Wafi Energy Pakistan Limited (WEPL) reported a profit after tax of Rs6,558 million for the nine months ended September 30, 2026, more than doubling from Rs3,030 million recorded during the corresponding period last year.
Thank you for reading this post, don't forget to subscribe!The company’s board also announced an interim dividend of Rs4 per share, reflecting its improved financial performance amid volatile global oil markets and challenging operating conditions.
During the period, Wafi Energy expanded its retail network by adding 54 Shell retail sites, 26 Shell Select stores and nine Shell Recharge electric vehicle charging locations. The company also continued to strengthen its consumer and industrial lubricants businesses.
Chief Executive Officer Zubair Shaikh said the company had expanded its business and strengthened its market position despite a challenging operating environment, reaffirming its commitment to long-term investment and shareholder value.
Wafi Energy also received international recognition, with Shell naming it Licensee of the Year 2025 among its global licensees. Additionally, the company secured first place in the IFC-Pakistan Business Council’s Climate2Equal initiative for its Access to Energy programme.
