Wafi Energy Pakistan Profit Surges 116% in Nine Months of 2026
WoWafi Energy Pakistan Reports Strong Q3 2026 Results, Profit Jumps to Rs6.56 Billion
Islamabad, October 29, 2026 — Wafi Energy Pakistan Limited (WEPL) has reported a significant increase in profitability for the nine months ended September 30, 2026, posting a profit after tax of Rs6.558 billion compared with Rs3.030 billion in the corresponding period last year.
The company’s Board of Directors announced the financial results alongside a dividend of Rs4 per share, reflecting its performance amid volatility in international oil markets, supply-side pressures and a challenging business environment.
Profit More Than Doubles
WEPL’s profit after tax increased by approximately 116.4% year-on-year, highlighting substantial growth during the first nine months of 2026.
Despite market uncertainties, the company continued to strengthen its retail operations and expand its customer offerings across Pakistan.
Retail Network and EV Charging Expansion
During the reporting period, Wafi Energy Pakistan added 54 new Shell retail sites, 26 Shell Select stores and nine Shell Recharge electric vehicle (EV) charging locations.
The company also continued serving customers through its consumer and industrial lubricants businesses, focusing on product offerings, customer engagement and new strategic partnerships to support retail growth.
Community Development and Climate Initiatives
WEPL continued its community engagement efforts by supporting children’s education through its partnership with The Dawood Foundation’s MagnifiScience Centre.
The company also secured first place in the IFC–Pakistan Business Council’s Climate2Equal initiative for its work under the Access to Energy programme, which supports women and rural communities.
Recognised as Shell Licensee of the Year
During the period, Shell named Wafi Energy Pakistan Limited its Shell Licensee of the Year 2025, recognising the company’s performance among Shell licensees worldwide.
The recognition reflects WEPL’s efforts in maintaining operational standards, strengthening safety practices and improving customer service.
CEO Highlights Growth and Long-Term Investment
Commenting on the results, Wafi Energy Pakistan Chief Executive Officer Zubair Shaikh said the company had continued to grow its business and strengthen its market position during the first nine months of the year.
He highlighted the expansion of the retail network and the growth of non-fuel retail offerings as important steps towards meeting customer needs despite difficult operating conditions.
Shaikh also praised the team’s commitment and said the company would continue investing in its business to build on its progress and create long-term value for shareholders and Pakistan.
Focus on Pakistan’s Evolving Energy Needs
Wafi Energy Pakistan said it would continue building on its operational progress while working to maintain a reliable energy supply and support the country’s evolving energy requirements.
The latest results underline the company’s focus on retail expansion, customer services, community initiatives and investment in Pakistan’s energy sector.
