Wafi Energy Pakistan Limited reported a 148% increase in profit on May 1, 2026, amid external volatility and geopolitical challenges. The company achieved a profit after tax of Rs2,164 million, up from Rs873 million in the same period last year.
The company expanded its retail footprint significantly. It added 18 new Shell retail sites and six Shell Select convenience stores during the quarter.
Growth in Wafi Energy’s lubricants business was notable. This growth was supported by expansion in the OEM and mining segments.
Additionally, Wafi Energy signed a partnership with Indus Motor Company. This partnership aims to enter the Toyota aftermarket lubricants segment in Pakistan.
Zubair Shaikh, CEO of Wafi Energy, commented on the challenging environment. He stated, “This has been a quarter shaped by external volatility and geopolitical challenges.” This highlights the difficulties faced by the company despite its impressive profit growth.
This financial performance is crucial for stakeholders. It indicates resilience amid market fluctuations and positions Wafi Energy for future opportunities in the lubricants market.
