ISLAMABAD: Wafi Energy Pakistan Limited reported a profit after tax of Rs1.523 billion for the first half of 2026, up from Rs1.260 billion in the same period last year, as the company continued expanding its retail network and investing in fuel storage and supply infrastructure.
The company announced its financial results for the six months ended June 30, 2026, following a meeting of its Board of Directors. Despite the stronger half-year result, Wafi Energy posted a loss after tax of Rs641 million in the second quarter.
The company said it maintained fuel supplies to customers during a period marked by volatility in global energy markets and disruptions to international supply routes.
During the first half of the year, Wafi Energy expanded its Shell-branded retail footprint by adding 38 new retail sites, 18 Shell Select stores and two Shell Recharge electric vehicle facilities. It also upgraded eight existing retail sites.
The company said its lubricants business also recorded growth across consumer and industrial segments, supported by new product launches and continued engagement with customers and mechanics.
A major part of Wafi Energy’s latest investment has been the addition of a 7.4-million-litre motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, Khyber Pakhtunkhwa.
According to the company, the additional storage capacity will help improve the movement and availability of fuel closer to demand centres while strengthening supply resilience in northern Pakistan.
Wafi Energy also plans to expand its Shell retail network further across the northern region.
Commenting on the results, Wafi Energy Pakistan Chief Executive Officer Zubair Shaikh said the first half had been challenging for the energy industry because of global supply disruptions and continued cost volatility.
He said the company remained focused on keeping fuel supplies moving, ensuring reliable access to fuels and lubricants and continuing long-term investment in Pakistan.
Wafi Energy Pakistan is the local licensee for Shell fuels and lubricants and is majority-owned by Wafi Energy Holding Limited.
Wafi Holding acquired an 87.78% stake in Shell Pakistan Limited in 2024, marking its entry into Pakistan’s energy market.
The company currently operates a network of more than 700 Shell retail sites across Pakistan, along with oil terminal facilities and a lubricants blending plant. Its lubricant portfolio includes Shell Helix, Rimula and Advance brands.
Wafi Energy also describes itself as the largest private investor in the strategic White Oil Pipeline operated by Pak-Arab Pipeline Company.
The company said it would continue investing in network expansion, infrastructure and supply capabilities as part of its long-term growth strategy in Pakistan.
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