Wafi Energy Pakistan reports Q3 2026 results
The Board of Directors of Wafi Energy Pakistan Limited (WEPL) announced its financial results for the nine months ended September 30, 2026. WEPL reported a profit after tax of PKR 6,558 million for the first nine months of the year, compared with PKR 3,030 million in the same period last year. The results were announced amid continued volatility in global oil markets, supply-side pressures and a…
The Board of Directors of Wafi Energy Pakistan Limited (WEPL) has reported its financial results for Q3 2026. The company achieved a profit after tax of PKR 6,558 million for the nine months ending September 30, 2026, compared to PKR 3,030 million in the same period last year. This growth came amidst ongoing volatility in global oil markets, supply-side pressures, and a difficult operating environment.
As part of its financial announcements, WEPL declared a dividend of PKR 4 per share. The company has continued to broaden its retail network, adding 54 new Shell retail sites, 26 Shell Select stores, and 9 Shell Recharge electric vehicle charging locations during the reporting period. The company's commitment to serving its customers is evident through its focus on retail and industrial lubricants businesses, as well as customer engagement.
WEPL's growth has been further bolstered by new alliances and partnerships, which have supported the expansion of its retail business and customer offerings. The company's dedication to community initiatives is highlighted by its partnership with The Dawood Foundation's MagnifiScience Centre, which supports children's education.
WEPL's efforts were recognized by Shell, which named the company as Shell Licensee of the Year 2025, among all Shell licensees worldwide. This recognition is a testament to WEPL's commitment to operational standards, safety, and customer service throughout its business operations. In addition, WEPL secured the top spot in the IFC–Pakistan Business Council's Climate2Equal initiative, showcasing its work through the Access to Energy programme, which aims to support women and rural communities.
Speaking on the results, WEPL's Chief Executive Officer, Zubair Shaikh, expressed pride in the company's growth and the achievements of its team. Despite the challenging operating environment, WEPL has expanded its retail network and increased its non-fuel retail offerings to better serve customers. Shaikh emphasized the company's commitment to investing in its business and building on this progress to create long-term value for its shareholders and Pakistan.
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