Wafi Energy Pakistan announces profit of PKR 3.54 billion, delivers strong growth and strategic expansion in 2025
Karachi, February 27, 2026 – The Board of Directors of Wafi Energy Pakistan Limited (WEPL) announced the company’s financial results for the year ended December 31, 2025. The company reported a profit after tax of PKR 3.54 billion, an increase of 7.5% compared with the same period last year. This marks Wafi Energy’s first year in Pakistan, shaped by strong performance, disciplined expansion, and strategic investment.
In 2025, Wafi Energy expanded its Shell retail network, adding 35 new Shell retail sites, including a second eco-friendly Shell site built with recycled plastic, bringing the Shell retail network to over 680 sites nationwide. The Lubricants business continued strong performance across both consumer and industrial segments. Wafi Energy and OEM partnerships were strengthened, and the mining portfolio expanded, alongside growth in indirect and process oil segments.
Commenting on the results, Zubair Shaikh, Chief Executive Officer, said, “We delivered a strong business performance in 2025 and importantly, we did so while investing to grow. Our focus through the year was clear – to expand in priority growth areas, establish Wafi Energy in Pakistan and strengthen the Shell customer experience. In 2026, our ambition is to accelerate growth, build shareholder value and continue investing in the energy future for Pakistan.”
In 2026, Wafi Energy Pakistan Limited remains focused on operational excellence, growth, and generating shareholder value. Last year, the Board in-principle authorized management to explore potential investment and acquisition opportunities in the oil marketing sector. The company is also advancing its investment strategy by planning a Dubai-based subsidiary to expand commercial activities and strengthen its regional presence. This strategic move underscores Wafi Energy’s commitment to sustainable growth and expanding its footprint.
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 680+ 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.