STO Approves MVR 85 Dividend Per Share, Its Largest Payout in Recent History

State Trading Organisation (STO) shareholders have approved a dividend of MVR 85 per share for the 2025 financial year, the company's largest payout in recent memory.

The decision was made at STO's Annual General Meeting (AGM), held on Friday night at Dhusit D2 Feydhoo Maldives. Of the 253 shareholders who participated, representing 952,358 shares, 99 percent voted in favor of the dividend. A total of 263 members attended the meeting. Of those, 176 were present in person, and 87 participated through proxy.

The MVR 85 dividend is an increase of MVR 5 from the MVR 80 per share that was distributed in 2024. It is also described as the highest dividend STO has paid out in its recent history as a public company. STO converted to a publicly listed company 25 years ago.

Strong Financial Performance

STO Group recorded total revenue of MVR 16.7 billion in 2025. STO alone generated revenue of MVR 15.5 billion. Net profit for the group, including subsidiary companies, reached MVR 785 million, while STO's standalone net profit stood at MVR 763 million.

STO is the Maldives' largest trading company. It operates across key sectors including fuel distribution, pharmaceutical supply, and essential goods, playing a central role in the country's import-dependent economy.

Targets Ahead

STO Chief Executive Officer and Managing Director Shimad Ibrahim said the company aims to grow revenue from new business ventures by more than 5 percent and reach a net profit of MVR 1 billion by 2030. He said the company's current growth trajectory suggests that target could be achieved ahead of schedule.

The AGM is STO's primary forum for shareholder engagement. It is held annually in accordance with the Maldives Companies Act and stock exchange requirements. STO is listed on the Maldives Stock Exchange.