STO Reports Strong Financial Performance in 2025 with MVR 15.5 Billion Revenue

State Trading Organization (STO) recorded strong financial results in 2025, posting total revenue of MVR 15.5 billion, reflecting an increase of MVR 98 million compared to the previous year.According ...

Mohamed Hilmy

30 January 2026, 00:00

State Trading Organization (STO) recorded strong financial results in 2025, posting total revenue of MVR 15.5 billion, reflecting an increase of MVR 98 million compared to the previous year.

According to the company’s financial statement, improved performance across its business sectors contributed to the growth, with notable gains in both oil and non-oil revenues.

The company earned MVR 910 million in profit before tax during the year. After tax deductions, STO reported a net profit of MVR 762 million, marking a 3 percent increase compared to 2024.

In the final quarter of the year, STO generated MVR 4.1 billion in revenue, an 8 percent increase from the previous quarter. This growth was driven by a 4 percent rise in oil revenues and a 19 percent increase in other revenue streams.

The fourth-quarter performance resulted in a total profit of MVR 671 million, up 11 percent from the previous quarter. Operating profit rose by 11 percent to MVR 322 million, while net profit before tax reached MVR 276 million, supported by lower financing costs. After taxes, net profit for the quarter stood at MVR 244 million.

STO said the improved results reflected operational efficiency, cost control measures, and strengthened performance across key business segments.

STO Reports Strong Financial Performance in 2025 with MVR 15.5 Billion Revenue

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