Karachi: Wafi Energy Pakistan Limited (WEPL), formerly known as Shell Pakistan Limited, reported a significant increase in profit for the first quarter of 2025, the company announced. For the period ending March 31, WEPL recorded a profit after tax of PKR 873 million, a substantial rise from PKR 314 million reported in the same period last year.

Despite facing persistent challenges in the oil industry, such as increased operational costs due to changes in the sales tax regime and ongoing illicit petroleum trade, WEPL managed to maintain its market share. The company attributed this success to robust network controls and its operational resilience.

In response to these challenges, WEPL has been actively collaborating with industry stakeholders and engaging with regulatory authorities to ensure that industry margins are reflective of the current cost pressures.

The Lubricants division of the company saw significant growth in both the consumer (B2C) and industrial (B2B) segments. Strategic partnerships were secured with Original Equipment Manufacturers (OEMs) like Hyundai and Suzuki, while the B2B segment continued its leadership in the mining sector.

Within the Mobility segment, WEPL expanded its Shell-branded retail network by adding four new sites and upgrading three existing stations. The company's premium fuel, Shell V-Power, achieved its highest-ever quarterly volume, setting an industry-leading penetration rate.

WEPL also emphasized its commitment to social responsibility through its Tameer platform, which trained 52 entrepreneurs in Lahore and Rawalpindi. In celebration of International Women's Day, the company organized a vehicle maintenance and safety session for women in Karachi, imparting crucial automotive knowledge and road safety tips.

The company reiterated its dedication to operational excellence, safety, financial stability, and its role in contributing positively to society.