⚡ Flash Summary

Wafi Energy Pakistan Limited (WEPL) announced its YTD September 2025 results during a corporate briefing, showcasing significant financial growth and strategic developments. The company reported an 8.5% growth in motor fuels and a remarkable 155% growth in Shell V-Power compared to the same period in 2024. WEPL’s financial performance reflects a strategic focus on expanding its retail network and enhancing its product offerings. The company highlighted its commitment to sustainable growth, financial robustness, and ESG principles, aiming to accelerate into the future.

📌 Key Takeaways

• Motor-fuels achieved 8.5% growth compared to 2024 (YTD Sep) ⛽.
• Shell V-Power experienced a significant 155% growth versus 2024 (YTD Sep) 🚀.
• WEPL expanded its network by adding 28 new sites nationally (YTD Sep) 📍.
• Convenience retail sales increased by 19% YTD 2025 🛍️.
• Added 9+ Gen5 Shell Select Stores to the CR Portfolio 🏪.
• Operating Profit increased by 84% YoY, reaching PKR 6,460 Mn 📈.
• Profit After Tax (PAT) surged by 319% YoY, amounting to PKR 3,030 Mn 💰.
• Total volumes increased by 12% YoY, demonstrating strong sales performance ⛽.
• V-Power sales increased by 150% YoY, reflecting premium product demand 💪.
• Net Cash position improved significantly by 90.6% YoY, reaching PKR 18,812 Mn 💵.
• Retained earnings increased by 21% YoY, reflecting improved profitability 🏦.
• Gross Profit increased by 22% YoY reaching PKR 21,829 Million 💯.
• EBITDA increased by 9% YoY reaching PKR 9,824 Million 💹.
• Non-fuel Retail Revenue increased by 8% YoY reaching PKR 299 Million 🛒.

🎯 Investment Thesis

BUY. WEPL’s strong financial performance, strategic expansion, and focus on premium products make it an attractive investment. The company’s commitment to ESG principles further enhances its long-term sustainability. A price target of PKR 250, with a time horizon of 12-18 months, is justified given the growth trajectory and improved profitability.