Wafi Energy reports Rs873m Q1 profit

KARACHI: Wafi Energy Pakistan Limited (formerly Shell Pakistan Limited) reported a profit after tax of Rs873 million for the first quarter of 2025, up from Rs314 million in the same period last year.

In a statement issued on Wednesday, the company said it maintained its market share despite ongoing challenges in the oil industry, including increased operational costs due to changes in the sales tax regime and the continued prevalence of illicit petroleum trade. This performance, the company noted, reflects its operational resilience and robust network management.

Wafi Energy Pakistan Limited (WEPL) said it remains actively engaged with industry stakeholders and regulatory authorities to ensure that industry margins adequately reflect cost pressures.

In its lubricants segment, WEPL recorded growth in both consumer (B2C) and industrial (B2B) markets, securing strategic partnerships with original equipment manufacturers (OEMs) such as Hyundai and Suzuki. The B2B segment also retained its leading position in the mining sector. In the mobility segment, WEPL expanded its Shell-branded retail network by opening four new sites and upgrading three existing stations. The company’s premium fuel, Shell V-Power, achieved its highest-ever quarterly sales volume, with an industry-leading penetration rate.