Company reports growth across mobile, broadband and enterprise services while confirming MVR 8.70 dividend

Dhiraagu has decided to pay a dividend of MVR 8.70 per share following the conclusion of its 37th Annual General Meeting.

The AGM was held as a hybrid meeting at JEN Maldives Malé by Shangri‑La. A total of 265 shareholders registered to participate, including 136 shareholders and 129 represented by proxy.

As in previous years, all votes were cast through ‘FahiVote’, the online general meeting management system developed by Maldives Security Depository Pvt Ltd. Dhiraagu said five resolutions were passed at the meeting, with shareholders representing 74,240,990 shares.

The shareholders passed the following resolutions:

• Approval of the Directors’ Report and Audited Financial Statements for the year ended 31 December 2025.

• Approval of the full and final dividend for the year ended 31 December 2025.

• Appointment of the External Auditor for the financial year ending 31 December 2026.

• Approval of the standing resolution to declare an interim dividend for 2026.

• Election of Ms. Asiath Rilweena as Public Director until the conclusion of the 39th AGM.

Last year, Dhiraagu inaugurated the Maldives’ first Tier IV Certified Data Centre and expanded its data centre facilities in N. Velidhoo.

The company also received government recognition for achieving 100 percent high‑speed fibre broadband coverage across all inhabited islands, placing Maldives among a select group of countries with nationwide fibre connectivity.

Additional achievements include receiving the Great Place to Work Certification with a 93 percent participation rate. Dhiraagu also expanded its digital platforms, including cloud services, cybersecurity and mobile financial services, alongside the continued rollout of unlimited fibre broadband and 5G.

To strengthen international connectivity, Dhiraagu participated in the SEA‑ME‑WE 6 submarine cable system and partnered with Google on the Dhivaru subsea cable, establishing a new connectivity hub in Addu City.

Dhiraagu recorded total revenue of MVR 2.8 billion in 2025, an increase of 1.8 percent compared to 2024, driven by strong performance in mobile, fixed broadband and enterprise services. EBITDA rose by 1.9 percent to MVR 1.6 billion, while net profit increased by 0.4 percent to MVR 949 million.

Dhiraagu’s Board of Directors proposed and approved a dividend of MVR 8.70 per share for 2025, comprising an interim dividend of MVR 1.66 per share and a final dividend of MVR 7.04 per share.