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Oil & Gas Marketing Companies

WAFI Wafi Energy Pakistan Limited

Latest results: FY2025 · Dec 2025

Watch WAFI · free results alerts

Last close · 16 Oct 2026

Rs 155.00 +0.92%

Annual · FY2007 – FY2025

Wafi Energy Pakistan Limited (WAFI) income statement

Wafi Energy Pakistan Limited reported revenue of Rs 468.9 bn for FY2025 (Jan – Dec 2025), up 9.6% on FY2024. Gross profit came to Rs 28.4 bn, a gross margin of 6.1%. Operating profit was Rs 7.9 bn (an operating margin of 1.7%). Finance cost was Rs 1.3 bn, up 37.5% on FY2024. Tax of Rs 4.6 bn took 74.4% of pre-tax profit. Profit attributable to shareholders was Rs 3.5 bn, up 7.5% on FY2024, or Rs 16.56 per share.

WAFI income statement (annual) (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Revenue 468.9 427.9 431.7 412.7 249.2
Cost of revenue (440.5) (404.6) (401.1) (379.3) (225.7)
Gross profit 28.4 23.3 30.6 33.4 23.6
Selling, general & administrative expenses (23.4) (20.0) (21.6) (17.7) (14.1)
Operating profit 7.9 5.1 17.8 13.1 9.5
Finance cost (1.3) (0.9) (0.8) (1.1) (0.7)
Profit before tax 6.2 5.1 6.5 1.9 5.8
Taxation (4.6) (3.8) (1.4) (3.0) (2.1)
Profit after tax 1.6 1.2 5.1 (1.1) 3.6
Profit attributable to shareholders 3.5 3.3 5.9 (0.1) 4.5
Per share & other
EPS – basic (Rs) Rs 16.56 15.41 27.34 (0.34) 21.88
EPS – diluted (Rs) Rs 16.56 15.41 27.34 (0.34) 21.88
Dividend per share (Rs) Rs 7.00 5.00 5.00 3.00 0.00
EBITDA 12.3 8.4 20.6 15.8 11.6
Depreciation & amortisation 4.4 3.3 2.9 2.7 2.1
Weighted average shares mn 214.0 214.0 214.0 214.0 204.1
WAFI income statement — year-on-year change (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Revenue +9.6% -0.9% +4.6% +65.6% +50.9%
Cost of revenue +8.9% +0.9% +5.7% +68.1% +43.1%
Gross profit +21.5% -23.7% -8.5% +41.8% +216.1%
Selling, general & administrative expenses +16.7% -7.1% +21.8% +25.3% +18.8%
Operating profit +54.1% -71.3% +35.5% +37.8% —
Finance cost +37.5% +13.0% -22.0% +60.4% -52.9%
Profit before tax +22.1% -22.4% +240.7% -66.7% —
Taxation +19.5% +175.8% -53.3% +39.5% +37,042.8%
Profit after tax +30.2% -76.3% — -129.7% —
Profit attributable to shareholders +7.5% -43.6% — -101.6% —
Per share & other
EPS – basic (Rs) +7.5% -43.6% — -101.5% —
EPS – diluted (Rs) +7.5% -43.6% — -101.5% —
Dividend per share (Rs) +40.0% 0.0% +66.7% — —
EBITDA +46.7% -59.4% +30.8% +35.8% —
Depreciation & amortisation +35.2% +13.6% +7.6% +26.5% +11.9%
Weighted average shares — — — — —

Change against the previous fiscal year; shown when the earlier figure is positive.

WAFI income statement — common size (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Revenue 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (93.9%) (94.5%) (92.9%) (91.9%) (90.5%)
Gross profit 6.1% 5.5% 7.1% 8.1% 9.5%
Selling, general & administrative expenses (5.0%) (4.7%) (5.0%) (4.3%) (5.7%)
Operating profit 1.7% 1.2% 4.1% 3.2% 3.8%
Finance cost (0.3%) (0.2%) (0.2%) (0.3%) (0.3%)
Profit before tax 1.3% 1.2% 1.5% 0.5% 2.3%
Taxation (1.0%) (0.9%) (0.3%) (0.7%) (0.9%)
Profit after tax 0.3% 0.3% 1.2% (0.3%) 1.4%
Profit attributable to shareholders 0.8% 0.8% 1.4% (0.0%) 1.8%
Per share & other
EBITDA 2.6% 2.0% 4.8% 3.8% 4.7%
Depreciation & amortisation 0.9% 0.8% 0.7% 0.6% 0.8%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 15 Oct 2026.

All reported line items 141
WAFI income statement — all reported line items (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Revenue from Goods & Services 467.6 427.0 430.5 411.9 248.4
Revenue Taxes 9.5 8.5 7.9 6.6 34.0
Gross Revenue from Business Activities - Total 477.0 435.5 438.4 418.6 282.4
Revenue from Business-Related Activities - Other - Total 1.4 1.0 1.1 0.8 0.8
Revenue from Business Activities - Total 468.9 427.9 431.7 412.7 249.2
Cost of Operating Revenue 440.5 404.6 401.1 379.3 225.7
Cost of Revenues - Total 440.5 404.6 401.1 379.3 225.7
Cost of Revenues - Unclassified 414.8 383.6 380.6 360.7 212.2
Selling, General & Administrative Expenses - Total 23.4 20.0 21.6 17.7 14.1
Selling, General & Administrative Expenses - Unclassified 13.4 11.8 14.3 10.8 7.9
Depreciation in Cost of Revenues 0.2 0.2 0.2 0.2 0.2
Depreciation in Selling, General & Administrative Expenses 3.4 2.9 2.7 2.5 2.0
Amortization of Intangibles in Selling, General & Administrative Expenses 0.8 0.1 0.0 0.0 0.0
Material Expenses 24.3 19.8 19.5 17.7 12.6
Material Expenses - Materials, Inventory, Own Work & Utility - Unclassified 0.0 0.0 0.0 0.0 0.0
Utility Cost of Revenue - Fuel Expense 0.2 0.2 0.2 0.2 0.1
Other Operating Expense/(Income) - Net (2.9) (1.8) (8.8) 2.6 (0.1)
Changes in Inventory — — — — —
Other Operating Income - Total 2.9 2.7 11.4 1.3 0.3
Materials Purchased 24.1 19.6 19.3 17.5 12.5
Cost of Revenues - Other - Total 1.3 1.0 0.8 0.7 0.7
Gross Profit - Industrials/Property - Total 28.4 23.3 30.6 33.4 23.6
Operating Expenses - Total 461.1 422.8 413.9 399.6 239.7
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses 3.9 3.2 3.2 3.0 3.6
Selling, General & Administrative Expenses - Other - Total 1.9 2.0 1.5 1.5 0.7
Advertising Expense 1.6 1.7 1.4 1.3 0.5
Rental Expense 0.3 0.3 0.1 0.2 0.2
Operating Profit before Non-Recurring Income/(Expense) 7.9 5.1 17.8 13.1 9.5
Financing Income/(Expense) - Net - Total (1.9) (0.0) (11.1) (10.9) (3.8)
Interest Expense - Net of (Interest Income) (0.4) (1.2) (0.7) 0.8 0.5
Other Operating Expense 0.1 0.9 0.6 2.9 0.1
Interest Expense - Net of Capitalized Interest 1.3 0.9 0.8 1.1 0.7
Operating Provisions - Increase/(Decrease) 0.0 0.0 2.1 1.0 0.2
Provision for Doubtful Accounts & Write-off — — — — 0.0
Non-Interest Financial Income/(Expense) - Total (2.3) (1.2) (11.9) (10.2) (3.3)
Non-Interest Financial Income/(Expense) - Other - Net (0.8) (1.2) (1.6) (0.3) (0.2)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss 0.1 0.1 0.3 0.0 0.0
Other Non-Operating Income/(Expense) - Total (0.0) (0.0) (0.0) — —
Foreign Exchange Gain/(Loss) - Non-Business (1.0) 0.0 (10.2) (9.9) (3.2)
Normalized Pre-tax Profit 6.0 5.1 6.9 2.2 5.7
Non-Recurring Income/Expense - Total 0.2 (0.1) (0.3) (0.3) 0.0
Impairment - Tangible & Intangible Fixed Assets 0.0 0.1 0.4 0.3 (0.0)
Impairment - Fixed Assets 0.0 0.1 0.4 0.3 (0.0)
Interest Income - Non-Bank 1.7 2.1 1.6 0.3 0.2
Dividend & Investment Income 0.1 — — — —
Early Extinguishment of Lease Related Debts - Gain/(Loss) 0.2 0.0 0.1 0.1 —
Accretion - Site Closure & Reclamation Expenses 0.6 0.0 0.0 0.0 0.0
Non-Recurring Income/(Expense) - Other - Total — — — — —
Provision for Income Tax Expense- Unclassified — — — — —
Income before Taxes 6.2 5.1 6.5 1.9 5.8
Equity in Earnings/(Loss) of Affiliates (after Taxes) 2.0 2.1 0.7 1.0 0.9
Income Taxes 4.6 3.8 1.4 3.0 2.1
Income Taxes for the Year - Current 4.4 3.1 1.2 3.0 1.9
Income Taxes - Domestic - Current 3.3 3.1 1.0 2.4 1.9
Income Taxes - Other (KFAS/NLST) - Current 1.0 0.0 0.2 0.7 (0.0)
Income Taxes - Deferred 0.2 0.7 — (0.1) 0.3
Income Taxes - Other (by Type) — — 0.2 — —
Net Income after Tax 1.6 1.2 5.1 (1.1) 3.6
Income before Discontinued Operations & Extraordinary Items 3.5 3.3 5.9 (0.1) 4.5
Net Income before Minority Interest 3.5 3.3 5.9 (0.1) 4.5
Net Income after Minority Interest 3.5 3.3 5.9 (0.1) 4.5
Income Available to Common Shares 3.5 3.3 5.9 (0.1) 4.5
Other Comprehensive Income - Starting Line 3.5 3.3 5.9 (0.1) 4.5
Other Comprehensive Income - Other — — — — 0.0
Other Comprehensive Income - Associated Companies (0.0) 0.3 0.2 (0.1) 0.0
Other Comprehensive Income - Pension Related (0.1) (0.3) 0.2 0.1 (0.0)
Other Comprehensive Income - Net of Tax - Total (0.1) 0.0 0.4 (0.0) 0.0
Comprehensive Income before Minority Interest - Total 3.5 3.3 6.2 (0.1) 4.5
Comprehensive Income - Attributable to Parent Company Equity Holders - Total 3.5 3.3 6.2 (0.1) 4.5
DPS - Common - Gross - Issue - By Period End Date Rs 7.00 5.00 5.00 3.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 3.5 3.3 5.9 (0.1) 4.5
Income available to Common excluding Extraordinary Items 3.5 3.3 5.9 (0.1) 4.5
Shares used to calculate Basic EPS - Total mn 214.0 214.0 214.0 214.0 204.1
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 16.56 15.41 27.34 (0.34) 21.88
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 16.56 15.41 27.34 (0.34) 21.88
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 15.85 15.68 28.97 1.01 21.66
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 3.5 3.3 5.9 (0.1) 4.5
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 214.0 214.0 214.0 214.0 204.1
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 16.56 15.41 27.34 (0.34) 21.88
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 16.56 15.41 27.34 (0.34) 21.88
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 15.85 15.68 28.97 1.01 21.66
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs 16.20 15.51 29.02 (0.38) 21.92
Dilution Adjustment — — — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 3.5 3.3 5.9 (0.1) 4.5
Diluted Income available to Common excluding Extraordinary Items 3.5 3.3 5.9 (0.1) 4.5
Shares used to calculate Diluted EPS - Total mn 214.0 214.0 214.0 214.0 204.1
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 16.56 15.41 27.34 (0.34) 21.88
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 16.56 15.41 27.34 (0.34) 21.88
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 15.85 15.68 28.97 1.01 21.66
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 3.5 3.3 5.9 (0.1) 4.5
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 214.0 214.0 214.0 214.0 204.1
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 16.56 15.41 27.34 (0.34) 21.88
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 16.56 15.41 27.34 (0.34) 21.88
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 15.85 15.68 28.97 1.01 21.66
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs 16.20 15.51 29.02 (0.38) 21.92
DPS - Common - Gross - Issue - By Announcement Date Rs 8.00 0.00 5.00 3.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 7.20 0.00 4.50 2.70 0.00
Earnings before Interest & Taxes (EBIT) 7.9 5.1 17.8 13.1 9.5
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 12.3 8.4 20.6 15.8 11.6
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments 12.6 8.7 20.7 15.9 11.8
Depreciation & Amortization - Supplemental 4.4 3.3 2.9 2.7 2.1
Depreciation Expense - Total - Supplemental 3.7 3.1 2.9 2.7 2.1
Depreciation - Financial Lease Right-of-Use Assets - Supplemental 1.5 0.9 0.9 0.8 0.7
Amortization - Total - Supplemental 0.8 0.1 0.0 0.0 0.0
Intangible Amortization - Other - Supplemental 0.8 0.1 0.0 0.0 0.0
Amortization of Computer Software - Supplemental 0.8 0.1 0.0 0.0 0.0
Depreciation, Depletion & Amortization - Total 4.4 3.3 2.9 2.7 2.1
Depreciation - Total 3.7 3.1 2.9 2.7 2.1
Amortization of Intangible Assets excluding Goodwill - Total 0.8 0.1 0.0 0.0 0.0
Labor & Related Expenses - Total 3.9 3.2 3.2 3.0 3.6
Labor & Related Expenses - Supplemental 3.9 3.2 3.2 3.0 3.6
Auditor Fees 0.0 0.0 0.0 0.0 0.0
Audit-Related Fees 0.0 0.0 0.0 0.0 0.0
Fees - Other 0.0 0.0 0.0 0.0 0.0
Normalized after Tax Profit 1.4 1.3 5.5 (0.8) 3.6
Normalized Net Income from Continuing Operations 3.4 3.4 6.2 0.2 4.4
Normalized Net Income - Bottom Line 3.4 3.4 6.2 0.2 4.4
Earnings before Interest & Taxes (EBIT) - Normalized 5.6 3.9 6.1 3.0 6.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 10.0 7.2 9.0 5.6 8.3
Interest Expense on Financial Lease Liabilities - Supplemental 1.3 0.9 0.8 0.6 0.5
Rental/Operating Lease Expense 0.3 0.3 0.1 0.2 0.2
Advertising Expenses - Supplemental 1.6 1.7 1.4 1.3 0.5
Interest Expense 1.3 0.9 0.8 1.1 0.7
Operating Expenses 461.1 422.8 413.9 399.6 239.7
Selling, General & Administrative Expenses excluding Research & Development Expenses 23.4 20.0 21.6 17.7 14.1
Income before Taxes & Provision for Loan Losses 6.2 5.1 6.5 1.9 5.8
Cost of Revenue including Operation & Maintenance (Utility) - Total 440.5 404.6 401.1 379.3 225.7
Cost of Revenues excluding Depreciation 440.3 404.4 400.9 379.1 225.5
Generation Cost 440.5 404.6 401.1 379.3 225.7
DPS - Common - Gross - Issue - By Payable Date Rs 8.00 0.00 5.00 3.00 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 8.00 0.00 5.00 3.00 0.00
Tax Adjusted Operating Income 3.9 3.5 6.5 (0.7) 4.9
Operating Expenses excluding Non-Cash Charges - Total 456.6 419.6 411.0 396.9 237.6
Income Available to Common Shares before Depreciation & Amortization 8.0 6.6 8.7 2.6 6.6
Fixed Charges 1.3 0.9 0.8 1.1 0.7
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 8.00 0.00 5.00 3.00 0.00

Every line the company reported, in the original order and wording, without regrouping or signs changed.