A key development during the quarter was WEPL’s partnership with Indus Motor Company, marking its entry into the Toyota aftermarket lubricants segment in Pakistan.
Commenting on the results, CEO Zubair Shaikh highlighted the company’s focus on ensuring energy security, maintaining supply continuity, and investing in critical areas to support Pakistan’s evolving energy needs. He reaffirmed WEPL’s commitment to sustainable growth and long-term value creation for shareholders.
