WAFI Energy Pakistan Limited, formerly Shell Pakistan Limited, reported a profit after tax of Rs3.3bn for 2024 compared to a profit of Rs5.8bn in 2023, as per a press release. It is important to note that the 2023 results included a one-time income of Rs10.7bn related to the waiver of Shell Group liabilities.

The Lubricants business expanded its market share with Helix and Advance, while in the mining sector, the company achieved a premium win in the Saindak Gold and Copper mining project and established an exclusive partnership in the Thar Coal Project. The mobility business also made significant strides, expanding its network by introducing 16 new sites and rebuilding nine existing ones. The convenience retail business demonstrated strong growth, with a 28 per cent year-on-year increase. •