WAFI 1HCY26 profit rises 19%
Wafi Energy Pakistan Limited (PSX: WAFI) reported a 19% increase in its net profit for the half-year ended June 30, 2026 (1HCY26), recording Rs1.52bn compared to Rs1.28bn in the corresponding period last year. Reflecting the half-year profitability growth, the company's basic and diluted earnings per share (EPS) for the six-month period improved to Rs7.12, up from Rs5.97 in 1HCY25. The primary driver behind the performance was strong top-line revenue expansion combined with gross margin growth. Net sales for the half-year surged by 37% year-on-year to reach Rs303.04bn, up from Rs221.70bn in 1HCY25. Although the cost of products sold expanded by 37% to Rs285.26bn, strong sales volume growth enabled gross profit to expand 28% to Rs17.78bn compared to Rs13.94bn in the prior year.