STO posts resilient 2025 performance, proposes highest dividend in recent years

The State Trading Organization Plc (STO) Group has reported a strong and resilient financial performance for 2025, underscoring steady growth across key sectors despite global market pressures.

According to the Group’s audited financial statements, published on April 30, 2026, STO generated total revenue of MVR 16.68 billion. While this reflects a marginal 0.5% decrease compared to the previous year, the decline was largely attributed to lower global fuel prices and reduced earnings from the shipping segment.

Despite this, STO recorded an 8% increase in fuel sales volume, highlighting robust demand. The Group also saw improved performance in its insurance, gas and trading sectors, helping to offset external challenges.

The Group achieved an operating profit of MVR 1.18 billion. Notably, a 16% reduction in financing costs significantly strengthened overall profitability, with net profit rising to MVR 962 million—an increase of 4% compared to the previous year. After tax, STO recorded a net profit of MVR 785 million, marking a further 2% growth.

In a positive signal to shareholders, STO’s Board of Directors has proposed a dividend of MVR 85 per share for 2025—the highest in recent years. The proposal will be submitted for approval at the upcoming Annual General Meeting (AGM).

STO has also invited shareholders to participate in the AGM, scheduled for May 16, 2026. The meeting will be held both in person and virtually via Microsoft Teams Live Events, enabling wider participation.

The Group expressed its appreciation to business partners for their continued support and cooperation, emphasizing the collaborative efforts behind its sustained performance.

With steady profitability, improved operational efficiency and strong sectoral contributions, STO’s 2025 results reflect a stable outlook and continued commitment to delivering value to stakeholders.