Wafi Energy reports slight decline in half-year earnings

August 22, 2025 (MLN): Wafi Energy Pakistan Limited (PSX: WAFI) reported a profit after tax of Rs1.28 billion for the half year ended June 30, 2025, compared to Rs1.32bn in the same period last year, reflecting a slight decline of 3.08% in profitability.

The company’s sales inched up by 0.92%, reaching Rs225.6bn against Rs223.54bn in the previous year, while total revenue grew by 1.03% to Rs226.32bn.

Net revenue stood at Rs221.7bn, an increase of 0.85% from last year’s Rs219.84bn.

Gross profit rose by 12.13% to Rs13.94bn, supported by a modest 0.17% increase in the cost of products sold, which amounted to Rs207.76bn.

Distribution and marketing expenses decreased by 15.99% to Rs5.31bn, while administrative expenses declined by 20.53% to Rs4.59bn.

However, other expenses grew by 8.23% to Rs1.23bn.

Other income dropped sharply by 71.31% to Rs999.65m, compared to Rs3.48bn a year earlier.

As a result, operating profit improved by 16.87% to Rs3.81bn.

Finance costs rose by 11.74% to Rs1.17bn, while the share of profit from associates decreased by 11.08% to Rs1.12bn.

Profit before income tax increased by 20.16% to Rs3.38bn, compared to Rs2.81bn last year.

Total income tax expense surged by 40.65% to Rs2.10bn, driven by higher current tax of Rs2.02bn and deferred tax of Rs77.98m.

Earnings per share (EPS) for the half year came in at Rs5.97, down from Rs6.16 in the previous year.

 Copyright Mettis Link News