Wafi Energy Pakistan reports H1 2026 results, continues investing in supply infrastructure and energy security
Islamabad, 27th August 2026 – The Board of Directors of Wafi Energy Pakistan Limited (Wafi Energy) today announced the company’s financial results for the half year ended June 30, 2026. The company reported a profit after tax of PKR 1,523 million for the half year, compared with PKR 1,260 million in the same period last year. The half-year result includes a loss after tax of PKR 641 million in the second quarter. Through a period of disruption in global energy markets and sustained volatility, the company maintained reliable supply to customers.
Wafi Energy continued to expand its network in this period, adding 38 new Shell retail sites, 18 new Shell Select stores, 2 EV Shell Recharge facilities and upgrading eight existing retail sites. The lubricants business grew across its consumer and industrial segments during the period, supported by product launches and sustained investment in customer and mechanic engagement. Together, this extends access to Shell fuels, lubricants and convenience services for customers across the country.
Recently, the company inaugurated a new 7.4-million-liter motor gasoline storage tank at its Tarru Jabba terminal in Nowshera, KPK. The facility adds storage capacity and improves the ability to hold and move products closer to demand, supporting supply resilience across the region. With this investment, Wafi Energy also plans to expand its Shell retail network across northern Pakistan.
Commenting on the performance, Zubair Shaikh, Chief Executive Officer, said, “This has been a demanding half for the industry, with disruption to global supply routes and continued volatility in costs. Our performance reflects disciplined investment and execution and focus on supply security. Our aim has been simple: keep supply moving, provide customers with reliable fuels and lubricants, and keep investing in long term value creation for shareholders and the country.”
Wafi Energy remains focused on long-term growth in Pakistan, with continued investment in its network and capabilities to strengthen reliable energy supply and support the country’s evolving energy needs.
About Wafi Energy Pakistan Limited
Wafi Energy Pakistan Limited is a licensee for Shell fuel and lubricants in Pakistan. Wafi Energy Pakistan is majority owned by Wafi Energy Holding Limited (“Wafi Holding”).
In 2024, Wafi Holding acquired an 87.78% stake in Shell Pakistan Limited, marking its entry into the Pakistani market. This transition represents more than just a change in ownership; it signals a strategic foreign GCC investment aimed at expanding the country’s energy and fuel retail industry infrastructure. It is important to note that an associated company to Wafi Holding has an agreement with Shell Brands International AG to be the sole representative of the Shell brand for fuel stations in Saudi Arabia. The strategic acquisition in Pakistan allows Wafi Holding to expand its energy business and strengthen its presence in the country, where Shell has a 79-year history.
Wafi Energy Pakistan Limited stands as one of the oldest and established energy partners in the industry and a leading player in the lubricants market in Pakistan. The company has a network of 700+ Shell retail sites, countrywide oil terminal facilities, Lubricants oil blending plant, and a broad portfolio of global Shell Lubricant brands including Helix, Rimula and Advance lubricants. The company is the largest private investor in the strategic White Oil Pipeline operated by Pak-Arab Pipeline Company (PAPCO). With a legacy since 1947 in the country, the company has endeavored to support Pakistan’s developmental priorities.