Islamabad, August 27, 2026: Wafi Energy Pakistan Limited reported a loss after tax of PKR 641 million in the second quarter, reversing the strong performance recorded in the first three months of the year.
Despite the quarterly setback, the company’s half-year profit after tax increased to PKR 1.523 billion, compared with PKR 1.260 billion during the same period last year.
Global Disruptions Pressure Second-Quarter Results
Wafi Energy attributed the quarterly loss to disruptions along global energy routes and significant volatility in input costs.
The company said the challenging market environment affected its April-June performance, although it continued supplying fuel and lubricants to customers throughout the period.
CEO Zubair Shaikh described the first half as a demanding period for the industry, saying the company remained focused on disciplined investment and maintaining supply security.
Wafi Energy Expands Shell Retail Network
Despite the Q2 loss, Wafi Energy continued expanding its retail and consumer network in Pakistan.
During the period, the company added:
- 38 new Shell retail sites
- 18 Shell Select stores
- 2 EV Shell Recharge facilities
- Upgrades at 8 existing sites
The company also reported growth in consumer and industrial lubricants, supported by new products and outreach programmes targeting mechanics.
New Fuel Storage Strengthens Northern Supply
Wafi Energy has also expanded its storage capacity with the opening of a 7.4-million-litre motor gasoline tank at the Tarru Jabba terminal in Nowshera, Khyber Pakhtunkhwa.
The additional storage capacity is intended to position fuel closer to demand in northern Pakistan and support the company’s planned expansion of its Shell retail network in the region.
Long-Term Investment Strategy Continues
While the second-quarter loss highlights the impact of global energy-market volatility on fuel businesses, Wafi Energy says it remains committed to investing in Pakistan.
The company’s continued expansion of retail outlets, EV charging infrastructure, lubricant products and fuel storage indicates a strategy focused on network growth and supply resilience rather than short-term quarterly performance alone.
The key challenge ahead will be managing international energy-price volatility and supply disruptions while maintaining profitability and funding continued investment.