KARACHI: Wafi Energy Pakistan Limited (WEPL) reported a profit after tax of Rs3.54 billion for the year ended in December 2025, registering a growth of 7.5 percent compared with the previous year, as the company expanded its retail network and lubricant business during its first full year of operations in Pakistan. The financial results were approved by the company’s Board of Directors, which noted that 2025 marked the company’s first year of operations following its entry into Pakistan’s oil marketing sector. During the year, the company expanded its Shell retail network by adding 35 new fuel stations, including a second environmentally friendly outlet constructed using recycled plastic materials. The expansion increased the nationwide Shell retail network to more than 680 sites. The company said its lubricants segment also delivered strong performance across both consumer and industrial categories. Wafi Energy strengthened partnerships with original equipment manufacturers (OEMs), expanded its mining portfolio, and recorded growth in indirect and process oil segments. Chief Executive Officer Zubair Shaikh said the company maintained a focus on expansion and customer service while continuing to invest in growth areas during the year. The company said it plans to continue focusing on operational efficiency and business expansion in 2026, with the objective of enhancing shareholder value. The Board has also authorised management in principle to explore potential investment and acquisition opportunities in Pakistan’s oil marketing sector as part of its growth strategy. In addition, Wafi Energy is planning to establish a Dubai-based subsidiary to expand commercial activities and strengthen its regional presence, the company said. Copyright Business Recorder, 2026