Wafi Energy Pakistan Limited has reported a profit after tax of Rs1.523 billion for the six-month period ended June 30, 2026, showing an improvement from Rs1.278 billion recorded in the corresponding period of 2025.
According to the company’s condensed interim financial statements, net sales rose to Rs303.04 billion during the period, compared with Rs221.70 billion in the same period last year. The increase in sales helped lift gross profit to Rs17.78 billion, up from Rs13.94 billion previously.
Despite higher sales and gross profit, operating profit stood at Rs3.63 billion, slightly below the Rs3.81 billion reported in the first half of 2025. Finance costs also remained significant at around Rs1.13 billion.
The company reported profit before income tax of Rs3.461 billion, compared with Rs3.381 billion a year earlier. After accounting for income tax, profit after tax increased to Rs1.523 billion from Rs1.278 billion.
The improvement in earnings was also reflected in the company’s basic and diluted earnings per share, which increased to Rs7.12 from Rs5.97 in the corresponding period of 2025.
Balance Sheet and Cash Position
Wafi Energy Pakistan’s total assets increased to approximately Rs127.10 billion as of June 30, 2026, compared with Rs116.53 billion at the end of December 2025. Equity also strengthened to around Rs25.48 billion, from Rs24.81 billion at year-end.
However, the company experienced pressure on operating cash flows. Net cash used in operating activities amounted to approximately Rs982 million during the six-month period, compared with net cash generated of Rs12.41 billion in the same period of 2025.
Investing activities also consumed cash, with net cash used of around Rs1.36 billion, largely reflecting fixed capital expenditure. Financing activities used a further Rs1.24 billion, including dividend payments.
As a result, cash and cash equivalents declined to Rs8.43 billion at June 30, 2026, from Rs12.01 billion at the beginning of the period.
No Interim Cash Dividend Declared
The company’s board meeting held on August 27, 2026 recommended no cash dividend for the period ended June 30, 2026. The filing also stated that no bonus shares, right shares or other corporate actions were proposed, while no other price-sensitive information was reported.
Overall, Wafi Energy Pakistan’s first-half results show strong revenue growth and improved profitability, although weaker operating cash generation and continued finance costs remain important areas to watch in the second half of the year.
