Karachi: Wafi Energy Pakistan Limited, a leading oil marketing company, reported robust financial results for the nine months ending September 30, 2026, despite facing a challenging macroeconomic environment. The profit before taxation for the period stood at PKR 11,441 million, while taxation accounted for PKR 4,882 million, resulting in a net profit of PKR 6,559 million. The profit per share, both basic and diluted, was recorded at PKR 30.64.
The company's quarterly report, dated October 30, 2026, highlights significant achievements across its business segments, including motor fuel and lubricants, despite rising inflation and geopolitical uncertainties. Inflation averaged 10.2% during the third quarter of 2026, compared to 4.2% in the same period last year. The State Bank of Pakistan maintained its policy rate at 11.5% throughout the quarter.
According to information available from the Pakistan Stock Exchange (PSX), Wafi Energy's performance was supported by disciplined cost management and operational efficiency improvements. The company's ability to adapt to market dynamics and manage costs effectively has been crucial in navigating the economic challenges.
The company's nationwide expansion strategy remains on track, with 54 new sites added by the end of the third quarter, bringing the total network to 731 sites. The opening of the Tarujabba tank has further solidified its presence in Khyber Pakhtunkhwa, enhancing brand accessibility and consumer reach. The non-fuel retail sector also saw growth, with nine new Shell Select stores opened and an increase in daily sales year-on-year.
In the lubricants sector, Wafi Energy continued to drive brand engagement and consumer promotions, launching new communication strategies and engaging mechanics through targeted events. The expansion of the lubricant mechanic engagement platform to sub-dealers marks a significant milestone in strengthening relationships within the trade community.
The report also sheds light on the company's commitment to Environmental, Social, and Governance (ESG) objectives. Wafi Energy was recognized for its efforts in the ClimatezEqual category at the Pakistan Business Council and International Finance Corporation Employer of Choice Awards. The company's Access to Energy programme aims to empower rural communities by combining solar technology with training and capacity building.
Wafi Energy's strategic initiatives in digital commerce, alliances, and community engagement have contributed to its sustained growth and resilience. The company's focus on sustainable growth and long-term value creation remains a priority as it continues to navigate the economic landscape.