STO increases dividend to MVR 85 per share after three years

State Trading Organization (STO) has approved a dividend of MVR 85 per share from last year’s profit.

STO paid MVR 80 per share for the past two years. This year’s dividend is therefore an increase of MVR 5 compared to the previous two years.

The Annual General Meeting approved the MVR 85 dividend with 99 percent support from the 263 shareholders represented at the meeting. A total of 176 shareholders attended in person, while the remaining shareholders participated by proxy.

According to STO’s latest financial figures, the company posted a net profit of MVR 276 million in the first quarter of this year.

MD Mr. Shimad Ibrahim presents the 2025 performance update at #STOAGM2025. A year of sustained profitability, digital advancement, and strengthened shareholder value. #HappeningNow pic.twitter.com/e1Gc2RrDHU

— STO (@stoplc) May 16, 2026

STO’s revenue also increased by 33 percent in the first quarter compared to the same period last year. Revenue rose from MVR 4.14 billion in the first quarter of last year to MVR 5.49 billion this year.

More STO statistics:

Operating profit: MVR 368 million; the company posted MVR 322 million in the last quarter of last year, a 14 percent increase compared to the same quarter the previous year.  

Net profit: MVR 276 million; the company posted MVR 244 million in the last quarter of last year, a 13 percent increase compared to the same quarter the previous year.