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STO reports MVR 4.1 billion revenue in Q4 2025

30 Jan 2026

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Zarya Saeed

State Trading Organisation (STO) --- Photo: Corporate Maldives

State Trading Organisation (STO) has reported revenue of MVR 4.1 billion in the fourth quarter of 2025, according to financial results published on the company’s website on 30 January 2026.

According to the figures, The total revenue represents an 8 per cent increase compared to the previous quarter. The company attributed the growth primarily to improved business performance across all sectors. Oil-related revenue increased by 4 per cent, while revenue from other business segments rose by 19 per cent during the quarter.

The increase in revenue resulted in a net profit of MVR 671 million, an 11 per cent rise from the preceding quarter. Operating profit also increased by 11 per cent, reaching MVR 322 million over the same period. STO reported a net profit before tax of MVR 276 million, marking a 20 per cent increase quarter-on-quarter, largely due to reduced financing costs. After tax, the company recorded a net profit of MVR 244 million for the quarter.

For the full year 2025, STO reported total revenue of MVR 15.5 billion, an increase of MVR 98 million compared to the previous year. The company generated MVR 910 million in profit before tax for the year, while net profit after tax stood at MVR 762 million, reflecting a 3 per cent increase year-on-year.

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