WAFI Wafi Energy Pakistan Limited

Wafi Energy Pakistan Limited (WAFI) financial ratios

Wafi Energy Pakistan Limited earned a net margin of 0.8% in FY2025 against a five-year average of 0.9% (Oil & Gas Marketing Companies median 1.0%). Return on equity was 14.8%, compared with a sector median of 18.2%. The current ratio stood at 0.95× and debt was 44.7% of equity. Cash took about -1 days to cycle through receivables, inventory and payables.

FY2025 vs the Oil & Gas Marketing Companies median

Gross margin: 6.1%; Sector median 5.4%
Operating margin: 1.7%; Sector median 3.4%
Net margin: 0.8%; Sector median 1.0%
Return on equity (ROE): 14.8%; Sector median 18.2%
Return on assets (ROA): 3.1%; Sector median 2.9%
Current ratio: 0.95×; Sector median 0.97×
Debt to equity: 44.7%; Sector median 54.7%
Asset turnover: 4.07×; Sector median 2.82×
Dividend payout ratio: 0.0%; Sector median 12.8%

Median of the 9 companies in the sector with the figure for their latest fiscal year.

WAFI financial ratios (annual) (Rs mn)
Rs mn	FY2025 Jan – Dec 2025	FY2024 Jan – Dec 2024	FY2023 Jan – Dec 2023	FY2022 Jan – Dec 2022	FY2021 Jan – Dec 2021	FY2020 Jan – Dec 2020	FY2019 Jan – Dec 2019	FY2018 Jan – Dec 2018	FY2017 Jan – Dec 2017	FY2016 Jan – Dec 2016	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jan – Dec 2012	FY2011 Jan – Dec 2011	FY2010 Jan – Dec 2010	FY2009 Jan – Dec 2009	FY2008 * Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Profitability
Gross margin	6.1%	5.5%	7.1%	8.1%	9.5%	4.5%	7.5%	8.2%	8.8%	8.3%	5.3%	3.0%	4.5%	4.3%	5.5%	6.1%	8.2%	—	5.5%
EBITDA margin	2.6%	2.0%	4.8%	3.8%	4.7%	(1.3%)	2.4%	2.8%	3.2%	3.2%	1.4%	0.5%	1.9%	1.3%	2.6%	2.4%	3.8%	—	1.3%
Operating margin	1.7%	1.2%	4.1%	3.2%	3.8%	(2.4%)	1.6%	2.3%	2.7%	2.8%	1.0%	0.1%	1.5%	0.8%	2.1%	1.9%	3.3%	—	0.8%
Pre-tax margin	1.3%	1.2%	1.5%	0.5%	2.3%	(3.6%)	(0.5%)	(0.6%)	2.1%	3.0%	0.9%	0.0%	0.8%	(0.3%)	1.0%	1.2%	2.2%	—	0.2%
Net margin	0.8%	0.8%	1.4%	(0.0%)	1.8%	(2.9%)	(0.7%)	(0.6%)	1.9%	4.0%	0.5%	(0.4%)	0.4%	(0.9%)	0.4%	0.6%	1.1%	—	0.6%
Effective tax rate	74.4%	76.0%	21.4%	155.9%	37.2%	—	—	—	32.7%	(21.4%)	81.4%	33,392.3%	72.9%	—	87.7%	72.3%	61.0%	34.4%	(127.9%)
Returns
Return on equity (ROE)	14.8%	15.4%	34.1%	(0.5%)	60.9%	(264.9%)	(27.9%)	(13.3%)	29.9%	79.2%	15.3%	(16.3%)	16.2%	(27.4%)	11.2%	15.8%	—	44.5%	7.2%
Return on assets (ROA)	3.1%	3.0%	5.6%	(0.1%)	6.4%	(8.7%)	(2.8%)	(2.5%)	7.8%	16.8%	2.4%	(2.7%)	2.5%	(4.1%)	2.1%	3.5%	—	15.0%	2.5%
Return on invested capital (ROIC)	11.7%	12.3%	27.0%	(3.1%)	27.3%	—	—	—	29.7%	70.9%	10.5%	(571.5%)	7.3%	—	5.4%	10.8%	—	32.2%	4.4%
Liquidity
Current ratio	0.95×	0.96×	0.91×	0.88×	0.87×	0.61×	0.69×	0.75×	0.82×	0.87×	0.83×	0.85×	0.90×	0.87×	0.90×	0.84×	0.85×	1.30×	1.01×
Quick ratio	0.35×	0.37×	0.29×	0.33×	0.29×	0.32×	0.32×	0.40×	0.48×	0.54×	0.41×	0.45×	0.36×	0.42×	0.46×	0.43×	0.33×	0.53×	0.58×
Leverage
Debt to equity	44.7%	32.1%	36.1%	45.6%	39.5%	—	286.2%	126.8%	3.9%	0.0%	33.9%	63.9%	85.3%	207.0%	190.7%	126.6%	102.7%	61.7%	80.0%
Debt to capital	30.9%	24.3%	26.5%	31.3%	28.3%	104.5%	74.1%	55.9%	3.7%	0.0%	25.3%	39.0%	46.0%	67.4%	65.6%	55.9%	50.7%	38.2%	44.4%
Debt to assets	9.5%	6.5%	6.7%	6.5%	7.1%	27.6%	21.8%	16.4%	1.0%	0.0%	5.3%	9.7%	15.2%	27.0%	32.0%	26.0%	25.2%	21.3%	25.9%
Assets to equity	4.81×	5.15×	6.06×	6.24×	9.51×	30.47×	9.90×	5.32×	3.82×	4.71×	6.45×	6.04×	6.53×	6.66×	5.42×	4.46×	—	2.97×	2.93×
Efficiency
Asset turnover	4.07×	3.89×	4.15×	4.42×	3.57×	2.98×	3.79×	4.23×	4.15×	4.17×	5.15×	6.33×	5.82×	4.52×	5.00×	5.48×	—	4.08×	4.00×
Receivable days days	11	11	12	12	18	27	25	25	23	23	22	18	17	26	24	18	—	28	31
Inventory days days	38	42	42	38	41	36	32	26	24	28	26	23	27	32	27	25	—	38	31
Payable days days	49	55	57	57	68	66	48	43	46	49	41	32	31	34	29	24	—	35	33
Cash conversion cycle days	(1)	(2)	(4)	(7)	(9)	(4)	9	8	1	2	6	9	13	23	22	18	—	32	29
Dividends
Dividend payout ratio	0.0%	0.0%	18.3%	—	0.0%	—	—	—	80.7%	53.8%	117.5%	—	32.3%	—	0.0%	64.5%	96.0%	19.2%	198.5%
Earnings retention rate	1.00×	1.00×	0.82×	—	1.00×	—	—	—	0.19×	0.46×	(0.17×)	—	0.68×	—	1.00×	0.35×	0.04×	0.81×	(0.98×)

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

WAFI: frequently asked questions

What is WAFI's EPS?

Wafi Energy Pakistan Limited reported basic earnings per share of Rs 16.56 for FY2025 (Jan – Dec 2025).

What is WAFI's P/E ratio?

At the closing price of Rs 153.79 on 16 Oct 2026, WAFI trades at a P/E of 9.3× based on EPS of Rs 16.56 (FY2025).

Does WAFI pay dividends?

Yes. Wafi Energy Pakistan Limited declared a dividend of Rs 7.00 per share for FY2025. It has paid a dividend in each of the last 4 years. At Rs 153.79 that is a dividend yield of 4.6%.

What was WAFI's revenue and profit in FY2025?

Wafi Energy Pakistan Limited reported revenue of Rs 468.9 bn and profit attributable to shareholders of Rs 3.5 bn for FY2025 (Jan – Dec 2025).

What is WAFI's book value per share?

Wafi Energy Pakistan Limited's book value per share was Rs 115.94 at the end of FY2025. The shares trade at 1.33× book value.

Information only, not investment advice.