Wafi Energy Pakistan Limited achieved a remarkable 148% increase in profit on May 1, 2026, reporting Rs2,164 million after tax. This marks a substantial rise from Rs873 million in the same period last year. The company navigated external volatility and geopolitical challenges to reach this milestone.
During the quarter, Wafi Energy expanded its retail operations significantly. The company added 18 new Shell retail sites and six Shell Select convenience stores. This retail expansion is part of its strategy to enhance market presence.
The lubricants market also showed strong growth for Wafi Energy. The company’s lubricants business benefited from expansion in the OEM and mining segments. Additionally, Wafi Energy signed a partnership with Indus Motor Company to enter the Toyota aftermarket lubricants segment in Pakistan.
Zubair Shaikh, CEO of Wafi Energy, commented on the quarter’s performance. He noted that it was shaped by external volatility and geopolitical challenges. This context highlights the resilience of the company amidst a turbulent environment.
The company’s performance is significant for stakeholders and investors. It reflects not only strong internal management but also an ability to adapt to changing market conditions. As Wafi Energy continues to grow, it may play a vital role in enhancing energy security in the region.