Ooredoo Maldives
Ooredoo Q3 revenue rises 5.1% to MVR 577 million
Ooredoo Maldives recorded MVR 577 million in Q3 revenue, up 5.1% year-on-year, while net profit attributable to shareholders reached MVR 182 million.
02 November 2026, 19:05
Ooredoo Maldives recorded consolidated revenue of MVR 577 million in the third quarter of 2026, an increase of 5.1% compared with the same period last year.
Revenue stood at MVR 549 million in the third quarter of 2025.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 4.1% year-on-year to MVR 326 million, while the EBITDA margin stood at 56.4%.
Net profit attributable to shareholders reached MVR 182 million during the quarter, up 0.6% from MVR 181 million a year earlier.
Ooredoo’s customer base increased 5.4% year-on-year to 443,000, compared with 421,000 customers in the corresponding quarter of 2025.
For the first nine months of 2026, the company recorded MVR 1.661 billion in revenue, representing growth of 1.6% compared with the same period last year.
Nine-month EBITDA increased 2.3% to MVR 935 million, with Ooredoo attributing the increase to revenue growth and operational efficiencies. Net profit for the nine-month period rose 3.2% to MVR 535 million.
During the third quarter, Ooredoo also expanded its SuperNet broadband network to newly developed residential blocks under the Fahi Dhiriulhun Corporation development, alongside further expansion of its digital services.
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