Wafi Energy Pakistan Limited, formerly known as Shell Pakistan Limited, reported a loss after tax of Rs641 million in the second quarter ended June 30, 2026, compared with a profit after tax (PAT) of Rs422 million in the same period last year.
Consequently, the OMC posted a loss per share of Rs3 during the quarter ended June 30, 2026, as compared to an earnings per share of Rs1.89.
However, Wafi Energy posted a PAT of Rs1,523 million for the half year ended June 30, 2026, compared with Rs1,260 million in the same period last year, showing a growth of 21%.
Throughout a period of disruption in global energy markets and sustained volatility, the company maintained reliable supply to customers, Wafi Energy said in a statement on Thursday.
During the period, the company expanded its network, adding 38 new Shell retail sites, 18 new Shell Select stores, 2 EV Shell Recharge facilities and upgrading eight existing retail sites.
The lubricants business grew across its consumer and industrial segments during the period, supported by product launches and sustained investment in customer and mechanic engagement.
Recently, the company inaugurated a new 7.4-million-litre motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, KPK. Wafi Energy shared that the facility adds storage capacity and improves the ability to hold and move products closer to demand, supporting supply resilience across the region.
Wafi Energy Pakistan posts Rs3.54bn profit
With this investment, Wafi Energy also plans to expand its Shell retail network across northern Pakistan, it said.
Commenting on the performance, Zubair Shaikh, Chief Executive Officer, said, “This has been a demanding half for the industry, with disruption to global supply routes and continued volatility in costs. Our aim has been simple: keep supply moving, provide customers with reliable fuels and lubricants, and keep investing in long-term value creation for shareholders and the country.”
Wafi Energy Pakistan Limited is a licensee for Shell fuel and lubricants in Pakistan. Wafi Energy Pakistan is majority owned by Wafi Energy Holding Limited (Wafi Holding).
In 2024, Wafi Holding acquired an 87.78% stake in Shell Pakistan Limited, marking its entry into the Pakistani market. This transition represents more than just a change in ownership; it signals a strategic foreign GCC investment aimed at expanding the country’s energy and fuel retail industry infrastructure.
The company is the largest private investor in the strategic White Oil Pipeline operated by Pak-Arab Pipeline Company (PAPCO).
