Wafi Energy gaining steam, profits top Rs3.5bn

February 27, 2026 (MLN): Wafi Energy Pakistan Limited (PSX: WAFI) has demonstrated a 7.5% increase in net profit for the year ended December 31, 2025. The company’s bottom line reached Rs3.54 billion, up from Rs3.30 billion in the previous year. 

The company also announced a cash dividend for the year ended December 31, 2025, at the rate of Rs. 4 per share i.e. 40%. This is in addition to the interim dividend at the rate of Rs. 3 per share i.e. 30%.

The company’s net sales crossed the Rs468 billion mark, representing a healthy 9.6% growth over 2024.

More impressively, Wafi Energy managed to grow its Gross Profit by over 21%, indicating that it successfully navigated fluctuating global energy prices while maintaining its margins.

This operational success was further supported by a 5.7% reduction in finance costs, showcasing better debt management or a more favourable interest rate environment during the year.

However, the company faced substantial headwinds on the expense side. Other operating expenses more than doubled, while distribution and marketing costs rose by nearly 15% to support the increased sales activity.

Additionally, the company's share of profit from its associates saw a slight decline of 5.8%, contributing less to the overall pre-tax earnings than in the prior year.

Despite a massive Rs4.6 billion tax bill, Wafi Energy successfully delivered an Earnings Per Share (EPS) of Rs. 16.56, compared to Rs. 15.41 last year.

In 2025, Wafi Energy expanded its Shell retail network, adding 35 new Shell retail sites, including a second eco-friendly Shell site built with recycled plastic, bringing the Shell retail network to over 680 sites nationwide.

The Lubricants business continued strong performance across both consumer and industrial segments.

Wafi Energy and OEM partnerships were strengthened, and the mining portfolio expanded, alongside growth in indirect and process oil segments. 

Commenting on the results, Zubair Shaikh, Chief Executive Officer, said, “We delivered a strong business performance in 2025, and importantly, we did so while investing to grow. Our focus through the year was clear – to expand in priority growth areas, establish Wafi Energy in Pakistan and strengthen the Shell customer experience. In 2026, our ambition is to accelerate growth, build shareholder value and continue investing in the energy future for Pakistan.”

In 2026, Wafi Energy Pakistan Limited remains focused on operational excellence, growth, and generating shareholder value.

Last year, the Board in-principle authorized management to explore potential investment and acquisition opportunities in the oil marketing sector.

The company is also advancing its investment strategy by planning a Dubai-based subsidiary to expand commercial activities and strengthen its regional presence.

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